October Startup Funding: IoT, Security, Auto


Billions were raised in October for Internet of Things, cybersecurity, automotive electronics, and related technology startups. Automotive October fundings rolled in on the automotive side for Israel’s VayaVision ($8 million) and South Korea-based SOS LAB ($6 million Series A), which are developing products for autonomous vehicles. Silicon Mobility ($10 million Series B), a French startup... » read more

The Week in Review: IoT


Finance SenseTime of Beijing, China, received $620 million in Series C+ funding, valuing the company at more than $4.5 billion. Alibaba Group led the new funding, as it did with last month’s Series C round of $600 million. Qualcomm, an existing investor, participated in the latest round, along with new investors Fidelity International, Hopu Capital, Silver Lake Partners, and Tiger Global. Se... » read more

The Week in Review: IoT


Finance Toronto-based Ecobee, which markets smart thermostats, raised $61 million in its Series C funding, bringing the total funding for the 11-year-old company to $146 million. Energy Impact Partners led the new round and was joined by Amazon’s Alexa Fund, Relay Ventures, and Thomvest. Ecobee counts Nest Labs, the Google subsidiary, as its chief rival. ThoughtWire, also headquartered in... » read more