Jasper has raised $50 million in funding at a valuation of more than $1 billion for software that enables objects of all types—autos, baby pajamas, airplane engines and so on—to communicate in what has lately become known as the Internet of Things.
The funding was led by Temasek, which is based in Singapore, and takes Jasper’s total funding to $205 million.
Chief Executive Jahangir Mohammed founded Jasper in 2004 after starting a previous company, Kineto Wireless, and working at AT&T Bell Labs. He said he got the idea for Jasper when his Mercedes developed trouble during a trip to Lake Tahoe and the car’s “check engine” light went on. Read More