Tag Archives: IoT

Pixie raises $18.5M

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Pixie Technology, a “location of things” startup has raised $18.5 million in a Series B round from Spark Capital, Cedar Fund, OurCrowd and other private investors. Pixie offers smart tags called Pixie Points that can be attached to items like wallets, laptops, gadgets and keys so these easily can be tracked if they get lost. Each Pixie contains an innovative signaling technology, which enables the Pixie to communicate with its app and other Pixies. The platform can locate any object even through walls and down to inches of their location. According to the company, the funding will be used to develop and launch new functionalities, including augmented reality.

A very big deal

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This week, Cisco announced its acquisition of Jasper Technologies for $1.4 billion. Jasper, also known as a Fortune unicorn, is a leader in the IoT service platform market. With Jasper, businesses can embed connectivity into industrial devices, enterprise smartphones and tablets, as well as consumer electronics. The connectivity allows businesses to deliver a wide range of IoT services and unlock new revenue. The company counts Coca-Cola, GE, Nissan, AT&T, Telefonica and Starbucks as some its clients. The acquisition complements Cisco’s IoT strategy perfectly. The deal allows Jasper to expand its technology to a much larger scale while giving Cisco an excellent head start into the IoT market, which is predicted to be worth $6.2 trillion by 2025. Analysts consider this deal to be a brilliant move and it will help solidify the company’s position in the growing IoT industry.

Cisco: at the forefront of the IoT revolution

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Cisco: at the forefront of the IoT revolution

We live in a connected world. We are constantly attached to technology through our smartphones and are able to perform simple actions at the touch of a screen. If you believe what analysts are saying about the Internet of Things (IoT), smart devices are just the beginning of the IoT phenomenon and we are about to see everyday things like cars, buses, motors, refrigerators, and even clothes and shoes performing certain tasks for us. The connected home and connected city are coming and when they arrive they’re going to change the way we live.

The sheer potential of IoT knows no bounds and Cisco understands this. According to Cisco research, more than 50 billion devices will be connected to the Internet by 2020 and that the IoT industry has the the potential to grow globally to as much as US$14.4 trillion by 2022. Which is why last week, the company, through its venture capital arm Cisco Investments, invested in IoT startups including EVRYTHING and Ayla Networks. It also infused funds to Alchemist Accelerator which will diversify to include startups focused on the IoT. The funding is part of Cisco Investments’ “thematic investing,” with dedicated funds totalling US$250 million.