Smart Cities

Samsung Opens its Internet of Things Chequebook Again… And Invests in UK StartUp Evrythng

On the heels of its SmartThings acquisition this summer, Samsung has now announced that it is partnering and investing (through its venture arm - Samsung Ventures Investment Corporation) in Evrythng; an interesting UK based Start Up that provides software to give every single object in the world a unique web-addressable URL. The aim being to build a social network for the Internet of Things. Evrythng had previously garnered $7m in a Series A funding round from BHLP, Dawn Capital, Cisco and Atomico. Details of Samsung's investment were not disclosed. Undoubtedly much of what Samsung saw in SmartThings is also what they see in Evrythng, a platform. The combination of software and embedded systems that can reach beyond their smart home initiative and encompass various hardware partners. The Smart Home is a key battleground in the war between Google and Samsung. And right now they are both on the offensive. Nest (owned by Google) just acquired […]

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