Top 19 Startups developing AI for Internet of Things

Nov 23, 2024 | By Siddhant Patel

These startups develop AI and ML systems that process large volumes of data generated by IoT systems to monitor their behavior 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: Japan | Funding: ¥25.6B
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.
5
Country: UK | Funding: $148.5M
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.
6
Country: Netherlands | Funding: $136.7M
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.
7
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.
8
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.
9
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.
10
Country: USA | Funding: $29M
We leverage the capabilities of AI to transform physical entities into digital counterparts, driving business expansion and growth.
11
Country: USA | Funding: $13.8M
ControlRooms is the AI-powered monitoring and observability tool for critical infrastructure.
12
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.
13
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.
14
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.
15
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
16
Country: India
Barcode India (BCI) is a provider of advanced supply chain management software and hardware including integrated machine vision systems.
Editor: Siddhant Patel
Siddhant Patel is a senior editor for AI-Startups. He is based out of India and has previously worked at publications including Huffington Post and The Next Web. Siddhant has a special interest in artificial intelligence and has spent a decade covering the rapidly-evolving business and technology of the industry. Siddhant graduated from the Indian Institute of Science (Bengaluru). When he’s not writing, Siddhant is also a developer and has a deep historical knowledge of the computer industry for the past 50 years. You can contact Siddhant at sidpatel(at)ai-startups(dot)org