Jasper has quietly become a force in the internet of things, brokering and managing many of the connectivity agreements – including AT&T’s increasing number of connected car partnerships – that link appliances, gadgets and vehicles to mobile networks. On Wednesday, Jasper announced it has raised a $50 million round led by the government of Singapore’s investment arm Temasek Holdings, and according to the Wall Street Journal, the funding raises its valuation to $1 billion. Mobile connectivity has mainly been a big factor in the industrial internet of things, where shipping, trucking and many other industries have long used machine-to-machine connectivity. But Jasper’s M2M technology is gradually creeping into the consumer realm, in particular the connected car.

 

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