Things we learned today: Coca-Cola has been experimenting with the Internet of things. Talking soda cans could be in the future.
But more importantly, Jasper, the company powering whatever such initiatives Coca-Cola has been working on, just announced a new round of funding to the tune of $50 million. Temasek led the round, which now brings Jasper’s valuation to over $1.3 billion.
Yep, an Internet of things company is now in the billion-dollar valuation club. Take that, photo-sharing apps.
The Mountain View, Calif.-based company essentially provides cloud-based software and systems that are required for a functioning Internet of things (IoT) initiative.
“Jasper deliver the real-time visibility and control that companies need to launch, manage, and monetize a successful service business, all in a single, turnkey, cloud-based solution,” the company said in an official statement.
Jasper is now partnered with over 1,000 companies that manage millions of connected products and devices through Jasper’s platform, as well as 19 mobile network operators, including AT&T, America Móvil, SingTel, Telefónica, and Teleno.
The company has already made strides in the automotive industry (real-time traffic, weather, entertainment, and maintenance services), the healthcare industry (connected medical devices and patient-caregiver communication), and the airline industry (connected jet engines enabling preventative maintenance and reduced operational costs).
It’s also been powering IoT projects for a wide collection of companies, including Alarm.com, Air Liquide, Boston Scientific, the aforementioned Coca-Cola, Ford, Garmin, General Electric, General Motors, Honeywell, Nissan, Securitas, and many more.
The company plans to put this new injection of funds toward continuing its growth and creating new products and solutions for its customers.
Jasper was established in 2004, and this new round brings its total funding to $205 million.