So far, the IIoT wave transforming asset-heavy industries has been led by the old guard of tech giants such as GE, IBM, and Cisco.

With connected devices like Nest and Sonos breaking into the mainstream, the IoT has become one of the most-discussed tech trends of the last twenty years. And the hype is well founded: IoT startups have attracted a cumulative $7.4B in venture investment over the past 6 years, according to our data.

But the IoT extends well beyond the home and consumer-level gadgets. Asset-heavy industries like manufacturing, logistics, mining, oil, utilities and agriculture have also begun to apply IoT systems to improve efficiency and results. With machines and specialized sensors collecting data at every step of production, the potential gains from the Industrial Internet of Things (IIoT) are enormous.

Industrial IoT Webinar 
Internet of Things (IoT) startups are proliferating to tackle certain industrial use cases. This webinar will examine investments into IoT companies targeting enterprise and heavy industry.

So far, the IIoT wave has been led by the old guard of industrial tech companies such as GE, IBM, and Cisco, who envision the IIoT as a core component of their future businesses. GE, in particular, pioneered the term “Industrial Internet” when announcing its $1.5B R&D commitment back in 2012.

But more and more startups are attacking the needs of heavy industry by developing sensors, cloud platforms, networking infrastructure, as well as machine learning software to extract insights from the deluge of data.

Note: click image to enlarge. 

IIoT Market Map

We mapped the startup landscape into 9 major categories:

Manufacturing & Supply Chain

These companies are using connected objects to enhance data collection in manufacturing and in the supply chain. These companies include CargoSense‘s connected black boxes for detecting the movement of containers as they are shipped. Also included here are manufacturing robots like Momentum Machines and Rethink Robotics, along with warehouse robots like RoboCV.

Extraction & Heavy Industry

This section encompasses sensor platforms designed for use in hard-hat environments like the oil and gas, mining, and construction industries. Some startups are focused on specific verticals. Groundsensing (locating wells), Tachyus (extracting oil and gas), and Aptomar (spill safety) make sensor networks for oil and gas production. And Skycatch employs UAVs to capture data for the rendering of construction sites in 3D.

Network Infrastructure & Sensor Developers

Companies here are are building out the networks and developing the physical sensors that will undergird the IIoT as a whole. Samsara and DorsaVi develop industrial-grade sensors for a variety of applications including fleet management, machines, energy, and industrial wearables. Others like SigFox have built out the wireless networking for the IIoT.

Utilities & Smart Grid

Startups in this area develop tech that enables more efficient distribution of electricity, gas and water, and often market to utility companies. Trilliant, Tendril, and BluePillar are smart-meter enabled solutions for utilities and large enterprises to manage usage and reporting.

Cloud Platforms

Cloud vendors here commonly market themselves as platforms-as-a-service (PaaS) companies that allow other IoT and IIoT companies to manage and maintain their device networks. Meshify and TempoIQ are examples here.

Big Data Analytics & Machine Learning SaaS

Big data software-as-a-service companies, or machine learning technology, allows companies to find insights and derive predictive analytics such as when machines will need maintenance.

Transportation & Fleet

Startups in this category are changing the landscape for connected vehicle fleets. Telogis and Greenroad, for example, develop fleet-tracking platforms using telematics data from large trucks. Others like Metromile are changing fleet insurance by using connected hardware to prorate insurance by mileage, a technology that is already being deployed to insure Uber drivers.

IIoT Cybersecurity

This category includes startups that are focusing on the large task of securing connected industrial IoT applications from cyberattack. The IIoT has already suffered serious hacks; a German steel mill suffered “massive damages” after hackers accessed a blast furnace that workers could not properly shut down. Bastille is one of several startups in the space.

Track all the IIoT startups in this brief and many more on our platform

Startups working on industrial sensor networks have potential to revolutionize manufacturing, logistics, and energy, just to name a few areas. Sign up for a free trial and look for IIoT in the Collections tab.

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Industrial IoT Startups

735 items

See the full company list below:

The Rise of IIoT
Company Select Investors Category
Wearable Intelligence Lightspeed Venture Partners, Saudi Aramco Energy Ventures Wearables
APX Labs New Enterprise Associates, Salesforce Ventures Wearables
Human Condition Safety American International Group Wearables
Theatro Khosla Ventures Wearables
Augmedix DCM Ventures, Emergence Capital Partners, Rock Health Wearables
Quanttus Khosla Ventures, Matrix Partners Wearables
XOEye Technologies Crestlight Venture Productions, Selous Venture Society Wearables
Sentrian Frost Data Capital, Tech Coast Angels Wearables
Momentum Machines Khosla Ventures, K5 Ventures Manufacturing & Supply Chain
RoboCV Almaz Capital Partners, Columbus Nova Technology Partners, I2BF Global Ventures Manufacturing & Supply Chain
Impinj AllianceBernstein, ARCH Venture Partners, Madrona Venture Group Manufacturing & Supply Chain
Rethink Robotics Bezos Expeditions, CRV, Draper Fisher Jurvetson, GE Ventures, Goldman Sachs, Highland Capital Partners, Sigma Prime Ventures Manufacturing & Supply Chain
CargoSense CIT GAP Funds, IrishAngels, New Dominion Angels Manufacturing & Supply Chain
Xerafy IPV Capital Manufacturing & Supply Chain
Meshify SURGE Ventures,
Houston Angel Network
IIoT Cloud Platforms
Bit Stew Systems BDC Venture Capital, Cisco Investments, GE Ventures, Yaletown Venture Partners IIoT Cloud Platforms
Jasper Technologies Benchmark Capital, Sequoia Capital, DAG Ventures IIoT Cloud Platforms
Greenwave Systems Craton Equity Partners, Westly Group IIoT Cloud Platforms
TempoIQ Chicago Ventures, Divergent Ventures, Hyde Park Angels, Hyde Park Venture Partners IIoT Cloud Platforms
Tachyus Founders Fund Extraction & Heavy Industry
Eigen Innovations BDC Venture Capital Extraction & Heavy Industry
Aptomar Investinor, ProVenture Management, Statoil Technology Invest, Verdane Capital Extraction & Heavy Industry
GroundMetrics Crescent Ridge Partners Ventures, Tech Coast Angels Extraction & Heavy Industry
Skycatch ff Venture Capital, Avalon Ventures Extraction & Heavy Industry
Ineda Systems Qualcomm Ventures Network Infrastructure & Sensor Developers
SigFox Samsung Ventures Network Infrastructure & Sensor Developers
DorsaVi Undisclosed Investors Network Infrastructure & Sensor Developers
Samsara Andreessen Horowitz Network Infrastructure & Sensor Developers
Arrayent DCM Ventures, Intel Capital Network Infrastructure & Sensor Developers
PubNub TiE Angels, Relay Ventures, Scale Venture Partners Network Infrastructure & Sensor Developers
SmartCloud Rockwell Automation Network Infrastructure & Sensor Developers
Blue Pillar Allos Ventures, Arsenal Venture Partners, Claremont Creek Ventures Utilities & Smart Grid
Trilliant Missionpoint Capital Partners, Zouk Capital, GE Healthcare Utilities & Smart Grid
Enlighted Draper Fisher Jurvetson, Intel Capital, Kleiner Perkins Caufield & Byers Utilities & Smart Grid
Tendril Networks Engie New Ventures, GE Healthcare, RRE Ventures, VantagePoint Capital Partners Utilities & Smart Grid
Sensus Synergy Flavors Utilities & Smart Grid
Enbala EnerTech Capital, Export Development Canada, GE Ventures Utilities & Smart Grid
C3 Energy InterWest Partners, Makena Capital Management Big Data Analytics & Machine Learning SaaS
Maana Frost Data Capital, GE Ventures, Intel Capital Big Data Analytics & Machine Learning SaaS
Uptake Caterpillar, GreatPoint Ventures, Lightbank, New Enterprise Associates Big Data Analytics & Machine Learning SaaS
Ayla Networks Cisco Investments Big Data Analytics & Machine Learning SaaS
Worldsensing Cisco Investments, Endeavor Global Big Data Analytics & Machine Learning SaaS
Cirro Frost Data Capital, Miramar Venture Partners Big Data Analytics & Machine Learning SaaS
Skynet Labs SURGE Ventures, SOSventures Big Data Analytics & Machine Learning SaaS
Sight Machine O’Reilly AlphaTech Ventures, IA Ventures Big Data Analytics & Machine Learning SaaS
RtTech Software McRock Capital, New Brunswick Innovation Foundation Big Data Analytics & Machine Learning SaaS
Mnubo McRock Capital, White Star Capital Big Data Analytics & Machine Learning SaaS
Veniam Cane Investments, True Ventures, Union Square Ventures Transportation & Fleet
Telogis Kleiner Perkins Caufield & Byers, Fontinalis Partners, GM Ventures Transportation & Fleet
Greenroad Balderton Capital, Virgin Green Fund, Amadeus Capital Partners Transportation & Fleet
Cohda Wireless Cisco Investments and NXP Semiconductors Transportation & Fleet
Metromile Felicis Ventures, Index Ventures, New Enterprise Associates Transportation & Fleet
Mocana Shasta Ventures, Southern Cross Venture Partners, Trident Capital, Symantec IIoT Cybersecurity
Bastille Bessemer Venture Partners, Chris Rouland, Tom Noonan IIoT Cybersecurity
LaunchKey VegasTech Fund, RimRock Venture Partners IIoT Cybersecurity
Invixium McRock Capital IIoT Cybersecurity


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