The four-button Lifx smart switch has been recalled due to the risk of fire and electric shock.
ASX-listed Internet-of-Things and smart utility monitoring firm Buddy Platform has acquired smart-lighting company Lifi Labs which trades as LIFX for US$51 million (A$70.4 million).
Telstra has appointed technology executive Andrew Birt as entrepreneur-in-residence for the new muru-D startup accelerator Melbourne programme.
The Internet of Things is a growing and pervasive influence on all our lives and, according to one global analyst firm, there are already more than 50 billion globally connected sensors that can track, monitor and feed data to computerised systems over the Internet.
Melbourne-based Wi-Fi enabled lightbulb startup LIFX has raised $12 million in Series A funding, in a deal with Silicon Valley VC firm Sequoia.