The Linux Foundation has launched the Zephyr Project, to foster an open source, small footprint, modular, scalable, connected, real-time OS for IoT devices.
Normally we think of the Linux Foundation as being all about Linux. But as the organization has matured, it has expanding its scope to embrace an ever-wider range of open source standards and software. Despite the existence and widespread use of minimalistic Linux implementations including uClinux, OpenWrt, Brillo, and Ubuntu Core, the exponential proliferation of smart, connected devices — such as light bulbs, thermostats, security cameras, sensors, and many others — has fueled intense interest in minimizing the power, space, and cost budgets of IoT hardware.
Read more at LinuxGizmos