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Smart lock maker Otto suspends operations
Otto showed the world its digital lock in August. Four months later, the company has suspended operations. Hardware is hard. It’s a cliche for a reason.
The company made the decision just ahead of the holidays, a fact that founder and CEO Sam Jadallah recently made public with a lengthy Medium post now pinned to the top of the startup’s site. The extended survey of the Bay Area… Read More
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Fleet management tracking provider Samsara raises $40M
Rapid changes in the shipping industry has caught the attention of investors who are starting to pour large sums of money into the industry. And likely for good reason: as a future where trucks are run autonomously becomes ever clearer, the sensors and software behind that is going to have to be able to keep up. One company, Samsara, is working on just those kinds of sensors and products to… Read More
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Jiobit finds $3 million for kid trackers that work indoors, not just at the park
Chicago startup Jiobit wants to use wireless technology to bring parents peace of mind whenever and wherever their kids may roam. Its flagship product is a location tracker that can stand up to the rough and tumble activities of a toddler or a tween, with a long battery life, and mobile app that sends alerts to parents when a kid has gone outside an expected range. Jiobit CEO and founder… Read More
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