Download App
Better Online and Trade Show Sourcing Experiences.Scan the QR code to download.
Learn More
Hot Topics
A startup seeks to streamline software updates for many IoT products, receiving $9 million in funding from Ericsson and other VC firms.
Behind Resin.io’s platform. Source: Resin.io via EE Times
Madison, Wisconsin — After the initial euphoria over the Internet of Things (IoT), the reality of the market is rapidly sinking in among investors, marketers and designers.
The underlying technologies and ecosystem designed to support the elusive IoT market remain too immature to reap profits for many corporations and investors. In fact, anecdotal evidence shows that anyone pitching a startup in the IoT space faces kneejerk skepticism from the investment community. In short, IoT backlash has begun.
Against that backdrop, Resin.io, a London-based four-year-old IoT startup, announced Monday (June 27) that it has secured $9 million in funding from DFJ, GE Ventures, Ericsson, and Aspect Ventures.
Resin.io’s technology offerings provide a glimpse into the bigger challenges — thus far little discussed — facing IoT builders and designers.
Connecting embedded devices to the internet is hardly trivial. But even a harder-to-solve problem follows once the devices are deployed.
The issue is how to manage and remotely monitor millions of deployed IoT devices.
This article was originally published on EE Times. To read the rest of the article, please click here.
More Sourcing News
Read Also