IoT platform Afero gains $20.3 million in Series A funding
IoT platform provider Afero has raised $20.3 million (£14m) in a series A round of investment led by Samsung Catalyst Fund. Other investors in the round include the SoftBank Group, Fenox Venture Capital, Presidio Ventures, Sanshin Electronics, Robert Dobkin and Assembly Partners.
The Afero platform, as previously covered by this publication when it launched in December, is...
First IoT platform on OGC SensorThings API released
SensorUp has rolled out what is claimed to be the first IoT platform based on Open Geospatial Consortium SensorThings API, allowing IoT companies and developers to formulate standards-compliant IoT products and services.
Standards-compliance is a key feature in the IoT as it ensures exchange of data between disparate sensors. There are several use cases that benefit from such integration. For instance, a fitness band can be connected to a calorie intake app while municipalities located...
Cypress to acquire Broadcom's IoT operations for $550m
Picture credit: Broadcom
Cypress Semiconductor has announced the acquisition of Broadcom’s IoT business unit for $550 million (£376m) in cash.
The IoT arm of the network and semiconductor provider employs close to 430 people globally and brought in $189m in revenue during the past 12 months. As part of the agreement, Cypress will acquire Broadcom's Wi-Fi, Bluetooth and ZigBee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.
The transaction, which...
PTC updates ThingWorx IoT platform
(Image Credit: iStockPhoto/Pinkypills)
PTC has updated its ThingWorx IoT platform which includes easier developer tools, new clouds and services, and an increase in the number of connected devices and analytics. Customers will have their choice of a public cloud service, with Amazon Web Services (AWS) being the first approved service. Providing control to the developer allows PTC to be friendlier to third-party...
IoT popularity mirrored by increase in engineering course admissions
New figures from iD Tech have shown a 46% increase in enrolment of its electrical engineering courses for young people, with the education provider arguing it mirrors the rise of the Internet of Things (IoT).
The IoT market is on the rise as witnessed in wearables, with the segment growing 223% in 2015, according to best-selling author, Bernard Marr. Shipments of Apple watches and Fitbits totalled 3.6 million units and 4.4 million units, respectively.
iD Tech students learn...
Is the term IoT going to fall away by 2020? Yeti thinks so
The term ‘Internet of Things’ will die out by 2020 as the technology becomes so ubiquitous, according to a new whitepaper from product development and design studio Yeti.
The paper, titled ‘Living, Learning and Working in 2020 with the Internet of Things’, examines how the IoT is affecting five spheres of life and how products in development will take people to the next standard of technology-based living.
The IoT is set to impact five major areas of...
CloudOne secures $9 million series E funding for growth in IoT development
CloudOne, a company which provides cloud-based enterprise applications and IoT solutions, closed its Series E venture funding round with $9 million making a total of $21.9m in total investment.
Plymouth Ventures led the funding round, with Hercules Technology Growth Capital as the primary participant. Other existing investors participated in the round, including Elevate Ventures, Chatham Ventures, Ryan Diem and Bootstrap Venture Fund.
The investment will go towards...
Securing IoT: Taking the pulse of the network
(Image Credit: iStockPhoto/George Manga)
Manufacturers and developers from a diverse range of industries are already developing and integrating IoT devices into their products, and in the process are creating new and compelling services and business models. From connected cars and smart homes, to connected ‘wearables’ such as Fitbit and Jawbone, the IoT has already established itself.
Verizon report asserts 2016 is the year IoT goes mainstream
The enterprise is beginning to eclipse the consumer space for investment in IoT startups, according to the latest research from Verizon.
In the company’s latest State of the Market report, which collates usage data, interviews with Verizon customers and research from Oxford Economics, the telco argues enterprise IoT investment outstripped the consumer side by 75% in 2015; a major difference when compared to the previous year. The report also asserts that IoT will ease regulatory...