TeamViewer invests in the start-ups Sight Machine and Cybus

TeamViewer has made investments in the companies Sight Machine and Cybus.

12/13/2023, 11:07 AM
Eulerpool News Dec 13, 2023, 11:07 AM

TeamViewer announces investment in Sight Machine and Cybus

The German software manufacturer Cybus specializes in industrial IoT solutions for large production environments. With these investments, TeamViewer reaffirms its claim to be a leading provider of enterprise software at the interface of manufacturing infrastructure, IT systems, and data analysis.

CEO Oliver Steil emphasized that the digitalization of manufacturing and the networking of factories would be a logical next step for TeamViewer. Through collaboration with Sight Machine and Cybus, the company will further drive the development of solutions for the Smart Factory and position itself as a pioneer in shaping the future of industrial digitalization.

At the stock exchange, the TeamViewer stock responded positively to the news and temporarily recorded a price increase of 0.41 percent to 13.50 euros.

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