Sunday, August 10, 2014

IoT: "Jasper", valued $1.4B

How Jasper, A $US1.4 Billion 'Internet Of Things' Startup, Saved Tesla From Catastrophe | Business Insider:
"Jasper, founded in 2004, is considered one of the early pioneers in this area. It provides a cloud-based IoT platform for companies to connect its product to the Internet, essentially turning it into a complete service package...

Take Tesla (Motors), for example. In January, the National Highway Traffic Safety Administration ordered Tesla to recall 29,000 of its Model S cars and fix a problem that was possibly causing engine fires. Using Jasper’s technology, Tesla was able to connect to all 29,000 cars and update them overnight, raising their chassis by about an inch — without having to physically recall any of the vehicles."