LoRa based The Things Network Gets Tencent Investment

Forums IoTStack News (IoTStack) LoRa based The Things Network Gets Tencent Investment

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      #News(IoTStack) [ via IoTForIndiaGroup ]


      Breakthroughs that could tip the balance for mass deployment of LoRaWAN devices and gateways.

      As CEO of The Things Industries (TTI), Giezeman has been building an open community LoRaWAN network called The Things Network (TTN). He wants to break the hold of operators of proprietary closed networks, many of whom were using subscriptions per device as their revenue model. To highlight the problem, one senior executive at the conference privately described to me how after Arm bought Stream Technologies, their customers were left stranded without any support.

      At his The Things Conference here earlier this month to announce some major breakthroughs that could just tip the balance for mass deployment of LoRaWAN devices and gateways. This includes a very low cost $69 indoor gateway, a generic software defined IoT node device incorporating multiple sensors, a security chip in conjunction with Microchip Technology, and a partnership with Tencent to accelerate LoRaWAN network expansion among the Chinese developer community.
      The slick, well-coordinated announcements were right out of the textbook of Steve Jobs’ Apple in the early days. The 1,300 or so members of the excited audience gasped, cheered and applauded at each of piece of news. It almost felt like Giezeman was the Pied Piper, leading his dedicated followers, all determined to join him on his mission to democratize the IoT.


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