Resideo acquires water management device maker Buoy Labs.
Resideo, the Honeywell spin-off, is making good on its pledge to focus on comfort, security, air quality, and water usage. Buoy Labs, founded in 2015 in Santa Cruz, California, makes a device installed by a plumber on a home’s primary water line and provides information about water consumption. CEPro
dis-rup-shun: Water, perhaps more than electricity, is becoming a scarce resource, and detecting leaks or floods are critical to preventing damage to the home. Eco-friendliness, however, has never been a sufficient market driver to sustain suppliers of smart home equipment. If municipalities choose to subsidize the cost of water control equipment in order to educate consumers on how to use water more wisely, they could drive the market. What is more likely, however, is that insurance companies provide discounts to those that install water management systems that can prevent disasters and enable insurers to collect detailed data about their customer’s water usage.
The beginning of the 2019 IPO flurry.
Lyft’s $2.2B IPO last week scored prices of 11x revenue. The IPO price is deemed to be reasonable by analysts who site that Lyft is both a high growth and positive cash flow unicorn. TechCrunch
dis-rup-shun: There is increasing pressure on other unicorns, including Uber and AirBnB to get listed before the oft-speculated recession of 2019 arrives. But first, Uber has done some shopping, paying $3.1B to acquire a Middle Eastern competitor, Careem. The move likely is designed to provide more punch to the upcoming IPO and justify higher prices than Lyft.
Canon CLIQ camera joins Fuji in instant camera with printer built in.
The CLIQ is a camera and a printer that holds up to 10 sheets of paper and comes in two models for $100 or $160. The 8 megapixel camera prints instantly on 2×3 inch paper stock. TechCrunch
dis-rup-shun: The photo printing industry, including pioneers Polaroid and Kodak were mortally wounded by digital photography then finished off by the ubiquity of the smart phone. Consumer expectations today are for instant (not next day) results, and an instant printer may be the novelty that gets you all the attention at the next birthday party — but don’t expect photo supplies to be the next growth industry as this application is niche-y at best.
SmartThings picks up another smart home device partner.
FIBARO, an elegant line of Z-Wave-powered devices from a Poland-based smart home device company has announced compatibility with Samsung’s SmartThings platform, meaning that FIBARO owners can now add dozens of devices to their smart homes. CEPro
dis-rup-shun: DIY smart home technologies are becoming, slowly but surely, more mainstream, but are still limited by many incompatible and incomplete choices. SmartThings offers the widest array of compatible DIY devices and may eventually create a large enough collection of devices that smart home innovators will focus energy on building intelligent applications that sit on top of SmartThings’ hardware. Just like the early PC and smartphone days, rapid innovation will flourish once an open and complete hardware platform exists.