Internet Of Things Funding in 2019 Projected to Fall After Outlier Year

How is the funding environment shaping up for internet of things in 2019? As we pass the mid-year mark, let’s see how the year-to-date metrics compare to the historical trends. The graph below shows IoT total funding by year, stacked by quarters.

Internet Of Things Funding Over Time

As the graphic demonstrates, IoT has amassed $8.5B through Q1 and Q2 of this year. This amount represents 32% of the total funding in 2018, and 149% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $1.7B round into Infineon Technologies, a $420M round into PAX Labs, and a $280M round into Magic Leap.

A straight-line projection of the completed funding this year would result in $16.9B, which is 64% of the total 2018 funding. On the other hand, a weighted quarterly average projection of 2019 funding would result in $39.3B, which exceeds the total 2018 funding by 49%. Therefore, based on the mid-year data and leaning towards the straight-line projection, we expect 2019 to fall somewhat from the 2018 total.

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