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


Acquisitions ASSA ABLOY has agreed to acquire August Home, a startup providing home security products; the purchase price wasn’t revealed. August Home, which raised $75 million in private funding, should fit well with the Scandinavian conglomerate’s Yale lock business. The transaction is subject to regulatory approval and customary closing conditions; it is expected to close by the end of ... » read more

The Week In Review: IoT


Finance Samsara, an Industrial Internet of Things startup, raised $40 million in its Series C financing, led by General Catalyst. Andreesen Horowitz, an existing investor, and Samsara’s founders also participated in the funding round, which values the company at $530 million. The supplier of Internet-connected sensors for industrial and transportation applications has raised a total of $80 m... » read more

The Week In Review: IoT


Finance August Home (formerly known as Kease), a San Francisco-based supplier of smart door locks and doorbell cameras, reports raising about $17.7 million from venture capitalists, with plans to lock down just shy of $25 million in private funding. The information was disclosed in a Form D filing with the Securities and Exchange Commission. Protocols Comcast has joined the LoRa Alliance a... » read more

Where Are The IoT Industry Standards?


Are you ready for some Internet of Things standards? Good, because you can help make them. The IoT is proceeding apace as a business, eagerly embraced by such corporate behemoths as Cisco Systems, General Electric, IBM, and Verizon Communications. What’s lacking is the codification of industry standards for the IoT, as many companies have aligned with groups that have competing agendas and... » read more

The Week in Review: IoT


Deals Samsung said Tuesday that it will invest about $1.2 billion in Internet of Things startups in the U.S. over the next four years. Investments will be made through the Samsung Global Innovation Center in Silicon Valley and through other Samsung units. Samsung is partnering with Intel to establish the National IoT Strategy Initiative, which will take in academic and industry members and wil... » read more

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