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Highlighted M&A Transactions

A few transactions in the Internet of Things arena worth noting

Smart Systems Graph

  1. Automatic Raises $24M in New Funding to Fuel Rapidly Growing Ecosystem of Apps for the Car | Business Wire

    Automatic Raises $24M in New Funding to Fuel Rapidly Growing Ecosystem of Apps for the Car | Business Wire

    Automatic Labs, announced $24 million in Series B funding. In this round, an investment subsidiary of USAA, CDK Global, and Comcast Ventures join existing investors Y Combinator, RPM Ventures, Anthemis Group, Amicus Capital and prominent angel investors like Mark Goines, Jared Kopf, Rob Chandhok and Dan Rose. 

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    Mentions: Trevor
  2. CropX Closes $9 Million Series A

    CropX Closes $9 Million Series A

    SAN FRANCISCO, CA and TEL AVIV, ISRAEL–(Marketwired – June 22, 2015) – CropX, provider of the world’s most advanced adaptive irrigation service, today announced it has completed the first close of its $9 million Series A financing.

    The CropX system automatically analyzes the exact water needs of different parts of each field based on topography, soil structure, and current moisture. Farmers simply download the mobile app and place three wireless sensors in the ground. These sensors continuously send soil readings to the cloud, where the patent-pending CropX software determines how to effectively irrigate different parts of the field based on …

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    Mentions: Harry
  3. Internet of Things specialist Actility announces $25 million funding round

    Internet of Things specialist Actility announces $25 million funding round

    Actility, a leading provider of network solutions and managed information systems for the Internet of Things (IoT) market, today announced it has secured a $25 million funding round led by Ginko Ventures. Ginko Ventures leads a prestigious group of investors including tier-one telcos KPN, Orange, Swisscom and Foxconn, along with the existing investors Fonds Ecotechnologies managed by Bpifrance Investissement, Idinvest Partners, and Truffle Capital.

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    Mentions: Trevor
  4. Actility Secures $25M in Funding

    Actility Secures $25M in Funding

    Actility, a Paris, France-based provider of network solutions and managed information systems for the Internet of Things (IoT) market, secured $25m in funding. The round was led by Ginko Ventures with participation from KPN, Orange, Swisscom and Foxconn, and existing investors Fonds Ecotechnologies managed by Bpifrance Investissement, Idinvest Partners, and Truffle Capital.

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    Mentions: Nic
  5. Canary Smart Home Security System Locks Down $30 Million In Series B

    Canary Smart Home Security System Locks Down $30 Million In Series B

    Canary, the smart home monitoring system, has just closed on $30 million in Series B funding led by Walden Riverwood Ventures, with participation from Cota Capital, Khosla ventures, Flextronics, Two Sigma Ventures and WTI. Canary is a small device, packed with sensors and cameras, that sits in the home and monitors everything from temperature to air quality to home security.

    To meet demand, the new funding will go towards expansion of the manufacturing line, as well as marketing.

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    Mentions: Haley
  6. Vinli Raises $6.5 Million in Series A Funding

    Vinli, Inc., developer of a connected car platform providing applications and services for consumers, developers, and distributors, announced today that it has completed a $6.5 million Series A financing led by Samsung Venture Investment Corporation. Cox Automotive, The Westly Group, and Continental also participated in the round.

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    Mentions: Alex
  7. Canary Receives $30M in Series B Funding

    Canary Receives $30M in Series B Funding

    NYC-based home automation and security startup Canary received $30M in Series B funding on Monday, June 1, 2015. Canary builds consumer home automation products that sense, organize, and curate meaningful information from the world., including its connected home monitoring device. Walden Riverwood Ventures led the Series B round, which brings to total amount raised to $41.2M.

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    Mentions: Adam
  8. MuleSoft Closes $128 Million Investment

    MuleSoft Closes $128 Million Investment

    MuleSoft today announced $128 million in funding led by Salesforce Ventures, Salesforce’s global corporate investment group.

    This round includes participation from new strategic investor ServiceNow, as well as Cisco Investments, an existing strategic investor.

    The latest round brings MuleSoft’s total financing raised to $259 million.

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    Mentions: Haley
  9. Meraki founders get $25M from Andreessen Horowitz for sensor startup – Samsara

    Two founders who helped big companies get a handle on their Wi-Fi networks and later sold their startup to Cisco for $1.2 billion, want to do the same thing for the Internet of things and sensors. And they now have $25 million in first-round funding led by Andreessen Horowitz to do it. Marc Andreessen will join the company’s board.

    Sanjit Biswas and John Bicket have returned to the startup world with Samsara, a company that wants to “make large-scale wireless sensor systems a reality.

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    Mentions: Trevor
  10. Farmers Business Network Raises $15M From Google Ventures

    Farmers Business Network Raises $15M From Google Ventures

    For Farmers Business Network (FBN), the solution is a global, big data-powered farmer-to-farmer network — and they’ve just raised $15 million in new funding to build it.

    Google Ventures led the round, with help from past investors Kleiner Perkins Caufield & Byers and impact investment firm DBL. FBN has now raised nearly $28 million in venture funding.

    FBN aggregates and standardizes all of this data being collected from farms nationwide to create an analytics dashboard, which also integrates outside information like weather or regional soil conditions. By leveraging the results reported by all farms in the FBN network, farmers can make …

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    Mentions: Nic Harry
  11. Wireless sensor startup Samsara raised Series A from Andreessen Horowitz

    Wireless sensor startup Samsara raised Series A from Andreessen Horowitz

    Wireless sensor startup Samsara raised $25 million in Series A funding from Andreessen Horowitz on Tuesday. Samsara’s goal is to “make large-­scale wireless sensor systems a reality” by making systems affordable and easy to use and opening up the Internet of Things to new applications.

    Samsara hopes the company will start shipping its hardware loaded with sensors and wireless transmitters within the next few weeks. Users will pay for the hardware and then subscribe for access to the data and analytics, according to the Wall Street Journal. The company’s sensors can be deployed in under an hour.

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    Mentions: Adam
  12. IoT Analytics Startup mnubo Raises $6 Million Led by White Star Capital and McRock Capital

    IoT Analytics Startup mnubo Raises $6 Million Led by White Star Capital and McRock Capital

    MONTREAL–(BUSINESS WIRE)–mnubo, the Internet of Things (IoT) Data Analytics company, announced today that it has raised a $6 million round of financing to accelerate its IoT data science development and expand the commercialization of its SmartObjects™ analytics service. The Series A round was led by White Star Capital, a transatlantic venture fund operating between London, New York and Montreal, who were joined by McRock Capital, a dedicated Industrial IoT fund.

    The Series A funding will be used towards expanding mnubo’s global commercial team, enhancing the user experience and accelerating its ongoing data science and machine learning initiatives …

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    Mentions: Nic
  13. Database Vendor MarkLogic Joins Billion-Dollar Club With New Funding

    Database Vendor MarkLogic Joins Billion-Dollar Club With New Funding

    MarkLogic Corp. has joined the ranks of the world’s most valuable private companies, raising $102 million at a pre-money valuation of more than $1 billion. The company didn’t reveal a post-money valuation.

    The round was led by Wellington Management Co. and includes new investor Arrowpoint Partners and all current investors, taking total funding to $173 million. MarkLogic was targeting $70 million and said the round was oversubscribed.

    The San Carlos, Calif., company was founded in 2001 by Christopher Lindblad, a computer scientist who had been working for Infoseek Corp. and was trying to build a search engine for …

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    Mentions: Jen Carlos
  14. Bit Stew Raises $17M to Expand Data-to-Insight for the Smart Grid

    Bit Stew Raises $17M to Expand Data-to-Insight for the Smart Grid

    Bit Stew, the startup that has landed some big North American utility customers for its data integration and operations software platform, has raised a $17.2 million B round of funding to expand into Europe, branch into the oil and gas industry, and add distributed energy resources to the grid-edge systems it tracks.

    The new funding brings Bit Stew’s total money raised to $26 million.

    Bit Stew’s role at this juncture is to provide “situational intelligence” to the systems that run smart meter networks, SCADA systems and other grid assets, Castaldini said. But eventually, it would like to …

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    Mentions: Harry
  15. IoT startup MODE picks up $775K

    IoT startup MODE picks up $775K

    MODE, Inc., today announced the official launch of MODE, a platform designed to help developers and emerging brands delivering Internet of Things (IoT) solutions. In addition, the company secured $775,000 in seed funding, led by Metamorphic Ventures, Kleiner Perkins Caufield Byers, and several angel investors in Silicon Valley. The company will use the new funding to start serving high-volume traffic on its platform.

    http://www.tinkermode.com/

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    Mentions: Trevor
  16. Lucid closes $14 million Series B funding to build a fully integrated Building Management Platform

    Lucid closes $14 million Series B funding to build a fully integrated Building Management Platform

    Lucid, creator of BuildingOS, a cloud-based software for integrated building management, today announced that GE Ventures has joined Lucid’s Series B funding round as an investor, bringing the total Series B raise to $14.2 million. Additional Series B investors include Formation 8, Zetta Venture Partners, and Autodesk. Lucid will use the funds to expand its software capabilities, which address the growing need to connect, analyze, and manage disparate commercial building technologies as the proliferation of IoT devices unlocks new opportunities and challenges in commercial building management.

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    Mentions: Haley
  17. InteraXon Raises $10 Million in Series B Led By OMERS Ventures

    InteraXon, Toronto-based maker of Muse, a wearable headband that converts brainwaves into digital signals for the purpose of mental fitness, today announced that it has raised $10 million in Series B funding led by OMERS Ventures, its second investment to the company since 2013. The Muse application is available for download on Apple and Android mobile devices which guides you through a focused-attention training exercise that generates real-time feedback.  Muse: the brain sensing headband is available from retailers including Best Buy, in both Canada and the United States, Indigo, Amazon, Marbles, Fry’s, and Gaiam.

    Tens of thousands of consumers …

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    Mentions: Adam
  18. Lucid raises $8 million to grow BuildingOS and enable the future of connected commercial buildings — Lucid News

    Lucid raises $8 million to grow BuildingOS and enable the future of connected commercial buildings — Lucid News

    Lucid announced today that it has raised $8.2 million in Series B funding to expand the capabilities of its BuildingOS platform. BuildingOS enables connected devices in commercial buildings by providing the connectivity and analytics to make better decisions and improve performance.

    Formation 8 Partners led the round, which also included investment from Zetta Venture Partners.

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    Mentions: Haley
  19. Atmel and MXCHIP Collaborate to Bring Ultra-low Power Wi-Fi Platform With Secure Cloud Access for Internet of Things Applications

    Atmel and MXCHIP Collaborate to Bring Ultra-low Power Wi-Fi Platform With Secure Cloud Access for Internet of Things Applications

    Atmel, a leader in microcontroller (MCU) and touch solutions, and MXCHIP, a top 10 China IoT start-up according to Techno, today announced the two companies are jointly developing an ultra-low power Internet of Things (IoT) platform with secure Wi-Fi access to the cloud, enabling designers to quickly bring their IoT devices to market. This joint platform combines Atmel’s ultra-low power Atmel | SMART SAM G ARM® Cortex®-M4-based MCUs and its SmartConnect WILC1000 Wi-Fi solution with MXCHIP’s MiCO IoT operating system (OS), servicing a full range of smart device developers for IoT applications.

    With the rapid growth of the …

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    Mentions: Harry
  20. CloudGenix, Software-Defined WAN Leader, Closes $25 Million Series B Funding Round

    CloudGenix, Software-Defined WAN Leader, Closes $25 Million Series B Funding Round

    CloudGenix, the software-defined wide area network (SD-WAN) leader, secured $25 million in Series B funding led by Bain Capital Ventures and including additional investments from Charles River Ventures and the Mayfield Fund. CloudGenix plans to use the capital to accelerate sales expansion and product growth to meet worldwide customer demand to radically simplify how WANs are designed and managed.

    CloudGenix delivers “networks without networking,” which enables secure access to hybrid-cloud and virtualized applications via SD-WANs rather than a complex maze of networking hardware. The solution serves world-class financial services, legal, retail and technology organizations with multiple branch offices. CloudGenix Series …

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    Mentions: Adam
  21. GE Ventures Invests in PingThings for Predictive Grid Analytics

    GE Ventures Invests in PingThings for Predictive Grid Analytics

    GE Ventures has made an additional investment in PingThings, a predictive intelligence platform for electric utilities.

    This investment adds to the $1 million GE Ventures invested in PingThings in an earlier round. PingThings grew out of Frost I3, an incubator established by Frost Data Capital and GE Software.

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    Mentions: Nic
  22. Scanadu Receives $35M in Series B Funding

    Scanadu Receives $35M in Series B Funding

    Scanadu, a healthcare startup that develops devices that can scan and upload medical-grade diagnostic tests to a smartphone, announced they raised $35M in Series B financing. Scanadu came out of the X Prize Foundation’s Qualcomm Tricorder competition, but soon broke an Indiegogo record, raising more than $1.6 million in less than a month for the Scout, a medical device that could check for heart rate, blood pressure and body temperature. Scanadu will use the new funding to push its devices to market.

    The startup out of the NASA-Ames Research Center in Mountain View, California has since started shipping …

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