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Category: Internet of Things (page 2 of 4)

China to surpass the US as biggest IoT market

China will surpass US to become the world’s largest IoT market in 2024 as it is expected to reach around $300 bn, with the CAGR to stand at 13% in the next five years, data from IDC said. China’s IoT spending will account for 26.7% of the global market, followed by the USA (23.8 %) and western Europe (23.4%). Among the 20 industries covered in the report, manufacturing, govt and consumer IoT spending will account for 50% of the market spending.

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Agritech startup qZense secures seed investment led by Venture Catalysts

Venture Catalysts has led Rs 4.5 cr seed investment in agritech startup qZense Labs. The round was led by Manish Modi, MD, Mastermind Capital and Vedant Loyalka Chairman, Curae Health, 9Unicorns, The Chennai Angels, Entrepreneur First, London based VC and Lumis Partners. Founded in 2019, by Rubal Chib and Dr Srishti Batra, qZense aims to transform the fresh food supply chain industry with its end-to-end IoT-based solution.

Tata Comm acquires majority stake in eSIm tech provider Oasis

Tata Communications has acquired a 58.1% equity stake in embedded-SIM tech provider, Oasis Smart SIM Europe. Oasis will now be integrated with the company’s IoT solution platform for businesses MOVE. The combined entity will serve the mobility needs of enterprises and device manufacturers. eSIMs facilitate cellular connectivity for IoT and M2M apps, offering the ability to connect with multiple mobile network operators.

Industrial IoT startup Infinite Uptime raises $5.2 mn

IoT startup Infinite Uptime has raised $5.15 mn in a Series B funding round, led by Bengaluru-based private equity firm VenturEast. THK, Mayfield, GSR Ventures, IL&FS Investment Managers and GiTV, also participated in the round. Fresh funds will be used to expand presence in India, Japan, the Middle East and the USA. Infinite Uptime manufactures industrial automation enabling devices and also operates an industrial data analytics platform.

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AI, ML, 5G, IoT will be most important tech in 2021: IEEE study

AI, Machine learning, 5G and IoT would be the most important technologies in 2021, according to a new study by the IEEE. Manufacturing, healthcare, financial services and education sectors would have the maximum impact of IT. The results are based on a survey of CIOs and CTO in the US, the UK, China, India and Brazil. Half of those surveyed see the biggest challenge as dealing with aspects of COVID-19 recovery in relation to business operations.

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Cognizant to acquire Bright Wolf to boost Industrial IoT business

Cognizant announced the acquisition of custom Industrial IoT solutions provider Bright Wolf for an undisclosed sum. The acquisition will help Cognizant to enhance its smart products offering and expertise in architecting and implementing IIoT solutions. It will now establish a new IoT innovation hub in the US, with the Bright Wolf team in its centre. Cognizant last month announced to acquire Cloud specialist 10th Magnitude, focused exclusively on the Microsoft Azure platform.

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Realme looks to expand IoT business by 2021

Realme is aiming to expand its consumer IoT business with the launch of as many as 100 products across various categories such as audio, home automation and lifestyle in 2021. The company’s target is to get 15% revenue from its non-smartphone business – smart TVs and IoT devices – in 2021 calendar year. “We want to sell 15M connected devices across categories next year, up from around 8M units this year”, Realme CEO Madhav Sheth said.

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Malware affecting around 13,500 IoT devices globally: Barracuda Network

A new variant of InterPlanetary Storm malware is targeting IoT devices – TVs, routers with ill configured SSH service etc – that run on Android, Mac, Linux and Windows OS in 84 countries, mainly southeast Asian such as China, HongKong, S Korea and Taiwan; Indian IoT devices haven’t been much on radar. The malware detects computer security mechanism, honeypots, auto-updates itself and tries to persist in the system by killing machine processes like debuggers.

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Sports IoT platform FanPlay moves to Microsoft Azure

FanPlay, sports IoT platform has paired up with Microsoft to use the company’s cloud platform Azure and provide a seamless experience for users. The integration of advanced wearables technologies and Azure’s deep analytics and cloud in FanPlay IoT will enable users to experience fitness activities and sports in a more interactive manner. FanPlayIoT has deployed its platform during the IPL this year to augment engagement for the fans of CSK.

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