Dear PropTech friends,
IoT Startups and Ventures Heating Up
|
|
|
|
Photo Credit: Crunchbase News
|
|
|
In recent years, there has been no shortage of new IoT startups responding to the increased demands for smart connected technologies. Records also show that venture funding in IoT technology continues to go up in 2018. According to Crunchbase data, investors poured $1.46 billion into U.S. based IoT startups in 2017, a 42% increase from $1.03 billion in 2016.
This week, Microsoft announced a plethora of new IoT focused updates to its Azure cloud computing platform. Amazon, on the other hand, is investing in a $6.7 million Series A round of a company called Plant Prefab. Plant Prefab manufactures modules that can be assembled quickly into a home at a job site. Soon, every home built by Amazon or its subsidiaries might have Alexa smart-home devices in every nook and cranny connected to lightbulbs, microwaves and clocks.
Another communication giant, Comcast's introduced its enterprise IoT service machineQ which leverages connected sensor, network and software technologies to enable innovative IoT solutions. The machineQ network is built using the LoRaWAN™ technology protocol, which is quickly becoming a global network standard for IoT. More excitingly, machineQ is the IoT track sponsor for MetaProp's 2018-2019 accelerator cohort!
A major concern with IoT is security. The number of malware targeting IoT devices in the first half of 2018 was 120,000 as reported by Kaspersky Lab's, which is 3x the number reported in 2017. Sophisticated hackers find various ways to breach into IoT devices including the most popular method called brute force which accounted for 93% of attacks. Armis, an IoT security company raised $30 million Series B led by Bain Capital Ventures and Red Dot Capital to address the need of advanced security technologies.
What is your take on IoT technology and investments? Tell us your insights.
|
|
Thanks for reading,
Aaron, Zach and Clelia
Follow us on    for the latest updates in #PropTech
|
|
The MetaPropCast
Scott Rechler | CEO and Chairman at RXR Realty
Listen now as RXR CEO & Chairman Scott Rechler provides his real-estate-meets-PropTech insights on The MetaPropCast, hosted by MetaProp's Phil Russo. As one of the leading real estate developers and owners, Scott and RXR are early adopters of real estate technology. Scott's leadership roles at the Port Authority of New York and New Jersey, as well as with the MTA, gives him a unique perspective on how transportation impacts real estate. In this comprehensive conversation, he shares the ways in which both can be vastly improved through technology.
|
|
|
Insurance startups have raised billions as industry players fight tech disruptors
Insurance technology companies have raised multiple billions of dollars in the past four years as venture capitalists finance industry disruptors and enabling technologies for established players to fend off new technology-based challengers. Read more
7 Questions On Proptech That Will Make You Sound Like A Pro
Investors care about proptech because they see an enormous and as of now a mostly untapped market opportunity. But the reason this opportunity exists is that operators can extract top line and bottom line gains by implementing proptech. Read more
Old Company. Troubled Industry. Inside the Effort to Reboot Century 21, the Real Estate Giant
Technology has threatened the real estate agent, but people still hate the home-buying process. Can Century 21 fix it? Read more
Prologis: The Next 10 Years In Logistics Real Estate
Once the dowdy property type in commercial real estate, industrial has become a star in recent years as e-commerce changes what industrial space is used for and where it is developed. Read more
Can Technology And Apps Ever Fully Replace The Real Estate Broker?
Over the past decade or so, we’ve witnessed massive shifts in how consumers purchase products and services. Whether it has been in travel, consumer goods or legal services, technology has enabled the consumer to work more in a self-service mode, as well as save on costs, fees and expenses. Read more
Convene Launches New Product To Design, Build Flexible Workspaces For Class-A Office Landlords
Under the leasing model, Convene collects rent from tenants who use the space, but the new offering would allow most of the profits to go to the building owner. Read more
|
|
India’s budget hotel startup OYO raises $1B for international growth
OYO, the India-based startup that operates a network of budget hotels, has pulled in $1 billion in new funding to grow its business in China and expand into other international markets. Read more
Compass nabs $400M, valuing the real estate technology startup at $4.4B
Compass, the New York startup that has built a tech-first platform to take on the antiquated market of real estate, is building up its own house today. Read more
Opendoor just raised $400 million in funding from SoftBank’s Vision Fund
It’s official. Two weeks ago, we reported that Opendoor — the four year-old, San Francisco-based company aiming to make it possible to buy and sell residential real estate with a few key strokes — was close to sealing up funding from SoftBank. Read more
Livspace raises $70 million from TPG Capital, Goldman Sachs, others
Livspace will use the funding from TPG Capital and Goldman Sachs primarily to grow sales faster, even as it seeks to expand to new cities and open large number of stores. Read more
Zumper raises $46M more to take on Zillow and the rest with its apartment rental platform
While the property market in the US appears headed for a slowdown, a startup that’s honing in on rentals is doubling down on growth. Read more
Domicile raises $5 million to build out rental site for corporate housing
Domicile aims to fit somewhere between long-term corporate lodging for newly relocated employees, and hotels that businesses use for workers in town for shorter stays. Read more
|
|
September 27, 2018
New York
CIO & Property Tech Forum | New York (Fall)
The Realcomm CIO Forum series is open to CIOs and other senior IT professionals in the commercial real estate development, REIT, owner, brokerage, investment management and related service industries in selected markets globally — New York, Sydney, Toronto, London, Chicago and San Francisco.
|
|
|
October 8 - 11, 2018
Boston
ULI Fall Meeting
Each year, the ULI Fall Meeting brings together more than 6,000 leaders from every sector of the real estate industry. By attending, you will meet developers, investors, architects, planners, brokers, academics, attorneys, decision makers, and public officials.
|
|
|
October 8, 2018
Expo Real
EXPO REAL, the international trade fair for real estate and investment, is the unmissable business platform for the entire sector – all in one place.
|
|
|
October 9, 2018
State of the Multifamily Market Roundtable Discussion
redIQ presents our first annual Multifamily State of the Market Roundtable Discussion, moderated by MetaProp co-founder Zachary Aarons.
|
|
|
November 5 - 11, 2018
New York
NYC Real Estate Tech Week presented by Blackstone
NYCRETW 2018 presented by Blackstone features 12 real estate technology events - including the flagship event MIPIM PropTech NYC - and an estimated 2000+ attendees from more than 30 countries. From panels and roundtables to startup demos and professional education sessions, attendees can expect an unparalleled, jam-packed week of PropTech action.
|
|
|
November 6, 2018
New York
MIPIM PropTech New York
MIPIM PropTech NYC is the world’s leading real estate technology events co-hosted by MIPIM and MetaProp NYC. We gather key real estate decision makers from all the value chain to connect with cutting-edge startups and technology companies to take their business to the next level and build the future of property.
|
|
|
|
For the full list of events, please visit www.metaprop.org/events.
|
|
|
|
Contact us for more information on PropTech related matters
|
|
|
|
|
