Lottechnews

IoT worldwide spending to hit $1.2 trillion by 2022, says IDC

Global spending on the Internet of Things (IoT) is set to hit $1.2 trillion by 2022, according to the latest report from IDC. The findings, which appear in the analyst firm’s latest Worldwide Semiannual Internet of Things Spending Guide, argues the IoT technology market offers business investment opportunities across a variety of industries and illuminated…

Crate.io raises $11 million in series A funding to push SQL IoT data platform

Crate.io has raised $11 million in Series A funding to push development of its vision for an open source SQL database for real-time machine data and IoT applications. The funding round was led by Zetta Venture Partners and Deutsche Invest Equity with participation from Mike Chalfen, Momenta Partners and Charlie Songhurst. According to the company,…

Battle for standardisation driving rise of LPWA network connections, research finds

Cellular and non-cellular low power wide-area (LPWA) network connections will grow globally at a CAGR of 53% until 2023, according to a new study from ABI Research. The market growth will be driven by growth in smart meters and asset trackers, with the continued battle for dominance between the primary standards, NB-IoT, CAT-M, Sigfox and…

Toyota’s $1bn Grab investment is the largest ever in a ride-hailing company

Automotive giant Toyota’s $1 billion investment in Singapore-based company Grab represents the largest ever made in a ride-hailing firm. Grab is foremost a ride-hailing firm similar to Uber. In fact, Grab acquired Uber’s operations in Southeast Asia. Also similar to Uber is Grab having its own recently-unveiled food delivery service, GrabFood. The company is even…

Software AG announces acquisition of TrendMiner to expand IoT portfolio

Software AG has announced the acquisition of TrendMiner, a firm that delivers discovery, diagnostic and predictive analytics software for the process industry. With this acquisition Software AG is aiming to strengthen its pole position in the IoT market. The plug-and-play software from TrendMiner will play a crucial role after its deployment in Software AG’s Cumulocity…

CEBIT 2018: Huawei debuts its latest IoT and AI products

During CEBIT 2018, Huawei unveiled several of its latest IoT and AI products designed to help enterprises create ‘intelligent’ transformation. Huawei’s President of Global Marketing, Qiu Heng, delivered a keynote speech in which he spoke of how the IoT and AI are enabling businesses to connect the physical and digital world. The company’s OceanConnect IoT…

‘World’s first’ 3D printed houses to be built in Eindhoven: Another route to smarter cities?

The Netherlands will soon be seeing the first of five planned 3D-printed concrete houses in the city of Eindhoven, as part of Project Milestone. The municipality of Eindhoven, Eindhoven University of Technology, contractor Van Wijnen, real estate manager Vesteda, materials company Saint Gobain-Weber Beamix and engineering firm Witteveen+Bos are partners in the project. The houses…

SensorUp raises $2 million to bolster Internet of Things for geolocation

Canadian IoT company SensorUp, which led the development of the Open Geospatial Consortium SensorThings API standard specification, has raised $2 million in a seed funding round organised by Vanedge Capital. The accumulated funds will be utilised to expedite the go-to-market campaign of their award-winning SensorThings Cloud service and create new data-driven IoT business solutions for…