Vietnamese tech major FPT invests in US-based IoT company Homa

Vietnamese tech major FPT Corporation has made a strategic investment in US-based IoT devices provider Homa Techs Inc to develop smart home solutions, according to a company statement.

Terms of the investment were not disclosed.

The Vietnamese company said, the strategic investment has been made through its unit FPT Software.

“FPT sees great value in Homa’s smart home technologies and solutions. With a network of partners and clients spanning 45 countries and territories, we are excited to work with Homa to bring this family of products to millions of residents and help to accelerate the development of smart buildings and smart cities in Asia”, FPT’s CEO Nguyen Van Khoa said.

Homa offers services in smart factory, digital platforms, RPA, AI, IoT, cloud and AR/VR, among others. It claims to have served over 600 customers worldwide including Fortune Global 500 companies across sectors such as  aerospace and aviation, automotive, banking and finance, utilities, logistics and transportation.

Homa has launched Multi-Protocol IoT Hubs, which integrate up to 240 devices in the house with IoT applications, such as switches, smart plugs, light controllers, sensors, door bells, door locks with camera, mobile apps and home service software.

Founded in 1988, FPT is a listed tech company with a market capitalisation of around $1.4 billion. The group has interests in telecom, IT, education and startup incubation.

 

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.