3. IoT Infrastructure Report, September 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 10
Who is Investing 18
Exit Outlook - IPO, Acquisitions 22
Sub Sector Analysis 26
Interesting Companies 41
Useful Links 49
Company List 51
Team 161
4. IoT Infrastructure Report, September 20164
Sector Overview
Scope of report
This report includes companies which enable infrastructure across the Internet of Things value chain for applications like
connected devices and smart solutions. These infrastructure companies enable IoT solutions provider to connect such devices to
cloud and develop applications based on these devices. Marquee investors such as Intel Capital, Momenta, DFJ, NEA,
Qualcomm, Cisco, Bessemer Venture Partners and others look at this as a special area of interest. Gartner also places this area
as a active area of interest in the Hype Cycle.
The IoT Infrastructure companies covered here include Hardware and Software providers for developing IoT Applications or
Services. It also covers Network Service Providers and Enablers, specifically for IoT applications and includes Unlicensed
Spectrums and alliances like Sigfox, LoRaWAN, etc.
The scope also encompasses Sensor Platforms/Stacks for prototyping or building apps; Networks Network Management
Platform for handling connectivity to devices; Device Management platforms which help manage and maintain IoT devices;
Application Development Platforms - which enable creation of applications for a specific end use of a company; Data
Management Platforms - These are platforms which provide a database specifically designed for the streaming nature of sensor
data; Analytics Platforms designed to handle sensor data and provide insights from such data.
This report excludes Telecom Players, IoT Services and Consulting companies, as well as Design Companies from its scope. These
would be present in other relevant reports from Tracxn. For funding, this report only includes venture capital / private equity
funding rounds and excludes debt financing and grants/prize money.
The scope of this report includes equity as well as debt funding received by the companies.
5. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5
6. IoT Infrastructure Report, September 2016
48
54
65
122
137
107
14
0
32
64
96
128
160
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
6
YoY – Number of companies founded
Ayla Networks Electric Imp Veniam Argus Cyber Security eero SORACOM Phantom IoT
PubNub Zonoff Actility Relayr Gizwits V5 Systems Trillbit
9. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
9
10. IoT Infrastructure Report, September 201610
YoY – Number of Rounds and Total Funding
Note: The funding includes debt rounds also.
$373M
$236M
$222M
$179M
$363M
$305M
$526M
$634M
$512M
23
32
41 43
66
84
107
109
82
0
24
48
72
96
120
0
140
280
420
560
700
2008 2009 2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inMillions)
Funding Amount Number of Rounds
17. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
17
18. IoT Infrastructure Report, September 201618
Most Active Investors in Sector
14
12
10 10 10 10
7 7 7
6
0
3
6
10
13
16
Intel Capital 500 Startups ARCH Venture
Partners
Momenta Plug and Play
Tech Center
Techstars Foundation
Capital
Opus Capital Polaris Partners Cisco
Investments
TotalNumberofRounds
Sigfox Keen Impinj ThingWorx Neura Keen
Silver Spring
Networks Gainspan Impinj Ayla Networks
Gainspan Luma Adesto Davra Networks Muzzley Filament Dust Networks Arrayent Ember Ambiq Micro
21. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
21
22. IoT Infrastructure Report, September 201622
Top IPOs
IPO Date Company Overview
Funding
Amount
Exch:
Ticker
11-04-2016 skkynet.com
Skkynet Cloud Systems
(Mississauga, 2011)
Secure & networked SCADA and IoT solution
-
OTCMKTS:
SKKY
13-03-2013 silverspringnet.com
Silver Spring Networks
(Redwood City, 2002)
Connectivity platform and network provider for communications between
utility and customer, smart meters and communication nodes
EMC, KPCB, GV, GSV Capital, DAG Ventures, Foundation Capital, Saints Capital,
ARTIS Ventures, Cross Creek Advisors, EEI Nat'l Key Accts, Hitachi, Juvo Capital,
Northgate, Peterson Partners
$282M
SSNI
12-02-2012 insidesecure.com
Inside Secure
(Meyreuil, 1995)
Embedded security for IoT & payment solution
VISA, Qualcomm, Qualcomm Ventures, GGV Capital, Motorola Solutions, Nokia
Growth Partners, FSI, WestSummit Capital, Gimv, Sofinnova Partners, Atmel,
Siparex, Eurous Ventures, HID Global, Jolt Capital, Samsung Venture Investment,
Vertex Ventures, Vertex Holdings
$181.4M
INSD
20-06-2007 ntels.com
nTels
(Seoul, 2011)
Telecom OSS/BSS, media, publishing, and IoT solutions provider
-
069410:
KS
25. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
2525
26. IoT Infrastructure Report, September 2016
800+ companies in the sector, 253 funded in last 5 years, ~$1.1Bn invested in 2015/16
September 2016Tracxn BlueBox : IoT Infrastructure
26
27. IoT Infrastructure Report, September 201627
Top Business Models by Funding
$1.8B
$908M
$828M
$522M
0
400
800
1200
1600
2000
IoT Platforms IoT Networks Hardware & Software Modules Security
TotalFundingAmount(inMillions)
# Cos. 388 83 304 64
Avg. Founded Year 2010 2010 2007 2009
Jasper
Ember
Inside SecureSilver Spring Networks
Sigfox MocanaThinFilm Electronics
Impinj
40. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
4040
41. IoT Infrastructure Report, September 2016
Company Overview Business Model
datiot.com
Dataiot
(2016, Gurgaon)
SaaS platform for IoT applications. IoT Platforms > Analytics Platforms
algotricx.com
Algotricx
(2015, Bangalore)
Analytics and computing platform for IoT applications IoT Platforms > Analytics Platforms
automatski.com
Automatski
(2014, London)
IoT fog computing platform for building end-to-end smart systems IoT Platforms > Fog Computing Platforms
visualsensing.com
Visual Sensing & Automation
(2014, Bangalore)
Sensor and actuator networking platform focused on industries.
Hardware & Software Modules > Hardware
Modules > Sensor SDK and platform
smartxlab.com
Smart X Lab
(2014, Taipei)
Mesh network with IoT applications IoT Networks > Mesh Networks
we-io.net
WeIO
(2013, Paris)
Provides hardware development modules for IoT Applications
Hardware & Software Modules > Hardware
Modules
VDS Corporation
(2013, Oakland)
Big data analytics for ADAS and self-driving cars IoT Platforms > Analytics Platforms
41
Interesting Unfunded Companies
Curated list of companies by the sector analyst are defined as Interesting
48. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
48
49. IoT Infrastructure Report, September 201649
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Hardware & Software Modules – Most Funded Companies Sub Sector Understand Link
IoT Platforms – Most Funded companies Sub Sector Understand Link
IoT Networks – Most Funded Companies Sub Sector Understand Link
Security – Most Funded Companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
50. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
50
51. IoT Infrastructure Report, September 201651
IoT Infrastructure – Company List
IoT Platforms IoT Networks Hardware & Software Modules Security
389 FUNDED COMPANIES AND 450 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS
52. IoT Infrastructure Report, September 201652
IoT Platforms (1/49)
Company Overview Business Model Total Funding
Empyrean Labs
(2015, Delhi)
M2M based IoT solution
C3 IoT
(2009, Redwood City)
Platform as a service for deploying Industrial applcations
InterWest Partners Analytics Platforms $37M
Keen
(2011, San Francisco)
Cloud-based platform for developers to build custom and white-label
analytics for web, mobile and IOT applications
Sequoia Capital, Amplify Partners, 500 Startups, XG Ventures,
Techstars, Data Collective, Rothenberg Ventures, Rincon Venture
Partners, Pelion Venture Partners, SK Ventures, Cloud Power Capital,
Streamlined Ventures
Analytics Platforms $30M
SpaceCurve
(2009, Seattle)
Real-time bigdata platform
Reed Elsevier Ventures, Tola Capital, Divergent, Triage Ventures,
Divergent Ventures
Analytics Platforms $29.8M
Infobright
(2005, Toronto)
Data Analytics Platform For IoT
Flybridge Capital Partners, RBC, Sun Microsystems, Information Venture
Partners
Analytics Platforms $21M
ColdLight
(2008, Wayne)
SaaS-based prescriptive Intelligence
Intel Capital, Ben Franklin Technology Partners, Kayne Anderson Capital
Advisors
Analytics Platforms $11M
Sentiance
(2012, Antwerp)
Mobile Analytics platform to build user profiles for contextual targeting
Samsung, Qbic, Volta Ventures, Qubic Analytics Platforms $10.68M
Go to BM List >> IoT Networks
53. IoT Infrastructure Report, September 201653
IoT Platforms (2/49)
Company Overview Business Model Total Funding
Saffron Tech
(1999, Cary)
Platform for Cognitive Computing
Analytics Platforms $7.54M
Flow
(2010, Brooklyn)
Real-Time Information Management
Trident Capital, SocialStarts, Scout Ventures, Cloud Capital Partners,
CrossConti
Analytics Platforms $6.43M
Mnubo
(2012, Montreal)
A cloud platform that provides M2M vertical applications to manage a
wide range of machine-to-machine devices.
White Star Capital, McRock Capital, Isomer Capital
Analytics Platforms $6M
DN2K
(2011, Greenwood Village)
Advanced remote monitoring, M2M and management systems
Analytics Platforms $3.16M
Planet OS
(2012, Sunnyvale)
Cloud Platform for Industrial IoT and Earth Observation Data
Intertrust Analytics Platforms $1.4M
Sense Ai
(2015, Saint Paul)
Analytics platform for data from vivid sources
Analytics Platforms $1.29M
Strap
(2014, Cincinnati)
Wearable analytics and software development platform
The Brandery, CincyTech, HPVP, Vine Street Ventures, Mercury Fund Analytics Platforms $1.27M
Bigfinite Inc
(2013, San Francisco)
Analytics platform for the Internet of Things
500 Startups Analytics Platforms $1.15M
Go to BM List >> IoT Networks
54. IoT Infrastructure Report, September 201654
IoT Platforms (3/49)
Company Overview Business Model Total Funding
Buddy
(2011, Seattle)
Cloud based data management platform
Transmedia Capital, Crestlight Analytics Platforms $1M
OneFold
(2013, San Francisco)
Visualization data from mobile & IoT
Studio 9 Plus Analytics Platforms $720k
Crowsnest
(2014, Seattle)
Crash analytics service provider IoT device makers
Techstars Analytics Platforms $138k
Tive
(2015, Boston)
Provides real-time sensor as a service for business optimization
Analytics Platforms
Statwig
(2016, Hyderabad)
Provides predictive analytics platform for IOT applications
Analytics Platforms
Dataiot
(2016, Gurgaon)
SaaS platform for IoT applications.
Analytics Platforms
KubeM2M
(2015, Pune)
IoT data analytics and device management
Analytics Platforms
Xmachinacloud
(, Los Angeles)
Provides analytics platform for IOT and M2M Applications
Analytics Platforms
Go to BM List >> IoT Networks
101. IoT Infrastructure Report, September 2016101
IoT Networks (1/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (2/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (3/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (4/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (5/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (6/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (7/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (8/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (9/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (10/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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IoT Networks (11/11)
IoT Platforms << Go to BM List >>
Hardware &
Software Modules
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Hardware & Software Modules (1/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (2/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (3/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (4/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (5/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (6/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (7/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (8/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (9/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (10/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (11/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (12/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (13/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (14/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (15/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (16/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (17/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (18/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (19/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (20/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (21/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (22/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (23/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (24/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (25/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (26/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (27/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (28/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (29/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (30/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (31/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (32/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (33/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (34/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (35/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (36/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (37/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (38/39)
IoT Networks << Go to BM List >> Security
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Hardware & Software Modules (39/39)
IoT Networks << Go to BM List >> Security
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Security (1/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (2/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (3/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (4/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (5/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (6/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (7/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (8/9)
Hardware &
Software
Modules
<< Go to BM List
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Security (9/9)
Hardware &
Software
Modules
<< Go to BM List
160. IoT Infrastructure Report, September 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
160
161. IoT Infrastructure Report, September 2016161
Team
Aakanksha Hajela
Lead Analyst – Technology Global
Vijaya Bhaskar Rao
Lead Analyst – Technology Global