IOT | Pixr8 News

11May By AdityaNo Comments

ACQUISITION

Bengaluru Based Happiest Minds Acquisition of Cupola Technology

Happiest Minds Technologies, a next-generation digital transformation, infrastructure, security and product engineering services company, announced the acquisition of Cupola Technology - a specialized IoT services company with innovative solutions across the IoT lifecycle. This strategic acquisition is in-line with Happiest Minds' vision to expand upon its already thriving IoT business by bringing in complimentary frameworks, ready-to-use solutions and marquee customers. "We have found that organizations are rapidly moving from proof of concept to enterprise-wide IoT rollouts. This has brought about the need for a dedicated IoT operations center with a solution-centric approach. The acquisition of Cupola will add to our IoT center of excellence with a like-minded team that is focused to...

Kishore Biyani Led Future Group Set up Rs 100 Crore Accelerator Fund

17Apr By RishabhNo Comments

FUNDING

Kishore Biyani Led Future Group Set up Rs 100 Crore Accelerator Fund

NEW DELHI: The Kishore Biyani-led Future Group has announced setting up of Future C&D (consumer and digital) Lab in Bengaluru backed by a Rs 100-crore Accelerator Fund. The research and development activities will be supported through a Rs 100-crore Accelerator Fund that will be set up to fund the operations, technology development and IPR creation by the teams working at the Lab. “Future C&D Lab will focus on the consumer and digital space to bring in next generation innovations using artificial intelligence, Big Data Analytics, Blockchains, Internet of Things, robotics and allied technologies,” Future Group said in a statement today. Future Group founder and CEO Kishore Biyani said, “The Future C&D Lab is aimed at co-creating next generation technologies for the consume...

13Feb By PriyankaNo Comments

FUNDING

Bengaluru Based Flutura Raises $7.5 Million Series A Funding

Flutura Decision Sciences and Analytics (Flutura), the Industrial Internet-of-Things (IoT) company today announced a fund raise of $7.5 million (approx. 51 crore), one of the largest in the Industrial Intelligence space. This Series A round is led by Vertex Ventures and supported by Lumis Partners and existing investor, The Hive. Founded in 2012, Flutura provides mission critical insights to drive industrial outcomes, based on their capability to interpret machine signals from connected assets and connected processes. Applicability of the solutions ranges from powering new business models for machinery manufacturers to optimizing complex process and discrete manufacturing operations. Their flagship software platform, Cerebra, provides diagnostics and prognostics through machine le...

Reliance Group in Partnership With Cisco Launched IoT Services Venture ‘UNLIMIT’

15Nov By AdityaNo Comments

News

Reliance Group in Partnership With Cisco Launched IoT Services Venture ‘UNLIMIT’

Anil Ambani promoted Reliance Group today announced a strategic partnership with Cisco Jasper for the launch of its new venture 'UNLIMIT' to provide Internet of Things (IoT) services to enterprise customers across India. The outlook for IoT services in India is virtually UNLIMITed, with the number of connected devices projected to rise from 200 million today to around 3 billion by 2020, and revenues set to increase from USD 5.6 billion today to USD 15 billion in 2020," Amitabh Jhunjhunwala, Group Managing Director, Reliance Group said. IoT, fuelled by machine-to-machine communication, essentially refers to microprocessor and sensor-fitted gadgets or things within a network talking to each other, swapping real-time data and information to perform specific actions. Examples of con...

Startup Incubator thinQbate Launches with its First Cohort of 6 Emerging Startups

24Oct By PriyankaNo Comments

News

Startup Incubator thinQbate Launches with its First Cohort of 6 Emerging Startups

The last year has been a landmark year for startups in India. As per the Nasscom report, India ranks third among global startup ecosystems with more than 4,200 new-age companies. Aimed at supporting this growth, thinQbate, a new thinking incubator launched in Mumbai today. Based on a community and entrepreneur first approach to angel investment and incubation, it hopes to create an ecosystem that will identify, nurture, and leverage on the success of a concept. thinQbate aims to help annual cohorts of fresh ideas and minds thrive by providing a physical space to work in, support from its expert partners and showcasing entrepreneurs based in thinQbate and through events, in-house & external, through the year. Focusing on the importance of providing a favorable ecosystem for the s...

Mahindra Group Starts Using Internet-of-Things For Trucks & Tractors

22Oct By NitishNo Comments

News

Mahindra Group Starts Using Internet-of-Things For Trucks & Tractors

One of the largest tractor makers and commercial vehicle players in India, Mahindra Group has already started using the Internet-of-Things (IoT) project for placing sensors in its tractors and trucks for predicting possible breakdowns. According to the Strategy Head at the Group, Anish Shah, there will be sensors in tractors and trucks to predict failures of specific parts. There will be parts waiting for customers at service centres on the route subsequently. This will prevent breakdowns and time losses of drivers. The same technology can be applied for the automobile business too according to Shah. IoT facilitates sensor placement on machines and subsequent data collection for tracking and improving performance. The Mahindra Group has a stake in Cloud Leaf, a Silicon Valley start-up w...

Ivycamp Join Hands With Nasscom To Promote IoT Startups

27Jun By NitishNo Comments

News

Ivycamp Join Hands With Nasscom To Promote IoT Startups

Nasscom 10,000 StartUps along with IvyCamp, an initiative of IvyCap Ventures, has forged an alliance to bolster the Internet of Things (IoT) movement in the Indian startup ecosystem. The initiative will connect startups, investors, mentors and industry bodies to converge and explore ways of working together, a statement from Nasscom said. IvyCamp platform will connect the industry participants to entrepreneurs for providing guidance on formulating and driving the IoT business. Activities through the year will focus on seeking out, supporting and growing IoT innovations and ventures, it said. "The potential scope of disruptive technologies in India is vast, as they can have a massive economic impact. IoT is one such sector which is gradually gaining popularity. With this collaboratio...

Internet Devices Firm Gaia Smart Cities Has Acquired Internet of Things Business of Netcore

12Jun By PriyankaNo Comments

ACQUISITION

Internet Devices Firm Gaia Smart Cities Has Acquired Internet of Things Business of Netcore

Internet devices firm Gaia Smart Cities has acquired Internet of Things business of communications service provider Netcore in a an equity deal. "We have finalised deal to acquire IoT business of Netcore in an equity deal. Gaia will get ownership of Netcores IoT business and Netcore will invest in Gaia," Gaia Smart Cities Founder & CEO Sumit D Chowdhury said. Internet of Things involved in connecting various devices with internet to control them and extract data related ton their function in structured format like calorie burn data from smart wrist bands, switching on or off to AC, TV, car from mobile phones etc. Gaia Smart Cities was founded by Chowdhury and Bipin Pradeep Kumar last year. The company provides internet of things solution like remote access to water met...

5G, IoT, Cloud Will Disrupt Every Industry in 2016: Hans Vestberg, Ericsson CEO

22Feb By AnkitaNo Comments

Entrepreneurs Talk

5G, IoT, Cloud Will Disrupt Every Industry in 2016: Hans Vestberg, Ericsson CEO

At Mobile World Congress (MWC) 2016, Ericsson President and CEO Hans Vestberg said digital disruption will come to every industry in 2016 and made major announcements in 5G, the Internet of Things (IoT) and cloud. With these announcements, Ericsson solidifies its positions as a leading ICT transformation partner for customers across industries. As Ericsson's vision of 50 billion connected devices approaches, three fundamental ICT forces - broadband, mobility and cloud - are rapidly reshaping value chains, digitalizing business models and creating possibilities that were previously unimaginable. As an ICT leader, Ericsson is enabling this transformation and simultaneously evolving itself. Vestberg said: "Along with our industry and our customers, Ericsson is on a transformation journey. T...