Vivint Founder Todd Pedersen Joins Trident IoT Board in $10M Fundraising Round

Trident IoT’s latest fundraising round will allow the company to invest in AI, cross-platform engineering and device certification.

Vivint Founder Todd Pedersen Joins Trident IoT Board in $10M Fundraising Round

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CARLSBAD, Calif. — Vivint and Vivint Solar founder Todd Pedersen led a $10 million fundraising round for silicon provider and RF technology company Trident IoT and will join the company’s board, according to an announcement.

Trident is “focused on decreasing time-to-market for connected device manufacturers,” according to the company announcement, which notes it offers Z-Wave silicon solutions and product design and development consulting services for any RF technology.

The company’s latest fundraising round “will allow the company to expand silicon/hardware solutions development, engineering support, and certification preparation services across the gamut of IoT and connectivity platforms, including Z-Wave, Zigbee, Thread, Matter, LoRa and more,” the announcement says.

As the founder of one of the largest home security service providers in the United States, Pedersen “has been instrumental in the maturation and growth of the security and smart home industries,” according to the company announcement.

Trident “has a commitment to innovation, combined with a deep expertise in wireless and RF technologies, that creates a unique capacity to fast-track IoT development,” Pedersen says in the company announcement.

“This investment is a testament to the shared belief that Trident IoT can transform the landscape of connected device technology I look forward to collaborating with the Trident IoT team to bring the next generation of IoT device solutions to market,” he says.

Trident IoT’s Upcoming Investment Plans

Trident IoT will invest newly raised funds toward the development of its artificial intelligence division, creating “purpose-built AI tools to accelerate IoT product design,” according to the company announcement.

These resources “will also allow Trident IoT to scale engineering resources and speed the development of design tools, including pre-FCC-certified System-in-Packages (SIP)s, SDKs and reference designs,” the announcement says.

“Traditional engineering paths cannot match the pace of either technological innovation or customer demands,” says Trident IoT CEO and co-founder Mike Lamb in the company announcement. “Our vision is to reduce new IoT product design timelines from 18 to 24 months to four to six months.

“With the resources gained in this funding round, as well as Todd’s unmatched perspective on the needs of both end users and device manufacturers, we will be able to extend design acceleration services to more customers and technologies,” he says.

Coinciding with the fundraising close, the Z-Wave Alliance approved Trident IoT as an official Z-Wave device certification testing lab on April 9. Trident “will continue to expand and diversify compliance testing and certification resources for Z-Wave and other platforms, allowing the company to offer holistic support for manufacturers bringing new IoT products to market,” the announcement says.

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