Saturday, March 2

Tag: Internet of Things

IoT Market in China is Witnessing Rapid Growth
CHINA

IoT Market in China is Witnessing Rapid Growth

The internet of things (IoT) market in China reached more than 1 trillion yuan ($146 billion) last year, and is expected to maintain rapid growth in the next few years. In China, IoT has enjoyed a compound annual growth of more than 25 percent from 2009 to 2017, and the IoT cloud platform has become the key to ignite competition in the field. IoT basically refers to the connection of various electronic devices to the internet via technologies such as wireless sensor networks. A report known as the Annual IoT Industry Development Report of China stated that the nation's IoT market will hit 1.5 trillion yuan by the end of this year. "Fueled by the government's supportive policies, forward-thinking domestic internet and tech titans, the country's IoT sector has actually entered a new stag...
Green Tech Startup Raises $1.5 Million From Accel Partners
FUNDING

Green Tech Startup Raises $1.5 Million From Accel Partners

Green Tech Startup Facilio raised a funding round of around $1.5 million from Accel Partners. Founded in March 2017 by former Zoho Executives Prabhu Ramachandra, Rajavel Subramanian and Yogendra Babu, the firm runs facilities on autopilot from maintenance to sustainability; meaning that it manages to build operations in real time across a collection of buildings through an integrated facilities management software that makes use of IoT and machine learning. They combine the flexibility facility managers that technicians want with the receptiveness and experience occupants need. By turning an agglomeration of data from different streams into one dashboard, they are able to draw useful interpretations from the data. “Our product is for companies that own and operate multiple buildings. 2...
IoT And SaaS Startup TempoGo Raises Fresh Funding
FUNDING

IoT And SaaS Startup TempoGo Raises Fresh Funding

IoT (Internet of Things) and SaaS (Software as a Service) startup TempoGo has recently raised a funding of $250K from Javelin Startup-O Victory Fund. TempoGo also raised an additional funding from Dubai based NB Ventures, a $50 million fund whose Indian investments include logistics startup LetsTransport and fitness app HealthifyMe. This round makes the total funding raised to $1.35 million. TempoGo raised the funding after winning an international startup competition held by Singapore based investment platform Startup-O. Earlier this year, Carryage Technologies Pvt. Ltd, which runs TempoGO, had raised Rs 5.6 crore ($825,000 then) led by Hong Kong-based K2 Investments. The round also saw participation from other investment bankers. “TempoGO has been revenue-positive since incepti...
Samsung To Start Building IoT Products On A Mass Scale
News

Samsung To Start Building IoT Products On A Mass Scale

South Korean technology major Samsung plans to mass-produce IoT-enabled products in the consumer durable space over the next two to three years. It is expected that this high-end, cloud-based networked technology will become more affordable for developing markets and emerging economies. IoT stands for Internet of Things. Samsung, which recently launched its first IoT-enabled washing machine in India, plans to introduce more connected appliances that can be controlled via devices such as smartphones. Asked about the timeframe, Patrick Chomet, Executive Vice President of Samsung Electronics (Mobile Communications Business Product and Innovation Team), said: "Over the next 2-3 years, the company would start mass-producing IoT-based devices ... I would expect that (IoT connecti...