Waygum offers the first end-to-end Mobile-App-Platform uniquely focused on the “Internet of Industrial Things” - IOIT.
We partner with different IOIT platform providers (IOT/M2M/HMI/SCADA) and provide the currently missing mobile layer for their platforms. Our existing partners and potential targets include both big players like GE, Siemens etc as well as upper middle players like Axeda, Telit etc.
The demand for the mobile layer is actually coming all the way down from the existing massive customer base of these platform players, and so we get most of our checks directly from the customers (machine tool makers like Caterpillar etc), in the form of both recurring subscription as well as metered services. We also get NRE money from our partners.
We have already booked about $100K with Siemens and are in NRE/Customer deals with three other M2M platform ecosystem.