Internet of Things
Teach Me How to Startup
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.
Cornell Tech’s coffers are a little fatter this morning. Yesterday, Qualcomm cofounder Irwin Mark Jacobs and his wife Joan announced they’re donating $133 million to the project. And so the joint program designed by Cornell and the Technion (a project within the Roosevelt Island campus, it’ll allow students to earn dual masters degrees) will now be known as the Joan and Irwin Jacobs Technion-Cornell Innovation Institute.
That’s a useful data point if you’re trying to get your name on a major NYC landmark.
Steve “Sweaty” Ballmer, CEO of Microsoft, was not slated to give the preshow keynote this year at CES. So fancy our surprise when he came running out, pointer fingers dancing wildly in the air, to join Qualcomm CEO Paul Jacobs on stage. Mr. Ballmer did his best goofy Steve Ballmer impression, waggling his tongue as he placed his outstretched and no doubt moist hand into Mr. Jacobs’.
Silicon Alley U
Not only is Starbucks accepting payments via Square, the coffee conglomerate is now also selling the Square credit card reader for $10 at its retail locations. [New York Times]
Spotify has suspended its music download service in the U.K. Users can still stream music, but are sent to an unhelpful FAQ page when they attempt to purchase it. [Pocket-Lint]
Kim Dotcom says the U.S. “planted” evidence, encouraging him to keep copyrighted files on the Megaupload servers but then punishing him when he did so. [Ars Technica]
That indie Steve Jobs film, that will star Ashton Kutcher and be an inevitable flop that we will still watch anyway, is slated for release in April. Who wants to go with us? [Wall Street Journal]
The New York state comptroller is suing microchip company Qualcomm for data about its political expenditures with the hopes it can bring more transparency to corporate political spending. [New York Times]
Cornell NYC Tech, the Ivy League school’s Technion assisted expansion onto Roosevelt Island, just got a huge PR boost from three big names. Mayor Michael R. Bloomberg, Qualcomm Founder Irwin Jacobs, and Google Executive Chairman Eric Schmidt have all been tapped to be advisors to the new tech campus.
Now they’re like the super-important ultra-rich white guy Avengers of Cornell.
Enterproid isn’t exactly a name that rolls off the tongue, which is why Betabeat recognized it immediately when we saw TechCrunch post that the New York-based company had raised $11 million in a Series A round from Google Ventures, Comcast, and Qualcomm. The startup uses a platform called Divide to let corporations offer their employees the ability to make distinct professional and personal profiles on the same Android device.
We recognized the name from an interview Betabeat did last week with Kirill Sheynkman, the VC running RTP, a $750 million fund backed by Leonid Boguslavsky, aka Russia’s number two tech investor after Yuri Milner.
At the time, Mr. Sheynkman, who invests in IT, SaaS and cloud computing companies pointed to Enterproid as an outlier in the New York’s mainly consumer-facing tech scene.