Top 10 Startups developing AI for Internet of Things

Updated: February 27, 2024

IoT based smart systems generate a large volume of data that cannot be processed by traditional data processing algorithms and applications. AI can help to monitor IoT systems and predict the future actions in advance.
1
Country: USA | Funding: $606.5M
As the First Cloud Robots services company, CloudMinds is developing an end-to-end ecosystem to support cloud connected smart machines
2
Country: USA | Funding: $286.6M
SparkCognition engages in developing AI-Powered cyber-physical software for the safety, security, and reliability of IT, OT, and the IoT. SparkCognition builds artificial intelligence solutions for applications in energy, oil and gas, manufacturing, finance, aerospace, defense, and security.
3
Country: France | Funding: $228.5M
C3 IoT delivers a complete platform as a service for rapidly developing and operating big data, predictive analytics, AI, and IoT software applications. By leveraging telemetry, elastic cloud computing, analytics, and machine learning, C3 IoT brings the power of predictive insights to any business value chain.
4
Country: UK | Funding: $135.5M
Infogrid is changing the world through building intelligence. Our AI-powered platform gathers and analyses data from the smartest IoT technology to drive our mission of making every building healthy, efficient and sustainable.
5
Country: Japan | Funding: ¥16.5B
Preferred Networks develops technologies related to autonomous driving and connected cars. They also apply machine learning and deep learning to robotics and machine tools, and conduct research and development of object recognition, control, anomaly detection, and optimization technology, medical images such as CT and MRI, and develop systems to allow early diagnosis of cancer using blood samples.
6
Country: USA | Funding: $77.2M
Maana is the Knowledge Platform that accelerates knowledge discovery to increase profitability for industrial and oil & gas companies. Maana creates Knowledge Graph out of unstructured data. Knowledge Bots automate many of the computational modeling performed by your data scientists, such as field classification, entity recognition and supervised machine learning.
7
Country: USA | Funding: $72.5M
FogHorn is a path-breaking multi-tier IoT application deployment platform that efficiently bridges Information Technology. It provides a complete edge solution consisting of a highly miniaturized complex event processing (CEP) engine, also known as an analytics engine and machine learning (ML) capability to help derive real-time insights right at the edge.
8
Country: Israel | Funding: $70M
Vdoo provides an end-to-end product security platform for automating all software security tasks throughout the entire product lifecycle, ensuring all findings are prioritized, communicated, and mitigated. Its powerful vertical-agnostic platform serves product security stakeholders and developers in a variety of industries, helping them dramatically reduce cyber security risks while creating new business opportunities.
9
Country: Netherlands | Funding: $68.7M
Axelera is working to develop AI acceleration cards and systems for use cases like security, retail and robotics that it plans to sell through partners in the business-to-business edge computing and Internet of Things sectors.
10
Country: USA | Funding: $50M
SpaceTime Insight's machine learning analytics and industrial IoT applications optimize operations in motion, in context, and in real time. Acquired by Nokia.
11
Country: Israel | Funding: $50M
WINT is a water intelligence system that helps save water, reduce consumption, and prevent water leaks. The system collects data from the system’s water meters. Using proprietary artificial intelligence and algorithms, the system learns the normal water flow at that location and immediately detects any anomaly.
12
Country: Belgium | Funding: $29.6M
Sentiance is a data science company turning IOT sensor data into rich insights about people’s behavior and real-time context.
13
Country: USA | Funding: $13.8M
ControlRooms is the AI-powered monitoring and observability tool for critical infrastructure.
14
Country: Israel | Funding: $13M
Grid4C develops AI and Machine Learning solutions to extract maximum business value out of smart meters and IoT data, embedding algorithms at the grid edge, while delivering predictive insights for energy providers, their customers, and the grid.
15
Country: India | Funding: $8.5M
Flutura is an AI Solutions company focused on improving two core business objectives of "Asset Uptime" and "Operational Efficiency". Flutura does this with Cerebra, their AI Platform tuned for IIOT in Oil & Gas, Process Manufacturing, and Heavy machinery manufacturing industries, powering connected asset and connected operations use cases.
16
Country: Germany | Funding: €2.4M
Evertracker offers a platform technology that matches Internet of Things applications with Artificial Intelligence. It enables movable and inaccessible objects to communicate to revolutionize logistics and supply chains.
17
Country: USA | Funding: $2.5M
Silk is a machine learning company using on-device AI to empower businesses to build the next generation of intelligent connected devices
18
Country: India
Barcode India (BCI) is a provider of advanced supply chain management software and hardware including integrated machine vision systems.