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The role of IoT in shaping smart cities

CIO

By 2050, an estimated 68% of the global population will reside in urban environments, placing immense strain on existing infrastructure and resource allocation. According to IDC, the IoT market in the Middle East and Africa is set to surpass $30.2 According to IDC, the IoT market in the Middle East and Africa is set to surpass $30.2

IoT 181
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Window Snyder’s new startup Thistle Technologies raises $2.5M seed to secure IoT devices

TechCrunch

million in seed funding from True Ventures with the goal of helping IoT manufacturers reliably and securely deliver software updates to their devices. Thistle lands on the security scene at a time when IoT needs it most. Mirai had ensnared thousands of IoT devices into its network at the time of the attack.

IoT 207
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Industrial cybersecurity startup Claroty raises $140M in pre-IPO funding round

TechCrunch

Claroty, an industrial cybersecurity company that helps customers protect and manage their Internet of Things (IoT) and operational technology (OT) assets, has raised $140 million in its latest, and potentially last round of funding. . The company, which is based in New York, currently has around 240 employees. . Vardi said.

Industry 250
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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.”

IoT 179
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Singapore-based fintech STACS raises $3.6M to develop blockchain platforms for financial institutions

TechCrunch

The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments. STACS’ goal is to make GreenSTACS “the common infrastructure” for ESG financing and impact monitoring, he added.

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Baffle lands $20M Series B to simplify data-centric encryption

TechCrunch

.” Baffle supports all major cloud platforms, including AWS, Google Cloud and Microsoft Azure, and it’s currently used to protect more than 100 billion records in financial services, healthcare, retail, industrial IoT and government, according to the startup.

Data 277
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Drover AI is using computer vision to keep scooter riders off sidewalks

TechCrunch

The latter camp has largely leaned on the innovations of Drover AI , a Los Angeles-based startup that has tested and sold its attachable IoT module to the likes of Spin , Voi , Helbiz, Beam and Fenix to help operators improve scooter safety and, most importantly, win city permits. Drover, which was founded in May 2020, closed out a $5.4

IoT 220