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The 10 Biggest IoT News Stories Of 2019

GE Digital does a 180 on its spin-off plans, two semiconductor companies merge to build a major IoT business, and IoT software providers invest in their consulting and system integration capabilities. These are the biggest IoT news stories from this year.

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5. New Funding, Executives For IoT Startups

Some of this year's hottest IoT startups raised fresh funding from investors and appointed new executives. On the funding side, there were new rounds for startups ranging in everything from security and connectivity to edge computing and sensor software: Samsara raised $300 million at a $6.3 billion valuation, Zededa raised$16 million, Armis raised $65 million, Helium raised $15 million, IOTech raised $7.5 million, Tulip raised $39.5 million and Sight Machine raised $29.4 million. Other startups that raised money include Mocana, Xage Security, Litmus Automation, CyberX, Altizon, ReFirm Labs and Ockam. On the personnel side, Claroty appointed Siemens veteran Thorsten Freitag as its new CEO, Zededa hired Dell CTO Jason Shepherd as vice president of ecosystem, Armis added former Cisco executive Jeff Williams as chief revenue officer and Altizon added Tyson King as vice president of sales.

 
 
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