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We have updated our Internet of Things sector map for April 2015 and it is attached below. We are currently tracking over 812 companies in 16 categories across 43 countries, with a total of $6.86 Billion in funding. To see the full list of Internet of Things companies, contact us using the form on www.venturescanner.com.
We have updated our Internet of Things sector map and it is attached below. We are currently tracking over 704 companies in 16 categories across 38 countries, with a total of $4.94B in funding. To see the full list of companies, contact us using the form on www.venturescanner.com.
Consumer Physics is an Israel-based IoT startup developing a molecular sensor called the SCiO that allows anyone to find out the chemical composition of physical objects around them (food, plants, medication, etc.). It is one of the most successful crowd funding campaign* that has raised more than $2.7 million on kickstarter.
Here's another analysis based on my previous post on the top 50 IoT campaigns on kickstarter and indiegogo. I added a new parameter to see how much these companies raised over their original goal. While target amounts are often set intentionally low to make it easier to achieve, it may be interesting to see which projects overwhelmingly exceeded the expectations.
Recently I've noticed a growing number of IoT startups raising a lot of money very quickly on kickstarter and indiegogo. Skully Helmets raised more than $1M in a day and still growing, Sense raised more than $2M, and JIBO just surpassed $1.8M, just to name a few (all figures at the time of writing this post).
I wrote a couple of months back about the explosion of IoT accelerators, and how corporates are beginning to play a bigger role in the space. Corporates can provide APIs to real products, and access to real usage data that developers can hack around with to create new apps and services. GE's at the forefront of this with the GE+Quirky initiative where they claim to be providing "thousands of patents" to Quirky developers.
When I met Atif in the summer of 2013, he was still at his old job and looking to start his own hardware startup. He briefly joined us at Venture Scanner to look at the IoT space, came up with a bunch of ideas, and discussed them with us. A year later, he launched a smart lightbulb socket called emberlight on kickstarter and blew past his goal of $50K in five days (raised $78K with 34 days left at the time of writing this post).
When I launched the IoT landscape two months ago, I had 391 companies in the system. Today I scanned my 500th company into Venture Scanner so I decided to update the category map. I also added a new category called "Tags and Trackers" as we're seeing a growing number of startups making little devices that help people find smartphones, items, and kids.
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