Waymo secures $2.25 billion in first external investment

Waymo has announced that it has raised $2.25 billion (£1.75bn) in a fundraising round led by Silver Lake, Canada Pension Plan Investment Board and Mubadala Investment Company. It is Waymo’s first external investment that also included Magna, Andreessen Horowitz and AutoNation, as well as parent firm Alphabet.

Waymo CEO John Krafcik wrote in a company blog: “With this injection of capital and business acumen,...

By IoT News, 03 March 2020, 0 comments. Categories: Connected Vehicles, IoT.

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 make investments in startups...

By IoT News, 02 March 2020, 0 comments. Categories: Data & Analytics, IoT, Smart Cities.

Ezlo Innovation joins Zigbee Alliance amid executive change

Ezlo Innovation, a developer of smart solutions for homes and businesses announced its membership in the Zigbee Alliance as an adopter-level member.

Zigbee Alliance is an organisation of hundreds of firms creating, maintaining, and delivering open, global standards for the Internet of Things (IoT). According to Gartner’s predictions, the IoT market will grow to more than 5.8b endpoints in 2020, with more than 1.53b in...

By IoT News, 02 March 2020, 0 comments. Categories: Development, IoT, Standards.

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 IoT News, 28 February 2020, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Security.

Toyota invests $400m in Pony.ai with latest driverless tech bet

Self-driving vehicle technology provider Pony.ai has secured $400 million (£308.35m) from Toyota, pushing the company’s valuation to more than £2.31bn.

The company is focusing on deepening and expanding its collaboration with Toyota in mobility services. They will further boost their joint efforts in self-driving technology development and mobility service deployment. The latest strengthened partnership...

By IoT News, 26 February 2020, 0 comments. Categories: AI, Connected Vehicles, IoT.

Unlocking your competitive edge: How the oil and gas industry is being transformed

The Internet of Things (IoT) promises businesses of all shapes and sizes better visibility of their estate, whether the owner’s infrastructure is comprised of orchards or oil fields. Indeed, analyst firm Statista stated that 75 billion IoT devices will be installed globally by 2025. The resulting surge in raw data reported back by all these devices, such as thermometers, pressure monitors and security cameras, is set to create...

By Nelson Petracek, 26 February 2020, 0 comments. Categories: Enterprise, IIoT, IoT, Oil & Gas.

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 Sean Beard, 24 February 2020, 0 comments. Categories: Data & Analytics, IoT, Oil & Gas.

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 polled said they...

By IoT News, 21 February 2020, 0 comments. Categories: Data & Analytics, IoT, Security.

Securing IoT applications for the next era of industry: An important challenge – and opportunity

The Internet of Things (IoT) has today become one of the most popular – and probably the most touted – trends across both business and technology. It is set to transform the business landscape as we know it, as we expect there to be some 50 billion internet-connected things by 2030.

These...

By Srinivas Bhattiprolu, 19 February 2020, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Security.

Japan approves bill to accelerate drone and 5G developments

Lawmakers in Japan have approved a bill designed to accelerate the development of drones and 5G networks in the country.

When most people think of Japan, particularly Tokyo, cutting-edge technology will be one of the first things which come to mind. On Tuesday, Japan’s cabinet approved a bill which aims to keep the country at the forefront of innovations.

Companies working on groundbreaking technologies will be able to access low-interest loans from government-approved financial institutions to support...

By Ryan Daws, 18 February 2020, 0 comments. Categories: IoT, Smart Cities.