10 IoT Startups That Made Noise In 2016
Submitted by Lindsey O'Donnell on
Filament
CEO: Eric Jennings
Founded in 2012, Filament taps into IoT security applications using blockchain technology.
The company offers a decentralized IoT software stack that utilizes the bitcoin blockchain to enable devices to hold unique identities on a public ledger – so that they can secure communicate. On the hardware side, Filament offers low power nodes to connect existing machinery and industrial infrastructure to the network.
In 2015, Filament landed more than $6 million in Series A funding led by Bullpen Capital and including Verizon Ventures.