Sunday, July 14

Tag: IOT

5 Ways IoT Technology Is Revolutionizing Supply Chain Management
Tech

5 Ways IoT Technology Is Revolutionizing Supply Chain Management

The Internet of Things (IoT) is a fast-growing network of gadgets and devices that can connect to the internet wirelessly.  These devices are already changing daily life in ways both obvious and more subtle. Plenty of people already have their homes full of IoT devices smart lights, wireless security cameras, smart home devices, smart thermostats, and so forth but the real innovations are happening in the industry. Shipping, logistics, and supply chain management are already feeling the benefits of implementing IoT to track shipments, pinpoint the causes of shipping damage, and prevent damage to cargo. In everything from tracking delivery speed to monitoring conditions during shipping and storing, streamlining warehousing, and more, IoT tech is changing the way supply chains are manage...
Water Management startup WEGoT raises USD 2 mn seed funding
FUNDING

Water Management startup WEGoT raises USD 2 mn seed funding

An integrated water management solutions startup WEGoT has raised USD 2 million (about Rs 14.2 crore) in seed funding led by GoFrugal, Shyam Shekar from iThought, and Brigade Enterprises Ltd. Other leading investors Vibhu Natarajan (Director at Grotech Landscapes), Rajagopal S from Entrust, Joydeep Ponugoti (Manbhum Constructions) and Promod Kumar also participated in this round. "This capital infusion will be used predominantly to strengthen its Internet of Things (IoT)-enabled product portfolio, scale its presence in India. The company also plans to invest in recruitment and hopes to double its employee base in the next 6-months for R&D, and sales and marketing," it added. The solution is subscription-based, wherein the company gives the product free and users pay a monthly...
Pune based IoT platform Altizon raises $7 million funding
FUNDING

Pune based IoT platform Altizon raises $7 million funding

Altizon Inc, a global industrial IoT platform company addressing the manufacturing industries, today announced the closure of its series A+ funding round of $7Mn. This important round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS Motor Company Limited and participated by existing investors The Hive, Wipro Ventures, and Lumis Partners. “The Industrial IoT market continues to expand at a rapid pace and this investment brings on board TVS Motor Company which is the flagship company of the multi-billion $ TVS Group, with deep experience building companies in the industrial sector,” said Vinay Nathan, CEO of Altizon. Vinay further added, “We have a strong roster of global industrial majors as our customers and they can now gain further benefit ...
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...
OYO Acquires Mumbai Based IoT Startup AblePlus
ACQUISITION

OYO Acquires Mumbai Based IoT Startup AblePlus

The pocket-friendly hospitality chain OYO has announced a new acquisition. The company has taken over an Internet of Things (IoT) technology company known as AblePlus Solutions Pvt. Ltd for an undisclosed amount. After this acquisition, the hospitality startup will be bringing in IoT into the basic zones of their hotel management system.  The main purpose of this acquisition is to enhance its technology portfolio with the help of artificial intelligence and much more. OYO objects to create a sustainable ecosystem through technology and artificial intelligence for managing hotels and assets as stated by the company. Anil Goel, OYO Chief Technology Officer said, "With the introduction of IoT into the basic precincts of hotel management, we aim to enhance customer and partner experienc...
TCS Launch Business 4.0, Target $5 Billion Digital Revenue
News

TCS Launch Business 4.0, Target $5 Billion Digital Revenue

Tata Consultancy Services Ltd, India's largest IT firm is betting big on 'Business 4.0' to propel its revenues from new age-technologies like automation, cloud, and the Internet of Things to over $5 billion this year. Rajesh Gopinathan, MD, and CEO at TCS reported, There are numerous components of digital technologies, there is cloud, automation, analytics, IoT. People have been looking to various technologies each of which has its own value and importance, the point, however, lies in the fact how one stitches them together helping in business growth. Business 4.0 is a thought based leadership framework that helps customers leverage digital technologies to direct their growth and transformation agendas, as told by CEO Rajesh Gopinathan. While asserting the fact that TCS is not a 'd...
IoT startup Chariot Raises Funding From GEMs Partners
FUNDING

IoT startup Chariot Raises Funding From GEMs Partners

Chariot, an Internet of Things (IoT) startup received Rs 2 crore in a Pre-Series A funding round led by international venture capitalist firm, GEMs Partners. The capital raised will serve to service existing and future clients, to improve their technology and expand to newer markets. This investment by GEMs partners will help us in further consolidating our reach at the global level, upgrading in-house technology platform, infrastructure and products, and also in pushing internal growth, said co-founder and CEO of Chariot, Nilay Mehrotra. Chariot is an innovative startup that provides end-to-end solutions by creating an IoT infrastructure through its platform and devices that connects to every sensing device and delivers patterns in data streams by comparing data results from the ...
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...
IIT Kharagpur Partners With Samsung for Digital Academy
News

IIT Kharagpur Partners With Samsung for Digital Academy

IIT-Kharagpur has signed a Memorandum of Understanding (MoU) with Samsung India for the setting up of a digital academy on the institute's campus. The Department of Computer Science and Engineering in the institute would host the Samsung Innovation Lab and train students on the Internet of Things (IoT) through Tizen-based operating systems, commonly used by the company for its mobile phones and home appliances. IoT is a network of computing devices embedded in objects of everyday use for storage and exchange of information. The training would help students acquire industry-relevant skills and "become job ready", an IIT-KGP statement said today. The academy was a part of the company's corporate social initiative that aims at bridging the digital divide in the country by impartin...