IoT News Roundup

Juniper Research warns that IoT botnets present huge cybersecurity risk; NXT-ID chooses Nordic Semiconductor's wireless BLE and NFC module for smart cards, wearables; TrackNet secures series A investment to develop, deploy IoT solutions; Eir Business releases IoT store built on Asavie platform; Digi International intros embedded modem; Kony helps KMC Controls launch mobile app with IoT technology; Silicon Labs acquires Wi-Fi company Zentri; Frost & Sullivan announces Technology Innovation Award for Antenna Company.
By Rich Handley

TrackNet Secures Series A Investment to Develop, Deploy IoT Solutions
TrackNet, a LoRaWAN Internet of Things solutions provider for consumer and industry, has announced a $7 million series A investment from Minol Zenner Group and Gemtek Corp. TrackNet will use the funds to develop end-to-end consumer, tracking and facility-management IoT solutions.

TrackNet was created by a founding team from Semtech, IBM and Cisco who played critical roles in bringing LoRa LPWAN technology to market and building the ecosystem that became the foundation of the LoRa Alliance. TrackNet will unveil its first complete LoRa solution at the Mobile World Congress event, to be held in Barcelona, Spain, from Feb. 27 to Mar. 2.

LPWAN is expected to make up the volume of connected devices and growth for the Internet of Things. LoRa is the leading technology in the LPWAN space, due to its long-range capabilities and ability to create low-cost sensors with a long battery life. TrackNet is a member of the LoRa Alliance, which is ensuring interoperable LoRaWAN networks and certified devices that can be utilized globally.

"We invested in TrackNet due to the expertise the founding team brings and the scalability of its business model," said Howard Chen, Gemtek's CEO, in a prepared statement. "We expect significant growth in the LPWAN market over the next few years, and want to align our products and investments to capitalize on this growth."

Alexander Lehmann, Minol Zenner Group's CEO and chairman, added in the prepared statement, "We plan to utilize TrackNet solutions to transform our metering business and enable new business models. We believe LPWAN will enable many different high-volume use cases in consumer and industry to create a more sustainable world."

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