Where in the world are Internet of Things (IoT) startups? Q2 2017

The analyses below summarize where Internet of Things (IoT) innovations are occurring. The graphic includes data through April 2017.

IoT Company Count by Country Q2 2017

The above map shows the number of IoT companies located in different countries. The United States ranks as the top country with around 1115 companies.

IoT Q2 2017 VC Funding by Country

The above map shows the amount of total IoT startup venture capital funding in different countries. The United States has the most VC funding at around $23B.

We are currently tracking 1,826 IoT companies in 20 categories across 50 countries, with a total of $32B in funding. Click here to learn more about the full Internet of Things market report.

Internet of Things Market Overview and Innovation Quadrant – Q1 2017

The following post highlights how Venture Scanner categorizes the Internet of Things (IoT) startup landscape, and presents our Innovation Quadrant showing how those categories compare to one another. The data for this post is through April 2017.

IoT Q1 2017 Logo Map

The above sector map organizes the sector into 20 categories and shows a sampling of companies in each category.

IoT Innovation Quadrant Q1 2017

Our Innovation Quadrant provides a snapshot of the average funding and average age for the different IoT categories and how they compare with one another.

  • Heavyweights: These categories are comprised of companies that have reached maturity with significant financing.
  • Established: These categories are comprised of companies that have reached maturity with less financing.
  • Disruptors: These categories are comprised of companies that are less mature with significant financing.
  • Pioneers: These categories are comprised of companies that are less mature with earlier stages of financing.

The definitions of the IoT categories are as follows

IoT Agriculture: Companies that create connected devices to enhance the productivity of the agricultural and farming industries. Examples include livestock software, moisture-sensing technology, and smart irrigation.

IoT Automotive: Companies that enable machine-to-machine communication in the automotive industry. Examples include mobility status sensors, driving habits applications, and vehicle health handhelds.

IoT City and Buildings: Companies that create connected devices to facilitate smart cities or manage the infrastructure of buildings. Examples include urban projection screens, smart building controls, and parking space locators.

IoT Components: Companies that manufacture the internal technologies of IoT hardware systems. Examples include IoT circuit boards and semiconductors.

IoT Drones and Robotics: Companies that create unmanned aerial vehicles that could be controlled through remotes or smartphone apps. Examples include aerial cameras, aerial delivery drones, and ocean data collection robots.

IoT Education and Toys: Companies that produce connected devices that facilitate the education process or those aimed at the kids market. Examples include app-connected toys, programmable bracelets, and computer building kits.

IoT Enterprise: Companies that create connected devices to enhance the productivity of corporate enterprises. Examples include product management solutions, business intelligence platforms, and smart glasses for work.

IoT Fitness: Companies that create connected devices that track fitness and exercise metrics. Examples include healthy eating trackers, exercise tracking wristbands, and smartphone-controlled shoes.

IoT Hardware Platforms: Companies that manufacture finished hardware systems that provide infrastructural support for connected devices. Examples include IoT routers, modems, and device controllers.

IoT Health Care: Companies that create connected devices that track health metrics or help improve health well-being. Examples include breathing mobile games, sleep trackers, and pain relief wearables.

IoT Home: Internet of Things devices focused on the residential real estate segment. Solutions include home security, home automation, and energy management.

IoT Industrial: Companies that create connected devices to enhance the productivity of industrial enterprises such as manufacturing. Examples include industrial data analysis, supply chain management, and factory robots.

IoT Lifestyle and Entertainment: Companies that create connected devices to enhance the overall lifestyle of the user. Examples include connected bikes, outdoor gaming systems, and smart mugs.

IoT Retail: Companies that create connected devices to help with retail stores’ operations. Examples include store beacon solutions, mobile payment solutions, and smart barcode scanners.

IoT Security: Companies that enable data privacy and data encryption. Examples include IoT vulnerability detection, industrial IoT security, and IoT data erasure.

IoT Smart Watches: Companies that create connected watches with sensors and applications. Examples include motion recognition watches, parental control watches, and voice notification watches.

IoT Software Platforms: Companies that build backend software systems that provide infrastructural support for IoT technology. Examples include wireless communication networks and IoT data analytics platforms.

IoT Tags and Jewelry: Companies that create tags, trackers, and smart jewelry that enable one to track items and products. Examples include smart keychains, smart bike tags, and mini GPS devices.

IoT User Interface: Companies that produce connected devices that offer new ways to view and control other devices. Examples include virtual reality systems, vibrating couches, and motion-controlled interfaces.

IoT Utilities and Energy: Companies that produce connected devices that help measure and manage energy and utilities usage. Examples include energy usage monitors, smart sprinklers, and oilfield data management solutions.

We are currently tracking 1,809 IoT companies in 20 categories across 50 countries, with a total of $32 Billion in funding. Click here to learn more about the full Internet of Things market report.

Internet of Things (IoT) Startup Market Trends and Insights  – Q1 2017

Here is our Q1 2017 summary report on the Internet of Things (IoT) startup sector. The following report includes a startup landscape overview, graphical trends and insights, and recent funding and exit events.

We are currently tracking 1,809 IoT companies in 20 categories across 50 countries, with a total of $32 Billion in funding. Click here to learn more about the full Internet of Things market report.

Internet Of Things (IoT) Companies Founded by Year – Q1 2017

The following graph shows the founding year distribution in the Internet of Things sector. The graphic includes data through October 2016.

IoT Companies Founded by Year
IoT Companies Founded by Year

The above graph summarizes the number of Internet of Things companies founded in a certain year. 2013 ranks at the top with around 236 companies founded in that year alone. 2014 is the runner-up with 227 companies founded in that year.

We are currently tracking 1792 IoT companies in 20 categories across 49 countries, with a total of $30.9 Billion in funding. Click here to learn more about the full Internet of Things market report.

Internet of Things (IoT) Funding Trends – Q1 2017

The following graphs highlight recent trends in Internet of Things (IoT) startup funding activity. The graphics include data through October 2016.

Internet of Things Funding by Year Q1 2017

The above graph summarizes the total funding raised by IoT startups for each year. 2014 is the best year with around $5.5B in funding. 2016 comes in at second place with just under $5B in funding.

Internet of Things Vintage Year Funding Q1 2017

The above graph summarizes the total amount of funding raised by IoT companies founded in a certain year. Companies founded in 2011 have raised the most funding at around $3B.

We are currently tracking 1,774 IoT companies in 20 categories across 49 countries, with a total of $31 Billion in funding. Click here to learn more about the full Internet of Things report and database.

Internet Of Things Funding by Round – Q1 2017

The following two graphs summarize the rounds of funding going into the Internet of Things space. Please note these graphics are made using data through October 2016.

internet-of-things-funding-by-round
IoT Funding by Round by Year – Funding Amount

The graph above shows the total amount of VC funding broken out by round. From 2006 to 2016, we saw a general increase in the overall sector funding, with the total amount peaking in 2016. Up till 2013 all rounds of funding except for Seed saw approximately equal amounts during these years. After 2013 earlier stage rounds (Series A, B, and C) make up a larger share of the total amount.

internet-of-things-funding-count-by-round
IoT Funding by Round by Year – Event Count

The graph above shows the total count of funding events broken out by round. From 2006 to 2015 we’ve seen an upward trend that peaked in 2015. Earlier stage funding such as Seed, Series A, and Series B events make up the majority of funding event counts.

We are currently tracking 1738 IoT companies in 20 categories across 50 countries, with a total of $30.3 Billion in funding. Click here to learn more about the full Internet of Things landscape report and database.

Internet of Things Activity by Selected Investors – Q1 2017

The following graph summarizes the investor activity in the Internet of Things (IoT) space. Please note these graphics are made using data through October 2016.

Internet of Things Investor Activity

The above analysis summarizes the total number of investment rounds IoT investors participated in, and the number of unique companies funded by selected investors. SOSV takes the lead in both metrics, with over 70 total number of investments into the space and over 45 companies backed. Other major investors include Techstars, Intel Capital, and Khosla Ventures.

We are currently tracking 1,684 IoT companies in 20 categories across 47 countries, with a total of $29 Billion in funding. Click here to learn more about the full Internet of Things landscape report and database.