Rigado’s lineup of Bluetooth modules. (Rigado Photo) , a nine-year-old Portland, Ore. startup that builds commercial IoT products and services, to Swiss wireless company . Rigado sold off its , a group that builds hardware components to enhance wireless connectivity and make it easier to link up Internet of Things devices, the companies said Wednesday. As part of the deal, Rigado CEO Ben Corrado and six other Rigado employees will join u-blox’s Short Range Radio product strategy team. Rigado’s Salem, Ore. office will become a North American engineering center for u-blox. , Corrado said Rigado co-founder will stay on at the startup and lead its technical vision as chief technology officer, and will step into the role of president. Going forward, Rigado will focus on its “edge-as-a-service” solution providing connectivity for smart buildings, asset tracking, connected retail, and other applications. “We’re very proud of both our market-leading modules division and Rigado’s fast-growing edge infrastructure gateway business,” Rau said in a statement. “The value we capture from the acquisition of the modules division will allow us to further accelerate Rigado’s growth in the gateway market — especially in key solution areas such as smart building and asset tracking.” Rigado was founded in 2010 and it raised a lifetime total of $20 million, including a just over a year ago. It has amassed more than 300 customers around the world for its edge-as-service products and connected more than 5 million commercial IoT devices. Rigado has offices in Portland, Salem, London and Shenzen, China.
Apana CEO Matt Rose. Many building operators assume that losses from water mismanagement are just a cost of doing business. thinks otherwise. Rose is the CEO and co-founder of , a Bellingham, Wash.-based startup located north of Seattle that helps Fortune 500 brands and other customers manage their water use. The startup today announced a $11 million funding round led by existing investor , a Tokyo-based company, as well as others that previously invested including Cowles Company, E8 Fund, and Urban Innovation Fund. Rose, a former Navy pilot who has a software development background in healthcare and defense industries, founded Apana in 2014 with , who has more than two decades of experience building and maintaining wastewater treatment plants. Apana helps companies manage their water usage. (Apana Photo) They’ve helped build a product that combines IoT devices with cloud-based analytics software to measure and analyze building-wide water use. It alerts users to potential problems and helps address areas of optimization. Rose said that customers typically see between a 15 and 30 percent reduction in water use, which is more valuable given in big cities. He said the system pays for itself in 18 to 24 months. Apana has customers such as Costco and MGM Resorts International in more than 600 cities globally, but Rose said the opportunity remains large. He noted that less than 1 percent of commercial, industrial, and institutional buildings in the U.S. have any kind of water management system. “This type of solution has not readily been available, because without some sort of IoT solution connected to analytics and reporting, it’s nearly impossible to do,” he noted. Total funding to date for Apana is $15.5 million. The company, which its seed round more than two years ago, employs 16 employees.