Internet of Things startups catch investors' eye

Four out of the 16 Internet of Things (IoT) startups mentored over the past few months by India Electronics and Semiconductor Association (IESA) and The Indus Entreprenuers (TiE), Bangalore, have received funding. The organizations said it was a promising start for IoT startups, ventures that create solutions that allow devices to talk to each other.
Bengaluru-based SenseGiz has raised $600,000 from Japanese investor New Indigo Ventures and Karnataka Semiconductor Venture Capital Fund (Karsemven). SenseGiz's flagship product Find is a track-and-find Bluetooth tag that can be used to prevent losing keys, bags and laptops.