The Week in Review: IoT

Finance
Hysolate, an endpoint cybersecurity startup, came out of stealth mode this week to announce receiving $8 million in private funding from Team8 and Innovation Endeavors. The Israeli company, which has an office in New York City, was founded by Tal Zamir and Dan Dinnar. Hysolate touts its hybrid endpoint architecture, which enables multiple operating systems to run side-by-side on a workstation, through virtual air-gap technology. The company is already working with big banks, providers of financial services, technology vendors, and other enterprises.

Sunnyvale, Calif.-based Shoof Technologies has raised $4.3 million in seed funding from Kleiner Perkins and Modiva Japan. The startup is developing wireless technology for the Industrial Internet of Things, with an initial focus on manufacturing and transportation. Shoof plans to start product trials with manufacturing and logistics customers in the near future.

M&A
NXP Semiconductors automatically extended the end date for its proposed transaction with Qualcomm to April 25, 2018. Qualcomm has obtained antitrust clearance from all regulators, except for China, to go forward with its acquisition of NXP.

Digi International has acquired Accelerated Concepts, a provider of enterprise-grade, cellular (LTE), and secure networking equipment for primary and backup connectivity applications, for about $17 million in cash, with potential earn-out consideration for top-line performance. Tampa, Fla.-based Accelerated supplies secure LTE routers and network appliances, along with its AcceleratedView device management software.

Deals
Sequans Communications is working with SoftBank Corp. on deployment of LTE-M and narrowband Internet of Things technologies in Japan. The companies are conducting interoperability testing of Sequans’ Monarch LTE-M/NB-IoT platform with SoftBank’s mobile network equipment and developing a dedicated implementation of lightweight machine-to-machine technology to streamline device-level testing for IoT devices.

Standards
SecureRF reports that its Walnut Digital Signature Algorithm was accepted by the National Institute of Standards and Technology for evaluation in NIST’s post-quantum standardization project. NIST will take three to five years to identify quantum-resistant security methods to address future risks with quantum computing.

Market Research
Juniper Research forecasts cellular M2M connections will hit 1.3 billion by 2022, a 220% increase from 400 million connections last year. Emerging cellular networks, including 5G, LTE-M, and NB-IoT, will account for nearly 10% of all cellular M2M connections by 2022, Juniper estimates. Among applications for cellular M2M connections, smart cities will have a compound annual growth rate of 66%, while agriculture will post a CAGR of 37% and smart meters will enjoy a CAGR of 34% over the next four years. Juniper’s new report is available here, and a free whitepaper can be found here.

Analysis
This analysis looks at developments in the Internet of Medical Things. Allied Market Research forecasts the worldwide IoT health care market will be worth $136.8 billion a year by 2021.