EVRYTHNG, the Web of Things software company making products smart by connecting them to the Web, Thursday announced an investment from Samsung Venture, the global investment arm of the Samsung Group. The latest partnership is seen as a step ahead for Samsung in developing its Smart home business. Samsung, a few months back acquired smart home hub maker SmartThings to develop open smart home platform that brings together third-party developers, device makers, and consumers.
EVRYTHNG’s software-as-a-service (SaaS) platform and Web of Things technology connects products to the Web, making it possible for users to digitally interact with consumer products, appliances, electronics and industrial products through mobile devices.
Niall Murphy, Founder and CEO of EVRYTHNG
By design, many connected products today have operated in closed environments that cannot connect with products from other manufacturers. But by 2020, it is estimated that there will be more than 200 billion connected products globally — closed ecosystems that don’t horizontally connect with each other undermine the potential for success by limiting consumers’ ability to interact with multiple products from different manufacturers. We believe that the Web is the ultimate open ecosystem — embracing the Web of Things dramatically changes the course of connected products, and we’re excited by this commitment from Samsung, making the Web of Things a reality with Samsung Ventures not just for the company, but the industry as a whole.
