Helm.ai raises $13 million in seed funding to boost driverless car AI

Helm.ai, a California-based scalable AI for autonomous vehicles, has raised $13 million in a recently held seed funding round led by A.Capital Ventures, Amplo, Binnacle Partners, Sound Ventures, Fontinalis Partners and SV Angel, including others.

The company will be using the raised funds to further advance its engineering and R&D capabilities, hiring more employees, and making new deals with customers. Unlike other organisations, which focuses on developing hardware for...

By | 27 March 2020 | AI

IDC warns of significant shrinkage to semiconductor market with Covid-19 pandemic

IDC has offered a gloomy analysis of the semiconductor market amid the Covid-19 pandemic, suggesting significant shrinkage compared with the earlier expected minor overall growth.

In its latest report, titled Impact of COVID-19 on the Worldwide Semiconductor Market Forecast, IDC notes that despite the disruption, to human life as well as the international technology supply chain, the report states that...

By | 24 March 2020 | Data & Analytics

Microsoft and Cisco team up to integrate cloud and IoT platforms

Microsoft has announced a partnership with Cisco to integrate its Azure cloud with Cisco’s IoT platform in order to create the Cisco Edge to Microsoft Azure IoT Hub, a solution that will enable seamless connectivity and streamlined edge data flow into Azure IoT.

As per a Microsoft blog post by Tony Shakib, IoT business acceleration leader at Microsoft Azure, the integration “provides the...

By | 10 March 2020 | Data & Analytics

Märt Kroodo, CEO, 1oT: On using eSIM technology to solve IoT connectivity – and where telcos stand

For the Internet of Things (IoT), the vast majority of hype which gets bandied about is with regards to the sheer number of devices being connected. An article from McKinsey put this number at 127 new devices every second. Yet peel back the first layer of the onion and you get to the connectivity aspect itself, vital in its own right.

Meet 1oT. The company, a provider of cellular connectivity for IoT...

By | 4 March 2020 | Data & Analytics

The medical IoT market is to reach $158bn – driving demand for data analytics solutions

A recently released report from Business Insider predicts that the Internet of Medical Things (IoMT) market is expected to grow to an estimated $158 billion in the year 2022. This estimate represents a massive leap from the $41 billion valuation that was reported in 2017.

The report follows up on previous research that was published by Business Insider back in June of 2019, when analysts estimated that...

By | 4 March 2020 | Data & Analytics

SparkLabs launches Connex IoT and smart city accelerator

SparkLabs Group has announced the launch of Connex, a latest startup accelerator focusing on IoT, smart cities and proptech.

According to the company, the accelerator is based on SparkLabs’ proven model and will leverage its presence in key innovation ecosystems, including Silicon Valley, Seoul, Shenzhen, Taipei and Singapore.

The new accelerator will...

By | 2 March 2020 | Data & Analytics

Zscaler report explores shadow IoT security threat across industries

You've heard of shadow IT - but what about shadow IoT? A new report from cloud security provider Zscaler has explored the proliferation of bringing greater numbers of unauthorised devices into the enterprise - with potentially serious consequences.

Zscaler's second annual Internet of Things (IoT) report, titled “IoT Devices in the Enterprise 2020: Shadow IoT Threat Emerges”, has found more than one billion IoT transactions every month in its cloud - a 1500%...

By | 28 February 2020 | Data & Analytics

Opinion: Data isn’t the new oil – with IoT, it will be much bigger

In tech circles, data becoming the world’s most valuable resource is a common refrain. Some even say it’s the new oil. And as with oil, the world’s economy is starting to pivot around the wealth and potential data promises.

In the context of the Internet of Things, however, data starts to paint a different picture — a much bigger picture. Whereas oil is a...

By | 24 February 2020 | Data & Analytics

Seven in 10 companies know of hacks against their IoT devices, research finds

The IoT is barreling towards the enterprise – but companies remain highly vulnerable to IoT-based attacks, according to a new report.

The study from Extreme Networks, which polled 540 IT professionals across industries in the North America, Europe and Asia Pacific regions, found that 70% of companies who said they employed IoT devices were fully aware of successful or attempted hacks. 84% of those...

By | 21 February 2020 | Data & Analytics

Semios secures $75 million in funding to expand IoT network for agriculture

Semios, a Canada-based precision farming platform for permanent crops announced that it has raised $75 million (£57.65m) in private equity funding to boost the development of its data-driven crop management solution.

To date, the company has secured a total of £88.4m in external capital. The funding was led by Morningside Group, a Boston-based private equity and venture capital firm. Semios...

By | 19 February 2020 | Connected Vehicles