Innovating with IoT: Startup Companies to Watch
The Internet of Things (IoT) is transforming industries by connecting physical objects and enabling them to share data. This technology is still in its early stages, with plenty of room for new ideas and innovation. As an entrepreneur interested in IoT, it’s worth looking at some of the most promising IoT startups that are pushing the boundaries of what’s possible. Here are some of the top IoT startups to keep an eye on in the coming years:
Samsara
Samsara provides IoT solutions for industrial operations. It offers wireless sensors, cameras, and software to help businesses connect, monitor, and optimize their operations. Some key features of Samsara’s platform include:
- Sensor data collection from industrial equipment
- Dashcam solutions for commercial fleets
- Analytics and reporting
- Alerts and notifications
Samsara serves customers across transportation, logistics, construction, food production, energy, and manufacturing. It has raised over $530 million in funding to date.
Helium
Helium is building a decentralized IoT network using blockchain technology. It allows low-powered IoT devices to communicate through hotspots provided by the Helium community.
Some interesting aspects of Helium’s model include:
- It provides incentives for individuals to set up coverage hotspots.
- Coverage hotspots earn cryptocurrency for validating network activity.
- Helium’s network is wireless, reducing hardware costs.
- The decentralized architecture improves security and prevents outages.
So far, Helium has launched over 500,000 hotspots globally. Its open model has the potential to fundamentally change IoT connectivity.
SimpliSafe
SimpliSafe brings advanced IoT security systems to homes and businesses. It offers:
- Wireless sensors for doors, windows, motion, smoke, and more.
- Video monitoring with cloud storage.
- Mobile app control and notifications.
- No contracts or monthly fees.
As a pioneer in DIY home security, SimpliSafe empowers people to protect their property affordably and easily. It has shipped over 3 million security systems to date.
Moxtra
Moxtra provides an IoT platform for enterprise collaboration. It enables remote meetings, messaging, and collaboration using video, voice, and screen sharing.
Key features of Moxtra include:
- One-click conference rooms for meetings and webinars.
- Team messaging with video, voice, and screen sharing.
- Remote assistance using live annotation and telestration tools.
- Secure encryption and data governance controls.
Leading brands like Airbus, NFL, and Coca-Cola use Moxtra to connect distributed teams and engage customers.
Sight Machine
Sight Machine applies IoT and AI to manufacturing operations. Its platform uses machine learning to analyze sensor data from equipment. This provides insights to improve quality, productivity, and efficiency.
Key capabilities include:
- Real-time monitoring for defects and anomalies.
- Early warning of potential faults or failures.
- Optimization of manufacturing processes.
- Reduced downtime and maintenance costs.
Sight Machine has worked with major manufacturers like Airbus, Procter & Gamble, and Daimler. It is helping bring AI into production worldwide.
The IoT revolution is just getting started. These innovative startups give a glimpse of what the future may hold as more objects, systems, and spaces become digitally connected. The IoT arena is ripe for disruption, and these companies are leading the way. Exciting advances lie ahead as IoT empowers businesses and enriches our lives in all sorts of ways.
