Ineda secures $17 million in funding for wearable tech development

M2M chipmaker Ineda Systems has secured $17 million in funding from a number of investors, including Walden-Riverwood, Samsung Catalyst Fund, Qualcomm and IndusAge Partners.

The company says it will use the money to accelerate the development of its wearable processor unit, which is aimed at devices such as smartwatches and health and fitness trackers.

Philips launches home medical alert service

Dutch tech giant Royal Philips has launched a new medical alert service in the US that will notify emergency services if a user has fallen within his or her home.

The technology is aimed at elderly healthcare patients who may be too incapacitated to push a button on a standard remote-monitoring device, or use a phone, in the event of an accident at home.

It is also designed to eliminate the need for a landline, with more than a quarter of US households having already taken this step, according to data from the latest US Census Bureau.

InfoBionic to commercialize cardiac-monitoring service with new funding

Digital health player InfoBionic says it has raised a total of $17 million in a financing round led by Safeguard Scientifics, which will acquire “20% primary ownership” of InfoBionic as a result of the transaction.

InfoBionic (Lowell, MA, USA) is focused on developing patient monitoring services for chronic disease management and says the financing marks a “significant milestone” in its development, expansion and commercialization.

Humana, Pharos flag remote-monitoring tech trial for diabetics

Healthcare insurance provider Humana has launched a trial of remote-monitoring technology for diabetes patients in partnership with tech player Pharos Innovations.

The trial is to last for a six-month period and involve some 500 Humana Medicare members in Texas, Illinois, Michigan and Wisconsin.

In a statement, Humana (Louisville, KY, USA) said it aimed to improve self-care management and reduce hospital admissions and in-patient costs through use of remote-monitoring technology.

M2M Spectrum Networks to build first US dedicated IoT network

A recently formed company calling itself M2M Spectrum Networks has unveiled plans to build and operate what it says will be the first licensed dedicated M2M network across the US.

Founded last year by entrepreneurs Barclay Knapp and Carole Downs, M2M Spectrum Networks (Phoenix, AZ, USA) says the rollout of its network will occur in “multiple phases”, with trials scheduled to begin in the second quarter of the year.

However, Knapp and Downs expect the network to cover 75% of the US population by the end of 2015 and 95% by the end of 2016.

Telit launches automotive business following NXP deal

Telit has launched a new automotive business unit following its takeover of a platform business from Dutch company NXP Semiconductors.

The UK-headquartered hardware player says it has now completed the acquisition of NXP’s (Eindhoven, Netherlands) automotive telematics on-board unit platform (ATOP) business, which develops technology allowing vehicle makers to implement eCall or similar functionality in a straightforward and cost-efficient way.

Kore provides M2M platform to Singapore's StarHub

Kore Systems says it has begun providing an M2M service management platform to Singaporean telecom operator StarHub, which plans to launch a number of fleet and asset management services based on the tie-up.

The operator has been ramping up activities in the M2M area and sees the Kore platform as a vital component of its offerings to a number of vertical markets.

Smart-city revenues to exceed $3.5 billion annually by 2020: Navigant

Annual revenues from smart-city communications networks will exceed $3.5 billion by 2020, says Navigant Research in a new study.

According to the market-research company, smart-city networks are likely to generate $2 billion in revenues this year, as growing interest in the potential of M2M technology spurs technology adoption, and sales look set to continue growing over the next eight years.

u-blox 4G module wins Verizon Wireless certification

M2M hardware player u-blox says its new 4G LTE module has been certified for use on the network of US telecoms giant Verizon Wireless.

The Swiss company says certification opens the door to the development of M2M services and applications that will function on one of the country’s biggest 4G networks.

Customers will from now on be able to design the TOBY-L100 LTE module – as it is called – into devices operating on Verizon’s (New York City, NY, USA) LTE system.

Ride service Uber dials into courier business

Reuters

App-based ride company Uber will start delivering on its promise of expanding its business into logistics on Tuesday when it launches a trial courier service, Uber Rush, in Manhattan.

"Better, faster, cheaper," is how Uber's (San Francisco, CA, USA) general manager in New York, Josh Mohrer, described the service in a tweet to Reuters. Customers will be able to watch the progress of their packages in its transportation application, much as they can track the progress of the cars they order up on the service.

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