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Chip developer hopes to seize IoT surge

February 24, 2016 |
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It is estimated that over eight billion devices are currently connected to the Internet. In the next decade, this number will likely hit 50 billion and keep rising. But don’t worry—Riot Micro is ready for the surge.

The Vancouver-based company has developed an energy efficient cellular optimized chip for IoT (Internet of Things) devices that extends battery life and can be deployed easily without additional infrastructure. This innovative product is set to hit the market later this summer.

Little sensors can make a big impact and are changing the way people go about their lives. IoT refers to a network of physical objects—including devices, vehicles and homes—that are embedded with electronics, software and sensors, making them capable of collecting and sharing data. Unlike smartphones or apps that need a person-to-machine interface to collect data, IoT devices fall under the category of machines talking to machines (M2M).

IoT devices range from sensors in automobiles that receive updates and information to heart monitoring implants and smoke detectors that relay emergency information to wearable devices that collect and send data.

“The smartphone market has been dominated by a few suppliers in terms of supplying chips,” says Greg Wynans, Director of Marketing for Riot Micro. “At the end of the day, there will just be a few companies supplying IoT chips. We believe we’ll get a good piece of that.”

Riot Micro is one of forty ICT West delegate companies participating in this year’s Mobile World Congress (MWC) in Barcelona, Spain. The event is the world’s largest exhibition for the mobile industry and brings together device manufacturers, technology providers, vendors and content owners from all over the world.

“ICT West has been really, really helpful in terms of our time at MWC by providing us with rooms for meetings and passes,” says Wynans. “They’ve also facilitated important introductions for us.”

Riot Micro recently rebranded and has approximately 30 employees in Vancouver, Waterloo, Ont., Cairo and the San Francisco area. This is their third visit to MWC.

Wynans says the company has been in contact with potential customers for years as work progresses on the chip.

“Our time at MWC means we have the opportunity to give our customers an update, as well as introduce our new branding,” he says. “And of course we’re always looking for investment. This is an expensive industry.”

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Learn more about Riot Micro by visiting riotmicro.com