Konux announced raising $80 million from Sanno Capital and Athos.

Konux, a Munich, Germany-based software developer for transportation infrastructure systems, announced that it completed a $80 million capital funding round.

The money was raised froom investors led by Sanno Capital and new investor Athos and included contributions from existing backers DIVC, and New Enterprise Associates (NEA). Furthermore, NEA’s Co-Founder and former Chairman Dick Kramlich is also participating personally in this transaction.

Konux, founded in 2014 by CEO Andreas Kunze, is building SaaS products, using IIoT devices and machine learning to improve railway network capacity, reliability, and cost-efficiency. The company has 50 employees and is active in ten countries, both in Europe and the most important rail markets in Asia.

Konux previously raised about $50 million.