Meta Innovations develops intelligent IoT devices to address inefficiencies in connecting physical devices and virtual things. Their solution uses Bluetooth Low Energy endpoints that communicate securely to a smartphone app which can then control third party devices that conform to open standards. Their initial product portfolio includes smart light bulbs, plugs, motion detectors, and door sensors controlled by their smartphone app. They project $150,000 in hardware sales revenue in their first six months from selling to energy companies and partners. The global market for connected devices is projected to grow significantly through 2020 according to Gartner reports.