Remote connectivity specialist TeamViewer has invested in two smart factory developers: Sight Machine and Cybus. The company reports both investments as being double-digit million EUR amounts. It says it is aiming to strengthen its position in industrial transformation and IT/OT convergence.

Sight Machine, a US-based company and Microsoft partner, provides a manufacturing data platform that collects, structures, and analyses data from manufacturing operations. It uses AI applications to provide insights into areas such as quality control, system-level plant performance, and predictive maintenance.j With its investment, TeamViewer becomes a major shareholder and part of Sight Machine’s Board of Directors. The two companies will collaborate on a joint product offering and go-to-market strategy.

Jon Sobel, Co-Founder and CEO at Sight Machine said: “With its German and European roots, TeamViewer is closely tied to the regional manufacturing industry. This investment is testament to our shared commitment to harnessing the power of data to shape the future of smart factories.”

Cybus, a German software company, specialises in industrial IoT solutions for large scale manufacturing environments. Cybus’ data hub collects, processes, and distributes industrial data, enabling communication between heterogeneous devices, machines, and processes in the smart factory. It supports scalable configurations along multiple factory sites and is tailored for production-critical activities. Globally operating enterprises such as Liebherr and KRONE improve the efficiency and sustainability of their manufacturing processes with Cybus IoT solutions. As lead investor in Cybus’ current financing round and part of the advisory board, TeamViewer will actively collaborate and provide strategic guidance regarding the company’s development.

Peter Sorowka, CEO at Cybus, said: “Partnering with a global market leader like TeamViewer is instrumental in tackling the challenges of industrial digitalisation. Together, we want to shape this transformation and improve manufacturing efficiency.”

Oliver Steil, CEO at TeamViewer said: “Investing in shop floor digitalisation and factory connectivity is a logical next step for us. Together with Sight Machine and Cybus, we are going to further drive the evolution of smart factory solutions and position TeamViewer as a catalyst in shaping the future of industrial digitalisation.”

TeamViewer provides a connectivity platform to remotely access, control, manage, monitor, and repair devices. It has around 630,000 subscribers and enables companies to digitalise processes. The company is innovating in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. The company is headquartered in Goppingen, Germany, and employs more than 1,400 people globally. In 2022, TeamViewer achieved a revenue of around EUR 566 million.