IoT Startup Landscape and Database 2024

About the database

The IoT Startup Landscape and Database 2024 report is part of IoT Analytics’ ongoing coverage of general IoT.

This database classifies over 3,330 IoT startups with more than 60 points for each startup. The number of active IoT startups identified reached 3,330 in 2024, compared to significantly less in a similar exercise in 2021.The report reveals not only the top funded start-up but also detailed information for all of them.

The most funded IoT startups include for example EswinComputing, Figure and Verkada.

The IoT Analytics analyst team handpicked 17 IoT startups that are innovative and promising. Examples include ai-omatic (AI-based predictive maintenance software), Pio (automated storage and retrieval system), and Zariot (IoT connectivity provider).

The database is suited for the following topics

• M&A target search
• IoT strategy / business case development
• Go-to-market / market entry strategy
• Customer / vendor selection
• Sector scan
• Competitive analysis
• Due diligence
• Investment opportunity search

The database of IoT startup companies is structured along the following dimensions

1. General information (company name, description, type and location)
2. IoT Technology capabilities (IoT Hardware, IoT Connectivity, IoT Middleware & Software Infrastructure, and Application & Services, Other)
3. Segment focus (Finance, Agriculture, Connected buildings, Retail, Enterprise / IT infrastructure & Security, Health & Pharmaceuticals, Energy / utilities, Mobility,Smart Cities, Manufacturing / Industrial, Supply Chain, Public sector, Gov. & services, Other business, etc.) & Enablers (i.e., VC/Investors, Consulting, Incubators, etc.).
4. Further information (Founded, LinkedIn, Email, Phone, Founder, No. Of Employees, Last Funding Date, Last Funding Amount, Last Funding Amount Currency, Total funding, Total funding currency, Number of Investors, Top 5 investors, Funding type, Estimated revenue, Number of acquisitions)
5. Large startups (> 1M$ annual revenue, >50 employees, series B or higher, yes/no)

Questions answered

• How many IoT startups exist in 2024? How has that number changed over time?
• How has the IoT startup landscape changed since 2021?
• Which IoT startups have the highest funding?
• Which IoT tech stack are IoT startups offering?
• Which countries/regions are home to the most IoT startups?
• What verticals are IoT startups focusing on?
• How many IoT startups have been acquired?
• Who are the most active investors in IoT startups?
• Which IoT startups do the IoT Analytics’ analyst team find interesting?

Companies mentioned

ai-omatic solutions DeepVu Edge Impulse Figure H2Ok Innovations Infogrid Onehouse peaq Pio PUDU Robotics Scale AI

Skylo Thundercomm Timeseer.AI Tomorrow Things Wiliot ZARIOT

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