Cloud of Things

Company Overview

Snapshot

Founded in January 2014 by Eliav Gnessin, Nir Frosh, and David Chouraqui, Cloud of Things operates with 1-10 employees. The company raised $1M in total capital across two funding rounds. In November 2022, Cloud of Things was acquired by Tondo Smart.

Business overview

Cloud of Things provides cloud-based connected field service solutions, leveraging its DeviceTone technology to enable manufacturers and distributors to integrate IoT capabilities into their products. The company offers cloud-based management and maintenance services for both consumers and businesses, supporting various IoT standards and communication protocols such as ULE, Zigbee, Wi-Fi, Bluetooth, Ethernet, and Cellular. Its solutions are designed to simplify connected system setup and updates, reduce time to market, and lower operating expenses. Cloud of Things' offerings, including its suite of open, secure cloud-based Connected Field Service solutions, are available on Microsoft's Azure Marketplace. The company operates within the Business Software sector, focusing on IT & Network Management and Operational Optimization Solutions, serving markets including Transportation & Logistics, Industrial Manufacturing, Commerce & Retail, Energy, Utilities & Waste Management, and Healthcare & Life Sciences.

Strategic signal

In March 2022, Cloud of Things joined the Tondo Smart Group, a leading smart city solutions provider. This acquisition is poised to generate significant synergy and new value for customers of both companies, signaling a strategic move to enhance IoT solution development and digital transformation initiatives within the smart city domain.

Company Intelligence Q&A

What was a significant corporate milestone for Cloud of Things?

In November 2022, Cloud of Things was acquired by Tondo Smart, marking a key exit for the company.

What was the strategic impact of Cloud of Things joining the Tondo Smart Group?

In March 2022, Cloud of Things joined the Tondo Smart Group, a leading smart city vendor. This move was expected to create synergy and new value for customers by combining Cloud of Things' IoT expertise with Tondo Smart's smart city solutions.

What was the collaboration between DSP Group and Cloud of Things?

In July 2021, DSP Group, Inc. and Cloud of Things collaborated to introduce a fully managed IoT cloud services gateway based on DSP Group's ULE module. This gateway was designed to securely collect sensor and equipment data using reliable wireless communications, addressing the growing demand for connected smart products.

What is DeviceTone's core functionality?

DeviceTone, a key technology from Cloud of Things, enables manufacturers and distributors to quickly integrate IoT capabilities into their products, providing cloud-based management and maintenance services. It supports various IoT standards and communication protocols to simplify connected system setup and updates.

What was Cloud of Things' involvement with the Linux Foundation's EdgeX Foundry community?

In June 2017, Cloud of Things joined the Linux Foundation's EdgeX Foundry community. The company contributed the first unified IoT connected device management solution, which is decoupled from specific IoT platforms, aiming to ensure efficient and secure operations at the edge.