Dutch Airline KLM just invested in an IoT startup

Undagrid’s technology lets devices form their own self-expanding network, instantly, without any configuration or the need for any type of controller.

Sourced through Scoop.it from: www.businessinsider.com

Dutch ‘Internet of Things’ startup Undagrid has raised an undisclosed amount of seed funding from KLM (Royal Dutch Airlines), Amsterdam airport Schiphol, Rabobank and the Delft University of Technology – who together manage an investment fund dubbed Mainport Innovation Fund (MIF).  Undagrid basically offers a platform to connect devices with each other and the Internet.   The company’s technology lets devices form their own self-expanding network, instantly, without any configuration or the need for any type of controller. Crucially, Undagrid claims it can work on a single battery for multiple years.   An IoT network sounds simple enough, but there are massive opportunities for enterprises to use the technology – no wonder Undagrid targets the aviation, logistics, building and agriculture industries.

See on Scoop.itInternet of Things – Company and Research Focus

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