Verizon invests in Renovo to build on self-driving offerings

According to the Wall Street Journal, Verizon just joined a $10 million investment round in Renovo Auto, the autonomous vehicle startup that became famous after turning a vintage DeLorean into a self-driving vehicle. Founded in 2010, this California-based company builds technology that combines self-driving software, safety systems, and data analytics. The company’s many sensors can […]

Verizon pumps up its smart city muscles with Sensity buy

In a move to boost its smart city presence, Verizon recently bought Sensity Systems, an LED networking startup. Greentech Media said the mobile communications giant recently bought California-based Sensity for an undisclosed sum. Sensity creates LED systems that are integrated with wireless nodes. These nodes have the potential for enabling future Internet of Things (IoT) applications like […]


Ford floors it for three startups from accelerator class

Ford announced on Thursday it has partnered with three Techstars Mobility startups from the accelerator’s second annual class. The three startups, Spatial, HAAS Alert, and Cargo, will continue to develop their products in Detroit with funding from Ford. It follows the end of the Techstars Mobility annual program, which lasts three months. All 12 startups […]


Verizon buying spree continues with logistics firm Fleetmatics

Shortly after its massive deal for Yahoo!,  telecommunications giant Verizon has acquired fleet management firm Fleetmatics for $2.4 billion, it announced on Monday. The purchase is aimed at bolstering Verizon’s push into the Internet of Things (IoT) market. It comes just one week after the cellular giant’s $4.8 billion purchase—which could rise to over $6 billion […]


IoT startups a hot commodity for acquisition-hungry IT giants

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 […]


Juniper: Expect contactless payments to surge

Contactless payments from smartphones and wearables is still a small segment of the payments market, but might see a surge in usage over the next two years, according to Juniper Research. The research firm predicts the value of the smartphone and wearable contactless payments to rise from $35 billion to $95 billion in 2018. See […]


Verizon IoT report: Mo’ data, mo’ problems

Verizon’s report on the Internet of Things (IoT) market sees it growing apace into broader B2B acceptance, though enterprise organizations continue to face barriers in seamlessly integrating data and security. An article by Business Cloud News examined the key takeaways from Verizon’s recently released report “State of the Market: Internet of Things 2016.” Verizon’s research […]