Daily Archives: September 13, 2018

Nodle.io Raises $1.5M Seed Funding to Bring IoT Cryptocurrency to App Developers

Largest Dedicated IoT Network Delivers Almost Free Connectivity

SAN FRANCISCO, Sept. 13, 2018 (GLOBE NEWSWIRE) — Nodle.io, an Internet of Things (IoT) and connectivity network provider, today announced a $1.5 million seed round and the launch of a new cryptocurrency for monetizing IoT connections, applications and data. Nodle.io provides internet connectivity to IoT devices by crowdsourcing a network of smartphones. Currently over 1 million devices are connecting to the Nodle Citizen Network every day. This is the largest dedicated IoT network ever deployed to date, by number of base stations.

Blockchange Ventures led the investment round with participation from Blockhead Capital, Bootstraplabs, Olymp Capital, Mark Pincus with Work Play Ventures and Yeoman’s Capital.

“The Nodle connectivity solution is simple, plug and play, and global,” said Micha Benoliel, co-founder and CEO, Nodle.io. “The main issue IoT deployments face is that it is difficult – and expensive – to connect remote devices to the internet.”

Nodle works with application developers, consumer electronics manufacturers and telcos to use mobile phones as a decentralized infrastructure that can support hundreds of thousands of transactions per second. They have the opportunity to monetize their applications via the Nodle Software Development Kit (SDK) and earn NODL coins for helping the network to grow.

“We believe one of the richest areas for blockchain disruption will be the creation of Device to Device (D2D) commerce and communication. We invested in Nodle’s mesh network because we believe they will be at the center of this tectonic shift in landscape,” said Blockchange Ventures Managing Partner, Ken Seiff.

Nodle is making the remote mining of cryptocurrency efficient and accessible on a smartphone- using less than 1% of a cell phone’s battery life. Before Nodle’s Citizen Network of connected devices, mining coins on a smartphone would drain the battery, overheat and slow down the central processing unit (CPU).

“Few understand the massive opportunity for a ubiquitous, fail-tolerant and distributed IoT network that works for super small and low powered devices everywhere. The orchestration of a peer-to-peer IoT network will also be more effective and efficient with the implementation of applied AI. Nodle is in a blue ocean and ahead of the game here,” said Nicolai Wadstrom, Investor, BootstrapLabs.

“Nodle has solved a serious business problem for the viability of IoT device deployment in remote locations,” commented Jay Goldberg, Nodle Advisor. “Nodle is accelerating innovation.”

“When the distributed internet meets [blockchain based] micro-payments, you can enable an entirely new ecosystem for IOT devices,” said Vijay Sondhi, CEO at NMI, and former SVP Innovation, VISA.

Join the Movement
Nodle’s low cost, low energy, high bandwidth IoT network is extending coverage beyond the reach of cellular networks.  The Nodle network is live and operating today. It is free to participate or join. Contributors to the network earn NODL coins by providing connectivity through a proof of work, or “proof of connectivity”.

Join the movement.

About Nodle.io | The Citizen Network
Nodle.io is an IoT and connectivity network provider with a presence in over 50 countries. Founded in 2017 by serial entrepreneur, Micha Benoliel, the Nodle network dramatically reduces the costs of IoT device-to-device communications and makes internet access available everywhere. The company has built a network for connecting and collecting data from remote devices that do not have regular internet connections. Remote devices connect to The Citizen Network, an internet network made of crowdsourced smartphones currently comprised of 100s of thousands of devices and smartphones collaborating to provide internet access. More information can be found at https://www.nodle.io/#/landing.

Keywords: Internet of Things, IoT, Cryptocurrency, Coin Mining, Smartphone Mining, Wallet, IoT devices, IoT platform, IoT applications, IoT technology,IoT sensors, industrial IoT, IoT companies, bitcoin

Media Contact:
Heidi Groshelle
+1 415.307.1380
press@nodle.io

A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e8091318-807d-4d60-9860-97a887f7e159

PayByPhone Launches Parking Extension Feature for Apple Watch

Drivers can now extend their parking without a mobile phone

VANCOUVER, British Columbia, Sept. 12, 2018 (GLOBE NEWSWIRE) — Drivers who use PayByPhone can now extend their parking from the Apple Watch. This new feature is supported by watch OS 4.0 and above and enables drivers to park without using their phone or having to make a trip to the meter. The Apple Watch app also includes the ‘Glances’ feature, which shows drivers the amount of time they have remaining in their parking session.

PayByPhone was one of  44 companies originally chosen to launch with the Apple Watch which  is now installed on over 260,000 watches globally. This past June, PayByPhone’s Apple Watch experience was showcased at Apple’s Worldwide Developers Conference, a parking industry first and a huge achievement for PayByPhone, “The recognition is a true testament to PayByPhone’s technology and the exceptional people behind it. We continue to put our clients and consumers at the heart of everything we do and look forward to defining the future of parking and mobility as a word-class mobile solution,” remarked Andy Gruber, PayByPhone CEO.

PayByPhone is available in cities across North America, the United Kingdom, France, Australia, and Switzerland, and assists 17 million registered users pay for their parking in seconds.

ABOUT PAYBYPHONE

PayByPhone, a wholly owned subsidiary of Volkswagen Financial Services AG is one of the fastest growing mobile payments companies in the world, processing more than $345.6 million in payments annually. Through the company’s mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines. Registration is quick and easy, and the app reminds the user when their parking is about to expire, allowing them to top up from anywhere, at any time.

CONTACT

Name: Megan Smit
Designation: Marketing Director, PayByPhone Global
Email: msmit@paybyphone.com
Mobile: (+1) 650 – 451 – 2489

A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/592c5f04-8123-4316-a0eb-18ec62176dbd