K
Kathleen Martin
Guest
Investors have poured billions of dollars into internet of things (IoT) companies in venture capital (VC) financing deals.
So what is IoT? It is an umbrella term for the ability to connect everyday physical objects with other devices over the internet, enabling them to send and receive data. Those everyday devices could be anything from fridges and watches to cars and toilets.
The technology is ubquitus in projects such as the Scottish government’s rollout of a remote transport system for rural roads maintenance.
“IoT is still a fairly new market – but one that has huge potential. It is subject to rapid growth and encompasses extremely diverse technologies,” reported system integration company Reply. “IoT has been labelled as the power behind the fourth Industrial revolution.”
It is hardly surprising, then, that investors are eagerly backing IoT ventures, just like they are injecting money into metaverse companies and fintech startups.
We have dug up the 10 biggest IoT VC funding deals, through looking at data from GlobalData’s Technology Intelligence Centre, to better understand this booming section of the tech industry.
Continue reading: https://www.verdict.co.uk/the-10-biggest-internet-of-things-funding-deals-so-far-in-2022/
So what is IoT? It is an umbrella term for the ability to connect everyday physical objects with other devices over the internet, enabling them to send and receive data. Those everyday devices could be anything from fridges and watches to cars and toilets.
The technology is ubquitus in projects such as the Scottish government’s rollout of a remote transport system for rural roads maintenance.
“IoT is still a fairly new market – but one that has huge potential. It is subject to rapid growth and encompasses extremely diverse technologies,” reported system integration company Reply. “IoT has been labelled as the power behind the fourth Industrial revolution.”
It is hardly surprising, then, that investors are eagerly backing IoT ventures, just like they are injecting money into metaverse companies and fintech startups.
We have dug up the 10 biggest IoT VC funding deals, through looking at data from GlobalData’s Technology Intelligence Centre, to better understand this booming section of the tech industry.
Continue reading: https://www.verdict.co.uk/the-10-biggest-internet-of-things-funding-deals-so-far-in-2022/
