Losant gets $5.2M Series A to scale its enterprise IoT platform

Losant, an edge-to-analytics platform for enterprise IoT customers raised a $ 5.2M Series A round. It was led by CincyTech with participation from Rise of the Rest Seed fund, TechNexus, and Vine Street Ventures.

Losant Dashboard

“We’re excited to see our platform power intelligent solutions across a gamut of industries and use-cases. Our customers are pushing new boundaries in industrial equipment monitoring, asset tracking, smart buildings, and more. With endless possibilities, Losant is uniquely positioned to help thousands of companies in their IoT journey.”Charlie Key, CEO of Losant.

Losant’s backer $ 150M ROTR (Rise of the Rest) seed fund is itself backed by notables like Eric Schmitt, Jeff Bezos, Meg Whiteman, Michael Bloomberg, and Reid Hoffman. ROTR fund was launched by Revolution, a DC-based venture capital firm. ROTR is aimed at backing startups outside Silicon Valley, New York, and Boston area.

CincyTech, the main backer of Losant is a venture capital firm that invests in enterprise and business software apps, digital health, and life sciences.

Helm features are integrated directly in the Losant IoT platform for seamless fleet management and device connectivity.

Losant is among the nice portfolio companies being funded in ROTR’s current program. The startup’s core product is SaaS platform that consists of several modules including Edge, Helm, Aperture, Alloy and Kiln. For instance, the Edge consists of device libraries (helps in device connectivity & firmware dev), gateways, and edge compute engine. Losant also offers SDKs and APIs for industrial customers to build their own connected services using the startup’s platform.

The startup plans to use the funding proceeds to scale its IoT platform to serve more customers as it currently has several big clients like Verizon, Bosch, and Hewlett Packard Enterprise.


Postscapes: Tracking the Internet of Things

Google buys Xively for $50M: Marks LogMeIn’s exit from IoT connectivity market

Google announced yesterday that it will acquire Xively from LogMeIn for $ 50M. This marks Google consolidation in the managed IoT marketplace as the latter expects 20 billion connected things to come online by 2020.

Structure connected product data to make it manageable and actionable.

Xively allows enterprises to activate ‘connected products’ whereby its platform offers several features such as device connectivity, data management, identity management, integrations, security, and analytics. Smart home, smart energy, and connected products are typical use cases of Xively’s platform.

The acquisition will allow Google’s customers to add connectivity to their devices from the beginning as opposed to adding it as an ‘after-thought’. This will make the connection between the cloud-mobile app and ‘connected product’ more efficient and easy.

“This acquisition, subject to closing conditions, will complement Google Cloud’s effort to provide a fully managed IoT service that easily and securely connects, manages and ingests data from globally dispersed devices.”Antony Passemard, product management lead for Google Cloud IoT

LogMeIn sold Xively to focus on ‘unified communications’ market. Two popular products it owns in the space are GoToMeeting and Join.me. Thus, the sale will give LogMeIn the much-needed cash it needs to purchase Jive communications, a cloud-based phone services company for $ 357M. LogMeIn also plans to expand its AI-powered customer engagement portfolio. The deal is even better for LogMeIn considering it bought Xively for $ 12 million in 2014.

As for Google, it gets a well-established ‘connected products’ management platform that it will upsell to its existing and new customers of Google Cloud IoT. And, Xively can itself become a ‘billion’ dollar business unit within Google as the latter’s combined cloud business generates nearly $ 1B in revenues.

Another acquisition that took place last month was that of elnfochips. It was acquired by Arrow Electronics to consolidate its IoT market via elnfochips’ 1,500 IoT solution architects, engineers, and software development resources globally.


Postscapes: Tracking the Internet of Things

Xperiel closes $7M Series A round: Uses IoT & AR platform

Xperiel, an Internet of Things Augmented Reality (IoT/AR) company raised a $ 7M Series A round. Investors include Scott Cook, Co-Founder of Intuit, Cyan Banister of Founders Fund, WTI and the National Basketball Association’s Sacramento Kings.

The startup promises to help businesses reach customers via mesh-up of IoT and VR. It provides a platform called Real World Web (RWW) using Xperiel’s patented technology. It is also introducing a programming language called ROX for its RWW platform. ROX is itself based on ‘Pebbling’, a technology that Experiel claims can help build complex, multi-app, real-world services without complex coding requirements. The main goal of using this technology is to quickly create interactive, immersive digital experiences for consumers.

The closest comparison Xperiel makes is with Photoshop, Maya, or SimCity and other graphical applications. It also introduces the concept of ‘Triggers’ which the startup explains as follows:

“The key to unlocking the powers of the RWW will be a form of augmented reality that we call ‘triggers’. Many companies have used triggers in the past which make use of different sensors of the phone in order to create different types of physical user interactions in the real world”.

Xperiel’s main application is in professional sports, entertainment, retail and the startup boasts having customers such as New York Jets, Sacramento Kings, Los Angeles Dodgers and Pepsico. These brands use its platform to design immersive applications that work across any device or operating system.

“Xperiel’s advancement in linking next-generation technology with real-time data, an array of sensors and beacons in a device-agnostic platform represents the future of customer engagement and we’re thrilled to be a part of their growth beyond sports.” Sacramento Kings CTO Ryan Montoya

As IoT and VR go mainstream, startups have meshed up both technologies to create superior and more engaging experiences. Another AR/IoT startup called RealWear also closed $ 17M in new funding. The startup provides wearables incorporating VR capabilities that industrial workers can use. Tesla, Walmart, and Amazon are reported to be among RealWear’s customers.


Postscapes: Tracking the Internet of Things

AR/IoT startup RealWear snaps $17M in new funding

Vancouver based startup RealWear has raised $ 13.5M (17M CAD) and seeks another $ 3M, reveals the startup’s SEC filings. The company plans to use $ 20 million investment to get its product, head-worn computers called HMT-1, into the hands of more companies.

HMT-1Z1

Founded in Silicon Valley, RealWear was headquartered in Milpitas, California and shifted to Vancouver in last summer with its presence in Shanghai, China. According to Silicon Forest standards, an early stage round of $ 20 million is a huge amount of investment.

RealWear’s product HMT-1 is a hand free wearable computer that connects industrial workers in the field and helps industrial companies implement the ‘Connected Worker’ program. It’s OS is an Android 6.0.1 (AOSP) and runs on the Qualcomm Snapdragon 2.0 GHz 8-core chipset. It supports Bluetooth, WiFi and GPS. The wearable devices come packed with microphones, speakers, cameras, and additional ports.

Andy Lowery, CEO of RealWear stated that the company has pilot projects in the pipeline with large enterprises like Tesla, WalMart, Amazon, and Boeing. One of the investors is another Vancouver based company, Columbia Ventures which has invested $ 8M in the startup.


Postscapes: Tracking the Internet of Things

Connected-Home security startup SAM gets $2.5M seed funding

SAM, a home network cyber defense company has raised $ 3.5 million in a seed funding round. The funding was led by Blumberg Capital, a global early-stage venture capital firm, based in SF, California. SAM provides a platform that can integrate with routers, providing homeowners with an easy-to-use and secure home network.

SAM Solution

The Tel Aviv based company has been working under stealth mode, in partnership with Israel’s largest telecom provider, Bezeq Israeli Telecom. SAM’s advisory team includes former leaders of Israel’s elite intelligence unit 8200 and founders of Team8, a cybersecurity think tank.

Led by Sivan Rauscher, Co-Founder, and CEO, SAM offers advanced features such as device fingerprinting, parental control, router protection and anomaly detection for home networks. Additionally, the company offers high-performance security in collaboration with Intel’s Connected Home Division by integrating its technology with Intel’s chipsets.

A number of high-profile data breach cases were reported in 2017. Cyber-attack victims included large enterprises such as eBay, Yahoo, Target and Home Depot, along with many health and financial institutions, media and government websites. Israel is one of the largest markets in the world to provide cybersecurity products to over 200 Israeli companies specializing in cyber defense, accounting for $ 3B worth of anti-hacking exports in 2013. About one-fourth of world venture capital-funded cyber-security startups are Israel based.

Another IoT and connected home security startup VDOO raised $ 13M in January this year. VDOO’s solution also profiles a connected device’s manufacturer, device type, network interface, OS, and software vendor.


Postscapes: Tracking the Internet of Things