The Week in Review: IoT

Finance San Francisco-based Aquabyte has raised $3.5 million in seed funding led by Costanoa Ventures and New Enterprise Associates. Princeton University and strategic investors in the U.S. and Norway also participated in the round. The startup is using computer vision and machine learning to optimize efficiency in fish farming. Aquabyte is first deploying its technology in Norway in cooperati... » read more

The Week in Review: IoT

Products/Services NXP Semiconductors is partnering with Alibaba Cloud, the cloud computing business unit of Alibaba Group, to develop secure smart devices for edge computing. The companies will also work together on Internet of Things offerings. AliOS, the Alibaba IoT operating system, has been integrated with NXP’s application processors, microcontrollers, and Layerscape multicore processor... » read more

The Week In Review: IoT

M&A TDK has agreed to acquire InvenSense for $13 a share, representing a total of $1.3 billion in cash. The transaction must be approved by InvenSense shareholders and regulatory agencies; TDK expects to wrap up the deal in the second quarter of its fiscal year ending in March of 2018 (the third quarter of the calendar year). Apple accounted for 40% of InvenSense’s revenue for the fiscal... » read more

Siemens To Buy Mentor For $4.5B

By Ed Sperling & Jeff Dorsch Siemens announced today that it has reached a deal to buy Mentor Graphics for $4.5 billion in cash. The move, if approved by regulators, would greatly expand Siemens' capabilities in multi-physics design and embedded software for everything from semiconductors to automotive wiring harnesses. The transaction is expected to close in the second quarter of 2017. Sie... » read more