Latest Connected Economy News

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Amber Solutions raises $3.3M Series A to fast track sales of its smart electrical products

Amber Solutions, an IoT product company that sells smart outlets, switches and circuit breakers closed Series A Preferred Stock round of financing that equals $3.3M ...

Arduino adds two boards to its MKR family of products for new use cases

Arduino’s MKR family of products got two new wireless connectivity boards added to its range of products. These include MKR WiFi 1010 and MKR NB ...

Microsoft buys conversational AI company Semantic Machines for an undisclosed sum

Microsoft announced it has acquired Semantic Machines, a conversational AI startup providing chatbots and AI chat apps founded in 2014 having $20.9 million in funding ...

Smart lock company LockState closes $5.8M Series A to fast track sales & partnerships

Smart Lock Company LockState raised $5.8M Series A in new investment to fund its aggressive sales and marketing and partner development plan. The company previously ...

Sensor-based baby sock Owlet banks $24M Series B

Owlet, a connected-baby care company raised a $24 million Series B investment from Trilogy Equity Partners, with participation from existing investors, including Eclipse Ventures, Broadway ...

Smart baby monitor Nanit closes $14M Series B investment

Smart baby monitor company Nanit raised a $14M Series B round led by Jerusalem Venture Partners (JVP). Other investors that participated include existing investors Upfront ...

Siemens to acquire smart lighting control company Enlighted Inc. for an undisclosed sum

Siemens Building Technologies division announced it will acquire Enlighted Inc., a smart IoT building technology provider. The transaction is expected to close in Q3’18.Enlighted Inc.’s ...

Vesper closes $23M Series B for its sensor-based microphone: Amazon Alexa Fund among investors

Vesper, the maker of piezoelectric sensors used in microphone production and winner of CES Innovation Award 2018 raised a $23M Series B round. American Family ...

Acuity Brands acquire Lucid Design to gain share in smart home solutions market

Acuity Brands, an Atlanta based electronics manufacturing company announced its acquisition of Lucid Design Group, a provider of building analytics and business intelligence platform. Terms ...

Apple supplier Foxconn buys Belkin for $866M in case to carve out its smart home business

Foxconn Interconnect Technology Limited (FIT), a company most famous for being a supplier of Apple’s smartphones announced it has bought US consumer electronics maker Belkin ...

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