Movus, a Queensland start-up that has developed technology for monitoring electric motors and anticipating failures, has secured $4.8 million in Series A funding from Blackbird Ventures, Telstra Ventures and Skip Capital. Movus’s FitMachine system comprises a sensor that attaches magnetically to the motor and monitors vibration, noise and temperature. Data is passed to a Movus … Read more
UK-based Vodafone Group has declared Asia-Pacific to be the lead region for IoT adoption, and the region making the most use of IoT to increase competitiveness. Vodafone estimates that 36 percent of organisations in Asia-Pacific have implemented IoT, compared to 27 percent in the Americas and 26 percent in Europe. Vodafone said 53 percent of … Read more
Dell Technologies says it will invest $1 billion in research and development of IoT over the next three years and has set up a special division to integrate products and services across the company. The new division will be run by current VMware CTO Ray O’Farrell. His first mission will be to develop IoT products … Read more