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Saudi Arabia’s deep tech startup ecosystem thrives with focus on AI and IoT, fueling Vision 2030

CIO

A recent report from the Ministry of Communications and Information Technology, King Abdullah University of Science and Technology, and consultancy firm Hello Tomorrow highlights the rapid growth of deep tech startups in Saudi Arabia, with 50% of these startups focusing on AI and IoT.

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Memfault raises $24M to help companies manage their growing IoT device fleets

TechCrunch

At the same time internet of things (IoT) devices and embedded software are becoming more complex, manufacturers are looking for ways to effectively manage the increasing volume of edge hardware. According to Statista, the number of consumer edge-enabled IoT devices is forecast to grow to almost 6.5 million cash infusion in April 2021.

IoT 208
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Afero raises $50M Series C for its security-focused IoT platform

TechCrunch

With the Samsara IPO heading toward pricing , it’s a good moment to spend a little more time digging into the IoT market. Given that anticipated boom in connected gadgets, sensors and the like, Afero’s IoT platform was built with security in mind. Obviously, the company is going to do some hiring with its new capital.

IoT 253
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How to Develop IoT Applications: A Complete Guide for 2022

The Crazy Programmer

People create IoT applications; people use IoT applications—the world’s technology grows from the internet to the Internet of Things, from middlemen transaction processes to Smart Contracts. How do you develop IoT applications ? Cloud: The cloud is the IoT’s storage and processing unit.

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Monetization Monitor: Monetization Models and Pricing 2020

Customers demand—and suppliers offer—a diverse mix of monetization models for Software and Digital Services related to IoT Devices. Approximately a third (34%) of respondents in this year’s annual software and IoT monetization survey still rely on homegrown solutions. Fast innovation (SaaS, IoT, etc.)

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Securing the digital future: How Huawei is tackling cybersecurity in the GCC

CIO

As the GCC countries continue to evolve into global digital hubs, the adoption of technologies such as 5G, AI, and IoT is accelerating rapidly. New technologies like AI and IoT are coming into play,” he said, underscoring how these innovations are driving transformation across sectors. But security must evolve with it.”

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Karamba Security raises another $10M for its IoT and automotive security platform

TechCrunch

Karamba Security , an Israel-based security startup that focuses on the IoT and automotive industry, today announced a $10 million extension to its $12 million Series B round from 2017. This round brings the company’s total funding to $27 million. ” Karamba Security’s XGuard. Pham Thuy Linh. Karamba Security raises $2.5