With the proliferation of Internet of Things (IoT) devices entering the market, IoT needs to be pushing towards a centralized model where devices revolve around closed cloud-hosted services. However, every company is going to be making every device connect to the internet without producing open source kits. Truly smart IoT devices need to operate on a data feed from devices in the home, devices outside of the home, and third party services. The only practical way for large numbers of IoT devices to integrate with deeper intelligence, is through the cloud. [Read more…]
As the the Middle East’s answer to Hulu, Cinemoz.com is the very first Arab premium video-on-demand (VOD) platform. It was publicly launched in Beirut, Lebanon in 2012 having secured the necessary funding with the help of Seeqnce, a Middle Eastern start-up catalyst based in Beirut. Cinemoz offers popular Arabic-language films and television series, and also independent documentaries and short films for free. Content is also tailored to suit each country in the Arab world. And in order to compete with other Middle Eastern VODs, they differentiate by offering brand new series, recent films, and shorts.
- Company: Cinemoz
- Started: 2011
- Raised: $1.5M in funding
- HQ: Beirut
- Linkedin Employee Count: 11
- Co-founders: Karim Safieddine (Founder and CEO)
- Product: video-on-demand (VOD) platform
- Social Media-backed community to rate and review content
- Remoz Control – Share movie on Facebook or Twitter including video snapshots
- App Fully Compatible with Mobile and Tablets
- Monthly Subscription Plan or Free with minimal ads
- Each country in MENA offered a bespoke service around the content they view
- Large online of on-demand video content
Latin America (LATAM) has never been known as having a tech scene, but they are starting to prove how radically different they are. Although still in its inception, LATAM has potential to develop new tech hubs, with venture capital (VC) investments slowly gaining momentum in select countries such as Brazil, Mexico, Chile, and Colombia. Much has changed in the past 15 years in terms of its digital tech landscape and the emergence of new tech startups. Primary factors include a fast emerging middle-class, more stable political and regulatory climates, and increasing interest and comfort levels about investing in the region by VCs from the outside.
As indicated from the chart above, VCs have started to invest heavily into LATAM in the past five years. As of 2015, investments totaled up to an estimated $4.27bn with investments up 39 percent with $3.58bn being deployed, and exits generated $1.74 billion, an 8 percent increase compared to 2014.
Brazil, Chile, and Mexico prove to be some of the most successful LATAM countries in terms to scoring VC deals. According to McGraw Hill’s “Deal Trends in Latin America” June 2014-15 data, 48 percent of the deal value is represented by Brazil, followed 22 percent from Mexico, and 19 percent from Chile.
Some LATAM countries are pushing for aggressive efforts to increase internet penetration, and they are doing so through experimentation with government-led support programs. With Mexico’s program “México Conectado,” efforts have brought the internet to nearly half of the country at 46 percent. In Brazil, fibre optic deployments in the country significantly increased internet usage, with over over 40 percent of the country’s households have broadband connectivity with an average of 2.6Mbps and the largest 4G penetration in the region. In Colombia, the Colombian government has Live Digital, a $2.5 billion campaign which aims to have 27 million people connected to the Internet by 2018, a figure representing 63 percent of the population. And Chile leads the LATAM region in terms of internet penetration at 65 percent with plans to increase to 80 percent through 2020.
There are even government partnering up with local accelerators such as Start-Up Peru in Lima, Incubar of Argentina, Brazil’s SAMPAdigital, and Colombia’s iNNpulsa. With initiatives in place and the region’s internet usage increasing, these serves as the catalyst for creating local startup environments.
The biggest advantage for a developing tech scene in LATAM is the younger demographic and their constant mobile consumption. With the availability of affordable smartphones manufactured in China and Korea at a sub price of $100, more Latin Americans are connecting to the internet and using a variety of mobile app services. According to a study by IMS and Comscore, LATAM has some of the highest social media and mobile usage rates in the world. More than 9 out of 10 Latin Americans own a cell phone and 60 percent of the mobile users consider social media apps such as Twitter, WhatsApp, Spotify and Waze as an important part in their day-to-day life. Bogotá, Sao Paulo, México City, Santiago and Buenos Aires have more users than New York or L.A. With mobile penetration expected to increase in LATAM to approximately 50 percent by 2018, the impact that this region will have on social, mobile and local startups will be tremendous.
|City||Founded||# of Employees||VC Raised (M)||Market|
|Easy Taxi||São Paulo||2011||1k – 5k||$77.00||Mobile|
|Dafiti||São Paulo||2010||1k – 5k||$249.30||eCommerce|
|Nubank||São Paulo||2013||151 – 250||$98.30||FinTech|
|Avenida||Buenos Aires||2013||251 – 500||$50.50||eCommerce|
|Properati||Buenos Aires||2012||$2.23||Real Estate|
|iFood||São Paulo||2011||101 – 250||$61.86||Mobile|
|PSafe||Copacabana||2010||101 – 250||$90.00||Software, Cloud|
|Mobly||Jundiaí Do Sul||2011||$20.00||eCommerce|
|Resultados Digitais||Florianópolis||2011||101 – 250||$7.02||Cloud|
In 2015, more than $47.3 billion was invested in by Venture Capitalists (VCs) in technology startups. The VC market is on a path to being bigger than for any year since the dot com decline after 2000. With massive quantities of money available to new companies, developers should focus their marketing to VCs based on what VCs have confidence in. Though VCs do often invest in revolutionary technology, they often invest on important improvements to technology that is already in the marketplace. Cloud services and platforms, it seems, is one of these sectors.
|VC raised (Millions USD)||Number of companies||Average VC (Millions USD)|
Note: PokitDok was analyzed as both a cloud and a healthcare technology, and PillPack was analyzed as both e-commerce and healthcare. The total VC raised only counted each company once, but average VC counted each company twice. [Read more…]
Venture capitalists (VCs) are looking increasingly to invest in technology startups because some of these startups are taking a long view and not necessarily looking for an immediate initial public offering (IPO). Thus, many private companies are electing to take advantage of this mindset and receive late-stage funding rather than going public.
Total annual VC investment topped $47.3 billion in 2014, the highest since 2001, and a large percentage of investments are going into software and Internet startups. Analysis of venture-funding investments in startups this year indicates that the largest trend is growth in the investments and developments in cloud-based services. Additionally, we have previously observed the U.S. content delivery network (CDN) industry raising $827 million in venture capital, and we expect these trends to continue.
VCs are always looking to invest in the most promising technology prospects of the year, and lately they are most excited about cloud startups. Investors see cloud startups as a rapidly growing sector with massive investment opportunity and long-term potential for delivering huge returns. Most of the major VC firms already have at least a couple of cloud companies in their portfolio, but a few sub-sectors are attracting more attention than others due to their grade of innovation and how they offer their cloud solutions for other companies. [Read more…]