Jahangir Mohammed’s iconic fishing trip is now part of company folklore at Jasper Technologies. Heading to Lake Tahoe a decade ago, his car engine warning light lit up so Mohammed detoured to find a mechanic. Turns out that the auto only needed a simple computer reset, but the incident led Mohammed to contemplate what it would take to pave the way for a connected car that knew how to reboot independently. It was an idea that that ultimately gave birth to a vision now valued at around $1 billion. Jasper’s technology enables so-called machine-to-machine communications via the cloud. Yes, we’re talking about yet another contender in an increasingly-crowded marketplace of companies selling products and services to work in the Internet of Things.

Read the full story at CNET.

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