The Singularity is Nigh
Internet of Things
Most early attempts at Internet of Things (IoT) devices, like smart cutting boards and rudimentary wearables, haven’t proven their worth enough to become as important to us as our phones and laptops. But as of this morning, IoT startup Spark has raised $4.9 million to bring us smart objects that might actually be useful.
Until now, Spark has focused on selling home kits that let you take everyday objects like lightbulbs and cutting boards and hook them up with sensors and wifi. The new cash will help Spark move on from selling one-off DIY kits to providing thousands of cores for companies that want to use Spark to power IoT products.
When people hear “Internet of Things,” their first inclination is to think of Google-owned talking thermostats. But it’s the less-buzzworthy global communications titans like Intel and Cisco who have been building up their portfolio of Internet of Things companies over the past few years — and they’re only getting started.
Intel recently bought up Basis Systems, which makes health tracking bands, and Cisco’s portfolio includes companies that put sensors in home utility meters and bicycles. These are companies that made their multinational empires building satellites and wireless networks — and now they want to develop consumer products that put sensors in alarm clocks, hearing aids and thermostats.