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The Week in Review: IoT


Finance BroadLink has raised $54.4 million in Series D funding from Citic Private Equity Funds Management. Baidu and Libai Group participated in the new round. BroadLink will use the money to expand its artificial intelligence and Internet of Things units, while also acquiring or investing in companies involved in smart home devices. Aperio Systems of Haifa, Israel, has received $4.5 millio... » read more

The Week In Review: IoT


Finance NXP Semiconductors reported its Secure Connected Devices group posted revenue of $569 million in the fourth quarter, a gain of 10% from a year earlier. NXP CEO Richard Clemmer said in a statement, “All major product lines contributed to a seasonally solid quarter.” The chip company reported Q4 revenue of $2.44 billion and 2016 revenue of nearly $9.5 billion. Consortia Bosch, C... » read more

The Week In Review: IoT


Security Last month’s distributed denial-of-service cyberattacks have put the spotlight on poorly secured or insecure Internet of Things devices. "The harsh reality is that cybersecurity is not even on the radar of many manufacturers," said Trent Telford, CEO of Covata, an Internet security firm. "Security will eventually become more of a priority, but it may well be too late for this genera... » read more