Semiconductor Engineering .:. The Week in Review: IoT
Finance Palo Alto, Calif.-based Armis raised $30 million in Series B funding, bringing total funding for the provider of enterprise Internet of Things security to $47 million. Red Dot Capital Partners of Israel led the round, joined by Bain Capital Ventures. Existing investors Sequoia Capital and Tenaya Capital also participated in the latest funding, which Armis will use to expand sales and marketing and to continue development of its device knowledge base and security platform.
OPAQ Networks, also based in Herndon, raised $22.5 million in Series B funding for its network security cloud offering, bringing its total funding to $43.5 million. Greenspring Associates, a new investor, led the round and was joined by existing investors Columbia Capital and Harmony Partners. OPAQ will use the new funds to accelerate growth and to support go-to-market initiatives. The security-as-a-service startup last month acquired FourV Systems, which supplies the GreySpark business intelligence offering for managing security operations. GreySpark will be integrated into the OPAQ Cloud platform.
Waltham, Mass.-based Carbon Black this week filed for a $100 million initial public offering. The endpoint security software supplier plans to trade on Nasdaq under the CBLK ticker. The company had a net loss of $56 million on revenue of $162 million last year, compared with a net loss of $44.55 million on revenue of $116.24 million in 2016. Carbon Black has raised more than $230 million in private funding. Accomplice (formerly part of Atlas Venture) owns 17% of the company. Highland Capital Partners has an equity stake of 14.9%, Sequoia Capital owns 9.9%, Kleiner Perkins Caufield & Byers holds 8.8%, and .406 Ventures 7.7%.
Nike bought Invertex, a computer vision startup based in Tel Aviv, Israel. Financial terms weren’t revealed. The activewear company will use Invertex’s technology to increase its capabilities in artificial intelligence and computer vision.
Siemens Healthineers is using SAS Institute’s IoT and machine learning capabilities to analyze data from its medical equipment installed around the world, such as magnetic resonance imaging and computerized tomography systems. SAS says it is also helping Lockheed Martin, Octo Telematics, and Western Digital for IoT analytics of data from their connected devices.
Cloudflare Spectrum was unveiled by Cloudflare to protect and accelerate email services, gaming servers, IoT devices, and any Internet-connected product from distributed denial-of-service attacks. Spectrum, now available to enterprise customers, is said to work with any Internet protocol. Cloudflare is expanding its security portfolio beyond World Wide Web applications, application programming interfaces, and websites with the Spectrum launch.
How pervasive will this new wireless technology actually become, and what problems still need to be solved?
Random variations will require new methodologies, tools and cooperation among different companies.
Experts at the Table, part 1: Scaling logic beyond 5nm; the future of DRAM, 3D NAND and new types of memory; the high cost of too many possible solutions.
Growth will remain steady, but it’s getting harder and more expensive to move to the next nodes.
Autonomous vehicles will cause fundamental shifts across a number of established industry segments tied to automotive, opening up big opportunities for chips and tools.
Interests: System-Level Design Low Power-High Performance Manufacturing & Process Tech Packaging, Test & Materials IoT, Security & Automotive