Altair Semiconductor partners with Check Point for IoT security
Altair Semiconductor has partnered with Check Point Software Technologies to co-develop a comprehensive security solution for IoT devices.
The partnership will allow routing traffic of Altair-enabled IoT devices through Check Point’s Capsule Cloud solution that will screen all the data, preventing any threats before they reach the devices. The enhanced security achieved through routing Altair’s 1160 CAT-1 chipsets through Check Point’s Capsule Cloud includes advanced...
IoT platform startup Particle announces $10.4m series A funding
San Francisco-based IoT platform provider Particle has announced the completion of a $10.4 million (£8.4m) funding round, vowing to cut through the hype surrounding the technology.
The company takes its total funding to $14.6m from two rounds, with only O’Reilly AlphaTech Ventures remaining from the lead investors previously. For the latest series A, the round was led by O’Reilly, Root Ventures, and Rincon Venture Partners. The company also launched with a Kickstarter...
Verizon acquires LQD WiFi to “redefine the urban space”
Verizon has acquired New York-based private firm LQD WiFi for an undisclosed amount.
LQD WiFi provides street-smart kiosks, called Palo unified technology hubs, which provide essential information like local community information, wayfinding, public safety announcements, transit updates, and upcoming events to citizens on the street. Palo also provides free public wi-fi, security cameras, emergency calling, and area lighting which further add value to communities.
GE Digital acquires ServiceMax for $915m in Industrial Internet play
GE Digital has announced the acquisition of cloud-based field service management provider ServiceMax for $915 million (£736.6m) in order to enhance its Industrial Internet capabilities.
GE estimates that there is a market-wide opportunity to improve service productivity by USD 25 billion through the use of analytical tools. And by acquiring ServiceMax, it plans to add analytics and insights into the ServiceMax logistics, workforce optimisation and deployment models. It is also...
Half of technology professionals fear automation taking their jobs
Almost half (45%) of technology professionals surveyed by Harvey Nash fear a ‘significant’ part of their jobs will be automated within 10 years making their skills redundant.
The study, which polled more than 3,200 technology professionals from 84 countries, carries something of a pessimistic tone throughout. 94% of respondents say their career would be ‘severely limited’ if they do not teach themselves new technical skills, while self-learning was cited more...
Sigfox claims to develop world’s first ultra-low cost IoT communication modules
Sigfox, a provider of global communication solution powering the IoT, with its ecosystem of partners, have produced what is claimed to be the first ultra-low cost IoT communication modules.
These modules significantly reduce the cost barrier, with modules up to twenty times cheaper than LTE cellular modules and five times cheaper than the closest competing technologies. In order to lower the cost barrier, Sigfox and its partners optimised every feature of the design and...
‘First of kind’ industrial insurance launched for IoT infrastructure investments
Relayr, an IoT end-to-end development solutions developer, has partnered with specialty insurer Hartford Steam Boiler (HSB), a part of Munich Re, to develop new insurance products for IoT investments.
This new breed of 'IoT-enabled' insurance products aims to help protect the financial investments of companies in the Internet of Things.
Relayr co-founder Josef Brunner believes that the HSB collaboration will change the IoT landscape. “People have long talked about the...
Eurosmart calls for European cybersecurity enforcement framework
Brussels-based international digital security association Eurosmart is asking for a European cybersecurity enforcement framework, along with the promotion of a European Internet of Things (IoT) trust label and security certification. The organisation advocates a cybersecurity trust label or security certificate for every IoT provider that not only covers data, but also the network used by IoT providers.
Eurosmart has also established a new body called the ‘IoT Security...
Qualcomm to acquire NXP Semiconductors for $47 billion
Qualcomm has announced its intent to acquire Dutch semiconductor provider NXP for a total value of $47 billion (£38.4bn).
The merger is expected to have annual revenues of more than $30bn, serviceable addressable markets of $138bn in 2020 and leadership positions across mobile, automotive, IoT, security, RF and networking.
Qualcomm says the transaction utilises its strong balance sheet and will be efficiently financed with offshore cash and new debt. The transaction structure...