Companies estimated to spend quite $1 trillion on the Internet of Things projects in 2022, many startups are contesting for a large portion of the statistical growing pie.
These #startups differ amongst in funding amount, employee count, and focus, but there’s one thing they have in common that's a method to figure with channel partners to support their growth.
These top 10 IoT startups are:
1. Altizon
CEO: Vinay Nathan
Altizon has always had a hand on industrial Internet of Things heavyweights like PTC and Siemens with a cloud-agnostic platform that gives edge connectivity and advanced analytics, among other things
The startup, which has offices in Scot valley in California and Pune in India, recently raised a $7 million funding round from Wipro Ventures, a Singapore based sub-industry of Indian motorcycle manufacturer TVS Motor Company and other investors. This company has 132 enterprise customers across 31 countries, including TVS Motors, Procter & Gamble, and Ecolab.
Altizon's end-to-end industrial #IoT contribution includes Datonis Edge for connecting edge devices and analyzing their data, the Datonis core platform for advanced analytics and integration, and also the Datonis Manufacturing Intelligence suite, which comes with modules for productivity, quality, maintenance, energy profiling, and traceability.
2. Armis
CEO: Yevgeny Dibrov
Armis aims to provide #enterprises a whole insight and control over the escalating amount of unmanaged connected devices into the workplace with an agentless #security platform.
The town, California based startup recently raised a $65 million Series C round that was led by risk capital heavyweight Sequoia Capital. The industry includes a growing channel program, which incorporates roughly 40 associates. Out of its roughly 50 customers, quite 25 are Fortune 100 companies, Samsung's U.S. research and development organization Sysco Foods in Allergan.
Armis' agentless security platform gives enterprises a full view of the unmanaged devices on their networks, continuously monitors the devices for anomalous and malicious behavior, and disconnects or segments them when necessary.
3. BehrTech
CEO: Albert Behr
BehrTech claims to own a higher solution for low-power, wide-area networks in the Industrial Internet of Things deployments with its recently launched MyThings #software platform.
The new platform uses a replacement LPWAN protocol licensed from the Fraunhofer Institute called MIOTY that BehrTech says has much lower interference than Lora, the proprietary long-range wireless protocol that has been popular in IoT. Because MyThings may be a software overlay, the corporate says it can work with standard gateways and sensors, with easy integration into legacy environments.
Most recently, the Toronto-based company said that Advantech will provide a MyThings module for the M2.Com sensor platform. Other ecosystem partners include Intel, Hitachi Solutions, Microsoft, Axonize, and Synaptic Technologies.
4. CyberX
CEO: Omer Schneider
CyberX [claims to deliver] the sole industrial #cybersecurity platform built by blue-team experts with a diary of defending critical national infrastructure.
The Boston-based startup, whose platform provides continuous monitoring and vulnerability management for industrial control systems, recently raised an $18 million funding round from Qualcomm Ventures and other investors, bringing total funding to $48 million.
The company says its customers include two of the highest five U.S. energy providers, a top-five global company, a top-five U.S. chemical company, and gas utilities across Europe and Asian Pacific and national electric. Its partners include town Networks, IBM Security, Optiv, and DXC Technology.
5. Falkonry
CEO: Nikunj Mehta
Falkonry wants to make it easier for industrial companies to run predictive analytics by providing a machine-learning system that doesn't require data scientists.
The Sunnyvale, Calif.-based startup recently launched its Edge Analyzer system, which allows companies to run predictive analytics in remote or mobile environments with low hardware requirements. This is an expansion of its Falkonry LRS system for cloud and on-premises servers that promises to reduce downtime and improve operations by using machine learning to identify patterns in time-series data.
The company has raised $10.9 million in funding so far, most recently with a $4.6 million Series A round led by Presidio Ventures and SparkLabs Accelerator last year. The company also has a partner program for OEMs, system integrators, distributors, resellers, and referral partners.
6. Helium
CEO: Amir Haleem
Helium is looking to shake up the Internet of Things wireless connectivity market with a peer-to-peer network that encourages consumers to build out the network in exchange for cryptocurrency.
The San Francisco-based startup recently launched its "LongFi" wireless network that the company said has 200X the range of Wi-Fi at 1/1,000th of the cost of a cellular modem. That coincided with the company raising a $15 million Series C round, bringing total funding to $51 million.
The company is supporting the buildout of its network with the sale of Helium Hotspots, which are $495 gateways that consumers can buy and connect to Wi-Fi in exchange for the possibility of receiving the company's cryptocurrency. Early customers include Nestle, Lime, and InvisiLeash.
7. Losant
CEO: Charlie Key
Losant wants to make it easy for enterprises to build user interfaces for Internet of Things applications with its cloud-based, low-code development software.
The Cincinnati-based startup said that its visual workflow engine gives enterprises the power to accelerate IoT application development while saving money for building custom solutions. The platform also includes capabilities for data visualization, device connectivity, and data normalization. Most recently, the corporate launched Losant Notebooks, an advanced feature for running batch analytics on historical data.
The company raised a $5.2 million Series A funding round last year from CincyTech and former AOL CEO Steve Case's Rise of the Rest seed fund. The company has a partner program for solution providers who design, plan, and implement IoT solutions for its customers.
8. Samsara
CEO: Sanjit Biswas
Samsara an industry that works on transportation and industrial markets with a sensor data platform for connected operations that combines advanced cameras and sensors with software.
At the end of last year, the San Francisco-based startup raised a $100 million funding round at a $3.6 billion valuation from venture capital heavyweights General Catalyst and Andreessen Horowitz.
The closing of the round followed a banner year for the company, which saw its annual revenue grow 250 percent in 2018 thanks to a customer count that reached 5,000. Using Samsara's enterprise platform, the startup aims to help organizations improve the efficiency of their operations, for the betterment of the company.
9. Sight Machine
CEO: Jon Sobel
Sight Machine seeks to become the "SAP of industrial data" with its digital manufacturing platform, which it claims is unique in its ability to create a digital twin of the entire process of manufacturing.
The San Francisco-based startup recently raised a $29.4 million Series C round led by LS Group, a South Korean conglomerate with holdings in electrical equipment and automation systems, among other businesses. The company’s customers include "some of the world's largest companies" across the automotive, food and beverage, and pulp and paper industries.
10. VDOO
CEO: Uri Alter
VDOO is tackling the Internet of Things security space with an end-to-end offering which includes firmware vulnerability analysis and on-device software that custom-tailors security measures.
The Tel Aviv-based startup recently raised a $32 million Series B funding round from Japanese mobile phone giant NTT Docomo and other investors, bringing its total funding to $45 million. The company's early partners were NTT, Macnica, DNP, and Fujisoft.
The company's Vision analysis platform analyzes the firmware of connected devices to find vulnerabilities and give recommendations for improving device security. The results of that analysis can then be used to install software onto the device that provides custom security measures.
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