Amazon Web Services (AWS) is the undisputed leader of the cloud computing market, announcing in a letter to shareholders that the business will reach $10 billion dollars in annual sales this year. Reaching $10 billion in 2016 would mean a huge surge in sales, considering AWS made $7.9 billion last year. The e-commerce giant also […]
Electric Imp, a startup focused on boosting Internet Of Things (IoT) security, raised $21 million in venture funding. It plans to use the funding to expand its global market as IoT security becomes a more urgent issue for IT professionals. BizJournals.com reports that the Los Altos, California-based company’s Series C round was led by Rampart […]
The Internet of things (IoT) continues to be an investment darling for venture funds who keep on dumping record amounts of cash into the industry. In Q1 2016, IoT startups charted their second highest funding quarter in history across all subcategories save one – wearables. According to analysis by CB Insights, investor interest in IoT […]
When you think of the Greek economy, it’s easy to recall news images protests, mass unemployment and hardship. But the Greek tech sector is helping to lift the country’s economic spirits. Plagued by one of the worst economic environments since the Great Depression, political uncertainty and capital controls that have stopped nearly all international payments in and out of […]
One would think crowdfunding millions of dollars to create the next great device would all but guarantee wild market success. Yet, the hardware crowdfunding road is littered with the ghosts of massively funded coolers, drones and 3D printers that never made it to market. How is it that projects with upwards of $10 million in […]
A new report shows healthy revenues for 21 benchmarked Internet of Things (IoT) companies in the last quarter of 2015, with revenue growing by almost 15% to levels approaching $7 billion. Cloud computing and IT infrastructure are especially potent drivers of IoT revenues, as vendors help companies cope with ever increasing rivers of data. In […]
Last Tuesday, the Michigan Economic Development Corporation (MEDC) announced its approval of a $3 million grant to fund a driverless car testing facility in Ypsilanti. This performance-based grant went to the American Center for Mobility (ACM), who plan on using the space formerly occupied by a General Motors (GM) powertrain factory closed since 2010. Autonomous […]
The fast-growing Canadian Internet of Things (IoT) market is poised to exceed USD$4.9 billion by 2018. However, if Canadian industrial IoT (IIoT) is to aspire to such lofty heights, the industry must navigate several challenges – like a low dollar environment that can be both a blessing and a curse. In a 2015 report, International […]
The Industrial Internet of Things (IIoT) is proving to be a game-changer in many fields, none more structurally than in the automation industry. And a recent study by Morgan Stanley reinforces bullish sentiment for future automation investment thanks to the huge potential of IIoT. A new report co-authored by Automation World and Morgan Stanley predicts […]
Semiconductor firm Cypress has announced a $550 million acquisition of Broadcom’s Internet of Things (IoT) division. It comes on the same day Cypress CEO T.J. Rodgers revealed his intention to step down as leader of the company he founded, after 34 years in charge. The acquisition includes Broadcom’s Wi-Fi, Bluetooth, and Zigbee IoT products and […]
Open source may be the foundation for big data, but it’s not the ticket to riches.
Huge technology companies are gobbling up startups focused on the Internet of Things (IoT) at a dizzying rate, charting more than $31 billion in IoT-related acquisitions and investments between 2011 and 2015. An article by ARN reports that data from Ovum’s IoT Investments Tracker showed tech firms spent $31 billion on 76 deals in eight sectors […]
Where does this fit in Cisco’s long history of acquisitions?
Japan-based multinational Hitachi is working on a new hub in the United States for research and development efforts on high-growth Internet of Things (IoT) technologies. This new R&D headquarters will be established in Santa Clara, California and is expected to open as early as May, 2016. This new department will initially employ around 200 people, […]
Finding the right mix of support and flexibility is critical if you’re going the crowdfunding route
Naked as a Jaybird no longer, the U.S. audio wearable maker is now decked out in around $50 million in cash thanks to an acquisition by Swiss consumer electronics giant Logitech. On top of that, Jaybird could earn an additional $45 million if it hits Logitech’s growth targets over the next two years. Gadgets360 reported […]
Intel has bolstered its position in the Internet of Things (IoT) market with the acquisition of Yogitech, an Italian IoT and self-driving technology safety firm. Yogitech provides hardware and software that automates decisions for IoT based on data patterns, lowering the chances of a failure in the chain. Its hardware also has verification mechanisms to […]
Don’t let that money walk out the door.
Massachusetts is a state known for its progressive government support of innovation and academe. But with the emergence of self-driving cars, government officials are being challenged to balance their role as tech industry boosters and that of regulatory watchdog in the name of public safety. According to MassLive.com, several Massachusetts government departments will soon convene […]
For all the talk about Big Data, most companies are still not generating positive ROI.
Venture capitalists are excited about investing in an educational system ready for technology’s transformative powers.
Today’s venture capital deal flow to innovative new companies looks a lot like a fat man trying to squeeze into a slim Italian suit. It just doesn’t fit. The new shape of innovation is a lot more inclusive of new approaches and sources of startup funding.
Venture capitalists have been getting a black eye to go with their blue shirts. A recent report from the Kauffman Foundation slammed VCs for “shortchanging” investors, pointing out that public markets deliver better returns. The next day, Fred Wilson, general partner at Union Square Ventures and prominent VC blogger, suggested that a flood of…