Actyx added angel investors in the company.

Actyx, a Munich, Germany-based developer of software for factories, announced securing capital funding raise.

The financial details were not disclosed.

The money was raised from local angel investors based in Germany, including Karl Haeusgen, Mirko Novakovic, Markus Lorenz and Kulpreet Singh. Proceeds will be primarily used to further accelerate sales and product development.

Actyx, founded in 2016 by CEO Oliver Stollmann, Maximilian Fischer and Roland Kuhn, developed a software platform that enables developers to digitise factory processes easily and quickly. Their software is used in factories in Europe as well as in North and South America including ZwickRoell, a global supplier of testing machines, and Klöckner, one of Germany's leading materials traders. The Fraunhofer Institute also relies on the Actyx Platform in its research on Industry 4.0.

Actyx previously raised a seed round backed by Paua Ventures and System.one.