Deutsche Telekom (DT) has included Spanish-German venture startup, Teraki which develops data-reduction software for the Internet of Things (IoT) in its hub:raum Berlin center. In hub:raum, the company's four-member team will receive financial support over the coming nine-to-twelve months.
Hub:raum is an incubator program that connects the digital startup ecosystem with Deutsche Telekom, linking tech entrepreneurs and high growth startup companies with the expert network, capital, and business opportunities of Deutsche Telekom. Teraki is the 11th startup to be supported by Deutsche Telekom, via the incubator program, with capital, expert know-how and workplaces.
Our newest investment @Teraki_IoT pitching yesterday at @iotworldnews #iotwe15 ping us if you want an intro :-) pic.twitter.com/vhyOwtM8Cd
— hub:raum Berlin (@hubraumberlin) October 7, 2015
Teraki claims that its software can remove 90 percent of the data that sensors collect for the IoT that is irrelevant, thus greatly reducing the time that IoT applications require for data transmission and processing. In addition, it greatly reduces memory requirements and cuts terminal devices' energy consumption by at least 50 percent, said the company.
Teraki co-founder Daniel Richart
Data analysts spend some 60 percent of their time filtering out the relevant facts and figures from large data records. With Teraki, they can get right down to their real work, which is analyzing and using the data that really count.
