Chennai-based IoT and machine-to-machine (M2M) technologies firm Nimble Wireless has raised $500,000 in seed funding from the venture capital firm AngelPrime, reports Techcircle. The company will use the funds to expand its research & development and marketing capabilities, to develop new technologies.
Nimble Wireless provides M2M and connected wireless products and cloud-based software services for wireless connecting, controlling and managing assets to customers. Solutions offered include cold chain monitoring, asset monitoring solutions and energy monitoring solutions.
Cold chain monitoring is aimed at industries like pharmaceutical industry, transportation, livestock, data centers and food processing where temperature monitoring is critical. The monitoring is carried out through Nimble’s temperature monitoring modules Toucan and Sora devices, which can be attached to vehicles and other industrial machinery and monitored using desktop or mobile systems running Nimble’s wireless IRIS application.
Similarly asset monitoring solutions offered by the company users GPS, cellular and/or satellite based tracking to locate and/or safeguard assets. This solution comprises of three elements, a tracking device, a backend cloud based application and a cellular or satellite network for connectivity. The Toucan devices mentioned above are also used for asset tracking, along with the wireless IRIS application.
Energy monitoring solutions involve end-to-end solutions for monitoring, control, audit and management of energy usage. For this, the company offers a Telemetry device that can interface with inverters, solar charge controllers, backup battery, fuel level etc., and collect data. This data is then is uploaded to the backend server for further analysis and reporting, providing fault detection and theft detection among other things.
Founded in 2006 by Siva Sivakumar and Senthil Nathan, Nimble Wireless offers its services to verticals like telecom infrastructure, transportation and logistics, green energy and healthcare industries among others. The company currently counts Bhaskar Solar, Source Inc, Verizon Wireless, STTB, Medall, SREI, Texas Instruments and Sprint etc., among its partners and customers.
Other developments in the IoT space:
– Last month, at the CES 2015, BK Yoon, the President and CEO of Samsung claimed that all of its products will be Internet-of-Things enabled by 2020. In August, the company had picked up SmartThing, a startup that makes smart home hubs, which work as translators for devices with different smart home standards, to get them to work together.
– Cisco tied up with ILFS Technologies(ITL) at the Cisco India Summit 2014 held at Bangalore in December, to jointly develop solutions for digital infrastructure and smart cities in the country. Other than smart city solutions, it had also tied up with the engineering services arm of Larsen & Toubro, L&T Technology Services to set up an Internet of Everything (IoE) solutions centre in Bangalore, targeting the transport and mass transit industries.
– Industrial Internet product focused company, Altizon Systems secured seed funding in a round led by The Hive, Infuse Ventures and Persistent Ventures in September last year. The service works by integrating sensor data from industrial equipment, health equipment, retail, consumer electronics etc., into ‘The Datonis’ by using specific SDKs.
– In August last year, machine-to-machine (M2M) and converged cloud platforms (CCP) developer P-Device systems was acquired by Altiux Innovations. The company had said then that the addition of P-Device’s products to its portfolio will enable it to provide end-to-end solutions and services in the M2M and IoT domain.