AT&T Investing Up To $200m Into Minneapolis VC Coral Group

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Via News Release

“DALLAS, July 6, 2017 /PRNewswire/ — AT&T* has committed to investing up to $200 million in a venture capital fund [Coral Group] as part of its ongoing effort to develop solutions to the toughest technology challenges. AT&T will work with Coral’s Communications Industry Platform (CIP) team to identify and invest in start-up companies focused on connected services and platforms. “

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Beta.MN / Byte: ControlBright

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Beta.MN/ Byte is a series underwritten by Bust Out Solutions and published in collaboration with Beta.MN for the early-stage founders between idea and execution.

 
What is the name of the company and/or product?

ControlBright

What distinct problem does this solve for who and how does this create value for them?

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Eden Prairie’s Parallel Technologies Buys Omaha Automation Firm BSS

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Via News Release

“MINNEAPOLIS – June 19, 2017 – Parallel Technologies, an industry-leading reliable data center and intelligent building solutions company, today announced the acquisition of Omaha, Nebraska-based Building Systems Solutions (BSS). The privately-held company specializing in Building Automation Controls & Energy Management solutions was purchased for an undisclosed amount. The company’s 11 employees will continue to work out of an office in Omaha.”

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St. Paul-Based Lab651 & Keystone Automation Form Joint IoT Venture

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Two St. Paul firms, Lab651 and Keystone  Automation, have joined forces on the co-creation of a new industrial internet of things (IIoT) signaling device for small and midsize facilities to measure change.

Called Praeco, it provides ongoing monitoring and real-time updates for various types of machinery and equipment sensors within the environment, configured to generate a simple text message or email alert whenever a certain state or threshold changes.

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Beta.MN / Byte: Chicken Scoop

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Beta.MN/ Byte is a series underwritten by Bust Out Solutions and published in collaboration with Beta.MN for the early-stage founders between idea and execution.

 

What is the name of the company and/or product?

Our product is called the Chicken Scoop.

What distinct problem does this solve for who and how does this create value for them?

We connect people to chicken coops and backyards through an innovative (and hilarious) chicken leaderboard with monitoring and alerting. The Chicken Scoop brings the joys of chicken ownership to you while helping you manage your flock, identify high/low performers and isolate specific behaviors by bird. As we grow, we will provide concrete metrics on chicken and flock productivity by region, species and age while keeping it fun and engaging.

How did you come up with the idea?

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Best Buy Partners With Vivint On Smart Home Services

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By Leena Rao, Fortune

Best Buy is pushing deeper into the smart home through a new partnership with Vivint, a company that installs smart home devices and solar panels in homes.

The new deal, which was announced on Thursday, places Vivint experts in more than 400 of the electronics retailer’s stores so that they can give customers advice about smart home devices and installation. Vivint, which already offers these services independently through its website, has installed more than 15 million smart home devices in North American homes.”

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New York HQ Anaren Is Breaking Into Minnesota’s IoT Scene

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Syracuse, New York-based Anaren is spreading into Minnesota with the recent hire of Jeff Liebl, recently named President of Anaren’s newly formed IoT Group.

Liebl joins Anaren after a stint of consulting and brings a diverse background spanning from wireless networking and big data to marketing.  Locally, Liebl has worked with Digi International, eBureau, and SportsEngine, among others.

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