Cloud of Things

Cloud-based Connected Field Service Solutions

Business Software
Acquired (Inactive) by Tondo Smart on Nov 2022 - closed due to acquisition

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 $1,000,000 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, primarily through its DeviceTone technology. This technology enables manufacturers and distributors to integrate IoT capabilities into their products, offering cloud-based management and maintenance services for both consumers and businesses. Supporting various IoT standards and communication protocols, including ULE, Zigbee, Wi-Fi, Bluetooth, Ethernet, and Cellular, DeviceTone simplifies the setup and updating of connected systems. The company's suite of open, secure cloud-based solutions is also available on Microsoft's Azure Marketplace, serving industries such as industrial manufacturing, logistics, and supply chain.

Strategic signal

In March 2022, Cloud of Things announced its acquisition by Tondo Smart Ltd., a public smart city vendor. This strategic move indicates a consolidation within the IoT and smart city sectors, positioning Cloud of Things' technology to be integrated into broader smart infrastructure projects and offering a clear exit for investors.

Company Intelligence Q&A

What is Cloud of Things' primary offering?
Cloud of Things offers cloud-based connected field service solutions, primarily through its DeviceTone technology, which integrates IoT capabilities into products for management and maintenance.
When was Cloud of Things acquired?
Cloud of Things was acquired by Tondo Smart in November 2022.
What was the total capital raised by Cloud of Things?
Cloud of Things raised a total of $1,000,000 across two funding rounds.
Which company acquired Cloud of Things?
Cloud of Things was acquired by Tondo Smart Ltd.
What is DeviceTone?
DeviceTone is Cloud of Things' core technology that enables manufacturers and distributors to quickly integrate IoT capabilities into their products, supporting various IoT standards and communication protocols.

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