SaaS startups have become the darling of Venture Capital investors, especially in the Internet of Things industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 23 VC funded SaaS startups in the Internet of Things industry.
An information technology business called Cohesion provides a vertically integrated SaaS platform for smart buildings. Due to the seamless integration of all building systems, workflows, and people into one intelligent building platform, it enables real estate owners to optimize asset and portfolio value. The connection gives building operators a single, unified platform to manage and enhance automation, tenant experience, smart building operations, and building health and security. The most actionable information available on the market are offered by Cohesion's platform, allowing owners to save expenses, improve tenant satisfaction, and boost operational transparency.
An automated platform for identifying vulnerabilities in any IoT software has been created by ArcusTeam, which is currently known as DeviceTotal. In order to enable the IoT sector to confidently innovate in the software they generate as well as in the third-party supply chain components incorporated into their environments, ArcusTeam seeks to enhance the security of IoT software throughout development and after production.
The Wolkus Technology Solutions-developed agri-tech platform Fasal is an AI-powered platform for the agriculture ecosystem that keeps track of a range of growth circumstances on the farm. It then makes on-farm forecasts using artificial intelligence and data analytics before offering the insights everywhere on any device, including (iOS, Android, Tablet, and web). Its data-driven precision agriculture system, which helps farmers save money on water, energy, fertilizers, and pesticides, suggests real-time agronomic solutions to producers utilizing on-farm and microclimate data obtained from agnostic sensors.
Fracttal provides 100% mobile, cloud-based intelligent maintenance and asset management software (CMMS/GMAO/EAM). These technologies give businesses the ability to manage maintenance in a way that is more effective, safe, and ensures the integrity and continuity of their operations as well as the safety of their employees. The shown gains include a reduction in operational hazards and asset failures of over 25%, an improvement in maintenance costs of at least 15%, and an increase in productivity of over 35%. With approximately 1000 clients, including Acciona, Unilever, Iberostar, Veolia, and FedEx, Fracttal targets major multinationals and SMEs in a number of business sectors, including manufacturing, facilities management, energy, and transportation, where it already has a sizable presence. Companies may remotely manage all maintenance tasks for any sort of asset, including equipment, vehicles, machinery, and buildings, using Fracttal One, the company's flagship product, from any device. This clever technology, a front-runner in some of the most renowned rankings in the world, enables real-time teamwork across various work teams and interfaces with any ERP. By minimizing mishaps and unexpected downtime that can cause delays, lost revenue, and accidents, Fracttal One enhances decision-making, increases efficiency, and increases the usable life of physical assets. Additionally, Fracttal created Predictto, an AI-enabled system for predictive maintenance that enables businesses to foresee failure scenarios with a high degree of accuracy. Predictto uses big data and machine learning to do this, recognizing asset behavior using unique reliability and degradation models.
For networked medical machines, Glassbeam is a pioneer in data and predictive analytics that gives structure and meaning to complicated data produced by a diverse fleet of medical devices. For companies like Canon Medical Systems USA, MultiCare Health System, UCSF Health, Scripps Medical, Harris Health, and US Radiology, effective solutions for improving equipment uptime and usage are only available with Glassbeam's innovative cloud-based platform. AWS hosted the 2013 launch of Glassbeam, a platform for IIoT analytics. Since then, with the help of linked medical equipment, the company has effectively concentrated on the healthcare business. The corporation has its headquarters in Santa Clara, California, in the Silicon Valley.
The first full edge-as-a-service system is called Hivecell. Hivecell makes it possible to deploy computational capacity similar to that found in clouds on-site, at the real edge, and outside the data closet. Hivecell was established in 2008 and has operations in Lviv, Ukraine, and Cedar Rapids, Iowa in addition to its main office in Beacon, New York.
We are Infraspeak, a leading worldwide technology firm that is revolutionizing the facilities management industry with an innovative platform for intelligent maintenance management. In order to fulfill our purpose of being a source of good living for our community, our customers, and our partners, we provide facilities and maintenance management teams with the technologies they need to tackle their own, specific obstacles. At Infraspeak, we've always recognized the value of intelligence, adaptability, and connectedness while attempting to compete in a world that is getting more complicated and demanding. We take pleasure in our ability to provide a solution for teams of various sizes across a variety of sectors today. Infraspeak is the intelligent maintenance management system that transforms challenging maintenance operations into a world of data, automation, and high performance. It is used by business owners, maintenance and facility managers, and technicians to deliver the best service possible, as expected, and on time.
A linked maintenance SaaS program called InUse communicates across machines to increase factory productivity. Through the incorporation of industrial know-how into the equipment, InUse converts use data into specific recommendations for factory operators. It gives the machines the ability to ask for the maintenance tasks they require and directs the operators toward the optimal course of action based on the production situation. As a result, a collective intelligence that is directly built into the machines augments all production actors. Through a single application, InUse, which is designed to provide linked maintenance services in factories, gives producers the chance to handle a variety of industrial difficulties. For instance, they can forecast when the machines will break down in the future and drastically cut the time it takes to restart production following a breakdown. InUse, a Paris-based company, is a member of the French Fab and the Alliance pour l'Industrie du Futur. Customers of InUse include ICE Water Management, Sidel, Alfi Technologies, Shem (Engie), and Alfi Technologies.
The serverless cloud communications platform (CPaaS) for mission-critical real-time communication is called iotcomms.io. has an emphasis on encapsulating telecom complexity into APIs for the IOT sector, including security, care, and IOT devices, as well as the Unified Communication sector.
The California-based startup Kleverness creates automation technologies for home and commercial structures. The group has created its solutions from the bottom up, spanning everything from software creation and artificial intelligence to hardware production and circuit design. By eliminating the requirement to modify building wiring in order to enable things to function, Kleverness overcame the largest obstacle in automation. In terms of energy efficiency and usefulness, Kleverness exceeds premier systems and is simple to install in any house or hotel.
Monuv increases device efficiency by maximizing the use of hardware and preventing the disposal of electronic waste through the connection of cameras and DVRs and the use of artificial intelligence. Monuv offers a business strategy that combines the owner of the camera, the installation, and artificial intelligence to provide a revolutionary experience for how consumers and companies utilize their security cameras. Brazilian public and private locations are monitored with Monuv's cameras. The platform develops the idea of self-monitoring and introduces the idea of intelligent cooperative surveillance, making cities and places safer.
Prescient Devices is a provider of SaaS-based IoT application development solutions. The company offers Prescient Designer, which is a low-code design automation software that enables system integrators, IT/OT engineers, and data scientists to build sensor-to-cloud IoT and edge computing solutions. Its platform builds and manages integrated cloud apps, interactive dashboards, and edge apps on a single platform, with enterprise-grade security and scale. Founded in 2018 by Andy Wang, Prescient Devices is headquartered in Concord, Massachusetts.
Roambee offers verifiably better supply chain visibility on demand, for on-time, in-full, in-condition delivery of shipments and assets anywhere in the world. 300+ enterprises are improving customer experience, service levels, product quality, cash cycles, business efficiencies, and sustainability with Roambee’s real-time insights & foresights. More than 50 of them are the top 100 global companies in the Pharma, Food, Electronics, Chemicals, Automotive, Packaging & Containers, and Logistics sectors. The company’s innovative AI-powered platform and end-to-end monitoring solutions deliver reliable, timely, and actionable “supply chain signals” that drive logistics automation. These curated supply chain signals are built on item-level, firsthand IoT sensor data and non-sensor inputs for high accuracy. This enables better multimodal ETAs, OTIF deliveries, 80%+ cold chain compliance, and more, including 4X+ ROI on supply chain assets such as bins, tanks, containers, work in process (WIP), and in-store/warehouse inventory by optimizing utilization and inventory levels. Gartner identifies Roambee as one of the 9 global supply chain technology companies in “2021 Gartner Tracking and Monitoring Business Process Context: Magic Quadrant for Real-Time Transposition Visibility Platforms.” Roambee is also behind the safe and timely distribution of temperature-sensitive vaccines for one of the largest global COVID-19 vaccine makers and food assistance for one of the largest humanitarian organizations in the world. Roambee is headquartered in the Silicon Valley, USA, and is globally operational with offices in Mexico, Brazil, UK, Switzerland, Germany, UAE, India, Singapore, Malaysia, and Indonesia.
SIERA.AI provides industrial operations with a SaaS dashboard to digitize compliance paperwork, monitor equipment health, and track safety violations using data from AI-enabled sensors, assisting them in increasing the productivity and safety of their industrial vehicles (such as forklifts, tow tractors, cranes, etc.). Manufacturing, transportation, wholesale and retail commerce, logistics, utilities and energy, government, and the food and beverage industry are just a few of the industries served by SIERA.AI, which is based in North America.
Vernacular.ai is an AI-first SaaS company with the goal of putting an end to unpleasant contact center experiences. By automating contact center inquiries, we assist businesses in improving the customer experience through intelligent voice chats. Our Voice AI-powered call center automation technology, VIVA (Vernacular Intelligent Voice Assistant), aids businesses in streamlining contact center operations and enhancing customer experience and engagement. With the aid of our voice recognition engine and natural language understanding technology, you can now always have conversations that sound human and improve the efficiency of your self-service.
Splashtop provides corporations, academic and research institutions, governmental organizations, small businesses, MSPs, IT departments, and people with next-generation remote access and remote assistance software and services. With a fantastic 93 Net Promoter Score (NPS), a metric for measuring customer happiness, it replaces outdated ways like virtual private networks (VPNs) with a cloud-based, secure, and simply maintained remote access strategy. With connectors for Microsoft Active Directory, JumpCloud, OKTA, OneLogin, and other services, Splashtop provides an enterprise-specific solution with additional capabilities like single-sign-on (SSO). In addition, businesses may combine Splashtop with corporate services like Salesforce, Jira, Zendesk, Freshdesk, and ServiceNow so that support staff can assist end users without having to transfer to a different help desk application. Splashtop products are used by more than 30 million users worldwide, including those in 85% of Fortune 500 companies. Mark Lee, Philip Sheu, Robert Ha, Thomas Deng, and Alex Lu co-founded the corporation, which has its headquarters in San Jose, California, in 2006.
Sureify is a SaaS platform for Life and Annuity companies around the globe. Sureify’s sales, customer self-service engagement solution, and their up-sell cross-sell solutions enable life insurers to connect, service, and sell to their new and existing customers using the most life insurance focused platform in the market today. The enterprise platform solution is secure, scalable, and delivers pragmatic features with the basics of the everyday digital life insurer front of mind. The Sureify solution encompasses the consumer-facing web and mobile applications, automated messaging and self-service platform, agent engagement console, marketing dashboard, underwriters data platform with analytics and reporting for executive overview. Sureify also can be implemented right on top of existing core systems and CRM systems while integrating with existing contact center platforms, customer apps, and most life insurance emerging and traditional 3rd party applications. All this is supported by Sureify’s Customer Experience team to ensure best practices, ideation, configuration both inside enterprise and end-user digitalization. Life insurers use the Sureify platform for direct and agent digital sales, policyholder service and self service, new product education and marketing, churn reduction, upsell cross-sell, and complete digital tracking of policyholders. The time is now for the life and annuity insurer.
Switchee was founded out of INSEAD business school in 2015 and is headquartered in London. It is now the market leader in social housing IoT, servicing many of the largest housing associations in the UK. The company helps large residential landlords to better manage their property portfolio, using technology to identify maintenance issues, reduce fuel bills and improve communication with residents. For every £1 invested in Switchee services, the landlord saves £2 and puts £2 back into the pocket of their resident. Switchee has reimagined the way landlords interact with residents and manage their homes. Their services ensure that landlords have the information they need to eliminate fuel poverty, damp and mould as well as heating & ventilation failures. Switchee is primarily a software and insights business, but to access this real-time data, they reinvented a ubiquitous household object – the thermostat. They have created an internet connected product that reduces energy bills, acts as a two-way communication platform with the resident and collects environmental data that drives an insights engine, landlord dashboard and API.
Totango is a customer success company that develops a platform to track customer engagement and referrals. It is an enterprise customer success solution that enables companies to align around their customers to increase loyalty and customer lifetime value. Its solution connects all customer information so companies can proactively and intelligently engage with their customers to drive adoption, retention, and expansion.
VEERUM is a SaaS provider that applies digital technology to asset ownership, helping our clients build and maintain a better world. VEERUM's Asset Visualization Platform provides stakeholders with the latest tools and information to optimize asset outcomes. VEERUM provides a secure cloud-based web solution enabling data transparency across the entire asset lifecycle. It allows asset stakeholders to view aggregated asset data in the context of a 3D model. All information is available for a total audit history of the asset. We are the simplest and easiest to use solution on the market so you can stay ahead of the competition on your journey to digital adoption. Our clients are accelerating the transition to digital asset ownership, effectively building and maintaining the world’s critical infrastructure. Founded in 2014, VEERUM is a global software provider headquartered in Calgary, Alberta.
Today’s enterprises have cyber vulnerabilities caused by thousands of unmanaged and IoT devices that keep their employees and facilities secure, patients alive, office temperatures just right, and perform dozens of other critical functions to ensure the business runs smoothly. If the security of those devices is compromised, the business itself is compromised. Viakoo Action Platform with firmware patching, certificate management, and password enforcement helps protect these device vulnerabilities.
The first and only loyalty program created specifically for the CPG industry is by WECHEER.IO. Our technology platform, which combines AI, image recognition, and proprietary IoT devices, enables us to digitize any consumption moment that occurs in the "real world" and link companies with their customers. We are the first "brand loyalty card" that can easily be used at any restaurant, retail location, or internet retailer. With the goal of providing the finest experience and most scalable digital loyalty program created for the offline world, consumer design is at the core of our work. Some of the major global CPG companies, including ABinBev, BAT, Pernod Ricard, Coke, Mars, and Pepsi, have verified and deployed our SaaS solution.
Through a plug-and-play IoT platform created to enable the 4.0 digital transformation of any industrial equipment in a quick, flexible, and safe manner, Zerynth assists businesses in digitalizing their production processes and developing connected industrial goods. Zerynth, founded in 2015, has expanded consistently. There are now over 35 team members with extensive IoT experience and over 100 customers across a variety of industries, including manufacturing, agriculture, energy, and logistics. Zerynth, which has its headquarters in Pisa, Italy, is involved in worldwide initiatives and plans to expand in both EU and non-EU nations during the next three years. Visit www.zerynth.com for additional details.