1248 Ltd, a spinout from Cambridge Computer Laboratory which makes Internet of Things (IoT) infrastructure technology and was founded in 2013, has raised a £250,000 ($415,265) investment from entrepreneur Rob Dobson, who founded Actix. The Cambridge Computer Laboratory retains a 1% ‘golden share’.
Dobson, who will become chairman of 1248, said: “The Internet of Things wave is building and 1248 is in an ideal position to help companies break down vendor silos and implement open IoT solutions at scale. 1248 is one of the few startups whose founders have real experience of taking connected products to market in the millions and have a real practical and scalable approach to harnessing the opportunities presented by the IoT.”
Pilgrim Beart, 1248 CEO, said: “The name 1248 reflects the ability of the IoT to scale to very large numbers and Rob’s experience of managing connected products extends into billions.”