Jahangir Mohammed’s iconic fishing trip is now part of company folklore at Jasper Technologies. Heading to Lake Tahoe a decade ago, his car engine warning light lit up so Mohammed detoured to find a mechanic. Turns out that the auto only needed a simple computer reset, but the incident led Mohammed to contemplate what it would take to pave the way for a connected car that knew how to reboot independently. It was an idea that that ultimately gave birth to a vision now valued at around $1 billion. Jasper’s technology enables so-called machine-to-machine communications via the cloud. Yes, we’re talking about yet another contender in an increasingly-crowded marketplace of companies selling products and services to work in the Internet of Things.

Read the full story at CNET.

Like it? Tweet it.

"Jasper Technologies May Be the First ‘Internet of Things’ IPO" by @ShellyPalmer

600,000 subscribers and counting...

We write a daily newsletter featuring current events and the top stories in technology, media, marketing and entertainment.