Adding to expectations that the new 6.1-inch iPhone with LCD display will be a blockbuster success, analyst Ming-Chi Kuo said on Wednesday that he expects the company will ship a whopping 100 million units in the second half of 2018. AppleInsider – Frontpage News
C3 IoT, an AI and IoT software platform for digital transformation last week raised $ 100M in new funding. The company, formerly known as C3 Energy, previously raised $ 70M in Sep 2016 followed by a Series E round in Feb, 2017 that valued the company at $ 1.4B. Its total funding has reached $ 223 million since it was launched in 2009.
C3 IoT’s latest investment came from the founder Tom Siebel and Pat House, Tom’s co-founder at Siebel Systems. Existing backers TPG Growth, Breyer Capital and Sutter Hill Ventures also participated in the round.
C3 IoT’s core product is a platform as a service (PaaS) for rapidly developing and operating big data, predictive analytics, AI/machine learning, and IoT software as a service (SaaS) and apps. The company also offers configurable and extensible applications on top of its platform.
Some of the core applications C3 IoT has built on its PaaS include apps for predictive maintenance, energy management, sensor health management, and fraud detection.
As malicious groups continue to become more sophisticated in their hacking techniques, cybersecurity efforts are attempting to expand in their reach, and that is leading to some consolidation in the field. Today, cybersecurity firm Proofpoint — which provides SaaS products to protect businesses’ email, social media and other services — announced that it would pay $ 100 million… Read More Mobile – TechCrunch
Japanese Cybersecurity firm Trend Micro today announced the launch of a $ 100M VC fund to invest in a portfolio of IoT and emerging tech startups.
With 29-year history of operating history and a market cap of $ 7.5B, Trend Micro reported 72 quarters of uninterrupted profitability. “We believe the next wave has arrived with IoT; our fund will help us harness this opportunity,” said Eva Chen, founder and chief executive officer for Trend Micro.
Before the announcement of this venture fund, the company relied on a series of acquisitions from 2008 to 2015 that ended in a high-profile $ 300M acquisition of TippingPoint Technologies, a provider of network-based intrusion prevention systems and appliances. Other acquisitions included Boradweb, Affirm Trust, Mobile Armor, Humyo, Third Brigade, and Identum Limited.
Apart from the financial backing, Trend Micro will also provide the incubated companies access to global threat intelligence, strategic alliances, and access its rich-ecosystem of 28,000+ channel partners.
Companies whose core competency is not IoT find it a plausible route to launch VC funds to dip toes in the IoT market. Symantec, another leading cybersecurity company announced in March this year that its venture capital arm would invest in artificial intelligence, analytics and machine learning startups in cybersecurity niche. On the contrary, Trend Micro’s VC fund will only invest in non-cybersecurity startups to avoid corporate conflict.
Other organizations have also moved in to invest in IoT cybersecurity startups. The Department of Homeland Security (DHS) invested $ 1M in five IoT security startups in March 2017. Bayshore Networks, an industrial IoT-security startup closed a $ 11M Series A round in April this year.