Shoof Technologies Is Selected Into the Plug and Play IoT Accelerator Program

SUNNYVALE, Calif., October 3, 2017 (Newswire.com) - Shoof Technologies Incorporated, pioneer of an advanced wireless technology designed for the Industrial IoT, announced that it has been selected for the IoT Accelerator Program by Plug and Play Tech Center, the world’s largest technology investor and accelerator. After having previously been selected for the Supply Chain & Logistics Program and Food & Beverage Program, Shoof’s selection for the IoT Program marks its third acceptance into an accelerator program.  This makes Shoof one of only six startups to be chosen for three accelerator programs at Plug and Play.

“We are honored to be chosen again for Plug and Play’s accelerator program.  Our acceptance into three exclusive accelerator programs serves as a strong testament to the significance of Shoof technology.  Industrial IoT is a trillion-dollar industry, but it does not have a dedicated wireless connectivity technology. And end-to-end visibility is a must-have to optimize manufacturing and logistics processes in today’s business environment,” said Ra’ed Elmurib, CEO, Shoof Technologies. “Shoof’s advanced wireless technology is the only connectivity technology that solves this industry problem.” 

"We are amazed about the early traction and number of projects that Shoof has initiated within only a few weeks of being part of our Supply Chain, IoT and Mobility programs. As investors, we are equally excited and honored to back entrepreneurs of such caliber," says Ivan Zgomba, Partner at Plug and Play Ventures.

Shoof technology is capable of tracking assets both indoors and outdoors, covering a range of up to 2 kilometers non-line of site, and connecting up to 100,000 tags per base station. Shoof makes transporting data from assets anywhere to the cloud effortless.

Though the applications for Shoof technology are far-reaching, Shoof’s primary focus today is to solve the problem of end-to-end visibility of assets in motion in the $40 billion-dollar logistics market. Shoof expects pilot programs with multiple tier-1 customers to launch shortly.

About Shoof Technologies:

Shoof is a pioneer of an advanced wireless technology designed specifically for the Industrial IoT and the Logistics market. Shoof connects and transports data from assets to the cloud in a reliable, secure, scalable and low-cost manner. Building upon advanced wireless technology with edge intelligence, the Shoof solution combines this low-cost infrastructure with flexible cloud data access and a simple subscription business model. Join Shoof on Twitter and LinkedIn or visit www.shooftech.com.

Shoof Technologies, and the Shoof logo are trademarks of Shoof Technologies, Incorporated.

About Plug and Play 
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year.  Since inception in 2006, our programs have expanded worldwide to include a presence in 24 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com 

For further information, please contact:

Shoof Media Relations - Info@shooftech.com