IAG eyes more IoT investments

IAG has made its first investment in Internet of Things (IoT) technology through its corporate venture arm Firemark Ventures and is keen for more if the right opportunities come along.

Last week the business announced it has taken a minority stake in Adelaide-based Myriota, a rapidly growing start-up specialising in low-cost and low-power satellite connectivity for IoT applications that counts former prime minister Malcolm Turnbull among its investors.