Slashdot Mirror

← Back to Stories (view on slashdot.org)

Samsung Buys Kickstarter-Funded Internet of Things Startup For $200MM

Posted by Soulskill on from the keeping-up-with-the-Googses dept.

jfruh writes: In September of 2012, SmartThings took to Kickstarter with the promise of delivering an "Internet of things" package to backers, including a hub device that would control various home gadgets via the user's smartphone. They aimed to raise $250,000. They got $1.2 million. And now they've been bought by Samsung for a reported $200 million, as the South Korean electronics market tries to get a foothold into this emerging market.

1 of 107 comments (clear)

  1. Peak Hype by biodata · · Score: 1, Offtopic

    This must be what Gartner meant

    --
    Korma: Good