HiveMQ GmbH Due Diligence

Run due diligence on HiveMQ GmbH: check compliance and get alerts when suppliers change.

Germany · www.hivemq.com · 17 vendors

HiveMQ GmbH is an industrial data platform that provides real-time data streaming for IoT and industrial AI applications. It leverages the MQTT protocol to connect, contextualize, and analyze operational data from edge to cloud, enabling enterprises to achieve intelligent operations. The platform is designed for reliability, scalability, and security, serving critical use cases across various industries.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 17 sub-vendors.

Insights

Last updated 2026-06-11 · revision 2

17 direct vendors, 179 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

4 in-scope frameworks identified; showing 3.

ISO 27001 (source) — Evidence found

Evidence: https://www.hivemq.com/solutions/technology/hivemq-security, https://www.hivemq.com/news/hivemq-Achieves-iso-iec-certification

NIS2 (source) — No public evidence

Evidence: https://www.hivemq.com, https://www.hivemq.com/solutions/technology/hivemq-security

SOC 2 (source) — Evidence found

Evidence: https://www.hivemq.com/solutions/technology/hivemq-security, https://www.hivemq.com/blog/hivemq-achieves-soc-2-type-2-compliance-data-security

Financials

Three-year financials

Financial Resilience Score: 6/10

HiveMQ GmbH demonstrates qualitative strengths typical of a late-stage VC-backed enterprise SaaS company with a strong blue-chip customer base across automotive (BMW, Mercedes-Benz, Audi, Ford), pharma (Eli Lilly), CPG (Unilever), and utilities (FPL). Its MQTT broker technology is embedded in mission-critical production data pipelines, creating high switching costs and stickiness. The company has secured backing from reputable investors including Molten Ventures, Earlybird, Senovo, and Mubadala Capital, with a ~US$42M Series A in 2021 providing growth runway. However, financial transparency is limited as HiveMQ is a private German GmbH that files only abbreviated statutory accounts at the Bundesanzeiger, typically without P&L disclosure. Revenue, EBIT, and equity figures are not available in free public sources. As a VC-funded SaaS company likely investing aggressively in S&M and R&D, it is probably operating at a loss funded by equity capital. Competitive pressure from open-source alternatives (Eclipse Mosquitto, EMQX, VerneMQ) and hyperscaler IoT services (AWS IoT Core, Azure IoT Hub, Google Cloud Pub/Sub) presents ongoing risk. Customer concentration in the automotive vertical and the recent strategic pivot to 'Industrial AI Platform' (Oct 2025) introduce execution risk. Overall resilience is moderate, supported by strong customers and VC backing but constrained by opacity and typical scale-up cash-burn dynamics.

Key strengths: Blue-chip enterprise customer base (BMW, Mercedes-Benz, Audi, Ford, Eli Lilly, Unilever, FPL), Mission-critical technology with high switching costs (e.g., FPL streaming 140B data points/day), Strong VC backing from Molten Ventures, Earlybird, Senovo, and Mubadala Capital, ~US$42M Series A funding round in 2021, Product breadth expansion (Edge 2023, Data Hub 2023, Pulse 2025), Compliance certifications (SOC 2 Type II in 2024, ISO/IEC in 2023) supporting enterprise sales

Risk factors: Private VC-funded SaaS likely operating at a loss with cash burn risk, Competition from open-source alternatives (Eclipse Mosquitto, EMQX, VerneMQ), Competition from hyperscaler IoT services (AWS IoT Core, Azure IoT Hub, Google Cloud Pub/Sub), Customer concentration risk in automotive vertical, Execution risk on October 2025 strategic pivot to 'Industrial AI Platform', Limited financial transparency as a private GmbH with abbreviated filings

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