The Week in Review: IoT

Finance Bestmile, which offers a mobility platform for managing autonomous vehicle fleets, raised $11 million in Series A funding led by Road Ventures SA. Also participating in the round are Partech Ventures, Groupe ADP, Airbus Ventures, Serena Capital, and MobilityFund. The startup, incorporated in 2014, will use the money for worldwide expansion, strengthening its cloud-based mobility platfo... » read more

Investors Back IoT Startups

Internet of Things startups took in more than $1.35 billion from corporate and private investors during the latter half of 2017, for a total of about $2.2 billion in the full year. Chicago-based Uptake Technologies, an Industrial IoT startup, had the biggest haul of the year, with $117 million raised in a Series D round, on top of a $90 million Series C round earlier in 2017, bringing its to... » read more

The Week in Review: IoT

Finance Vectra raised $36 million in Series D funding led by Atlantic Bridge Capital. The Ireland Strategic Investment Fund and Nissho Electronics also participated in this funding round along with returning investors Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures, and Wipro Ventures, bringing Vectra’s total funding to date to $123 million. Vectra will use the... » read more

What Will 2018 Bring To The IoT?

The Internet of Things is widely expected to progress in 2018—especially the Industrial IoT—as industry standards get hashed out and more vendors take cybersecurity seriously. On the home front, many Americans are growing accustomed to artificial intelligence technology from their use of Amazon Echo, Apple HomeKit, and Google Home devices. They’re talking to their remote controls to ch... » read more

The Week in Review: IoT

Market Research International Data Corp. (IDC) forecasts the worldwide Internet of Things market will double from $625.2 billion in 2015 to $1.29 trillion in 2020 for a compound annual growth rate of 15.6%. Aeris collaborated with IDC on its report, which predicts the installed base of IoT endpoints will increase from 12.1 billion at the end of 2015 to more than 30 billion by 2020. Initiati... » read more

The Week in Review: IoT

Finance Mountain View, Calif.-based FogHorn Systems has received Series B funding of $30 million, led by Intel Capital and Saudi Aramco Energy Ventures. The new round brings the Industrial Internet of Things edge computing startup’s total funding to $47.5 million. Honeywell Ventures is a new investor, joining existing investors Darling Ventures, Dell Technologies Capital, GE Ventures, March ... » read more

The Week In Review: IoT

M&A ARM Holdings this week announced the acquisition of two firms, Mistbase and NextG-Com, to help bring narrowband Internet of Things technology to its chip designs. In addition, the company announced the development of ARM Cordio-N radios to reduce the complexity of adopting cellular IoT connectivity. Meanwhile, Blu Wireless Technology of the U.K. reported that ARM made an equity investment ... » read more