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Kia and Samsung Partner to Integrate SmartThings Pro into Kia PBVs

Business

Kia and Samsung Partner to Integrate SmartThings Pro into Kia PBVs
Business

Business

Kia and Samsung Partner to Integrate SmartThings Pro into Kia PBVs

2025-02-27 16:00 Last Updated At:16:15

-          Kia and Samsung collaborate to enhance the digital ecosystem of Kia's Platform Beyond Vehicles (PBVs) for business
-          Samsung's B2B IoT platform – 'SmartThings Pro' – will be integrated into Kia PBVs for seamless connectivity between vehicles and business environments
-          The 'Plug & Play' business model will allow small business owners to quickly and flexibly customize their PBVs to suit their specific needs
-          Kia and Samsung plan to explore new IoT solutions and global expansion, building on Korea's reputation for smart technology

SEOUL, South Korea and TARRAGONA, Spain, Feb. 27, 2025 /PRNewswire/ -- Kia Corporation has entered into a strategic partnership with Samsung Electronics Co., Ltd. to introduce next-generation 'Internet of Things' (IoT) solutions for its Platform Beyond Vehicles (PBVs) offerings.

The two companies signed a Memorandum of Understanding during Kia's 2025 EV Day in Spain, marking a significant step toward redefining both the 'In-Vehicle' and 'Out-of-Vehicle' experience for PBV customers. 

The signing ceremony was attended by Sangdae Kim, Head of Kia's PBV Division, and Chanwoo Park, Executive Vice President of B2B Integrated Offering Center at Samsung Electronics.

The collaboration aligns with Kia's wider Platform Beyond Vehicle strategy, which seeks to expand the role of PBVs beyond transportation into customized business solutions that can be integrated into broader digital ecosystems.

"Kia PBVs are designed to be more than just vehicles, they are intelligent business solutions that connect seamlessly with digital ecosystems," said Sangdae Kim, Head of Kia's PBV Division. "We anticipate that our business collaboration with Samsung, leveraging its AI B2B solution SmartThings Pro, will extend the vehicle user experience for our business customers beyond PBVs into the broader IoT ecosystem. This partnership is expected to create new opportunities for discovering customer value."

Kia will integrate Samsung's IoT platform, 'SmartThings Pro', into its PBVs, enabling wireless control of connected devices and technologies through a 'Plug & Play' service. This solution allows business customers to integrate and manage IoT-enabled appliances without complex installations, simply by attaching a smart connector.

"By integrating SmartThings Pro into Kia PBV, we plan to present an intelligent new way for businesses to be connected to their customers," said Chanwoo Park, Executive Vice President of B2B Integrated Offering Center at Samsung Electronics. "We will provide an optimized integrated store management experience based on customized solutions to cater for a range of B2B customers including the self-employed and small business owners."

Connectivity between PBVs and business environments

By integrating SmartThings Pro into its PBVs, Kia is enabling automated connectivity between vehicles and business spaces. This integration allows B2B customers to configure business routines, activating the appropriate routine based on the destination entered in the PBV's 'In-Vehicle Infotainment' (IVI). This allows for seamless and secure management and monitoring of external business operations, even while on the road.

Expanding PBV business solutions for global B2B customers

Alongside SmartThings Pro integration, Kia and Samsung plan to develop specialized IoT solutions tailored to the unique needs of PBV business customers across various industries.

The two companies will first launch pilot services for small business owners and self-employed customers as part of this partnership. Moving forward, they will work on developing IoT product lines specifically for PBVs and bundled solutions tailored to the needs of B2B clients. They also aim to create new business models and extend their services to B2B customers globally.

- END -

Kia Corporation – about us 
For more information, visit the Kia Global Media Center at www.kianewscenter.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Kia and Samsung Partner to Integrate SmartThings Pro into Kia PBVs

Kia and Samsung Partner to Integrate SmartThings Pro into Kia PBVs

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Raiven Capital Joins Middle East Venture Capital Association (MEVCA)

2025-05-15 15:30 Last Updated At:15:45

PALO ALTO, Calif., TORONTO and DUBAI, May 15, 2025 /PRNewswire/ -- Raiven Capital, a global early-stage venture capital firm, is pleased to announce its membership in the Middle East Venture Capital Association (MEVCA)—the premier organization supporting the growth of venture capital and innovation across the region.

This milestone marks Raiven's continued commitment to investing in startups in Gulf Cooperation Council (GCC), following the launch of its second Dubai Financial Services Authority (DFSA) licensed fund based in the Dubai International Financial Centre (DIFC).

"Raiven is honored to join MEVCA, the leading platform for VCs in the region," said Paul Dugsin, Co-Founder of Raiven Capital. "We believe in building ecosystems, not just portfolios. MEVCA gives us a platform to collaborate with like-minded investors, founders, and changemakers driving the region's future."

"We're delighted to welcome Raiven Capital to the MEVCA community. Their global perspective, combined with deep operational expertise, adds tremendous value to the region's growing VC landscape. Raiven's commitment to supporting founders and fostering collaboration aligns perfectly with MEVCA's mission to connect and strengthen the venture ecosystem across the region." 
— Omar AlKhawaja, Vice Chairman, MEVCA

Raiven's expansion into the Middle East complements its global footprint. The firm's first fund, launched in Toronto and Silicon Valley, was ranked in the top 10% of North American funds, in a 2025 survey of 1,800 VC firms by Carta Fund Services.

"We're seeing world-class founders and breakthrough ideas across the Middle East," said Supreet Manchanda, Co-Founder. "Our operator-investor team is deeply engaged in helping startups achieve product-market fit, scale efficiently, and create long-term value. MEVCA is a key enabler in that journey."

As Raiven builds strong relationships across the GCC, the firm is focused on its core mission: investing in bold founders building the future with AIIoT, and other new technologies.

Check out our new and improved website at raivencapital.com that reflects our market and fund expansion.

About MEVCA

The Middle East Venture Capital Association (MEVCA) aims to serve the Middle East's entrepreneurial and investment community through a concerted effort to advance the region's venture capital industry and greater entrepreneurial ecosystem.

About Raiven Capital

Raiven Capital is a global VC, investing at the intersection of Artificial Intelligence, Internet of Things, and operational transformation. With hubs in Silicon Valley, Toronto, and Dubai, Raiven has delivered multiple successful exits since 2020. Its portfolio spans AI, IoT, deeptech and digital platform companies driving systemic change.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Raiven Capital Joins Middle East Venture Capital Association (MEVCA)

Raiven Capital Joins Middle East Venture Capital Association (MEVCA)

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