Losant secures $5.2 million in Series A financing to meet surging IoT solutions demand

Losant, a US-based startup that helps enterprises build IoT solutions, prepares itself to meet the surging demand for next generation connected solutions by securing a sum of $5.2 million in a Series A financing round.

Securing the amount, Charlie Key, CEO of Losant, said: “We’re excited to see our platform power intelligent solutions across a gamut of industries and use-cases. Our customers are pushing new boundaries in industrial equipment monitoring, asset tracking, smart buildings, and more....

By IoT News, 20 February 2018, 0 comments. Categories: Enterprise, IoT.

IoT by name or nature? Delivering experience over appearance

The last few years have seen a whole raft of IoT vanity projects, where connectivity for connectivity’s sake was the order of the day. Everything from connected loo-roll holders that warned when paper levels were low (if only there was a pre-existing, simpler way), to flip flops that had IoT capability crammed in and called ‘smart shoes’.

The practical use of these types of products being next to zero,...

By Tim Cox, 16 February 2018, 0 comments. Categories: Development, IoT.

Live, die, repeat: The security shortcuts endangering IoT device adoption

IoT devices are repeatedly exhibiting the same flaws creating a massive vulnerable attack surface which will inevitably lead to more major attacks. We’ve already seen DDoS attacks increase 91 percent over the course of 2017 due to vulnerable deployed devices, yet estimates suggest only 9 percent of IoT vendor budgets are spent on security. This pitiful investment is leading to shortcuts and a ‘live, die, repeat’ attitude to development that...

By Andrew Tierney, 15 February 2018, 1 comment. Categories: IoT, Security, Standards.

Sigfox posts €50 million in revenue, reiterates plans for 60 country connectivity in 2018

Sigfox, the French-based Internet of Things (IoT) connectivity provider, has announced its 2017 results and 2018 roadmap, promising a network of 60 countries and more than a billion people worldwide.

Revenues went up to €50 million (£44.4m), a rise of more than 56% year over year, according to the company, while the total number of objects connected to the Sigfox network rose by 65% to a total of 2.5 million. Alongside this, the company’s network grew to 45 countries earlier this month,...

By James Bourne, 14 February 2018, 0 comments. Categories: Data & Analytics, IoT.

IoT identity and management revenues to hit $21.5bn by 2022, says ABI Research

ABI Research projects that revenues from IoT identity and management are heading to hit the $21.5 billion benchmark by 2022, driven by IoT platform services together with security, cryptography, digital certificate management and data exchange services.

According to predictions put forward by the advisory firm in its report “​Thing Identity and Management Services”, IDoT (Identity of Things) services will realise robust growth over the next five years driven primarily by the industrial,...

By IoT News, 12 February 2018, 0 comments. Categories: Development, Enterprise, IoT.

Google assimilates Nest once more

Saying goodbye must have been too hard for Google as the company is bringing Nest back under its roof.

Nest was co-founded by former Apple engineers in 2010. Google bought the young startup, whose innovative thermostat became one of the first successful smart home devices, for $3.2 billion (£2.3bn) back in 2014.

Following a major restructuring — when...

By Ryan Daws, 09 February 2018, 0 comments. Categories: IoT, Smart Homes.

SEAT and Orange partner on development and use of connected vehicles

SEAT and Orange Spain have entered into a strategic partnership to promote the development and use of connect vehicles by focussing on several work areas.

As part of the deal, the companies will focus on three primary areas: formulation of innovations for connected vehicles to enhance user experience; turn the car into the user’s second digital home by bringing digital home or office experience to the vehicle and launch a cross-company loyalty and frequent use programme to promote use of the new...

By IoT News, 09 February 2018, 0 comments. Categories: Connected Cars, IoT.

Elon Musk makes case for eschewing LIDAR as Tesla reports latest results

Elon Musk has said that LIDAR is a ‘crutch’ and affirmed that Tesla will not be planning to use the system going forward.

LIDAR, which stands for ‘light detection and ranging’, helps measure distance to a target by illuminating the target with pulsed laser light, and measuring the reflected pulses. While other companies are using the technology – it is a part of the alleged claims in the current Uber versus Waymo court case, for instance – Tesla will continue to only use...

By James Bourne, 08 February 2018, 0 comments. Categories: Connected Cars, IoT.

Mozilla updates its Project Things open source IoT gateway

Mozilla has issued an update to its Project Things open source decentralised IoT gateway first announced back in July.

The main part of Project Things is the Linux-based ‘Things Gateway’ software which enables a Raspberry Pi to be set up as a home automation gateway. In the latest version (0.3) of the software — a new rules engine, improved voice support, and a tutorial has been added to help newbies get started.

Other major new features include:

  • Microphone support for issuing voice...

By Ryan Daws, 07 February 2018, 0 comments. Categories: IoT, Smart Homes.