General Electric Digital has acquired Israeli Nurego, a company that supports business operations for IoT networks linking industrial machines.
Swedish company Telia has purchased FältCom, a Umeå-based startup. FältCom has been active in the Nordic market for online public transport. It is the market leader in Scandinavia for mobile platforms on buses, and all speed cameras in Sweden are equipped with FältCom technology. The company has about 40 employees and had sales in 2016 of €8.8 million.
Startupbootcamp’s internet of things accelerator was capped off yesterday with a pitch day in London.
Belgium’s Waylay, a platform for connecting IoT devices with enterprise IT systems and the cloud, has raised €1.2 million to invest into growth and sales and marketing. The funding round was led by PMV and Ark Angels Activator Fund (AAAF). Ghent-based Waylay’s “IoT orchestration” service, which is SIGFOX-certified, integrates IoT applications with existing IT systems […]
UK-based Audio Analytic, which uses AI to develop sound recognition technology, announced the closing of a $5.5 million Series A round. The round was led by Cambridge Innovation Capital, with participation from IQ Capital, Rockspring, Cambridge Angels and Martlet. This Series A funding follows previous rounds in 2014 and 2015, bringing the company’s total money raised to $8 million.
Startupbootcamp’s Raph Crouan has led the IoT / Connected Devices accelerator to find nine startups that are driving the Internet of Things forward.
Finnish startup Noccela raised 1.2 million through a directed share issue. The company did not name the new investors, but said 89 percent of the funding comes from the Netherlands, while the remaining shares were bought by Finnish investors. Existing investors were included in this group.