A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – IOT INFRASTRUCTURE
- Telit Communications, an end-to-end IoT platform provider, secured a $110M loan from HSBC Bank PLC and Israeli lender Bank Hapoalim BM. Link
- Space-Time Insight, a real-time analytics provider for IoT applications, raised $12.55M in a Series D round. Link
- Gooee, an IoT platform provider for the lightning ecosystem, secured a $8M round of debt funding from Silicon Valley Bank (SVB). Link
- Device Authority, an IoT device security firm which provides Identity and Access Management solutions, raised $3.05M Series A round by Tern PLC. Link
- Minima Processor, an Ultra low power processor provider for IoT applications, raised a Seed round of $1.8M backed by CFT Capital Ltd, VTT Ventures Ltd, and other private investors. Link
- SAP acquires Plat.One, an IoT end-to-end platform provider, as part of its $2B IoT investments.Link
- Meshify, an industrial IoT platform provider for connected devices, was acquired by Hartford Steam Boiler. Link
- Silicon Labs acquired Micrium, an RTOS application, tools & security solution provider. Link
SOME INTERESTING STARTUPS FOUND
Minima Processor (2016, Oulu) – Ultra low power processor technology for IoT
Liberiot (2016, Vitoria-Gasteiz) – Wireless connectivity solutions for IoT applications
LEADER BOARD – IOT INFRASTRUCTURE
Hardware & Software Modules
Hardware Modules
Stadium Group (1911, Clevedon, IPO) – Provides connectivity devices and integration solutions for electronics and IoT applications. Went public in April 2006.
Billion (1973, Taipei, IPO) – Provides electronic power and network connectivity technology solutions. Went public in July 2000.
Software Modules
Prodea (2006, Plano, $100M) – Provides a SaaS-based offering to bring all connected devices on one platform. Backed by Sovereign Wealth Fund Institute.
Neura (2013, Sunnyvale, $13M) – Provides technology which offers Software Development Kits and APIs, which meshes together data from connected devices. Backed by AXA Strategy Ventures, Pitango VC, Triple Point Capital, Greenhouse Capital Partners, Singtel Innov8, Upwest Labs.
IoT Networks
Network Providers
Orbcomm (2003, Rochelle Park, IPO) – Provides M2M communication solutions for asset tracking, management, and remote control. Went public in November 2006.
Sigfox (2009, Labege, $148M) – A cellular network operator for IoT devices & Smart grid connectivity which uses Ultra Narrow Band unlicensed spectrum. Backed by Telefonica Ventures, Intel Capital, Idinvest Partners, SK Telecom, NTT Docomo, BPI France, Elliott Management, Eutelsat, Air Liquide, Engie, Partech Ventures, Elaia, iXo PE.
Mesh Networks
Eero (2014, SF, $90M) – Provides Mesh Networked Wifi System inside a house. Backed by Menlo VC, First Round, Index Ventures, Red Point,Shasta Ventures, Playground, AME Cloud Ventures and Homebrew.
Firetide (2003, Campell, $40M, Acq.) – Provides Wireless Mesh Network infrastructure and solutions. Backed by Menlo VC, Coral Capital Management. Acquired by Unicom System Inc. in May 2014.
IoT Platforms
Device Management Platforms
Echelon (1988, Santa Clara, IPO) – Provides open standard embedded platform for IoT Applications like Smart Grids, Smart Cities, etc. Went public in August 1998.
Zonoff (2011, Malvern, $36M) – Provides a cloud-based platform to enable IoT device connectivity for commercial solutions. Backed by Grotech Ventures, Valhalla Partners, Ben Franklin Technology Partners.
Network Management Platforms
Silver Spring Network (2002, Redwood City, IPO) – A connectivity platform and network provider for communications between utility and customer, smart meters and communication nodes. Went public in March 2013.
Novatel Wireless (1996, San Diego, IPO) – Provides wireless & connectivity management solutions for mobile and IoT. Went public in November 2011.
Application Development Platforms
PubNub (2010, SF, $47M) – Provides cloud- based platform for Real-Time IoT Apps to scale. Backed by Sapphire Ventures, Scale VP, Relay Ventures, RBVC, Sound Ventures, Envision Ventures, TiE Angels, Cisco Investments, Ericsson.
Electric Imp (2011, Los Altos, $44M) – An end-to-end platform to connect any device to the internet, monitor, control and build Apps on them. Backed by Rampart Capital, Redpoint, PTI Ventures, Lowercase Capital, Foxconn.
Analytics Platforms
C3iot (2009, Redwood City, $37M) – A platform to rapidly deploy custom apps, integrate with existing ones, connect data streams and get a single dashboard to manage and analyze all the data remotely. Backed by TPG Growth, Sutter Hill Ventures, Interwest Partners.
Space-Time Insight (2008, San Mateo, $55M) – An IoT-ready real-time analytics data provider. Backed by NEC, E.ON, EnerTech Capital, Novus Energy Partners, Opus Capital, Zouk Capital, Start Up Farms, Informatica.
End to End Platforms
Skkynet (2011, Mississauga, IPO) – Provides a secure & networked SCADA and IoT solution. Went public in April 2016.
Aplix (1986, Tokyo, IPO) – Provides beacon modules and cloud for IOT applications. Went public in December 2003.
Security
Hardware-Level Security
Inside Secure (1995, Meyreuil, IPO) – Provides embedded security solutions for transactions across IoT devices and mobile payments. Went public in February 2012.
Afero (2014, Los Altos, $20M) – Provides secure BLE module and cloud platform for connectivity of IoT devices. Backed by Presidio Ventures, Sanshin, SoftBank, Fenox, Assembly.
Network-Level Security
Mocana (2004, SF, $87M) – Provides software platform for IoT devices and application security. Backed by Shasta Ventures, SXVP, Trident Capital, Symantec, GE Ventures, Intel Capital, SV Angel.
Innopath (1999, Sunnyvale, $38.5M) – Provides over the air software management solutions. Backed by NVCC, VCPC, Mitsui Ventures.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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