IoT News Roundup

Telefónica launches DIY IoT package; STMicroelectronics bridging MEMS cost-performance gap; M2Mi joins Industrial Internet Consortium; Big dollars around the Internet of Things.
By Mary Catherine O'Connor

Markowitz says sensors made with THEMLA60 are still out of the price-point for consumer products, such as wearable fitness trackers. But for industrial IoT applications, such as sensors used in manufacturing systems, or to perform preventative maintenance on highly precise systems, sensors made using THELMA60 might meet the twin needs of high accuracy and competitive price.

Machine-to-Machine Intelligence Joins Industrial Internet Consortium

Machine-to-Machine Intelligence (M2Mi) Corp., whose M2M Intelligence platform enables end users to provision and connect IoT devices, as well as manage data they collect in a cloud-based, secure software-as-a-service architecture, has joined the Industrial Internet Consortium (IIC). AT&T, Cisco, General Electric, IBM and Intel launched the IIC in March 2014 as part of an effort to "advance interoperability standards and define common architectures to connect smart devices, machines, people, processes and data," according to a statement from the company.

M2Mi says that as an IIC member, it plans to apply its expertise in cybersecurity—it offers a "lockbox" software module for secure data exchange between edge devices and business-intelligence software—to "help solve pressing security, privacy and IT/OT [information technology/operational technology] challenges that can hamper the growth of the IoT economy."

IoT Companies Saw Record-High Venture Funding Last Quarter

San Francisco-based CrunchBase, which tracks startup funding (and is part of the Crunch tech media company), reports that IoT companies, particularly in the home automation and security space, are reeling in the venture dough. Venture funds began an upward tick in 2010, with the high mark to date hitting $138 million in the second quarter of this year, during 17 rounds of fundraising. That total fell to $99 million last quarter, but the aggregate over the past year, according to CrunchBase's research, is $300 million. CrunchBase analyst Christine Magee notes that accelerator programs are attracting many of the venture dollars.

Also in funding news, Samsung, which this summer spent $200 million to acquire smart home automation platform SmartThings, has invested in software services company Evrythng for an undisclosed sum. Evrythng's platform creates and maintains digital identities for physical objects, via RFID tags or other automatic-identification technologies, in order to track their use or movements throughout the supply chain. Many of Evrythng's clients are in the consumer packaged goods space, and are using its services to manage smart packaging applications—such as unique QR codes that consumers can scan to join various customer-loyalty programs.

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