SOFTWARE AND TOOLS
Onomondo | November 22, 2022
Getting an Internet of Things (IoT) project off the ground has historically looked something like this: you receive your IoT device, you choose a provider and a data plan, the provider or carrier sends you a SIM card, and you then insert your SIM into your device to connect to your provider. However, if you want to switch to a different provider, you’ll need to physically remove the SIM card from every device and repeat the same process with the new provider. For many IoT projects, particularly those in remote or isolated locations, this is a friction-filled process, often resulting in vendor lock-in, hindering the uptake and scaling of projects.
So-called “eSIMs” have grown in popularity in recent years to tackle this friction. Enabled by eUICC (Embedded Universal Integrated Circuit Card) standards, users can now load new carrier profiles digitally, over the air, eliminating the need to physically swap SIM cards. While this solution offers more flexibility than regular SIMs, the commercial agreements can be equally binding through bootstrapped network profiles, and hardware still needs to be installed into each device.
The Onomondo SoftSIM offers a new frictionless pathway. The SIM is downloaded from the cloud onto chipsets already found in devices which brings IoT time to deployment down to virtually zero. The Onomondo operator agnostic approach, which gives customers the ability to choose their network and exactly the type of service they need depending on the product they are tracking, means that customers don’t suffer from any hidden lock-ins or unnecessary costs. Making the SIM downloadable also means that customers only start paying to track their devices when they need to, rather than paying upfront for a SIM card and associated costs in connection to its installation. For users, this means lowering the bill of materials for companies rolling out IoT by between 50-90% depending on the scale of the fleet.
Onomondo has redesigned existing IoT connectivity architecture through integrating more than 700 operators at the Radio Access Network (RAN) level across more than 180 countries, as well as layering its own API-based IoT platform on top. With the new SoftSIM, as soon as the SIM is downloaded, assets can seamlessly move across national borders without the inherent complexity of roaming. Onomondo customers can also gain granular, real-time insight into the performance of each connected device, allowing them to tap into their global grid and troubleshoot IoT devices from anywhere. Data is transferred directly across the Onomondo virtual network to one of the firm’s cloud partners (Microsoft Azure, AWS, IBM Watson and more), so enterprises can easily understand what is going on between devices and the network, through to the core network, and on to the IoT cloud from a single interface.
“The move to a plug and play SIM card is the catalyst that IoT has needed to be deployed at scale and to start to reach its full potential. In terms of significance, we see the development of a downloadable SoftSIM as comparable to the impact that the Cloud had on the internet. By eliminating the requirement for a complex physical connection, it removes an important friction point as well as opening the door to a broad spectrum of people to bring true innovation and creativity to IoT as the customer needs develop. The SoftSIM will also make an important contribution to improving IoT sustainability, eradicating the need for billions of chips a year to be manufactured, transported and installed.”
Michael Karlsen, Co-Founder & CEO, and Henrik Aagaard, Co-Founder & CTO at Onomondo
Based on a Trusted Connectivity Alliance report, in 2021 SIM card production resulted in 560,000 tons of CO₂ emissions and 18,000 tons of plastic. SIM production is expected to grow rapidly as connected IoT devices are predicted to reach 27 billion by 2025. SoftSIM has the potential to reduce CO₂ emissions, while virtually eliminating the plastic and polymer waste resulting from SIM card production. Innovations like these are important steps for the ICT industry to meet its goal of reducing greenhouse gas emissions by 45% between 2020 and 2030.
Earlier this year Onomondo announced a new $21m growth investment led by Verdane, a leading growth equity investment firm that specialises in scaling digital consumer, software, and sustainable society businesses. Onomondo will leverage the new funds to drive growth and meet its planned projection of tripling its ARR in 2022 and 2023. The company also plans to scale its team from 50 to 100 over the next year, helping to expand its customer base, which currently includes the likes of Bosch, Carlsberg, and Maersk.
Sumitomo Corporation of Americas | November 25, 2022
Sumitomo Corporation of Americas ("SCOA") announced today its investment in ClearBlade, an Internet of Things (IoT) company headquartered in Austin, Texas. SCOA's investment will help the company expand its operations internationally and provide SCOA and affiliated companies' access to ClearBlade's world-class software.
ClearBlade's IoT, Edge, and AI software has been in use at some of the largest companies in North America, spanning several industries including transportation, energy, industrial products, and manufacturing. The company has proven success at scale and is ready to expand its operations around the world. Their software is both flexible and scalable.
The new growth capital provided by SCOA and other investors will be used to help grow ClearBlade's software install base and to support those customers via SCSK USA Inc., a Sumitomo Corporation's IT service company. Looking ahead, ClearBlade sees significant opportunities in the transportation and energy sectors. Their recent launch on the Google Cloud Platform has brought them substantial new SaaS business from around the world, specifically in the Asia Pacific region.
"We are thrilled to announce our participation in ClearBlade's growth to provide efficient, scalable, IoT solutions across multiple industries, SCOA and ClearBlade have been working together over the past few years and we are excited to build on the trust and success we have developed together. Globally, Sumitomo Corporation is engaged in many digital transformation projects and we look forward to drawing on our experience and collaborating with ClearBlade. ClearBlade has many innovative and strategic benefits over other IoT companies, and the ecosystem ClearBlade is creating will help bring their unique technology into several new markets."
Taketo Kokubo, Senior Vice President and General Manager, Media & Digital Business Group, Sumitomo Corporation of Americas
"Since 2007, ClearBlade has been delivering the most flexible, secure, and scalable software available for IoT. Our award-winning, patented approach is built differently than all others and it is proven at scale across multiple industries," said Eric Simone, Founder, and CEO of ClearBlade. "We are extremely excited to be partnering with SCOA, bringing our innovative technology to Sumitomo business and joint customers around the world."
SCOA is an avid investor in digital and advanced technology and ClearBlade marks the company's first foray into the commercial IoT and Edge computing space in the Americas. With its integrated global network, ties to emerging technologies, and longstanding relationships throughout several markets, SCOA is well-positioned to help ClearBlade achieve its growth goals. Furthermore, this investment aligns with SCOA's company digital transformation initiatives and is a strategic move by SCOA to aid in those efforts.
ClearBlade, Inc., headquartered in Austin, Texas, is a privately held Internet of Things (IoT) software company. ClearBlade is an emerging leader in IoT, Edge computing, and AI software across multiple markets including transportation, energy, industrial products, and manufacturing. For more information about ClearBlade, Inc. visit the company's website at www.clearblade.com.
About Sumitomo Corporation of Americas
Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has eight offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading traders of goods and services. As an integrated business enterprise, the firm has emerged as a major organizer of multinational projects, an expediter of ideas, an important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide. Its core business units include Tubular Products, Environment and Infrastructure, Steel and Non Ferrous Metals, Transportation and Construction Systems, Chemicals and Electronics, Media and IOT Applications, Real Estate, Mineral Resources and Energy, and Food.
SORACOM | November 23, 2022
KDDI CORPORATION and SORACOM, INC, a global provider of advanced IoT connectivity services, today announced that SORACOM has applied to list its shares on the Tokyo Stock Exchange.
Soracom joined the KDDI Group in August 2017. Since then, Soracom has grown its IoT connectivity platform to support over 5 million IoT connections* for more than 20,000 customers worldwide in industries ranging from energy and manufacturing to payments, consumer electronics, healthcare, and agriculture .
From day one, Soracom has made its mission to deliver a global connectivity platform that accelerates speed to market for the teams building tomorrow’s connected world and helps them to pursue success at any scale.
To further accelerate its own business growth and global expansion, Soracom began preparation for a potential public offering in 2020. KDDI and SORACOM describe this as a “swing-by” IPO, in which a startup grows with the support of a larger company prior to public offering, as if a space probe accelerates using the gravitational mass of a planet. With appropriate corporate governance systems now in place and demonstrated capacity for independent management, Soracom has now applied to list its shares on the Tokyo Stock Exchange.
Prior to any such listing, it is necessary to obtain listing approval from the Tokyo Stock Exchange and complete examination by the Japan Exchange Regulation. This application does not establish any specific commitments regarding listing availability or timing.
This press release has been prepared for the sole purpose of publicly announcing that the Company has applied to list its shares on the Tokyo Stock Exchange, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Any securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. If any public offering of securities is made in the United States, it will be made by means of an English language prospectus prepared in accordance with the U.S. Securities Act of 1933.