As we make our way through Q1 of 2019, let’s look back on 2018 and analyze how funding in the IoT sector compares to previous years. The graphic below shows the total annual IoT funding amounts over time.
As the graphic demonstrates, 2018 was a record year for IoT funding at $26B. It represents a staggering 94% increase from the previous year’s funding. In addition, IoT funding grew at a CAGR of 54% over the past 5 years. Some of the largest funding events in 2018 include a $12.8B round for JUUL, a $1.1B round for View, an $820M round for UBTech Robotics, and a $550M round for Peloton.