A stealthy Boston startup burst onto the scene Thursday with a newfound $3 million in financing to bring the "Internet of Services" into action, reports TechCrunch.
The company in question in MachineShop, which offers services designed to help developers connect apps to physical devices to deliver services. Interestingly, this round of financing comes from the startup's customers and partners, including developer of silicon and software for consumer electronics CSR, financial security systems company Diebold and incorporated and software services company Xchanging.
The company bills itself as "the on-ramp to the Internet of Services and will forever change the way organizations and developers engage data, information and events from the hyper-connected world." Basically, MachineShop aims to create a Service Exchange for developers at companies and organizations. MachineShop supplies a variety of APIs to the organizations' developers, who are then able to use software to program and sync up to a wide array of hardware, like security cameras and alarm panels. In addition to its own APIs, MachineShop also offers others from third parties to control weather, traffic and location.
Internet of Things vendors are poised to top $309 billion in direct revenue by 2020, with the majority of said sum stemming from services, reports Gartner.
Started in 2012, MachineShop employees around twelve employees from its office on Atlantic Avenue in Downtown Boston.
