Filament Nets $5 Million for Blockchain-Based Internet of Things Hardware
Filament has raised $5m in Series A funding led by Bullpen Capital and including contributions from Verizon Ventures and Samsung Ventures. The decision by Samsung Ventures, the capital arm of consumer electronics giant Samsung, marks its first public investment in a blockchain industry firm and notably follows its participation in IBM's blockchain proof of concept ADEPT. Announced in January, ADEPT used the bitcoin and Ethereum networks to enable devices to communicate as part of a wider transition toward connected consumer devices known as the Internet of Things (IoT). Co-founder and CEO....
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Filament, a technology platform company focused on Internet of Things (IoT) applications and long-range wireless sensor networks for industrial settings, is developing ad-hoc mesh networks of smart sensors for industrial applications, operating on the blockchain. Announced at the O'Reilly Solid Conference, Filament's wireless sensor devices, or Taps, can cover industrial areas with low-power autonomous mesh networks for data collection and asset monitoring. Taps have built-in environmental sensors, a USB port for other sensors or devices, and are equipped with hardware cryptographic chips....
Filament, an enterprise technology company formerly known as Pinocc.io, was able to garner $5 million in Series A funding from a number of investors, including the Digital Currency Group. The company creates smart industrial infrastructure by connecting existing machinery, equipment, and assets to a wireless sensor network. The funding was led by Bullpen Capital and was joined by Verizon Ventures, Crosslink Capital, Samsung Ventures, Haystack, Working Lab Capital, Techstars, and Digital Currency Group. Digital Currency Industry and Enterprise Technology. Filament gives industrial companies....
Nets, a Nordic payment giant which traces its roots back to 1968, has joined hands with Coinify to establish a Blockchain Development Lab. Nets joins a long list of financial services firms who are exploring blockchain to benefit from this innovation which has the potential to disrupt the market. Nets – A Nordic Payment Giant. Nets was formed in 2009 through a merger between three leading companies (BBS, Teller and PBS) in the payment cards, payment solutions and payment information space. PBS, which was established in 1968, was one of the earliest players in the electronic payment space....
Visa, Capital One, JP Morgan. While it may be expected that the world's leading financial firms would be interested in bitcoin and blockchain tech given its association with currency, the technology's range of potential use cases is attracting perhaps more surprising names. For example, Verizon Ventures, the venture capital arm of US telecommunications giant Verizon, recently invested in Filament, a Nevada-based startup seeking to use the bitcoin blockchain and Ethereum to enable Internet of Things (IoT) devices to both be tracked, and to transact, on a public ledger system. The investment....
Bitcoin and Internet of Things (IoT) are the two buzz words in the tech sphere at the moment. Bitcoin is something which we always keep talking about on this site. Internet of Things, not so much. But with the introduction of Bitcoin 2.0 and other upcoming alternatives like Ethereum, we will be forced to discuss about IoT soon. After all, the IoT will be made possible by Bitcoin technology in the coming days. What is Internet of Things? Internet of Things (IoT) is a concept where the objects and equipment area embedded with electronic sensors to create a network. These "smart" equipment....