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7 cool internet of things companies to watch

Bob Brown | Aug. 18, 2016
IoT development tools, security products and remote asset management services among hot areas for investment

bayshore dashboard 

Bayshore dashboard

FogHorn Systems

Founded: 2014

Headquarters: Mountain View

Funding: $12M in Series A funding in July, led by March Capital and GE Ventures. 

Focus: Edge analytics software for industrial and commercial IoT applications, including in the manufacturing, healthcare and retail industries. The company's technology is designed to derive intelligence locally, via so-called fog computing, avoiding lots of back and forth over the cloud. The company's partners include Microsoft, through which it makes its software available via Azure.  The company is led by David King, previously head of AirTight Networks and Proxim.

Foghorn 

Example of wind energy management system using FogHorn software to maximize power generation, extend equipment life and apply historical analysis for accurate energy forecasting.

Helium

Founded: 2013

Headquarters: San Francisco

Funding: $39M, including $20M in Series B funding in April, led by GV.

Focus: Smart sensors, wireless access points and complementary monitoring tools, for tracking physical things for businesses in fields such as healthcare, food/beverage and transportation. Its Helium Green environmental sensor, for example, monitors temperature, humidity, light and motion.  Helium touts its technology for reducing downtime, complying with rules and capturing new insights that can be applied to

digital transformation. One claim to fame: Co-founder Shawn Fanning developed early music sharing service Napster.

Helium sensor

Helium remote sensor for environmental monitoring

Qadium

Founded: 2012

Headquarters: San Francisco

Funding: Pulled in $20 million in Series A funding, led by NEA, in June, bringing total funding to nearly $26M.

Focus: The company touts its “Google Street View” for public internet-connected devices that provides data vital for tracking and protecting them. The company, whose founders met while working as consultants at DARPA, have created a sensing platform and Web-based tool dubbed Expander that has enabled Qadium to collect and showcase a huge amount of data whose possible applications are still being explored, though CEO and Co-Founder Tim Junio stresses that Qadium’s government work is all about defense – not offensive cyber warfare. (More on Qadium here.)

Soracom

Founded: 2015

Headquarters: Tokyo

Funding: $33.8M, including $22M and $5.8M in a pair of Series B rounds earlier this year.

Focus: Internet of things-oriented mobile virtual network operator, with initial presence in Asia via NTT Docomo, but expanding its reach worldwide. Provides subscriber identity modules for individual devices to be managed in numerous ways, including via the cloud, which can be leveraged to offload high-load processing such as encryption. Supports a range of communications technology from LTE/3G to Low Power Wide Area (LoRaWAN), the latter of which enables data transmission over very long distances at low power.

 

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