Named ‘Jio Car Connect’, it is an On-Board Diagnostic device that can be plugged into a car’s OBD module to record and track engine and other vehicular related data. The device records data from the vehicle’s sensors and displays it on a mobile app, according to a thread posted on Team-bhp.
The startup, owned by Bits N Bytes Soft Private Limited, has raised the funding from a cluster investors including the likes of Brian Acton, Co-Founder, WhatsApp. It will use the fresh towards product development, business expansion and hiring of talent in verticals including R&D, operations, and marketing. The company provides a GPS-based product that enables car owners and fleet owners to track their vehicles using their smartphones.
The funding is the first tranche of its Rs 600 Cr IvyCap Fund 2, which was launched in October. The agency will use 10 percent of this fund to fund the IvyCap startup program and IvyCap Ventures Initiative which makes seed investment of up to Rs 1 Cr per startup. The agency plans to invest in 25-30 startups in the next two year in sectors like IoT, Health tech, Machine Learning, AI, Agritech and Edtech.
Sachin Tendulkar has reportedly invested in Bangalore-based Internet of Things company, Smartron India, also becoming its brand ambassador. Tendulkar said he is always been fascinated by technology and wants to support brands that are designed and engineered in India by Indian entrepreneurs and engineers. Smartron India is operating without much hullabaloo since August 2014 and is set to launch various IoT products in the next few months. Yuvraj Singh and Abhinav Bindra have also shown a keen interest in tech-driven companies and have invested heavily.
Cisco has signed a MoU with the Andhra Pradesh government to set up an Internet of Everything Innovation center in Visakhapatnam. The center will enable the company’s partners and startups to build IoT solutions and carry out rapid prototyping of products. Cisco will also invest in developing a Technology center of Excellence and a research lab at the Institute of Digital Technology at Tirupati, which will focus on smart cities, digital security and manufacturing solutions.
The Andhra Pradesh government’s cabinet has approved the Internet of Things policy for the state for 2016- 2020. The IT, Electronics and Communication Department will issue the operational guidelines for implementing the IoT policy soon. The IC2 Institute of the University of Texas and Federation of Andhra Pradesh Chambers of Commerce and Industry have approached the state to open an IT incubation centre in Tirupati.
In December last year, Mozilla announced that it would stop developing and selling Firefox OS based smartphones, and instead focus on connected devices, or the Internet of Things. This week the company has announced its first round of projects to develop and Internet of Things ecosystem. The company will initiate a volunteer-driven innovation fund as an experiment for the next three months, to fund small projects that experiment and prototype ideas in the connected devices space.
TripHobo has joined Amadeus Next, an Asia Pacific startup community, which will let it integrate flight search solutions for its users. Amadeus will help TripHobo to build new features like end to end trip planning and help with its market strategy. Amadeus Next gives travel startups advice, research and market reports, technology, branding, reach and access to entrepreneurs and funding in the fields of IoT, mobile, payments, content, personalisation, sharing economy and business intelligence among others.
Winjit Technologies, a software development and services company, has launched an Internet of Things gateway device management platform called Winjit IoT GDM at the Mobile World Congress held at Barcelona. The solution will provide analytics while managing the lifecycle of an IoT deployment. The solution will consist of a lightweight OS based on Arch Linux. As of now, the company claims to facilitate parking and traffic solutions for smart cities through embedded wireless sensors, using its IoT solution.
HCL Technologies has entered into a partnership with Microsoft to launch an incubation centre for Internet of Things in Redmond, reports the Mint. The incubator will focus on solutions for machine-to-machine communication, like healthcare, fleet management, industrial manufacturing and life sciences. The companies are yet to reveal when the incubator will be operational, how many startups it will incubate, and if it will provide funding and to what extent.