Paul Sawers recently wrote in VentureBeat, “The year 2016 could go down in history as the year the Internet of Things (IoT) really came to fruition. Yesterday, San Francisco-based June announced a fresh $22.5 million funding round, taking its total money raised to the $30 million mark to help bring its smart oven to market. The June oven isn’t like any ordinary oven — this one sports a camera inside that uses deep learning techniques to figure out what you’re preparing, then sets the appropriate temperature to ensure your meal is adequately cooked… Elsewhere in the Internet of rings, I mean “things,” smart doorbell startup Ring raised a $61.2 million round last week, taking its total funding since 2011 to around the $100 million mark… Meanwhile, a new smart bed manufacturer called Balluga turned to Kickstarter this week to raise at least $50,000, and a mere two days into the campaign it looks well on track to meet its goal.”
We have “smart” everything these days, from watches to door locks, the IoT has converted mundane everyday items into connected devices.So it seems natural that one of the most recent areas to enjoy the touch of IoT is that of the counter top oven. Sure, ovens aren’t the sexiest things ever but you would be surprised about the level of technology inside of them! One such device is the Tovala Smart Oven that recently reached their funding goal on Kickstarter. The Tovala allows you to connect it to your smartphone in order to change cooking settings. It will not only cook your food through traditional baking and broiling, but it can even steam your food. Time to leave the Hot Pockets at the store!
Efficiency and demand response (DR) for managing energy are becoming increasingly important, as reflected in the Consortium for Energy Efficiency’s (CEE) annual report now in its 10th year. According to the report, total expenditures from all funding sources on gas and electric demand side management (DSM) programs in 2014 rose 9 percent over 2013 — to $8.7 billion – with year over year demonstrating a 7 percent increase. Further, ratepayers contributed $8.3 billion of that $8.7 billion. Other sources of funding included wholesale capacity market revenues, the Regional Greenhouse Gas Initiative (RGGI), and the Weatherization Assistance Program. RGGI accounted for 7 percent of program funding in participating states.
U.S. Transportation Secretary Anthony Foxx, joined by Barbara Bennett, President and COO of Paul G. Allen’s Vulcan Inc. and Rick Clemmer CEO of NXP Semiconductors, today announced seven finalists for the U.S. Department of Transportation’s (USDOT) Smart City Challenge. The USDOT has pledged up to $40 million (funding subject to future appropriations) to one city to help it define what it means to be a “Smart City “and become the country’s first city to fully integrate innovative technologies – self-driving
In case you haven’t heard, the Internet of Things is the latest thing.The IoT movement, where manufacturers take formerly offline devices and update them with Internet capabilities, will encompass 20 to 30 billion gadgets by 2020, according to a 2014 report by McKinsey & Company. Data from CB Insights show that funding to IoT startups eclipsed $1.9 billion in 2014, a 158 percent increase from the amount invested in 2010.
Forescout, a network security startup that helps companies keep track of all the devices on their networks, announced that it raised $76 million in its latest investment round yesterday. The new round of funding brings the company’s total valuation to more than $1 billion, tripling its valuation in just 18 months.
Smart home startup Zuli just got some star power with an undisclosed amount of new funding from actor Leonardo DiCaprio, who also took a seat on the company’s board of advisors. DiCaprio has taken a role with the company in hopes of promoting sustainability. He has funded environmentally-focused startups before, but this appears to be his first smart home investment.
In the US, the Smart Grid Interoperability Panel (SGIP) this week announced it has secured federal funding of US$2.1 million for grid modernisation projects.The non-profit organisation confirmed the US Department of Commerce had selected it for the Grid Interoperability Standards Cooperative Agreement Programme.
France has developed something of a name for itself as a center for IoT startups, and today another mover and shaker in the space is making some waves. Netatmo, a Paris-based designer of stylish connected home devices like smart thermostats and security cameras — think France’s answer to Nest — is announcing that it has raised €30 million ($32 million).The funding is significant in that it is one of the biggest rounds of funding for a hardware maker in France this year (and maybe the biggest for an IoT hardware maker), but it is also led by a strategic investor.
The University of Illinois at Urbana-Champaign recently received funding from Google to launch multiple initiatives around mobile programing, cloud computing, and the Internet of Things.The UIUC Department of Computer Science received a $1 million Google Focused Research grant to advance research in mobile and cloud computing and to create an undergraduate curriculum around Android programming. In a separate initiative, the university received Google funding to join other national research universities to increase adoption of Internet of Things technology.