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Saturday, July 28, 2018

Tuya aims to drive AI for the IoT

By Nick Flaherty

Tuya Smart has raised $200m in its third round of funding to drive artificial intelligence for the consumer Internet of Things. This is part of the positioning of IoT infrastructure companies for future growth, handling petabytes and exabytes of data with minimal latency.

The Chinese company, founded by former executives of e-commerce giant Alibaba, aims to be major player in the IoT, providing artificail intelligence for IoT devices using the Alibaba and Amazon cloud services. A key point is that it is agnostic to the wireless and cloud technologies used for smart devices. It receives over 20 billion device requests and over 10 million AI interactions every day, and the amount of data accumulated has reached 1PB.

Tuya Smart’s platform has covered around 200 countries and regions including China, the US, Europe, the Middle East and ASEAN countries, and its smart products are present in more than 100 countries and regions. Tuya says it has designed smart solutions for almost 11,000 products, reaching tens of millions of consumers.

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