The Internet of Things (IoT) is the theme du jour. Seemingly every vendor, technology conference and self-appointed futurist is talking up how those billions of connected devices will do everything from creating a flying car to finding a cure for cancer.
And where heady talk exists, venture money is soon to follow. And so it is with the IoT space, where we have seen a bewildering array of companies formed in recent months to tackle the problem of building solutions on top of all those dumb sensors.
Today’s example is Filament, a company that is jumping on not one, but two, buzzwords and delivering an IoT platform that is secured by, you guessed it, blockchain technology. Before we look at the product, the funding news first. Filament has raised $5 million from a plethora of different investors. Bullpen Capital is leading the round and is joined by Verizon Ventures, Crosslink Capital, Samsung Ventures, Digital Currency Group, Haystack, Working Lab Capital, TechStars, and existing investors.