IoT time series data is ‘of the hour’, says InfluxData

IoT time series data is 'of the hour', InfluxData

InfluxData, which specialises in time series data management, has shared details of recent customer implementations with a particular focus on IoT. 

Time series data is a big deal in the IoT. A time series is a series of data points collected at regular intervals and indexed in time order – the sort of reading you might see, for example, from a smart electricity meter in a home or from meteorology kit for forecasting the weather.

It is data that typically arrives in volume and requires careful handling. InfluxData may be one of many data analytics players, but with its focus on time series data, it’s a significant player in a small, but important subsector of that market. Its open source software enables developers to build monitoring, analytics and IoT applications.

The company’s product proposition centers on deployments where the data output of IoT devices and sensors sometimes necessitate changes to systems in near real time; that is, where developers will need to make changes or updates to IoT systems in order to address how those devices and sensor behave.

Read more: Basho CTO: It’s high IoT time for time series data

Unique? Well, different

The company says that IoT data is ‘unique’, in that sensors deliver time-stamped or time series data in order to measure change over time – for example, a rise in energy consumption when a family returns home or the different speeds of gusting winds over the course of a particularly stormy night.

So InfluxData works to provide managers of IoT deployments with a direct view into the state of each device at any given point in time.

Bboxx, for example, is a venture-backed company developing software to provide affordable, clean energy to off-grid communities in the developing world. Its core product is a plug-and-play solar system and the company is an InfluxData customer.

“Bboxx collects performance data from its portfolio of 50,000-plus IoT solar home systems currently deployed across East Africa,” explains David McLean, the company’s lead developer. “Performing real-time analytics on each incoming data stream, [we] can monitor system performance, analyze customer usage patterns and alert on unit failures or customer tampering events.”

Spiio, another InfluxData customer, provides a sensor and software solution for remote monitoring of vertical living ‘green walls’ and other high-value plant installations. Spiio uses sensors to understand plant performance from data.

“InfluxDB was a tech enabler for our vision of bridging the gap between things and people,” says Jens-Ole Graulund, chief technology officer at Spiio. “Having permanent access to time series data and plant analytics, InfluxData reveals trends and enables data-driven decisions, not only for green wall maintenance but also for its design – for green walls built to perform.”

Read more: Honeywell launches analytics hub to ‘listen’ to smart buildings

It’s time for time series data

So is time series data ‘of the hour’ when it comes to the IoT? Well yes, but InfluxData is by no means unique its willingness to embrace this subset of data analytics.

Hitachi Vantara (specifically within its Pentaho product line), works in this space, as do other companies, including Redis Labs, Microsoft (part of the Azure cloud is specifically offered in an optimization format for time series jobs) and IBM. Then there’s a whole host of small time series database specialists, too: RRDTool, Graphite, Prometheus and Druid. 

Regardless of who is spinning the spin about the importance of time series data, what they tend to have in common is an emphasis on building custom logic, user-defined functions (UDFs) and machine learning libraries. These allow customers to perform streaming analytics on time series IoT data and create alerts when dynamic thresholds are reached.

But InfluxData is clearly making a few waves, with a customer roll call that includes automaker Tesla, US department chain Nordstrom, and online auction site Ebay. Maybe it’s time to keep a closer eye on time series data. 

Read more: HPE Aruba weaves new fabric for analytics-driven IoT security

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Internet of Business

Industrial IoT analytics company UpTake nabs $117M Series D

UpTake, an Industrial-IoT analytics company yesterday raised a Series D round of $ 117M at a post-money valuation of $ 2.3 billion. Investment firm Baillie Gifford led the latest round that brought UpTake’s total funding to $ 250M.

SM

Uptake’s advanced analytics platform

UpTake is a SaaS (software-as-as-Service) product capable of reading ‘machine sensor data’. Its predictive analytics software collects and interprets sensor data for clients in the mining, rail, energy, aviation, retail, and construction industries. The software further utilizes the ML (machine learning) technology to predict incidents/events for the monitored machinery.

The company is trying to go after ‘heavy’ industries like oil and gas and energy. “We’re on a growth trajectory now where there is virtually nothing standing in our way from being the predictive analytics market leader across every heavy industry, from oil & gas to mining and beyond,” said Uptake Co-founder and CEO, Brad Keywell. Brad is a co-founder of Groupon as well.

Two primary use cases of UpTake’s technology and products are predictive and preemptive maintenance for the industrial machinery. The startup boasts customers such as Caterpillar, Berkshire Hathaway Energy, and Panduit.

Two key competitors of the company are SparkCognition and Konux. The former raised a $ 32M Series B round in July this year. The Chicago-based company has several pending patents while one of the key patents it currently holds deals with the adaptive handling of the operational data (coming directly from machine sensors).


Postscapes: Tracking the Internet of Things

IoT product development platform Seebo banks $16.5M Series A

Seebo, a cloud-based IoT product development platform announced today an $ 8M extension of its Series A funding. Returning investors TPY Capital and Viola Ventures led the latest round. Other investors that participated in the investment include Pritzker Group Venture Capital and Japan’s Global IoT Technology Ventures.

The latest round brings Seebo’s Series A funding to $ 16.5M and the total investment to $ 22M since its launch in 2012. The company will use the funding proceeds to bring onboard partners and incorporating new business solutions in its industrial IoT platform.

“We’ve succeeded in driving customer adoption and outstanding product value. Today we see a surge in market demand from industrial companies – from metal mining companies to machinery and industrial lighting manufacturers – in addition to top-notch B2C brand manufacturers that we continue to serve.”Seebo CEO and co-founder Lior Akavia

Participation by the returning investors TPY Capital and Viola Ventures show that Seebo’s investors have confidence in the company’s performance and the growth plan it has laid down. Executives from both the investment firms observed that the company has the ability to reach enterprise and startup customers globally.

Companies looking to add IoT-functionality to their existing products or startups planning to launch new products with embedded-IoT features can utilize Seebo’s IoT development platform.

The platform supports IoT modeling, prototyping and simulation, system launch, and analytics. Other IoT-platform companies such as Carriots (now acquired by Altair) and Prodea (now part of Arrayent) also provide IoT-enablement features for consumer products and enterprise companies. However, Seebo goes an extra mile by providing an ‘idea-to-market’ ecosystem for product/service developers. It provides integrated features to help generate BOM (bill of materials), estimates the cost of the whole solution, drags and drop features/functions, and connectivity to factories and component vendors.

Seebo boasts having customers such as Stanley Black & Decker and Ralph Lauren as well as several upstart consumer brands.


Postscapes: Tracking the Internet of Things

IoT platform Ayla Networks announces $60M Series D financing

Aylya Networks, an IoT Platform-as-a-Service (PaaS) company announced that it has raised $ 60M in Series D financing. The round was led by Run Liang Tai Fund (RLT) and Sunsea Telecommunications Co. Ltd.

PaaG Architecture Diagram

The company doubled down on the funding path as it previously raised $ 39M Series C in June last year. The current financing brings Ayla Network’s total equity funding to approximately $ 124M since its launch in 2010.

The company will use the latest proceeds to expand platform capabilities and to grow the ecosystem which includes application providers and channel partners.

Ayla focuses on the leading product manufacturers enabling them to make their products internet-connected via Ayla Network’s PaaS. Its end-to-end software runs across devices, the cloud, and applications to provide internet connectivity and device analytics. The Wi-Fi modules of leading hardware vendors have pre-built Ayla embedded agent. The Ayla Cloud provides a managed service where customers can track their ‘connected deployments’.

“Ayla has amassed more than 100 large enterprise customers by solving their challenges regarding how to securely connect, manage and apply intelligence to all of their connected devices and sensors.”David Friedman, Ayla CEO and co-founder

Ayla has adopted a ‘mobile-first’ approach. The company offers mobile application libraries containing APIs. The APIs can be used to create iOS and Android apps for Ayla-enabled products.

Another ‘platform-based’ company connecting consumer products to the internet is Evrythng. It raised $ 24.8 million Series B funding in March this year.


Postscapes: Tracking the Internet of Things

IoT and M2M connectivity company Globetouch closes $40M Series C

Globetouch, a company providing IoT/M2M connectivity for connected vehicles and original equipment manufacturers raised a $ 40M Series C round this week. Hermes Growth Partners, Spark Telecom Ventures and Wholesale and Impact Venture Capital participated in the latest round.

GStack Platform

Customers can use the Globetouch GStack platform to deploy IoT/M2M services. Its client based includes mobile operators, M2M service providers, MVNOs, OTT providers, connected devices OEMs, and device distributors.

Other core products of Globetouch are GConnect, GControl, and GFusion. The company uses the GStack platform to host multiple use case apps for IoT connectivity.

IoT Applications

The startup boasts having customers such as Huawei, Verizon, Volvo Eicher, and HP. Globetouch also acquired two companies since last year. It acquired Teramatrix Technologies, an M2M & IP infrastructure monitoring company in June this year. Before Teramatrix, Globetouch also acquired Fogg Mobile, a startup creating services for IoT.


Postscapes: Tracking the Internet of Things