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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.

IoT 179
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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.

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South Korean proptech startup Zigbang acquires Samsung SDS’ smart home IoT business

TechCrunch

Zigbang , a South Korean proptech startup that provides real estate transactions service, announced on Thursday that it will acquire Samsung SDS’ home internet of things (IoT) unit to make a foray into the smart home industry. . The deal size is estimated at $85 million (100 billion KRW), based on media reports. . It reached a $574.2

IoT 217
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Primer: What DDoS attacks could mean for IoT

The Parallax

It’s a testament to the defense capabilities that this service provider had in place to defend against an attack of this nature that no outages were reported because of this,” Morales wrote. IoT-initiated attacks like this one, he says, are smaller in scale and less potent than traditional DDoS attacks.

IoT 210
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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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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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More connected, less secure: Addressing IoT and OT threats to the enterprise

CIO

The Internet of Things (IoT) is a permanent fixture for consumers and enterprises as the world becomes more and more interconnected. By 2027, the global number of connected IoT devices is projected to exceed 29 billion, a significant increase from the 16.7 billion devices reported in 2023.

IoT 195