IoT Strategies

Startup Collects $4M to Target IoT Niche

Scriptr.io, a startup that appears to have found a unique role to play in the Internet of Things, has raised $4 million in Series A funding.

The company has devised a cloud-based platform that developers can use to run custom web services connecting IoT devices. The approach includes a browser-based integrated development environment that enables developers to write their software, which is hosted in the cloud platform. Developers can build their own cloud APIs in minutes, Scriptr.io claims.

The approach relieves Scriptr.io's clients from having to host infrastructure, database and application servers, libraries that integrate with third-party APIs, and other infrastructure deployment and management operations.

Scriptr.io CEO and founder Rabih Nassar noted that there are standards in the network layer (e.g., WiFi, Zigbee, etc.), and at the protocol layer (e.g., WebSockets), "but above that, that's where you find the big problem."

Nassar told Light Reading, "There has never been a standard at the application layer for anything. But you do need a platform, and we think we did a pretty good job of building one."

Want to know more about the connected world? Check out our Internet of Things channel here on Light Reading.

The problem derives from hundreds of manufacturers rushing to market with devices that too often will connect only with other products from the same manufacturer.

That might be initially acceptable in early IoT markets such as home automation, but it won't be tolerable in vertical markets that are beginning to coalesce, such as automotive and health services.

"People are coming to us saying 'we have the data, we have the sensors, we have the cloud, but we need the applications, we need the orchestration.' At this stage, we help them build that, on a case-by-case business," Nassar said.

The company is already working with at least a couple of heavy hitters in the cloud and enterprise IT worlds. Scriptr.io plans to use the funds it received for market expansion.

The funding round was led by Middle East Venture Partners (MEVP), Berytech Fund and Insure & Match Capital (IM).

— Brian Santo, Senior Editor, Components, T&M, Light Reading

CTO61885 2/18/2016 | 10:51:26 AM
Scriptr.io to Target IoTNiche Congratulations to Scriptr.io CEO and its founder Rabih Nassar, on its successful funding.  I have worked with Rabih at Vidavee, an internet based mobile video content management and video tagging and mashup tool technology, founded by Tom Gilley CTO,  acquired by Vignette which was itself acquired by OpenText.  Rabih is a brilliant engineer and visionary who clearly knows his stuff.  I'm sure, given Rabih's savy and tenacity, that Sriptr.io will show us some amazing and valuable new technology that will change the world of IoT.   This is a company to watch.  
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