Deutsche Telekom: Spanish-German startup Teraki joins hub:raum

• Teraki develops data-reduction software for the Internet of Things (IoT)
• Deutsche Telekom is promoting and harnessing innovation related to the Internet of Things

BERLIN, 5-10-2015 — /EuropaWire/ — Berlin, center of innovation, is now home to yet another startup, a Spanish-German venture. The new company, Teraki, is the most recent addition to hub:raum. Teraki, which offers data-reduction software that optimizes IoT applications, is the 11th startup to be supported by Deutsche Telekom, via its incubator program, with capital, expert know-how and workplaces.

Data: small rather than Big
The founders of Teraki, Daniel Richart, Markus Kopf and Edouard Rozan, have developed data-reduction software that is able to remove the irrelevant from large quantities of data. As it happens, 90 and more percent of the data that sensors collect for the Internet of Things is irrelevant, and Teraki’s software is able to remove that 90 percent. That, in turn, can greatly reduce 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. What is more, the software has the effect of protecting customers’ privacy – by filtering out and encrypting a small fraction of the data, it enables selected IoT data to be transmitted more efficiently to destination servers and to data analysis.

The software developed by Teraki has two main functionality areas. First, in IoT sensors, it optimizes data collection and transmission. Second, at points where sensor-transmitted data are received, it reconstructs the required full data records and makes them available for visualization and analysis. In connected car applications, for example, the software might allow sensors to collect and transmit a fraction of the data at key traffic intersections, but allowing to gain full information about the car’s status.

“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,” explains Teraki co-founder Daniel Richart.

The software is compatible with all communications protocols and applications related to the Internet of Things. It is aimed at a broad range of industrial applications, and especially at the transport, logistics, and automotive sectors. Teraki use cases include applications for smart cities, connected cars, industry 4.0 and transportation.

Moving into a digital future, with the Internet of Things
Founded in March 2015, Teraki has already taken part in a number of funding programs, like EXIST (German public program) and Startupbootcamp IoT. In hub:raum, the company’s four-member team will receive financial support over the coming nine-to-twelve months. In addition, Deutsche Telekom mentors and experts will offer the startup know-how and experience that it can apply directly, for its own growth.

M2MGO, another IoT-relevant company, joined hub:raum in June 2015. “The future is digital, and the Internet of Things is taking us into that future. That is why we at hub:raum are promoting and harnessing innovation from the area of IoT. By bringing Teraki on board, we have taken another step forward in this process,” explains Peter Borchers, founder and Berlin head of hub:raum.

About Deutsche Telekom
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with around 151 million mobile customers, 30 million fixed-network lines and more than 17 million broadband lines (as of December 31, 2014). The Group provides fixed network, mobile communications, Internet and IPTV products and services for consumers and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in more than 50 countries and has approximately 228,000 employees worldwide. The Group generated revenues of EUR 62.7 billion in the 2014 financial year – more than 60 percent of it outside Germany.

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SOURCE: Deutsche Telekom AG

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Team Teraki in Berlin.