The popularity of the new crown has stimulated the demand for cloud services and notebook computer products, but the Internet of things market has been temporarily depressed.
Despite the decline in demand in many fields such as retail and industry, executives are still confident in the long-term development prospects of the Internet of things, and start-ups as fresh blood are expected to continue to play an important role in this field.
Brad haczynski, sales director of Intel’s Internet of things, said in an interview last month, “the covid epidemic reminds us that the digital transformation strategy has become a necessity and a normal.”
IDC, a research enterprise, also pointed out that in addition to 5g and high-performance computing, the Internet of things has also begun to become “a necessary basis for the overall recovery in the technology field.”
Here are the top ten Internet of things startups in 2020. They have novel and innovative products and services, and will continue to promote the development of the industry by taking advantage of this “new normal”.
1. CEO of Australia: Saar yoskovitz
Augury focuses on combining various wireless sensors with artificial intelligence algorithms to help organize customers to monitor the operation and performance of machines at any time.
The start-up has offices in New York and Israel, raised $8 million from the AI fund of Qualcomm venture capital in December 2018, and further completed a round C financing of $25 million in early 2019.
Angury’s first product is a wireless halo sensor, which can be used to monitor the vibration, temperature and magnetic data of the machine, send the records to the security cloud, and then use AI algorithm for predictive maintenance and asset efficiency management.
2. CEO of circonus: Bob moul
Under the leadership of Bob moul, former CEO of boomi, circonus has grown into a professional provider of machine data intelligence platform for Internet of things analysis and it monitoring.
The start-up in Fulton, Maryland, said that its platform can process trillions of data points from multiple sources, so as to provide enterprises and organizations with richer and accurate business process analysis functions and significantly improve the quality of decision-making.
In January, circonus completed the round A1 financing of US $6.8 million led by Osage venture partners, which is mainly used to expand the scale of employees and enhance sales and marketing capabilities.
3. CEO of clarity: Thorsten Freitag
Clarity, an industrial network security supplier, mainly develops threat detection, asset management and network segmentation software to help the security technology gap between IT department and operation Department.
The New York based supplier focused on the mismatch between it / OT security and appointed Thorsten Freitag, former chief revenue officer of druva, a data protection supplier, as CEO last fall.
After that, the start-up focused on further expanding the scope of security functions of the product through the new network monitoring, threat detection, vulnerability management integration and new security situation score (which ot assets and systems are most likely to be affected by the attack) in its secure remote access software.
4. David king, CEO of foghorn systems
Foghorn systems provides a set of edge intelligence platform to simplify artificial intelligence and machine learning workloads in edge devices.
The start-up in Sunnyvale, California, said in February this year that it currently has more than 100 industrial Internet of things use cases, maintains cooperation with dozens of customers, and has signed large technology license orders with large industrial companies since last year. Its annual permitted reservation sales have increased nearly 10 times over the previous year.
This momentum helped foghorn raise $25 million in round C financing earlier this year. This round of financing is led by CS Corp., a Korean industrial group, and Dell technology capital, Intel investment, Honeywell venture capital and Ge venture capital also participate.
5. CEO of myriota: Alex grant
Myriota provides low-cost and low-power satellite connection support for all kinds of Internet of things devices in remote areas.
The start-up from Australia said in April that they had raised about US $19 million in the round B financing led by hostplus and main sequence ventures, and investors such as in-q-tel and Boeing horizon x also participated.
The start-up said that by connecting with nano satellites around the earth, their low-power myriota module can support the deployment scale of billions of Internet of things devices and significantly reduce the actual power consumption of devices.
6. CEO of ordr: Greg Murphy
Ordr, founded by the former senior management team of Aruba company, is an Internet of things security start-up, which uses artificial intelligence to automatically identify, protect and divide devices on the network.
Last year, the Santa Clara, California based company got rid of the invisible model, with former Aruba CEO Dominic orr as chairman and former Aruba executive Greg Murphy as CEO. So far, the company has raised US $50 million from investors, including venture capitalist teneleven ventures and seed investor wing ventures.
Ordr launched its global partner program in May this year to help solution providers protect and control networked devices on enterprise IT networks through a variety of channels.
7. CEO of Phizzle: Ben Davis
Phizzle hopes to improve the scalability and efficiency of the Internet of things deployment system through the software stack, so as to achieve server level performance on low-power edge devices.
The San Francisco based start-up said that its edgmaker software stack can improve the energy efficiency of edge devices such as routers, gateways and switches by at least five times, which means that devices with power of about 40 watts are enough to achieve processing performance equivalent to 200 Watt servers.
The company said in May this year that it had a global Fortune 100 pharmaceutical enterprise as its customer. With the help of edgmaker provided by Phizzle, the company will realize the automatic management of equipment such as particle counter and acid-base balancer, so as to greatly save operating costs.
8. CEO of roambee: Sanjay Sharma
Roambee company combines a variety of sensor Internet of things modules with artificial intelligence software to establish a real-time freight tracking and asset monitoring solution.
The Santa Clara, California based start-up raised $15.2 million in round B financing led by anchor group, with the participation of innovative ventures, Jebsen & Jessen, a logistics group, telkomsel, an Indonesian wireless service provider, and Anant singhania, an industrial entrepreneur.
Roambee said that at present, more than 200 customers from the pharmaceutical, logistics, food and beverage industries are using their platform to track goods, so as to monitor and analyze the indoor and outdoor environment and transportation status / location.
9. CEO of seeq: Steve sliwa
Seeq’s software can conduct advanced analysis of manufacturing data from sensors and machinery and equipment to help customers comprehensively monitor the operation of the system and achieve predictive maintenance.
The Seattle based startup has a telecommuting team. In the round B financing led by Saudi Aramco energy investment company, the company raised US $24 million. In addition, altira group, Chevron investment and second avenue partners also participated in the investment.
The company said it has attracted more than 50 channel partners and customers in more than 40 countries / regions, including British Dutch oil and natural gas giant Royal Dutch Shell, pharmaceutical giant Merck and Roche.
10. CEO of skylo: parthsarathi “parth” Trivedi
Skylo’s goal is to promote the full popularization of the animal networking scheme through the Nb IOT network connection service established by the satellite.
After successfully completing the on-site experiments of enterprises and government customers, the start-up enterprise headquartered in San Mateo, California withdrew from the stealth mode in January this year and obtained US $116 million from investors such as Softbank group.
Skylo said that the starting price of its connection service is $1 per user, the module price is controlled within $100, and the service cost is 95% higher than that of the existing satellite networking solutions. If it develops smoothly, their networking scheme will provide larger and lower cost network access channels for agriculture, fishery, railway, logistics and other industries.
Editor in charge: PJ