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Autodesk Invests in Israeli IoT Co Jumper

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Monday, February 27th, 2017

The Tel Aviv based company provides a platform that streamlines the process of developing and testing embedded software for Internet of Things (IoT) products.

As reported in Globes:

US engineering and entertainment software Autodesk Inc’s Forge Fund has announced an investment in Israeli startup Jumper, which provides a platform that streamlines the process of developing and testing embedded software for Internet of Things (IoT) products. No details about the size of the investment were disclosed but Israeli media reports suggest it was $2 million.

Jumper is helping democratize IoT product development for companies of all sizes. Currently, only the largest companies with big budgets have the ability to simulate and test IoT products in virtual environments. Jumper makes it easy to simulate how embedded software will perform prior to building physical prototypes. Jumper’s software can help manufacturers develop IoT products more efficiently and go-to-market more quickly as a result of reduced R&D time, more rapid product prototype iterations and the ability to test ongoing product updates, including security patches.

In Australia, all the major telcos are upgrading their LTE networks to enable IoT products. IoT is expected to become a $4 billion industry by 2020 in Australia.