Today Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, announced that it has purchased a significant amount of IOTA tokens.
According to announcement, RBVC hopes to intensify the collaboration with the IOTA Foundation and intends to elevate the technology to maturity by bringing it closer to Bosch’s global ecosystem and key partners.
The purchase of IOTA tokens by RBVC is a strong vote of confidence for the technology and the ecosystem we have built over the years.
RBVC states that it has been working with the IOTA team for more than one year. The company emphasizes that IOTA's innovative tangle technology could potentially become the standard underlying technology for trustless machine to machine communication, security and payment in the IoT space, adding that RBVC hopes to have the first go-to-market solutions ready by the end of 2018.
The investment follows the successful launch of IOTA’s data marketplace, with more than 30 leading companies worldwide participating, including Accenture Labs, Deutsche Telekom, Fujitsu, Orange, Samsung Artik, TINE and many more.