Mnubo secures $16.5 million in series B funding round to accelerate expansion of IoT solutions

Mnubo, an IoT data analytics and artificial intelligence (AI) provider, has raised $ 16.5 million in a series B financing round to speed up the global expansion of its SmartObjects IoT analytics and data science solution.

Throughout the world, SmartObjects aims to helping service providers and equipment manufacturers in furthering their data monetisation strategy. Johnson-Controls Hitachi is among the prominent manufacturers who are using SmartObjects. 

Greg Barats, president and CEO of HSB Group, a Munich Re arm that led the financing round and also a strategic commercial partner of Mnubo, said: “We’re thrilled about this strategic partnership with Mnubo to bring to market a suite of financial and insurance related products based on artificial intelligence and machine Learning on IoT equipment datasets. HSB can help Mnubo’s customers realize meaningful results from their IoT investments."

Frederic Bastien, president and CEO of Mnubo, said: “We are spearheading the transformation of the IoT landscape by enabling a data-driven versus a connectivity-driven business model. Companies must focus on business outcomes through IoT insights in order to stand-out in a crowded and confusing market. HSB has 150 years of experience in insuring commercial and industrial equipment; this alliance with Mnubo enables the next-generation of IoT manufacturers and enterprises to benefit from a portfolio of IoT-based, data-driven financial products to accelerate RoI by enabling IoT data monetisation.”

In another funding raising story, cybersecurity enterprise VDOO has secured $ 13 million to formulate and commercialise its IoT security platform. According to VDOO, its first-of-its-kind IoT platform can provide security certification for a wide array of connected devices via an automated, end-to-end process that analyses the devices, gives the most accurate security requirements and implements guidance based on that analysis.

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PTC Partners with Microsoft to Help Customers Accelerate Their Digital Transformations in IoT

PTC Partners with Microsoft to Help Customers Accelerate Their Digital Transformations in IoT

PTC Partners with Microsoft to Help Customers Accelerate Their Digital Transformations in IoT

PTC Selects Microsoft Azure as its Preferred Cloud Platform for the Industrial Sector.

PTC today announced it has partnered with Microsoft to make available the ThingWorx® Industrial Innovation Platform on the Microsoft Azure cloud platform, capitalizing on the two companies’ complementary technologies and together targeting opportunities in industrial sectors, including manufacturing.

PTC and Microsoft will align the technology and expertise of both companies to deliver a robust solution for Industrial IoT and digital product lifecycle management. At the core of the solution are Microsoft Azure IoT and the ThingWorx Industrial Innovation Platform, which together enable customers to innovate their products and operations with IoT connectivity, rich contextualization, business systems orchestration, and breakthrough user engagement via mixed reality. Extending these services is PTC’s full portfolio of solutions including Creo® and Windchill® for design, manufacturing, and service, and Microsoft’s HoloLens mixed reality headwear.

Central to the collaboration is PTC’s selection of Microsoft Azure as its preferred cloud platform for manufacturing customers. PTC also will be offering a managed service of ThingWorx delivered on Azure, leveraging Azure services, including Azure IoT Hub. Customers will be able to capitalize on the many benefits of Azure including speed, security, scale, and global reach. ThingWorx, combined with Microsoft Azure IoT, will provide customers with faster time to a production-ready solution, faster time to iterate and refine, access to a rich trove of engineering data, and flexibility.

PTC and Microsoft will continue to pursue joint customer opportunities in operational settings such as discrete, process, and hybrid manufacturing, oil and gas, and utilities. One recent exemplary customer win is Colfax, a leading diversified industrial technology company that provides gas- and fluid-handling and fabrication technology products and services to customers around the world. Colfax will employ PTC ThingWorx and Microsoft Azure for its company-wide industrial IoT initiatives. “These two industry leaders coming together makes perfect sense,” said Ryan Cahalane, vice president of Digital Growth at Colfax. “With ThingWorx and Azure, Colfax will be able to capitalize on the opportunities inherent in the Internet of Things to quickly grow and scale its operations.”

“This collaboration combines Microsoft’s expertise in the intelligent cloud business with PTC’s leadership position in IoT, product design, manufacturing, and service,” said Jim Heppelmann, president and CEO, PTC. “This is exactly the combination customers require to unlock the value in their digital transformation journeys.”

“We are pleased that Azure is PTC’s preferred cloud platform to help accelerate digital transformation in IoT, particularly for customers in the manufacturing industry,” said Jason Zander, Corporate Vice President of Microsoft Azure.

“Combining PTC’s platform with the speed, scalability, and intelligence of Azure will enable customers to accelerate industrial innovation.”

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Sequans Announces Collaboration with SoftBank to Accelerate the Deployment of LTE-M and NB-IoT in Japan

Sequans Announces Collaboration with SoftBank to Accelerate the Deployment of LTE-M and NB-IoT in Japan

Sequans Announces Collaboration with SoftBank to Accelerate the Deployment of LTE-M and NB-IoT in Japan

Sequans Communications S.A. announced that it has established a technology collaboration with SoftBank Corp., a subsidiary of SoftBank Group Corp. and Japan’s leading mobile operator, to accelerate the deployment of LTE-M and NB-IoT technologies in Japan.

The two companies are conducting interoperability testing of Sequans’ Monarch LTE-M/NB-IoT platform with SoftBank’s network equipment and are developing a dedicated implementation of LwM2M technology designed to streamline the device level testing process that will result in accelerating the deployment of new IoT devices on SoftBank’s network.

Danny Kedar, VP, IoT Business Unit, Sequans, said:

“SoftBank is a leader in promoting LTE for IoT in Japan and its efforts to make the technology ready for connecting objects of all kinds shows its commitment to growing the IoT and to accelerating the deployment of LTE for IoT devices on its network.”

“We are pleased to collaborate with SoftBank and to enrich the ecosystem with LTE for IoT modules specifically designed for SoftBank’s network and customers.”

The collaboration with SoftBank is based on interoperability testing with SoftBank’s network equipment and Sequans’ Monarch LTE platform, the industry’s first and most highly optimized LTE-M/NB-IoT chip. Monarch integrates baseband, RF, power management and RAM in a single die. Its advanced features include ultra low power consumption in active and sleep/idle modes, and unique RF filtering technology that enables a true single, worldwide SKU with multi-band support for universal and flexible IoT implementation.

* LwM2M (lightweight M2M) is a communication protocol for use between client software on M2M devices and server software on an M2M management and service platform. The protocol is defined by the Open Mobile Alliance and built to provide a means to remotely perform service enablement and application management for IoT devices and connected appliances.

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Pre-packaged solutions accelerate IoT adoption

Cumulocity IoT is an innovative software platform that addresses the market demand for easy, fast, and scalable IoT solutions. It combines the power of Software AG’s Digital Business Platform with Cumulocity’s product portfolio. Functionality includes the ability to monitor and analyse streaming IoT data; cloud, on premise, edge and hybrid deployment; and a range of pre-packaged IoT solutions such as condition monitoring, predictive maintenance and track and trace. Andrew Brown, the executive director of Enterprise and IoT Research at Strategy Analytics, discusses this open, application-centric approach to Industrial IoT with chief executive, Bernd Gross

Andrew Brown: Cumulocity has an impressive track record and the company has been a leading vendor of device and application management platforms since 2010. Why did you do the deal with Software AG?

Bernd Gross: We had been and continue to be very successful with our platforms, but we operate in a very dynamic market and by 2017 it was clear that we needed to scale our offer and become a global solution provider. Moreover we needed to do it quickly so that was one of the reasons why we did the deal. Software AG currently has offices in 70 countries around the world.

Bernd Gross, CEO of Cumulocity

The second reason is their rich portfolio of software products that complement our offer, one of which is WebMethods, an advanced integration engine that enables seamless interoperability between the operational technology and information technology domains. The former is the domain where data are generated and the latter is the domain where data are consumed. Another key complementary product is Apama, a platform that allows organisations to analyse and act on high-volume event stream data in real-time.

The third reason comes from the emerging need for IoT platform providers to be more open about the performance of their IoT specific business offer. Software AG is leading this approach and has created a separate business unit that has enabled developments such as prepackaged solutions. These solutions reflect the way that the IoT market is maturing and they are facilitating the growing trend away from expensive, time-consuming in-house or bespoke IoT solutions.

AB: How successful have you been with this approach and can you also indicate its relevance to the Industrial IoT sectors that you target?

BG: We have been very successful. For example, Siemens has selected our technology in order to complement MindSphere, which is a powerful IoT operating system that has data analytics, connectivity capabilities, plus tools for developers, applications and services. In addition ADAMOS, that stands for ADAptive Manufacturing Open Solutions, a strategic alliance for machine and plant engineering, chose our IoT technology after an extensive evaluation process. Alliance partners include DMG MORI, Dürr, Homag, ZEISS as well as ASM PT.

The objective is to bundle knowledge in mechanical engineering, manufacturing and information technology. ADAMOS is set to become a global standard for the industry. It combines up-to-date IT technology and industry knowledge, thereby enabling engineering companies to offer tried and tested solutions for digitally networked production to their customers. These and other wins […]

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EPAM and HERE Technologies Partner to Accelerate IOT Tracking Solutions

EPAM and HERE Technologies Partner to Accelerate IOT Tracking Solutions

EPAM and HERE Technologies Partner to Accelerate IOT Tracking Solutions

Collaboration Helps Power Connected Business Models with Location-Aware IoT Solutions.

EPAM Systems Inc., a leading global provider of digital platform engineering and software development services, and HERE Technologies, the Open Location Platform company, announced a new collaboration focused on creating and delivering innovative asset tracking solutions to the transportation, logistics, distribution and fleet management industries.

The combination of HERE location technology for high-accuracy end-to-end tracking of goods, services and content and EPAM’s comprehensive IoT capabilities, including development of a full range of connected devices to infrastructure and integration capabilities, will help customers create broad new enterprise business models, as well as drive new efficiencies across their organizations.

“As we continue to evolve our IoT services practice to include a broad range of vertical and horizontal use cases, partnerships with industry leaders like HERE allow us to deliver powerful, context-aware and personalized solutions to enterprises and users alike,” said Eli Feldman, CTO, Advanced Technology, EPAM.

“HERE Tracking capabilities are logically extensible beyond transportation use cases and can cover a range of in-demand capabilities in our key verticals, including retail, media and entertainment and life sciences, in the future.”

EPAM intends to build a comprehensive digital platform for transportation, asset and fleet management companies utilizing HERE Tracking as an integrated value-added capability. HERE Tracking is a powerful cloud Platform as a Service (PaaS) for low-energy, high-accuracy and real-time tracking of goods and devices both indoors and outdoors.

HERE Tracking, built on the HERE Open Location Platform, will give EPAM and HERE the ability to offer customers a comprehensive set of location and tracking services, including:

  • industry-grade maps for indoor venues and outdoor environments with geo-coding capabilities;
  • highly accurate, energy-efficient indoor-outdoor positioning technology with offline capabilities that enables conventional tracking devices to work longer due to superior battery management;
  • tracking and geo-fencing APIs; and
  • analytics API and visualization tools.

“Commerce today is conducted at global scale, where supply chains and marketplaces transcend geography. At the same time, businesses can no longer afford operational inefficiencies as consumers expect goods and services to be delivered with unprecedented speed and reliability,” said, Leon van de Pas, SVP Internet of Things at HERE Technologies. “The combination of HERE Tracking and EPAM’s ability to quickly engineer and deliver IoT software is a powerful solution for any business to fundamentally increase its operational efficiency.”

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