Just last month, shutdowns at Colonial Pipeline and meat producer JBS as a result of cyberattacks show how vulnerable our society is to these increasingly sophisticated attacks, leading to a greater emphasis on safeguarding critical infrastructure. Claroty is an end-to-end cybersecurity platform that’s focused on protecting the industrial economy from cybersecurity incidents. The company focuses on visibility, detection, risk and vulnerability management, and secure remote access in three areas operational technology (OT), Internet of Things, (IoT), and industrial IoT (IIoT) with solutions that integrate directly with an organization’s existing cybersecurity infrastructure. Claroty’s customers are some of the leading industrial organizations covering an array of use cases in applications like chemical manufacturing, airport management, oil & gas, utility companies, consumer goods, mining, and pharmaceuticals. In fact, Claroty is working with Pfizer to safeguard the supply chain for COVID-19 vaccine production. Through the pandemic, from the first half of 2020 to the first half of 2021 the company is expected to grow new ARR by 133% and grow the team by 50% by the end of the year. AlleyWatch caught up with CEO Yaniv Vardi to learn more about how Claroty is safeguarding the most critical infrastructure, the company’s strategic plans, latest round of funding from investors that include Bessemer Venture Partners’ Century II fund, 40 North, LG, I Squared Capital’s ISQ Global InfraTech Fund, Temasek, Team8, Rockwell Automation, Siemens, and Schneider Electric.
Vital sign monitoring is critical for health care providers to gauge a patient’s health, well-being, and responsiveness to treatment. These vitals are also indicators of future illness in many cases. Technologies using video combined with ambient light monitoring, radar, and sound made possible by modern sensors allow vital sign monitoring to now happen without contact or even remotely. Norbert Health has developed a vital monitoring solution that provides continuous monitoring for a number of vitals including temperature, heart rate, heart rate variability, and pulse wave velocity (indicator of blood pressure) with readings for respiratory rate and oxygen levels coming soon. On the back end, the company offers a robust data platform to manage these readings whether it’s in a healthcare, workplace setting, or home setting, leading to an unprecedented understanding of health patterns and illness before the onset of any visible system. AlleyWatch caught up with CEO and Cofounder Alexandre Winter to learn more about how Norbert has built the technology to make contactless monitoring a reality, the company’s strategic plans, latest round of funding from investors that include Serena Capital, HCVC, Exor, C4 Ventures, LDV Capital, and Newlab.
Medical alert systems or personal emergency response systems are a quick way for the elderly and those with health issues to receive help when it’s most urgently required. While the first medical alert systems made their debut in the 1970s, the introduction of AI and IoT combined with an aging baby boomer population will lead this market to expand to $17B by 2027. Aloe Care Health is a modern medical alert system that offers live, hand-free communications with family and emergency response teams that has integrated motion, temperature, and air quality sensors. The company’s smart hub is voice-activated and operates on AT&T’s 4G networks without the need for WiFi, connecting concerned family members in seconds without the need for intrusive cameras. Aloe Care Health provides the company’s proprietary hardware for an initial fee that starts at $149.99 for a hub and care button and the recurring monitoring and communication service starts at $29.99 per month. AlleyWatch caught up with Cofounder and CEO Ray Spoljaric to learn more about the inspiration for the business, the company’s future plans, latest round of funding from investors that include City Light, the Laerdal Million Lives Fund, Springbank, and Drumbeat Ventures.
The pandemic has accelerated the digital shift in many industries and healthcare has been a primary beneficiary. While the rise in telehealth comes top of mind, there have been a number of innovative IoT technologies that have been deployed during the pandemic to keep patients safer and care continuously like remote tracking of insulin levels and pacemakers or non-surgical robotics used for contactless disinfection. This has led to an increase in the number of connected devices being deployed in the field and ultimately these devices need to be secure. Cylera is a comprehensive cybersecurity and intelligent platform focused on IoT in the healthcare industry. The company focuses on asset management, risk analysis, and threat detection so that healthcare organizations can be safeguarded against any vulnerabilities as the adoption of devices increases. AlleyWatch caught up with CEO and Cofounder Timur Ozekcin to learn more about the inspiration for the business, the state of the healthcare IoT market, and the company’s recent funding from Concord Health Partners and Maverick Ventures, Contour Venture Partners, Two Sigma Ventures, Dreamit Ventures, Great Oaks Venture Capital, Red Bear Angels, and Samsung NEXT.
According to the American Pets Product Association, Americans spent $99B on their pets in 2020. With the growing popularity of IoT, Americans also spent ~$10B on wearables last year. Fi, the company behind a proprietary GPS-enabled smart collar for dogs, fuses the two. Aside from tracking location, the collars monitor the movement, activity, and sleep patterns of the dog and the company is increasingly focused on using machine learning to address potential health issues that may arise and be detected from the data it collects. Fi’s Series 2 collar, which has a battery life of 3 months without a charge, retails at $149 and the GPS tracking service is $99/yr. AlleyWatch caught up with Cofounder and CEO Jonathan Bensamoun to learn more about the inspiration for the business, the company’s future plans, experience managing its supply chain during the pandemic, and latest round of funding from investors that include Longview Asset Management, Advance Venture Partners (AVP), Gokul Rajaram RRE Ventures, Lerer Hippeau, and Freestyle.
Industrial companies are constantly seeking new ways to keep their workforces safe and KINETIC has been one of the key solutions. The company’s patented wearable device, Reflex, detects unsafe postures and provides real-time alerts to employees whenever they are engaging in high-risk motions. The company’s dashboard layers software so that managers and safety personnel can have a bird’s eye view into safety and incident data; now address workplace issues with a data-driven approach. AlleyWatch caught up with CEO and Cofounder Haytham Elhawary to learn about KINETIC’s technology is keeping workforces globally safe, how warehouses are able to leverage the platform, and the company’s recent funding round from investors that include Crosslink Capital, Primary Venture Partners, Nationwide Ventures, Prologis Ventures, and Ubiquity Ventures.
We often forget to listen more and talk less when dealing with problems. The same happens to be true for industrial machinery. Augury is the predictive maintenance platform that “listens to machines” to detect what is wrong using IoT sensors to understand acoustic signals to troubleshoot. Augury has compiled the largest library of machine fault data and uses this data to train its AI model. The company is on pace to triple its contracted revenue this year AlleyWatch caught up with Cofounder and CEO Saar Yoskovitz to learn more about Augury’s platform, impressive, growth in this trillion-dollar industry, and latest funding from investors that include Qumra Capital, Insight Venture Partners, Eclipse Ventures, Munich Re Ventures, Qualcomm Ventures, and Lerer Hippeau.
“That’s when the lightbulb went off in my head. This was the era of the iPhone 4, where you could already stream YouTube, and Apple had just launched FaceTime so I knew you could stream video to a mobile app, I should be able to open the building door from my smartphone too!” ButterflyMX Founder Cyrus Claffey shares more about how the company’s smart intercom system is already being used in nearly half a million apartments in five short years, the effect of the pandemic on the popularity of its offering, and the company’s recent funding round from investors that include Volition Capital, Egis Capital, RiverPark Ventures, and Stifel Financial Corporation.
As a business advisor and technologist, I often think about the large array of opportunities for entrepreneurs as technology seems to be evolving faster and faster. Yet I still too often hear the question, “Can you give me a really sure-fire idea for starting my own business?” My standard answer is that ideas are a […]
Early stage investor Trace Cohen shares what made Fi, a smart dog collar startup, a compelling investment for New York Venture Partners.
There tends to be a bit of an awkward and uncomfortable routine when using an old-fashioned intercom. People always question if they buzzed the right apartment number, if they held the button down long enough, and it always ends with guests whipping out their phone to text friends or family to buzz them in. MVI […]