McRock Capital secures $100 million funding focusing on Industrial IoT use cases

McRock Capital has successfully raised $100 million (£80m) for its second fund focused on the Industrial Internet of Things (IIoT).

The new fund, McRock Fund II LP, has support from investors like Cisco Investments, Shell and other significant corporate and institutional investors including BDC Capital, Export Development Canada, Alberta Enterprise Corporation, and HarbourVest.

By IoT News, 16 September 2019, 0 comments. Categories: Enterprise, IIoT, IoT.

Healthcare IoT requires stronger security strategies against cyberattacks, says Irdeto Research

Healthcare providers are more vulnerable to cyberattacks – and according to a new report, they need to ensure IoT security strategies are robust enough to ensure the future of care.

The study, from Netherlands-based software firm Irdeto, polled 232 healthcare security decision makers and suggested these care providers should make sure to strengthen their IoT security strategies to safeguard patients’ safety. 82% of...

By IoT News, 03 September 2019, 0 comments. Categories: Enterprise, Healthcare, IoT, Security.

Gartner forecasts explosion in enterprise and automotive IoT endpoint usage

Gartner has predicted that the enterprise and automotive IoT market will grow to 4.8 billion endpoints by the end of 2019 – and 5.8bn endpoints in 2020. The current year forecast is 21.5% rise on a year-on-year basis, whereas the next year projection is a 21% year-on-year increase, compared to the present year.

The utility sector will be the highest user of IoT endpoints, as it will total to 1.17bn endpoints in 2019 and...

By IoT News, 02 September 2019, 0 comments. Categories: Connected Cars, Enterprise, IoT.

Future cities under risk of cyberattacks due to insufficient security investment, ABI Research warns

Analyst firm ABI Research has sounded out a pessimistic tone in its latest research report, arguing certain industries will be ‘woefully underfunded and incredibly vulnerable to cyberattacks’ as the IoT ecosystem grows.

The company’s latest smart city cybersecurity application analysis report argues that the financial, information and communication technologies, and defence industries will account for 56% of...

By IoT News, 21 August 2019, 0 comments. Categories: Enterprise, IoT, Security, Smart Cities.

Nordic enterprises see 5G services playing key role in IoT proliferation

A new report from Information Services Group (ISG) suggests that enterprises in the Nordic region consider the deployment of 5G mobile services as a catalyst for the proliferation of IoT solutions.

The report, titled ‘2019 ISG Provider Lens IoT Transformational Services, Technology, Solutions, Platforms, and Industries Report for the Nordics’, sees the IoT trend advancing in the Nordic nations as it is being set...

By IoT News, 19 August 2019, 0 comments. Categories: Enterprise, IIoT, Manufacturing.

Safety improvements becoming key to measuring IoT project success, says IDC

While the vast majority of organisations have a budget allocated towards IoT projects, organisations are struggling with skills issues and infrastructure readiness, according to IDC.

In its latest seventh annual survey report, titled Global IoT Decision Maker Survey, the analyst firm examined the latest investment trends in the IoT, along with the opportunities and challenges facing IoT buyers across the world. For this...

By IoT News, 13 August 2019, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

Arrow Electronics teams up with IBM and National Instruments for predictive maintenance suite

Arrow Electronics has announced that it is teaming up with IBM and National Instruments in order to offer a predictive maintenance suite that enables data-driven operations in oil and gas plants, factories, mines and other rugged environments.

With the integration of National Instruments’ advanced industrial monitoring devices with IBM’s analytics/AI and asset management software, the new Wireless Industrial Asset...

By IoT News, 09 August 2019, 0 comments. Categories: Enterprise, IIoT, IoT.

Balena raises $14.4m in series B funding to help bring the edge to developers

Washington-based software firm Balena has raised $14.4m (£11.52m) in its latest series B investment round led by OpenView, along with existing investors, such as Threshold Ventures, Aspect Ventures, and GE Ventures.

Balena, which was earlier known as resin.io, focuses on unlocking the potential of physical computing by removing friction for IoT fleet owners. The company’s full-stack platform provides a comprehensive, end-to-end solution that makes it easier for developers to build...

By IoT News, 25 July 2019, 0 comments. Categories: Data & Analytics, Enterprise, IoT.

IBM X-Force: Mirai is increasingly targeting enterprise IoT devices

Researchers from IBM X-Force have found variants of the infamous IoT botnet Mirai are increasingly targeting enterprise devices.

Mirai caused havoc in 2016 when it was used to flood DNS provider Dyn with unprecedented amounts of traffic. Dyn’s downtime impacted some of the world’s most popular services including Twitter, Spotify, PlayStation Network, GitHub, Netflix, and Soundcloud.

There are more than 60 known variants of Mirai. Typically, these variants have sought to infect easily hackable...

By Ryan Daws, 19 July 2019, 0 comments. Categories: Enterprise, Healthcare, IIoT, IoT, Manufacturing, Security.