IoT Startup Atomation Raises $1M

February 1, 2016 | Israeli Internet-of-Things startup Atomation has raised $1 million in a financing round led by US venture capital firm JANVEST Capital Partners. Also participating in the investment round were Moshe Hogeg’s fund Singulariteam, a group of Australian investors from the telecoms industry, and Vocus Communications deputy chairman Tony Grist. Founded in 2014 by CEO Guy Weitzman and CTO Eran Keshet, Atomation is building an ecosystem of “atoms”, or modular hardware with Bluetooth 4 BLE connectivity, which gives any array of products IoT functionality. The company recently signed agreements to implement its technology in agriculture, consumer electronics, and medical devices, and also released a mobile SDK for mobile developers to begin creating IoT-based applications.