IoT Startup Landscape and Database 2024

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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
- General information (company name, description, type and location)
- IoT Technology capabilities (IoT Hardware, IoT Connectivity, IoT Middleware & Software Infrastructure, and Application & Services, Other)
- 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.). - 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)
- Large startups (> 1M$ annual revenue, >50 employees, series B or higher, yes/no)
Table of Contents
IoT Startup Landscape and Database 2024 (PDF)
- Executive summary and introduction
- IoT startup landscape
- a) Overview
- Cumulated number of active IoT startups
- IoT startups by year founded
- Funding of IoT startups by funding stage
- Funding of IoT startups by year founded
- Average funding of active IoT startups by year founded
- Top funded IoT startups
- Number of acquisitions of IoT startups—2021 to 2024
- Selected acquisitions of IoT startups in 2023
- Selected recent IPOs of IoT start-ps
- Most active investors
- Share of large startups
- Share of large startups by founding year
- Share of AI-focused IoT startups
- b) Technological deep dive
- Share of identified IoT startups by tech type
- Share of active IoT startups by tech type between 2016 and 2023
- Percentage of IoT startups offering different types of IoT hardware
- % of IoT startups offering different types of IoT middleware and software
- Percentage of IoT startups offering different types of connectivity/services
- Share of large startups by tech stack and tech type
- c) Regional deep dive
- Global distribution of IoT startups
- Identified IoT startups and key insights by region (1/2)
- Identified IoT startups and key insights by region (2/2)
- Share of startups by region and founding year
- Technology focus of IoT startups by region
- Regional deep dive (1/5): North America
- Regional deep dive (2/5): Europe
- Regional deep dive (3/5): APAC
- Regional deep dive (4/5): Middle East and Africa
- Regional deep dive (5/5): South America
- Focus industry of IoT startups by region
- Share of large startups by region
- d) Industry deep dive
- Industry definitions
- IoT startups by industry
- Share of identified IoT startups in top industries by year (1/3)
- Share of identified IoT startups in top industries by year (2/3)
- Share of identified IoT startups in top industries by year (3/3)
- Share of large startups by focus industry
- Handpicked IoT startups
- IoT startups handpicked by IoT Analytics analysts (1/2)
- IoT startups handpicked by IoT Analytics analysts (2/2)
- Analyst pick (1/17): ai-omatic solutions
- Analyst pick (1/17): ai-omatic solutions
- Analyst pick (2/17): DeepVu
- Analyst pick (3/17): Edge Impulse
- Analyst pick (3/17): Edge Impulse
- Analyst pick (4/17): Figure
- Analyst pick (5/17): H2Ok Innovations
- Analyst pick (5/17): H2Ok Innovations
- Analyst pick (6/17): Infogrid
- Analyst pick (7/17): Onehouse
- Analyst pick (8/17): peaq
- Analyst pick (9/17): Pio
- Analyst pick (10/17): PUDU Robotics
- Analyst pick (11/17): Scale AI
- Analyst pick (12/17): Skylo
- Analyst pick (13/17): Thundercomm
- Analyst pick (14/17): Timeseer.AI
- Analyst pick (15/17): Tomorrow Things
- Analyst pick (16/17): Wiliot
- Analyst pick (17/17): ZARIOT
- What happened to the class of 2021?
- About IoT Analytics
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?
Related reading
A research article based on insights from this report: IoT Startup Landscape 2024: 7 notable insights.
Companies mentioned
A selection of companies mentioned in the report.
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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- Database of 3300+ IoT startups
- Complete insights report in PDF
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- Database of 3300+ IoT startups
- Complete insights report in PDF
- Complete insights report in PPTX
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