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Nubix Raises $2.7M To Bring Containers To Tiny IoT Devices
‘You can deploy the same container, the same application to both a Linux-based microprocessor as well as a real-time operating system [microcontroller unit], and that is what nobody else can claim on the planet right now,’ says Nubix CEO Rachel Taylor. By Dylan Martin December 16, 2020, 09:00 AM EST
Nubix wants to make it as easy and scalable to develop and manage applications on tiny IoT devices at the edge as it is in the cloud. The solution? Container services for microcontroller units, or MCUs tiny, low-power chips that power tens of millions of IoT devices from connected washer machines to heat sensors in oil refineries which the company said is an industry first.
SAN FRANCISCO, Dec. 16, 2020 /PRNewswire/
Nubix today announced it has closed $2.7 million in seed financing led by Tuscan Management with strategic investment from
Chevron Technology Ventures, in addition to participation from other new investors. The new round brings the total funding for the company to $4.5 million.
Joshua Silber, managing partner at Tuscan Management, will join the company s board. The funding will be used to expand engineering and enable Nubix to further capitalize on its position as a leader in edge-native application platforms.
According to Arm, there are
160 billion devices at the edge with 6.4 billion shipped in the last quarter of 2019 alone. Two-thirds of these devices are microcontrollers (MCUs) that are rigid to innovation and inherently risky to update. Nubix solves this problem with a real-time operating system (RTOS) container and services solution for MCUs, making the development and deployment of Internet of Things (IoT) and edge applic