wordpress blog stats
Connect with us

Hi, what are you looking for?

Nimble Wireless raises $500,000 from AngelPrime

nimblewireless

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.

Advertisement. Scroll to continue reading.

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.

Advertisement. Scroll to continue reading.

Also read:

#Outlook15: What Indian IoT & Wearables Companies Plan To Do In 2015

Trends in the Internet of Things segment in India

Indian Govt plans IoT incubation centres, demo centres, research facilities & more

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ