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Exploring the AIoT Revolution: Market Growth, Trends, and Opportunities in 2025 and Beyond

The global Artificial Intelligence in IoT (AIoT) market is experiencing exponential growth, transforming industries and redefining possibilities. Valued at USD 9.25 billion in 2024, it is projected to reach USD 47.78 billion by 2033, growing at a robust CAGR of 19.8%. This surge is driven by the convergence of AI’s data processing capabilities with IoT’s connectivity and real-time insights, enabling …

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AIoT: The convergence of AI and IoT

Artificial Intelligence (AI) and the Internet of Things (IoT) are two transformative technologies that have shaped modern innovation. Their convergence, known as AIoT (Artificial Intelligence of Things), is creating smarter devices capable of advanced, localized decision-making and analysis.   Understanding AIoT AIoT refers to the integration of AI capabilities directly onto IoT devices. This deployment enables IoT systems to analyze …

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Mindgrove Technologies Secures $8 Million to Advance Secure IoT Chip Development and Expand Operations

Chennai-based fabless semiconductor design startup, Mindgrove Technologies, has successfully raised $8 million in its Series A funding round. The funding was co-led by Rocketship.vc and Speciale Invest, with participation from Mela Ventures, Peak XV Partners, Whiteboard Capital, Nishchay Goel, and new investor Anshul Goel. The funding will enable Mindgrove to fast-track the commercial production of its flagship Secure IoT chip, …

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EmbedUR Collaborates with Synaptics to Pioneer Edge AI Innovations in India

US and Chennai-based embedded software engineering company, EmbedUR, has announced a groundbreaking partnership with semiconductor leader Synaptics to develop Edge AI solutions. This collaboration aims to transform industries by bringing low-power, low-latency AI processing directly to devices. The partnership will focus on applications in image segmentation, facial recognition, and pose estimation. These technologies will enhance edge-based AI capabilities for smart …

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Tech Mahindra and USI Launch India’s First Offshore Development Center

Tech Mahindra, a global leader in technology consulting and digital solutions, has partnered with Universal Scientific Industrial (Shanghai) (USI), a renowned name in electronic design and System-in-Package (SiP) technology, to inaugurate USI’s first Engineering Offshore Development Center (ODC) in India. The center, located in Bengaluru, signifies a key milestone in accelerating innovation for smart device engineering and connected technologies. Accelerating Innovation with …

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MediaTek Unveils Innovations Driving Digital Transformation in India

MediaTek, the world’s leading fabless semiconductor company, has showcased its latest innovations at the 14th Chapter of its Technology Diaries event, aptly titled “This Chip Changes Everything.” With a portfolio powering nearly 2 billion connected devices annually, MediaTek reinforced its leadership in mobile, automotive, and IoT technologies, unveiling advancements in Generative AI, satellite connectivity, automotive solutions, 5G, and smart clusters. …

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MediaTek Showcases 5G Satellite Connectivity, Smart Vehicle Technology and Innovative Connectivity Solutions at IMC 2023 

MediaTek, the global fabless semiconductor company that powers nearly 2 billion connected devices annually, demonstrated its latest technology portfolio at India Mobile Congress 2023. The event showcased MediaTek’s offerings from various product lines, including Dimensity, Filogic, Genio, Kompanio, Pentonic, and Dimensity Auto, highlighting the company’s commitment to advancing digital solutions in India.  Among the technologies featured was the Dimensity Auto …

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SigmaSense and NXP Collaborate on Multi-Dimensional Sensing for Next-Gen Devices

In an exciting development for the world of smart devices and applications, SigmaSense, a Texas-based sensing technology company, has entered into a licensing agreement with NXP. The two industry leaders will join forces to develop multi-dimensional sensing touch interfaces, opening up a universe of new design possibilities. Lars Reger, Chief Technology Officer at NXP, emphasized the increasing demand for data …

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