HiveMQ raised €40 million in a Series A funding round led by Molten Ventures.

HiveMQ, a Landeshut, Germany-based developer of cloud native IoT messaging middleware solutions, raised €40 million ($42 million) series A financing round.

The money was raised from multiple investors led by the British VC Molten Ventures, and joined by Mubadala Capital, Illusian, the family office of Supercell co-founder Ilkka Paananen, Earlybird, Senovo Capital Management, and New Forge.

HiveMQ, founded in 2012 by Christian Götz and Dominik Obermaier, is a developer of MQTT (Message Queuing Telemetry Transport) solutions that allow for the deployment of IoT applications in a scalable and reliable manner. Business cases includes working with customers from manufacturing, industrial automation, transportation, telecommunications such as BMW, Audi, ECARX (subsidiary of Geely), Autonomic (subsidiary of Ford), ZF, Rimac and SiriusXM.

Prior to this round, HiveMQ raised €9.3 million in a seed round led by Earlybird and Senovo Capital Management and joined by angel investors Ali Kutay, Mirko Novakovic, Daniel Schellhoss and Charles Songhurst.