A startup wants to build a trading platform for sensor data

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A startup out of Las Vegas is trying to capitalize on a very difficult, and potentially very lucrative, opportunity within the internet of things. The company, called Terbine, wants to become a data broker for the world of connected devices by building a platform where companies can buy, sell and share the data their sensors are collecting.

Terbine is still very young — the company has just raised seed funding from a firm called Incapture Group — but founder and CEO David Knight has big plans. He’s looking at everything from billboards to drones, from shipping vessels to satellites, as potential sources for a massive database of information about what’s happening in the physical world. He thinks companies will pay big money to able to monitor pedestrian traffic in key markets thousands of miles away, for example, or to identify the potential closure of shipping lanes because of an oil spill long before it’s being reported.