Roambee Rounds Up $3.1M From Deutsche Telekom

Santa Clara-based Roambee, a developer of real time, asset tracking and logistics monitoring software, has raised $3.1M in a funding from Deutsche Telekom Strategic Investments, the company said this morning. Roambee said the investment came as part of a global Internet-of-Things (IoT) partnership between T-Systems and Roambee. T-Systems is a subsidiary of Deutsche Telekom. The funding was part of a Series B funding round for Roambee, led by Deutsche Telekom. Roambee is led by Sanjay Sharma.