Shlomi Hagai joins KONUX as new CFO

KONUX CEO Andreas Loy said: “I’m very happy to welcome Shlomi on board. His skill set aligns completely with our strategic direction. I am extremely optimistic about how Shlomi will contribute to our ongoing success, advancing our financial frameworks and supporting our dynamic growth objectives.“

Dr. Klaus Kleinfeld, Chairman of the Board and investor, stated, „KONUX has grown remarkably in recent months. The company’s solutions have proven to enhance the performance, efficiency, reliability, and punctuality of our customers, the large railway systems operators worldwide. In this crucial phase of our journey, it is imperative to further build out our team. Shlomi Hagai brings extensive experience in the financial sector and his background as an operational leader are a perfect addition to the leadership team.“

Dr. Greg Papadoupolus, Venture Partner at NEA, one of Silicon Valley’s premier venture capital firms and KONUX’s largest shareholder, said: „Financial acumen is critical for our next stage. Shlomi has a proven track record of guiding companies through transformative stages, making him an excellent fit for KONUX as we expand our market reach and operational capabilities.“

In 2020 KONUX was the first start up to win a public tender for a predictive maintenance solution with DB Netz AG. Having verified the effectiveness of the KONUX predictive maintenance system in real life operations, in July 2023, the German infrastructure company announced its plans to equip additional 3,500 switches and crossings with KONUX Switch (4150 in total) in an effort to improve the availability of its high traffic network. Simultaneously, KONUX has accelerated its international expansion, achieving product acceptance in the United Kingdom and Spain, while also commencing new pilots in the Netherland and Italy.

About KONUX

KONUX is a leading German AI scale-up, transforming railway operations for a sustainable future. The company
combines Machine Learning and IIoT to deliver Software-as-a-Service (SaaS) solutions for operation, monitoring,
and maintenance process automation. KONUX increases capacity, reliability, and cost-efficiency to make railway
the mobility choice of tomorrow. Since its foundation in 2014, KONUX has raised more than $130 million from
world-leading investors, expanded to several countries in Europe and Asia, and was selected by the World
Economic Forum (WEF) as one of the world’s 30 most innovative start-ups and scale-ups worldwide.

Media contact KONUX

Dr. Hans Juergen Croissant

Company Spokesperson

Tel.: +49 163 7013035

Email: [email protected]

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