117 Best Internet of Things Startups to Watch in [2023]

Top Startups
117 Best Internet of Things Startups to Watch in [2023]

Have you ever wondered who is on the list of Internet of Things Companies with the highest growth rates?

You’re not alone.

There are hundreds of Internet of Things Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 117 fast-growing Internet of Things Startups that have top-tier venture capital funding.

Table of Contents

What are Internet of Things Startups?

Internet of Things (IoT) startups are businesses that develop and market products and services that rely on the Internet of Things. IoT startups typically specialize in developing and deploying IoT solutions that enable connected devices to “talk” to each other, allowing businesses to better understand, analyze and act on data gathered from connected devices. 

Examples of IoT startups include companies that develop connected home products, smart cities, connected healthcare solutions, industrial IoT solutions, and more.

Top 117 Fastest-Growing Startups In Internet of Things

1) Samsara

The Connected Operations Cloud was invented by Samsara.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2015
  • Founders: John Bicket, Sanjit Biswas
  • Number of employees: 1001-5000
  • Funding amount: $930,000,000
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

2) Aclima

Block by block, putting air pollution and greenhouse gases on the map to cut emissions, promote public health, and advance equity.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2007
  • Founders: Davida Herzl, Reuben Herzl
  • Number of employees: 51-100
  • Funding amount: $64,000,000
  • Number of funding rounds: 2
  • Number of investors: 16

You can find their website here.

3) SiFive

SiFive is a semiconductor technology and software automation platform that is open-source.

Details of the startup:

  • Country: United States
  • City: San Mateo
  • Started in: 2015
  • Founders: Krste Asanovic, Yunsup Lee
  • Number of employees: 251-500
  • Funding amount: $190,500,000
  • Number of funding rounds: 5
  • Number of investors: 13

You can find their website here.

4) Cognite

Cognite creates an industrial IoT data platform that allows heavy-asset businesses to digitally change.

Details of the startup:

  • Country: Norway
  • City: Lysaker
  • Started in: 2017
  • Founders: Fredrik Anfinsen, Geir Engdahl, John Markus Lervik, Stein Danielsen
  • Number of employees: 251-500
  • Funding amount: $225,205,015
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

5) Tile

Tile manufactures devices that connect to a mobile app and assist consumers in finding personal objects.

Details of the startup:

  • Country: United States
  • City: San Mateo
  • Started in: 2012
  • Founders: Mike Farley, Nick Evans
  • Number of employees: 101-250
  • Funding amount: $101,000,000
  • Number of funding rounds: 5
  • Number of investors: 23

You can find their website here.

6) Verkada

Verkada is redefining business building security through cloud management.

Details of the startup:

  • Country: United States
  • City: San Mateo
  • Started in: 2016
  • Founders: Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, James Ren
  • Number of employees: 501-1000
  • Funding amount: $138,900,000
  • Number of funding rounds: 5
  • Number of investors: 11

You can find their website here.

7) Crate.io

Crate.io creates CrateDB, a database designed to scale applications in the age of machine data.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2013
  • Founders: Bernd Dorn, Christian Lutz, Jodok Batlogg
  • Number of employees: 51-100
  • Funding amount: $27,894,793
  • Number of funding rounds: 8
  • Number of investors: 15

You can find their website here.

8) Helium

Helium is an IoT developer tool for creating networks and exchanging data from IoT devices.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2013
  • Founders: Amir Haleem, Sean Carey, Shawn Fanning
  • Number of employees: 11-50
  • Funding amount: $53,800,000
  • Number of funding rounds: 5
  • Number of investors: 16

You can find their website here.

9) Infarm

Infarm is a company that creates and distributes efficient vertical farms throughout cities.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2013
  • Founders: Erez Galonska, Guy Galonska, Osnat Michaeli
  • Number of employees: 251-500
  • Funding amount: $404,522,397
  • Number of funding rounds: 9
  • Number of investors: 20

You can find their website here.

10) Quantela

Quantela is the industry leader in Outcomes-as-a-Service (OaaS) for IoT-enabled smart cities and urban infrastructure digitization.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2015
  • Founders: Prakash Dantuluri, Raju Indukuri, Sridhar Gadhi
  • Number of employees: 101-250
  • Funding amount: $50,000,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

11) LISNR

LISNR uses the most modern ultrasonic data technology to provide secure and seamless data transmission.

Details of the startup:

  • Country: United States
  • City: Oakland
  • Started in: 2012
  • Founders: Chris Ostoich, Chris Ridenour, Josh Glick, Nikki Ridenour, Rodney Williams
  • Number of employees: 11-50
  • Funding amount: $30,800,000
  • Number of funding rounds: 10
  • Number of investors: 19

You can find their website here.

12) TetraScience

TetraScience is an R&D cloud data management company that helps life sciences and drug discovery companies transform.

Details of the startup:

  • Country: United States
  • City: Boston
  • Started in: 2014
  • Founders: Alok Tayi, Salvatore Savo, Siping Wang
  • Number of employees: 51-100
  • Funding amount: $99,145,000
  • Number of funding rounds: 8
  • Number of investors: 14

You can find their website here.

13) Sense

For its customers, Sense specializes in designing and delivering tracking devices and home automation systems.

Details of the startup:

  • Country: United States
  • City: Cambridge-US
  • Started in: 2013
  • Founders: Christopher Micali, Mike Phillips, Ryan Houlette
  • Number of employees: 251-500
  • Funding amount: $46,999,998
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

14) ecobee

Ecobee is a company that makes Wi-Fi enabled smart thermostats for both residential and business use.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2007
  • Founders: John Metselaar, Mark Malchiondo, Stuart Lombard
  • Number of employees: 251-500
  • Funding amount: $149,432,236
  • Number of funding rounds: 6
  • Number of investors: 15

You can find their website here.

15) Seeq

Seeq is a software startup that helps companies analyze process manufacturing data faster.

Details of the startup:

  • Country: United States
  • City: Seattle
  • Started in: 2012
  • Founders: Bob Moll, Brian Parsonnet, Jon Peterson, Mark Derbecker, Steve Sliwa
  • Number of employees: 101-250
  • Funding amount: $115,223,642
  • Number of funding rounds: 7
  • Number of investors: 11

You can find their website here.

16) Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of the startup:

  • Country: United States
  • City: Norwalk
  • Started in: 2012
  • Founders: Chad Hollingsworth, Dale Hollingsworth
  • Number of employees: 11-50
  • Funding amount: $12,500,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

17) Bibit.id

Bibit.id is a Robo-Investing program that was created to help people make sensible mutual fund investments.

Details of the startup:

  • Country: Indonesia
  • City: Jakarta
  • Started in: 2016
  • Founders: Johny Susanto, Sigit Kouwagam, Wellson Lo
  • Number of employees: 101-250
  • Funding amount: $95,000,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

18) Kneron

Kneron creates artificial intelligence-based technologies using an application-specific integrated circuit and software.

Details of the startup:

  • Country: United States
  • City: San Diego
  • Started in: 2015
  • Founders: Albert Liu, Frank Chang
  • Number of employees: 101-250
  • Funding amount: $90,000,000
  • Number of funding rounds: 7
  • Number of investors: 12

You can find their website here.

19) Fracttal

Fracttal is the industry’s most powerful cloud-based and 100% mobile CMMS/EAM.

Details of the startup:

  • Country: Chile
  • City: Santiago
  • Started in: 2014
  • Founders: Alejandro Perez, Chris Struve
  • Number of employees: 51-100
  • Funding amount: $7,440,000
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

20) Voice

Voice is a platform that reimagines media by encouraging actual people to create, share, find, and promote content.

Details of the startup:

  • Country: United States
  • City: Wilmington
  • Started in: 2020
  • Number of employees: 101-250
  • Funding amount: $150,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

21) Solinftec

Solinftec designs and manufactures mobile asset and logistics process automation equipment, technology, and systems.

Details of the startup:

  • Country: Brazil
  • City: Araçatuba
  • Started in: 2007
  • Founders: Britaldo Hernandez
  • Number of employees: 251-500
  • Funding amount: $86,600,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

22) MacroFab

MacroFab is an electronic manufacturing cloud platform that connects customers to a network of manufacturers.

Details of the startup:

  • Country: United States
  • City: Houston
  • Started in: 2013
  • Founders: Chris Church, Parker Dillmann
  • Number of employees: 11-50
  • Funding amount: $30,672,396
  • Number of funding rounds: 9
  • Number of investors: 10

You can find their website here.

23) Ambiq Micro

Ambiq Micro is a semiconductor manufacturer that specializes in mixed-signal wireless electronics products.

Details of the startup:

  • Country: United States
  • City: Austin
  • Started in: 2010
  • Founders: David Blaauw, Dennis Sylvester, Scott Hanson
  • Number of employees: 101-250
  • Funding amount: $259,097,873
  • Number of funding rounds: 16
  • Number of investors: 18

You can find their website here.

24) Cellwize

With a cloudified, AI-driven RAN automation technology, Cellwize helps mobile network operators speed their 5G journey.

Details of the startup:

  • Country: United States
  • City: Southlake
  • Started in: 2013
  • Founders: DANIEL DRIBINSKI, Sasi Geva
  • Number of employees: 101-250
  • Funding amount: $56,500,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

25) Shipsy

Shipsy’s platform provides data-driven decision-making in the Supply Chain business, improving visibility and operational efficiency.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2015
  • Founders: Dhruv Agrawal, Himanshu Gupta, Soham Chokshi
  • Number of employees: 101-250
  • Funding amount: $7,697,983
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

26) Nanoleaf

Nanoleaf is a technology and IoT business that is revolutionizing the lighting industry with cutting-edge lighting solutions that are smarter by design.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2012
  • Founders: Christian Yan, Gimmy Chu, Tom Rodinger
  • Number of employees: 101-250
  • Funding amount: $5,630,733
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

27) Notion

Notion is a smart self-monitoring technology that allows homeowners to take control of their spaces, people, and belongings.

Details of the startup:

  • Country: United States
  • City: Denver
  • Started in: 2013
  • Founders: Brett Jurgens, Ryan Margoles
  • Number of employees: 11-50
  • Funding amount: $15,980,000
  • Number of funding rounds: 8
  • Number of investors: 36

You can find their website here.

28) NetraDyne

NetraDyne is a software firm that uses computer vision and deep learning technology to solve real-world challenges.

Details of the startup:

  • Country: United States
  • City: San Diego
  • Started in: 2015
  • Founders: Avneesh Agrawal, David Julian
  • Number of employees: 101-250
  • Funding amount: $47,520,546
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

29) Nature

Nature provides a device that allows people to save money by regulating how much they use their air conditioners.

Details of the startup:

  • Country: Japan
  • City: Shibuya
  • Started in: 2014
  • Founders: Haruumi Shiode, Masayuki Matsuki
  • Number of employees: 11-50
  • Funding amount: $5,744,495
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

30) Miko

Miko is a robotics, AI, and Internet of Things (IoT) firm.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2015
  • Founders: Chintan Raikar, Prashant Iyengar, Sneh Vaswani
  • Number of employees: 101-250
  • Funding amount: $21,540,065
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

31) Vernacular.ai

By automating call center queries, we assist businesses in improving customer experience through intelligent voice chats.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2016
  • Founders: Akshay Deshraj, Manoj Sarda, Sourabh Gupta
  • Number of employees: 51-100
  • Funding amount: $5,100,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

32) Logmore

Logmore uses QR data recorders and a connected cloud platform to improve logistics quality control.

Details of the startup:

  • Country: Finland
  • City: Jyväskylä
  • Started in: 2017
  • Founders: Antti Tapio, Janne Juhala, Niko Polvinen
  • Number of employees: 11-50
  • Funding amount: € 4,500,000
  • Number of funding rounds: 4
  • Number of investors: 5

You can find their website here.

33) SIGFOX

SIGFOX runs a cellular network dedicated to connecting connected things with low-throughput communication.

Details of the startup:

  • Country: France
  • City: Labège
  • Started in: 2009
  • Founders: Christophe Fourtet, Ludovic Le Moan
  • Number of employees: 251-500
  • Funding amount: € 277,000,000
  • Number of funding rounds: 6
  • Number of investors: 23

You can find their website here.

34) DABBEL

DABBEL is an Ai Building Management System (Ai-BMS) that allows building control systems to self-manage.

Details of the startup:

  • Country: Germany
  • City: Düsseldorf
  • Started in: 2018
  • Founders: Abel Samaniego
  • Number of employees: 1-10
  • Funding amount: € 3,600,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

35) SORACOM

SORACOM offers an IoT (Internet of Things) data communication platform that connects all people and things in society.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2014
  • Founders: Daichi Funato, Ken Tamagawa, Kenta Yasukawa
  • Number of employees: 51-100
  • Funding amount: $48,221,534
  • Number of funding rounds: 4
  • Number of investors: 5

You can find their website here.

36) Fyllo

Fyllo is a precision agriculture service provider that uses IoT and AI.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2019
  • Founders: Sachin Gautam, Sudhanshu Rai, Sumit Sheoran
  • Number of employees: 11-50
  • Funding amount: $557,033
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

37) eFishery

eFishery is an agtech firm that provides a fish and shrimp farming integrated feeding system.

Details of the startup:

  • Country: Indonesia
  • City: Bandung
  • Started in: 2013
  • Founders: Chrisna Aditya, Gibran El Farizy, Muhammad Ihsan Akhirulsyah
  • Number of employees: 251-500
  • Funding amount: $20,216,007
  • Number of funding rounds: 7
  • Number of investors: 14

You can find their website here.

38) Hiber

Hiberband, the market leader in next-generation IoT core infrastructure, provides worldwide and inexpensive IoT connection.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2016
  • Founders: Coen Janssen, Erik Wienk, Ernst Peter Hovinga, Laurens Groenendijk, Maarten Engelen
  • Number of employees: 11-50
  • Funding amount: $43,909,439
  • Number of funding rounds: 6
  • Number of investors: 5

You can find their website here.

39) Preferred Networks

Preferred Networks creates real-world deep learning, robotics, and other cutting-edge technological applications.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2014
  • Founders: Daisuke Okanohara, Morikawa Hiroyuki, Nishitoba Jiro, Toru Nishikawa
  • Number of employees: 251-500
  • Funding amount: $2,052,375,830
  • Number of funding rounds: 7
  • Number of investors: 10

You can find their website here.

40) HiveMQ

HiveMQ provides data movement technology for quick, efficient, and secure communication, enabling organizations to prosper in a connected world.

Details of the startup:

  • Country: Germany
  • City: Landshut
  • Started in: 2012
  • Founders: Christian Götz, Dominik Obermaier
  • Number of employees: 11-50
  • Funding amount: € 9,300,000
  • Number of funding rounds: 1
  • Number of investors: 6

You can find their website here.

41) Artivatic.ai

Artivatic’s patent-pending technology helps insurance companies tackle problems like onboarding, fraud, risk profiling, underwriting, and claims.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2018
  • Founders: Layak Singh
  • Number of employees: 51-100
  • Funding amount: $1,153,010
  • Number of funding rounds: 6
  • Number of investors: 8

You can find their website here.

42) Senorics

Senorics develops and manufactures optical spectroscopic sensor solutions for industrial use.

Details of the startup:

  • Country: Germany
  • City: Dresden
  • Started in: 2017
  • Founders: Karl Leo, Ronny Timmreck
  • Number of employees: 11-50
  • Funding amount: € 10,300,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

43) CRON Systems

CRON Systems is a deep-tech startup that develops cutting-edge situational awareness sensing technology.

Details of the startup:

  • Country: India
  • City: New Delhi
  • Started in: 2015
  • Founders: Saurav Agarwala, Tommy Katzenellenbogen, Tushar Chhabra
  • Number of employees: 11-50
  • Funding amount: $4,118,618
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

44) VVDN Technologie

Manufacturing | Product Engineering | Cloud & Apps

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2007
  • Founders: Bhupender Saharan, Vivek Bansal
  • Number of employees: 1001-5000
  • Funding amount: $35,000,525
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

45) TRACTIAN

Maintenance personnel can use Shazam to spot machine problems early on.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2019
  • Founders: Igor Marinelli
  • Number of employees: 11-50
  • Funding amount: $3,700,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

46) Actility

Actility offers services such as smart energy management, machine-to-machine (M2M), and Internet of Things (IoT).

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2010
  • Founders: Bernard Jannes, Boris Dezier, Nicolas Jordan, Olivier Hersent
  • Number of employees: 101-250
  • Funding amount: $104,133,671
  • Number of funding rounds: 5
  • Number of investors: 15

You can find their website here.

47) Validere

Validere develops software and hardware to improve oil testing transparency and trust.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2014
  • Founders: Ian Burgess, Nouman Ahmad
  • Number of employees: 11-50
  • Funding amount: $25,000,000
  • Number of funding rounds: 6
  • Number of investors: 22

You can find their website here.

48) Atomberg Technology

Atomberg Technology wants to be the “Tesla” of the home appliance industry.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2012
  • Founders: Manoj Meena, Sibabrata Das
  • Number of employees: 11-50
  • Funding amount: $20,494,635
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

49) Sentiance

Sentiance is a data science and behavioral change startup that transforms sensor data into actionable insights into people’s behavior and context.

Details of the startup:

  • Country: Belgium
  • City: Antwerpen
  • Started in: 2011
  • Founders: Toon Vanparys
  • Number of employees: 51-100
  • Funding amount: $29,558,487
  • Number of funding rounds: 7
  • Number of investors: 10

You can find their website here.

50) Disruptive Technologies

Disruptive Technologies is a corporation that specializes in data collection and dissemination.

Details of the startup:

  • Country: Norway
  • City: Bergen
  • Started in: 2013
  • Founders: Andreas Koller, Erik Fossum Færevaag, Sigve Tjora
  • Number of employees: 11-50
  • Funding amount: $13,066,022
  • Number of funding rounds: 5
  • Number of investors: 5

You can find their website here.

51) Haber

Haber is a visibility-driven integrated platform for industrial, utility, and water systems.

Details of the startup:

  • Country: India
  • City: Pune
  • Started in: 2017
  • Founders: Vipin Raghavan
  • Number of employees: 51-100
  • Funding amount: ₹497,900,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

52) Mentoria

Mentoria is a comprehensive career exploration platform that helps students discover themselves and the careers in which they will thrive.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2015
  • Founders: Ashish Arora, Juie Divecha, Nikhar Arora, Sameer Bhakhri
  • Number of employees: 11-50
  • Funding amount: ₹15,000,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

53) Stellapps

Stellapps creates dairy management software programs that use technology to improve the characteristics of the dairy supply chain.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2011
  • Founders: Jinesh Shah, Praveen Nale, Ramakrishna Adukuri, Ranjith Mukundan, Ravishankar Shiroor, Venkatesh Seshasayee
  • Number of employees: 101-250
  • Funding amount: $18,806,757
  • Number of funding rounds: 8
  • Number of investors: 11

You can find their website here.

54) TTTech

TTTech is a technology pioneer in networked safety controls situated in Vienna, Austria.

Details of the startup:

  • Country: Austria
  • City: Vienna
  • Started in: 1998
  • Founders: Georg Kopetz, Stefan Poledna
  • Number of employees: 1001-5000
  • Funding amount: € 169,000,000
  • Number of funding rounds: 5
  • Number of investors: 8

You can find their website here.

55) KIWI

For big multi-tenant buildings, KIWI provides safe, keyless access.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2012
  • Founders: Christian Bogatu, Claudia Nagel, Peter Dietrich
  • Number of employees: 51-100
  • Funding amount: € 14,000,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

56) Prophesee

Prophesee develops bio-inspired computer vision systems for self-driving vehicles and linked items.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2014
  • Founders: Bernard Gilly, Christoph Posch, Luca Verre, Ryad Benosman
  • Number of employees: 51-100
  • Funding amount: $65,346,833
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

57) Controlant

Controlant is a supply chain company that works with highly regulated industries like pharmaceuticals and life sciences, as well as the food and beverage industry.

Details of the startup:

  • Country: Iceland
  • City: Reykjavík
  • Started in: 2007
  • Founders: Erlingur Brynjulfsson, Gisli Herjolfsson, Stefan Karlsson, Trausti Thormundsson
  • Number of employees: 101-250
  • Funding amount: $54,722,277
  • Number of funding rounds: 13
  • Number of investors: 5

You can find their website here.

58) Brisa Robotica

Solutions for robotics, autonomous systems, and machine intelligence

Details of the startup:

  • Country: Brazil
  • City: Recife
  • Started in: 2018
  • Founders: David Bensoussan, Thiago de Freitas
  • Number of employees: 1-10
  • Funding amount: R$1,440,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

59) Unbox Robotics

Unbox Robots creates on-demand AI-driven warehouse robotics solutions that require minimal space, time, and capital to deploy.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2019
  • Founders: Pramod Ghadge, Shahid Memon
  • Number of employees: 11-50
  • Funding amount: $2,065,000
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

60) Shopper.com.br

With its completely integrated supply chain operations and unique monthly auto-scheduled delivery concept, Brazil’s largest pure-play online supermarket.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2015
  • Founders: Bruna Vaz Negrão, Fábio Rodas Blanco
  • Number of employees: 251-500
  • Funding amount: R$134,500,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

61) Sensefinity

By building the Internet of Cargo, which provides awareness to the world’s supply lines, SenseFinity is reclaiming 1 trillion dollars and enough food for 2 billion people.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2014
  • Founders: Marco Marques, Orlando Remédios
  • Number of employees: 11-50
  • Funding amount: $2,135,831
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

62) Enevo

Enevo is a forward-thinking organization with a mission to reduce waste’s financial, environmental, and social costs.

Details of the startup:

  • Country: Finland
  • City: Espoo
  • Started in: 2010
  • Founders: Fredrik Kekalainen, Johan Engström
  • Number of employees: 51-100
  • Funding amount: $55,363,230
  • Number of funding rounds: 6
  • Number of investors: 15

You can find their website here.

63) Worldsensing

Worldsensing is an Internet of Things (IoT) startup that specializes in sensing solutions for smart cities and industries with vital assets located in remote areas.

Details of the startup:

  • Country: Spain
  • City: Barcelona
  • Started in: 2008
  • Founders: Ignasi Vilajosana, Jordi Llosa, Xavier Vilajosana
  • Number of employees: 11-50
  • Funding amount: € 19,855,019
  • Number of funding rounds: 9
  • Number of investors: 12

You can find their website here.

64) Wirepas

There is no such thing as nonsense. It’s just business IoT the way it should be. Thousands of gadgets are being linked together. Failure-free. There is no infrastructure. There are no middlemen.

Details of the startup:

  • Country: Finland
  • City: Tampere
  • Started in: 2010
  • Founders: Mikko Kohvakka, Teppo Hemiä, Ville Juven, Ville Kaseva
  • Number of employees: 11-50
  • Funding amount: € 20,400,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

65) Shenzhen RAKwireless Technology Co., Ltd.

RAKwireless is a connectivity company that creates Modular Edge devices and infrastructure.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 2014
  • Founders: Ken Yu
  • Number of employees: 101-250
  • Funding amount: $10,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

66) N.THING

N.THING is a Seoul-based agri-tech firm that uses IoT technology and data to drive innovation in the farm-to-table food value chain.

Details of the startup:

  • Country: South Korea
  • City: Seoul
  • Started in: 2014
  • Founders: J Jeong, Kenny Chung, Leo Kim, Seth Nam, SS Han, Tony Baik
  • Number of employees: 11-50
  • Funding amount: $15,076,000
  • Number of funding rounds: 6
  • Number of investors: 8

You can find their website here.

67) Myriota

Myriota offers low-cost IoT connectivity without the need for towers or other infrastructure on the ground.

Details of the startup:

  • Country: Australia
  • City: Adelaide
  • Started in: 2015
  • Founders: Alex Grant, David Haley
  • Number of employees: 11-50
  • Funding amount: $32,128,242
  • Number of funding rounds: 2
  • Number of investors: 9

You can find their website here.

68) Zyfra

Zyfra is a global firm that creates products based on the Industrial Internet of Things (IIoT) and Artificial Intelligence.

Details of the startup:

  • Country: Finland
  • City: Helsinki
  • Started in: 2017
  • Number of employees: 11-50
  • Funding amount: RUB990,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

69) Peak Power Inc

Intelligent energy in smart cities is enabled by a software firm.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2015
  • Founders: Benson Pei Sen Hu, Derek Lim Soo, Matthew Sachs
  • Number of employees: 11-50
  • Funding amount: $25,074,753
  • Number of funding rounds: 8
  • Number of investors: 12

You can find their website here.

70) ChargeLab

The Android of EV charging is ChargeLab. Our software, which is hardware neutral, runs on the world’s most common EV chargers.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2016
  • Founders: Ehsan Mokhtari
  • Number of employees: 11-50
  • Funding amount: $5,400,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

71) Smarten Spaces

Smarten Spaces is a building management solution that uses cutting-edge AI and IoT technology.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2017
  • Founders: Anushka Verghese, Dinesh Malkani
  • Number of employees: 101-250
  • Funding amount: $12,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

72) KINEXON

For the Internet of Things, real-time location intelligence is available.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2012
  • Founders: Alexander Hüttenbrink, Maximilian Schmidt, Oliver Trinchera
  • Number of employees: 101-250
  • Funding amount: € 15,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

73) Agrosmart

Agrosmart provides smart farming software that allows for remote agroeconomic data monitoring and management automation.

Details of the startup:

  • Country: Brazil
  • City: Campinas
  • Started in: 2014
  • Founders: Mariana Vasconcelos, Raphael Pizzi, Thales Nicoleti
  • Number of employees: 51-100
  • Funding amount: $10,400,000
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

74) Terminus Technologies

Terminus Technologies is a Chinese AI+IoT platform operator with a city-level presence.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2015
  • Founders: Victor Ai
  • Number of employees: 251-500
  • Funding amount: $529,561,417
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

75) Airly

Airly is a web-based startup that specializes in providing hyper-local air pollution data.

Details of the startup:

  • Country: Poland
  • City: Kraków
  • Started in: 2016
  • Founders: Aleksander Konior, Michal Misiek, Wiktor Warchałowski
  • Number of employees: 11-50
  • Funding amount: $6,395,000
  • Number of funding rounds: 4
  • Number of investors: 17

You can find their website here.

76) ThoughtWire

ThoughtWire is on a quest to build Smarter Spaces by bringing Built Environments to life utilizing strong Digital Twin Technology.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2009
  • Founders: Dale Hall, Michael Monteith, Peter AP Zakarow
  • Number of employees: 51-100
  • Funding amount: CA$31,500,000
  • Number of funding rounds: 4
  • Number of investors: 10

You can find their website here.

77) Guardsquare

Guardsquare creates high-end software to safeguard mobile apps from reverse engineering and hacking.

Details of the startup:

  • Country: Belgium
  • City: Leuven
  • Started in: 2014
  • Founders: Eric Lafortune, Heidi Rakels
  • Number of employees: 51-100
  • Funding amount: $29,556,877
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

78) FoodMarble

FoodMarble is a digital digestive health startup that identifies foods that are most suited to each individual’s digestive system.

Details of the startup:

  • Country: Ireland
  • City: Dublin
  • Started in: 2016
  • Founders: Aonghus Shortt, James Brief, Lisa Ruttledge, Matt Lynch, Patrick Dennis, Peter Harte
  • Number of employees: 11-50
  • Funding amount: $8,698,117
  • Number of funding rounds: 7
  • Number of investors: 7

You can find their website here.

79) Sherpa.ai

Sherpa is an AI-based predictive and conversational Digital Assistant for consumer product manufacturers.

Details of the startup:

  • Country: Spain
  • City: Bilbao
  • Started in: 2012
  • Founders: Xabi Uribe-Etxebarria
  • Number of employees: 51-100
  • Funding amount: $27,472,510
  • Number of funding rounds: 6
  • Number of investors: 7

You can find their website here.

80) Spaceti

Spaceti offers a complete solution to improve people’s enjoyment, productivity, and well-being in buildings.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2016
  • Founders: Aakash Ravi, Mario Kamburov, Max Verteletskyi, Ondrej Plevka, Patrik Sobek, Tomas Bartak
  • Number of employees: 11-50
  • Funding amount: $5,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

81) Fasal

Fasal is a platform for climate-smart precision agriculture.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2018
  • Founders: Ananda Verma, Shailendra Tiwari
  • Number of employees: 1-10
  • Funding amount: $1,897,624
  • Number of funding rounds: 4
  • Number of investors: 9

You can find their website here.

82) Nymi

Workplace wearables with enterprise apps for security, productivity, and health and safety, based on a connected worker platform.

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2011
  • Founders: Karl Martin
  • Number of employees: 51-100
  • Funding amount: $36,300,000
  • Number of funding rounds: 6
  • Number of investors: 19

You can find their website here.

83) NPAW

NPAW is a software-as-a-service video analytics company that helps premium content and OTT providers improve their end-user experience.

Details of the startup:

  • Country: Spain
  • City: Barcelona
  • Started in: 2008
  • Founders: Ferran G. Vilaró, Otto Wüst, Sergi Vergés Gasso
  • Number of employees: 51-100
  • Funding amount: € 1,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

84) Crosser

For any edge, fog, or cloud, Crosser designs and develops streaming analytics and integration tools.

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2016
  • Founders: Johan Jonzon, Martin Thunman, Ulf Bjorklund
  • Number of employees: 11-50
  • Funding amount: $8,734,070
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

85) Clim8

Clim8 is on the verge of becoming a leader in intelligent thermal apparel.

Details of the startup:

  • Country: France
  • City: Écully
  • Started in: 2016
  • Founders: Florian Miguet, Julien Gueritee, Pierre Mouette
  • Number of employees: 11-50
  • Funding amount: $5,032,290
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

86) FreightBro

Freight software for the 21st century

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2016
  • Founders: Anand Babu, Mohammed Zakkiria. A, Raghavendran Viswanathan
  • Number of employees: 11-50
  • Funding amount: $3,500,000
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

87) Morse Micro

Morse Micro is a semiconductor startup focused on developing Wi-Fi HaLow / 802.11ah chips for the IoT market.

Details of the startup:

  • Country: Australia
  • City: Surry Hills
  • Started in: 2016
  • Founders: Andrew Terry, Michael De Nil
  • Number of employees: 51-100
  • Funding amount: $33,587,752
  • Number of funding rounds: 6
  • Number of investors: 10

You can find their website here.

88) Zenatix

Zenatix is a provider of energy management and analytics solutions based on energy data analytics.

Details of the startup:

  • Country: India
  • City: Haryana
  • Started in: 2013
  • Founders: Amarjeet Singh, Rahul Bhalla, Vishal Bansal
  • Number of employees: 11-50
  • Funding amount: $1,394,488
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

89) Springworks

Springworks is a software-as-a-service platform that connects all car owners with the service they deserve, via an infrastructure they already know and trust.

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2007
  • Founders: Erik Ramberg
  • Number of employees: 11-50
  • Funding amount: SEK28,000,000
  • Number of funding rounds: 4
  • Number of investors: 2

You can find their website here.

90) Uhuru

Uhuru is a technological service provider that works with companies like Salesforce.com and others to provide cloud and social services.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2006
  • Founders: Tanaka Masamichi
  • Number of employees: 101-250
  • Funding amount: ¥4,823,282,000
  • Number of funding rounds: 12
  • Number of investors: 14

You can find their website here.

91) Glue Home

While you’re away, Glue allows smart access to your house for people, products, and services.

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2014
  • Founders: Carl Johan Grandinson, Diego Oliva
  • Number of employees: 11-50
  • Funding amount: $12,588,426
  • Number of funding rounds: 3
  • Number of investors: 8

You can find their website here.

92) EMnify

EMnify is the most popular IoT cloud communication platform. Unlike other CPaaS providers, EMnify focuses entirely on IoT.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2014
  • Founders: Alexander Schebler, Frank Stoecker, Martin Giess
  • Number of employees: 101-250
  • Funding amount: € 20,000,000
  • Number of funding rounds: 3

You can find their website here.

93) Zypp

Zypp is an e-scooter sharing and rental platform that helps businesses with last-mile mobility, delivery, and campus rentals.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2017
  • Founders: Akash Gupta
  • Number of employees: 51-100
  • Funding amount: $2,500,000
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

94) Sunmi Technology

Sunmi Technology is a technology-driven company that specializes on high-performance commercial hardware.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2013
  • Founders: Lin Jack
  • Number of employees: 251-500
  • Funding amount: $70,000,000
  • Number of funding rounds: 6
  • Number of investors: 7

You can find their website here.

95) mittemitte

Mitte is a smart water system provider that combines water filtration and augmentation.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2015
  • Founders: Faebian Bastiman, Karan Sarin, Moritz Waldstein
  • Number of employees: 11-50
  • Funding amount: $11,006,466
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

96) CyberLabs

CyberLabs is a Brazilian deep-tech firm situated in Rio de Janeiro. CyberLabs provides machine learning as a service (MLaaS) and computer vision solutions to companies in Latin America.

Details of the startup:

  • Country: Brazil
  • City: Rio De Janeiro
  • Started in: 2017
  • Founders: Eduardo Camargo, Marcelo Sales
  • Number of employees: 101-250
  • Funding amount: R$28,500,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

97) Blocko

Blocko is a blockchain development platform and operating system.

Details of the startup:

  • Country: South Korea
  • City: Seongnam
  • Started in: 2014
  • Founders: Allan J Kim, Won-Beom Kim
  • Number of employees: 101-250
  • Funding amount: $22,351,172
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

98) VU Security

VU Security is a cybersecurity firm that focuses on fraud prevention and identity theft.

Details of the startup:

  • Country: Argentina
  • City: Buenos Aires
  • Started in: 2006
  • Founders: Sebastian Stranieri
  • Number of employees: 101-250
  • Funding amount: $7,461,980
  • Number of funding rounds: 9
  • Number of investors: 6

You can find their website here.

99) UnaBiz Holdings Pte Ltd

UnaBiz, situated in Singapore and Taiwan, is a Massive Internet of Things (IoT) enabler.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2016
  • Founders: Carter Ho, Henri Bong, Philippe Chiu
  • Number of employees: 51-100
  • Funding amount: $14,500,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

100) Kippy

Kippy is the first IoT device that tracks and monitors your four-legged friend’s physical activities in real time.

Details of the startup:

  • Country: Italy
  • City: Milano
  • Started in: 2013
  • Founders: Simone Sangiorgi
  • Number of employees: 11-50
  • Funding amount: $4,616,325
  • Number of funding rounds: 5
  • Number of investors: 5

You can find their website here.

101) Nordsense

Nordsense is a cloud-based smart trash management technology that assists with rubbish collection.

Details of the startup:

  • Country: Denmark
  • City: Copenhagen
  • Started in: 2017
  • Founders: Manuel Maestrini, Søren Christensen
  • Number of employees: 11-50
  • Funding amount: $12,625,000
  • Number of funding rounds: 3
  • Number of investors: 10

You can find their website here.

102) Fleet Space Technologies

Fleet is a space firm with a lot of flexibility.

Details of the startup:

  • Country: Australia
  • City: Beverley
  • Started in: 2015
  • Founders: Flavia Tata Nardini, Matthew Pearson, Matthew Tetlow
  • Number of employees: 1-10
  • Funding amount: $11,100,667
  • Number of funding rounds: 2
  • Number of investors: 7

You can find their website here.

103) Filo

Filo develops products and solutions that enable individuals to stay connected to the things they care about most.

Details of the startup:

  • Country: Italy
  • City: Roma
  • Started in: 2014
  • Founders: Andrea Gattini, Francesco Ceccherelli, Giorgio Sadolfo, Stefania De Roberto
  • Number of employees: 11-50
  • Funding amount: € 3,060,000
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

104) Odiggo

Spare Parts, Mobile App, and Website

Details of the startup:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2018
  • Founders: Ahmed Nasser, Ahmed Omar
  • Number of employees: 11-50
  • Funding amount: $752,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

105) Minut

Minut is a computer software firm that focuses on product design, hardware, electronics, software, the Internet of Things, and smart home technology.

Details of the startup:

  • Country: Sweden
  • City: Malmö
  • Started in: 2014
  • Founders: Fredrik Ahlberg, Marcus Ljungblad, Martin Loof, Nils Mattisson
  • Number of employees: 11-50
  • Funding amount: $10,745,941
  • Number of funding rounds: 6
  • Number of investors: 12

You can find their website here.

106) xFarm

Farm is a software-as-a-service platform for digitalizing farms and simplifying data collecting and analysis.

Details of the startup:

  • Country: Italy
  • City: Milan
  • Started in: 2017
  • Founders: Martino Poretti, Matteo Vanotti, Salvatore Ferullo
  • Number of employees: 11-50
  • Funding amount: € 3,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

107) GreenCom Networks AG

GreenCom Networks is a white-label software-as-a-service provider for the utility industry and energy service firms.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2011
  • Founders: Christian Feisst, Frank Robert, Mathieu Pinson, Olivier Brie, Sébastien Alegret
  • Number of employees: 51-100
  • Funding amount: € 12,000,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

108) EMQ Technologies

In the 5G era, you’ll need a messaging and streaming engine to harness the power of your IoT platform and apps.

Details of the startup:

  • Country: China
  • City: Hangzhou
  • Started in: 2017
  • Founders: Feng Lee, Rocky Jin, Susan Gao
  • Number of employees: 51-100
  • Funding amount: $21,430,649
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

109) Square Off

Using robotics and artificial intelligence to create next-generation games and toys

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2015
  • Founders: Aatur Mehta, Bhavya Gohil
  • Number of employees: 11-50
  • Funding amount: $1,645,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

110) RootCloud

RootCloud is a cloud computing platform for IoT and industrial applications.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2016
  • Number of employees: 501-1000
  • Funding amount: $194,645,305
  • Number of funding rounds: 3
  • Number of investors: 17

You can find their website here.

111) Orvibo

Orvibo is a Chinese technology company that specializes in Internet-of-Things (IoT) and smart home hardware.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 2011
  • Founders: Xionghui Wang
  • Number of employees: 51-100
  • Funding amount: $49,488,948
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

112) POWER BANK

POWER BANK is an IoT business committed on resolving the issue of mobile phone battery drain.

Details of the startup:

  • Country: China
  • City: Yancheng
  • Started in: 2017
  • Number of employees: 11-50
  • Funding amount: CN¥310,000,000
  • Number of funding rounds: 2
  • Number of investors: 1

You can find their website here.

113) Fenbeitong

Fenbeitong is a platform for corporate consumer management.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2015
  • Number of employees: 251-500
  • Funding amount: $151,564,942
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

114) Coolpad

Coolpad is a smartphone brand that focuses on connecting families via useful electronics.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 1993
  • Founders: Deying Guo
  • Number of employees: 501-1000
  • Funding amount: $788,354,165
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

115) Commsat

Commsat is a Chinese company that operates a low-track small satellite constellation.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2015
  • Founders: Tao Xie, Yuanyuan Peng
  • Number of employees: 101-250
  • Funding amount: $68,420,559
  • Number of funding rounds: 6
  • Number of investors: 10

You can find their website here.

116) ROOBO

Domgy is available for pre-order through Roobo, a hardware and AI firm based in China.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2014
  • Founders: Bruce Lau
  • Number of employees: 251-500
  • Funding amount: $153,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

117) Yeelight

Yeelight manufactures a line of smart and wireless LED lighting.

Details of the startup:

  • Country: China
  • City: Qingdao
  • Started in: 2008
  • Founders: Eric Jiang
  • Number of employees: 251-500
  • Funding amount: $28,000,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

FAQs

Is Internet of Things Business Profitable?

The potential for businesses to be profitable through the Internet of Things (IoT) is significant. IoT is a rapidly emerging technology that has the potential to revolutionize how businesses operate. 

With the right investments, businesses can reap the rewards of increased efficiency, reduced costs, and improved customer experiences. IoT has been used to create new business models, optimize supply chains, and improve customer service. 

Additionally, businesses can use IoT to gain valuable insights from their data, improve customer engagement, and develop new products and services. For these reasons, businesses may find that investing in IoT is a profitable endeavor.

What Is The Average Investment In Internet of Things?

The average investment in Internet of Things startups is estimated to be around $2.5 million. However, this figure can vary drastically depending on the size and scope of the project.

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