121 Best Internet of Things Startups to Watch in 2023

121 Internet of Things Startups to Watch (and Work for) in 2023

Internet of Things's tech sector is booming. This year’s list of the best 121 Internet of Things tech startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.

Curated by @gonsanchezs

Internet of Things 10+ employees Fast-growing

The last update was made on March 15, 2023.


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Luko

Luko is a neo-insurance company that provides home insurance and security technology.

Paris   11 to 50   $85 Million   $22 Million  

Accel   EQT Ventures   Speedinvest  

B2C  

FloLive

floLIVE provides secure, cloud-native connectivity solutions to enterprises and mobile operators looking for seamless global coverage

London   51 to 100   $41 Million   $22 Million  

83North  

B2B   SAAS  

Infogrid

Infogrid is an AI technology company that automates building management.

London   251 to 500   $16 Million   $15 Million  

Northzone  

B2B  

Infobip

Infobip specializes in omnichannel engagement powering a range of messaging channels, tools, and solutions for advanced customer engagement.

London   1001 to 5000   $800 Million   $200 Million  

B2B   SAAS  

Soter Analytics

The world's most advanced workplace ergonomic injury prevention platform using AI, proprietary deep tech, with a SaaS business model

London   11 to 50   $14 Million   $500 Thousand  

btov Partners   Verve Ventures  

B2B   SAAS  

ChannelSight

The leading eCommerce Intelligence Platform for every product, every journey, every KPI.

Dublin   51 to 100   $14 Million   $10 Million  

Nauta Capital   Act Venture Capital   Connected Capital & Partners  

B2B   SAAS  

Nordsense

Nordsense is a SaaS-based smart waste management platform that helps with the waste collection processes.

Copenhagen   11 to 50   $13 Million   $8.5 Million  

New Enterprise Associates  

B2B   SAAS  

EVRYTHNG

EVRYTHNG develops an IoT platform for consumer product brands, articulating data with real-time insights for billions of things.

London   51 to 100   $51 Million   $10 Million  

Bloc Ventures   IDC Ventures  

B2B   SAAS  

Tado°

Tado° offers smart thermostats and apps that adjusts to the real-time behavior of residents in private homes and small businesses.

Munich   101 to 250   $160 Million   $46 Million  

B2B  

HiveMQ

HiveMQ empower businesses to succeed in a connected world by providing data movement technology for fast, efficient & secure communication.

  11 to 50   $54 Million   $11 Million  

Earlybird Venture Capital   Molten Ventures  

B2B   SAAS  

OpenSensors

OpenSensors is an internet of things company that builds a connected world that puts people first.

London   11 to 50   $4.1 Million   $4 Million  

Crane Venture Partners  

B2B   SAAS  

Synthace

Synthace is a Life Sciences R&D cloud platform that enables experiments to be automated, with the resultant data seamlessly integrated.

London   11 to 50   $81 Million  

Sofinnova Partners  

B2B   SAAS  

Pisano

Pisano is an all-in-one Experience Management platform that feeds Voice of Customer and Voice of Employee programs back into businesses.

London   51 to 100   $130 Million   $2.5 Million  

B2B   SAAS  

ROXi

ROXi's free TV Music App brings friends and family together to enjoy unlimited music videos, karaoke and games.

London   11 to 50   $35 Million   $17 Million  

B2C  

1NCE

1NCE is the only provider of connectivity and software for IoT at a global flat rate

Cologne   101 to 250   $50 Million   $50 Million  

SoftBank Group  

B2B  

Workerbase

WORKERBASE is a Low-Code SaaS Platform that orchestrates processes in manufacturing and enables its customers to make 20%+ more revenue

Munich   11 to 50   $13 Million  

Point Nine Capital   Almaz Capital   Tiny VC   Bayern Kapital  

B2B   SAAS  

Novelda

Novelda is a sensor company specializing in nanoscale wireless low-power ultra wideband technology for high resolution impulse radar.

Oslo   51 to 100   $100 Million   $15 Million  

Investinor  

B2B  

Ad-Lib.io

Powering Creative Effectiveness

London   51 to 100   $12 Million   $6.2 Million  

B2B   SAAS  

Tictrac

Tictrac is a connected health platform that engages people in their health through their data.

London   11 to 50   $13 Million   $7.5 Million  

B2B   SAAS  

Momo

Momo is a free location-based services instant messaging application that enables smartphone users to chat with people nearby.

Beijing   501 to 1000   $1 Billion  

Global Founders Capital (GFC)   Element Ventures  

B2B   SAAS  

Vivacity Labs

Vivacity Labs makes intelligent cameras to gather transport data, using the latest machine learning & computer vision techniques.

London   11 to 50   $9.2 Million   $7 Million  

B2B   SAAS  

Wirepas

No bullshit. Just enterprise IoT as it should be. Connecting millions of devices. Failure-free. No infrastructure. No middlemen.

Tampere   11 to 50   $35 Million   $16 Million  

Inventure   Karma Venture   ETF Partners  

B2B   SAAS  

Wakeo

Wakeo provides a Saas platform to bring real time visibility on B2B transport flows.

Paris   11 to 50   $13 Million   $2 Million  

360 Capital  

B2B   SAAS  

Cobugs

Cobugs is a Internet of Things (ioT) service provider.

Barcelona   1 to 10   $740 Thousand   $680 Thousand  

JME Ventures   Athos Capital   Finaves  

Proemion

Proemion is a hardware manufacture company that have delivered CAN devices & connectivity solutions for demanding industrial applications.

  101 to 250   $33 Million   $33 Million  

B2B  

GreenCom Networks AG

GreenCom Networks is a Software-as-a-Service Company, offering white-label solutions for the utility industry and energy service companies.

Munich   51 to 100   $15 Million   $15 Million  

SET Ventures  

B2B   MARKETPLACE   SAAS  

Metrikus

Metrikus is a smart building platform that integrates sensors to create more sustainable, healthy, and productive places to live and work.

London   11 to 50   $0   $3.3 Million  

B2B   SAAS  

Odore

We bring digital and data to sampling, providing data driven sampling solutions so brands get to know their customers better.

London   11 to 50   $2.5 Million   $260 Thousand  

Concept Ventures   Blackfinch Ventures  

B2B  

TactoTek

TactoTek manufactures 3D structural electronics by integrating printed circuitry and electronic components into injection-molded plastics.

Oulu   51 to 100   $96 Million   $25 Million  

B2B  

Stenon

The Soil Data Company

Potsdam   11 to 50   $27 Million   $3.9 Million  

Cherry Ventures   Atlantic Labs  

B2B   SAAS  

Hometree

Hometree exists to make home ownership simple & sustainable

London   51 to 100   $24 Million  

DN Capital   Anthemis  

B2B   B2C   MARKETPLACE  

Exein

Exein is a firmware-focused cybersecurity startup that develops an open-source IoT security framework.

Rome   11 to 50   $9.3 Million   $7 Million  

Future Industry Ventures   United Ventures  

B2B  

ThingCo

Telematics, Cars, IoT, SaaS, Insurance, ADAS, Intelligent voice,Automotive

London   11 to 50   $4.1 Million   $4.1 Million  

B2B  

Unacast

Unacast built the Real World Graph® and is the leading transparent and contextualized location data platform

New York   11 to 50   $51 Million   $11 Million  

Investinor  

B2B  

Controlant

Controlant is a supply chain company for heavily regulated industries such as pharmaceuticals & life sciences and food & beverage sectors.

Reykjavík   101 to 250   $55 Million   $7.7 Million  

B2B  

Opendatasoft

Powerful all-in-one SaaS platform enables everyone to rapidly create and share compelling data experiences across their ecosystems.

Boston   51 to 100   $36 Million   $25 Million  

Demeter Partners  

B2B   SAAS  

Clairify

Smart data platform improving indoor environments by using IoT sensors and predictive analytics

Amsterdam   1 to 10   $690 Thousand   $620 Thousand  

Rockstart   OostNL  

B2B  

Altitude Angel

Altitude Angel makes drones safer by providing the data and cloud services needed to safely unlock their potential.

Reading   11 to 50   $4.9 Million   $5.3 Million  

Octopus Ventures  

B2B   SAAS  

Datumize

Datumize is a software technology company that develops tools for capturing dark data found in enterprises.

Barcelona   11 to 50   $2 Million   $2 Million  

SGH CAPITAL   Mundi Ventures  

B2B   SAAS  

Eseye

Eseye provides global M2M managed connectivity across all devices.

  101 to 250   $39 Million   $21 Million  

B2B  

ev.energy

Ev.energy is a smart charging software platform for electric vehicles to reduce carbon emissions and costs.

London   11 to 50   $14 Million  

Future Energy Ventures   Energy Impact Partners  

B2B   SAAS  

Corrux

corrux is a software company that enables enterprises to maximize the efficiency of industrial equipment

Munich   1 to 10   $3.1 Million   $3.1 Million  

B2B   SAAS  

Svea Solar

Svea Solar is digitalising energy.

  101 to 250   $120 Million   $13 Million  

B2B   B2C  

Spherag

Spherag is an agtech firm that develops IoT solutions for agriculture sector like smart water metering system, monitoring sensors, and more.

Zaragoza   11 to 50   $2.9 Million   $2.9 Million  

Bonsai Partners   Ship2B  

B2B   SAAS  

Nearby Computing

Orchestration and Automation for Edge Computing

Barcelona   11 to 50   $0   $2.4 Million  

B2B  

Sensolus

Sensolus provides care-free tracking of your valuable non-powered assets directly from the cloud.

Ghent   11 to 50   $7.4 Million   $4.1 Million  

btov Partners  

B2B  

Logmore

Logmore improves logistics quality control by QR data loggers and a connected cloud platform.

Jyväskylä   51 to 100   $4.9 Million   $4.9 Million  

Icebreaker   NordicNinja VC  

B2B  

Sherpa.ai

Sherpa is an AI-based predictive and conversational Digital Assistant designed for manufacturers of consumer products.

Bilbao   51 to 100   $27 Million   $8.5 Million  

Mundi Ventures  

B2B   SAAS  

Rombit

Rombit connects humans and machines to ensure real-time risk management and make our customers' operations more safe and efficient.

Antwerp   51 to 100   $48 Million   $12 Million  

B2B   SAAS  

GeoSpock

GeoSpock builds GeoSpock DB, the unique space-time analytics database that delivers rapid insights at a fraction of the cost.

Cambridge   11 to 50   $38 Million   $5.4 Million  

Parkwalk Advisors  

B2B   SAAS  

QuestDB

QuestDB is an open-source SQL database designed to process time-series data, faster.

San Francisco   1 to 10   $14 Million   $120 Thousand  

Kima Ventures   Seedcamp   Y Combinator   7percent Ventures   468 Capital   Episode 1  

B2B   SAAS  

Arundo Analytics

Arundo Analytics provides cloud-based and edge-enabled software for the deployment and management.

Palo Alto   51 to 100   $33 Million   $16 Million  

B2B  

Novolyze

Empowering food and beverage companies to enhance food safety and quality performance

Bethesda   11 to 50   $20 Million   $15 Million  

B2B  

TAIA translations

Taia is a modern web platform, using the latest translation technology that helps companies translate their content more efficiently.

London   11 to 50   $1.4 Million   $1.4 Million  

B2B   SAAS  

Genuino

Buy, collect and trade authentic digital sports memorabilia

Milan   1 to 10   $0   $990 Thousand  

B2C  

ThinxNet

ThinxNet - we connect things to the cloud

Munich   11 to 50   $0  

B2B   B2C   FREEMIUM  

FoodMarble

We measure your digestion. Creators of the first personal digestive breath tester.

Dublin   11 to 50   $8.7 Million  

B2C  

Flowfactory

SaaS platform to build applied business applications so that our customers can grow faster through purpose-driven digitialization.

Stockholm   1 to 10   $3.4 Million   $1.3 Million  

B2B   SAAS  

Oliver

Football insights for amateur players to play like pros.

Barcelona   11 to 50   $2.2 Million   $450 Thousand  

B2B   B2C  

IOT Communications

SaaS, IoT, Healthcare, CpaaS

Stockholm   11 to 50   $3.4 Million   $1.1 Million  

B2B   SAAS  

Homely AS

Homely is a provider of smart home alarm solution.

Oslo   1 to 10   $1.3 Million   $1.3 Million  

Schibsted Growth  

B2B   B2C   SAAS  

Homeys

Energy efficiency in buildings | IoT & AI

Paris   1 to 10   $0   $1.3 Million  

B2B   SAAS  

Altrnativ

Altrnativ provides cyber security, data control, privacy, risk management, and technical support for companies and the public sectors.

Paris   11 to 50   $0   $1.2 Million  

B2B   SAAS  

Imagimob

Imagimob has invented and developed SensorBeat, a technology for real time artificial intelligence on the edge.

Stockholm   11 to 50   $3.9 Million   $1.1 Million  

B2B  

Shayp

Shayp is the turnkey solution for automatic water leak detection and remote water consumption tracking in private and public buildings

Brussels   11 to 50   $2.3 Million   $2.3 Million  

B2B  

Kippy

Kippy is the first IoT device that combines real time GPS tracking and physical activity monitoring of your four-legged friend.

Milan   11 to 50   $7.2 Million   $1.3 Million  

B2B   B2C  

Zobi

Zobi develop products to provide whole-home protection against the malicious digital activity.

London   1 to 10   $1.7 Million   $1.8 Million  

B2B   B2C  

InUse

Software editor founded in 2015, offering a SaaS application that delivers IoT based connected services for factories

Paris   11 to 50   $4.8 Million  

Axeleo Capital  

B2B   SAAS  

Aloxy

Aloxy enables the industrial Internet of Things by offering a modular IoT platform for the petrochemical industry.

Antwerp   11 to 50   $6.3 Million   $4 Million  

B2B   SAAS  

Newicon

New Icon manufactures automation solutions for hospitals and pharmacies with technology that relies on robotics and the Internet of Things.

Kuopio   51 to 100   $12 Million   $5.6 Million  

B2B  

Rever

Rever is a Connected Worker Platform that helps global manufacturers to drive Frontline Excellence.

San Mateo   11 to 50   $4 Million   $500 Thousand  

Y Combinator   Global Founders Capital (GFC)  

B2B   SAAS  

In&motion

In&Motion creates wearable smart protection systems that reduces risks of serious injuries due to falls.

Annecy   11 to 50   $14 Million   $12 Million  

360 Capital  

B2B   B2C  

Heimdall Power

Heimdall Power is a company that streamlines the use of electricity in a growing market for the Internet of Things.

Steinkjer   11 to 50   $3.9 Million   $3.6 Million  

Investinor  

B2B  

Zerynth

Zerynth provides an IoT & AI platform enabling companies to rapidly achieve complete assets integration and processes optimization

Pisa   11 to 50   $8 Million   $2.4 Million  

CDP Venture Capital Sgr   United Ventures  

B2B   SAAS  

Apogeo Space

Apogeo Space is a company that builds a constellation of nanosatellites that can give internet access.

Brescia   1 to 10   $5.3 Million   $5.3 Million  

Primo Ventures  

B2B  

Disruptive Technologies

Disruptive Technologies is a measurement and data delivery company.

Bergen   11 to 50   $13 Million   $9.7 Million  

Norselab  

B2B  

Locatee

Locatee is the leading workplace analytics solution that transforms data into space utilization insights.

Zürich   51 to 100   $16 Million   $3.9 Million  

Verve Ventures  

B2B   SAAS  

Sensire

IIOT, Wireless cloud-based temperature monitoring solutions

Joensuu   11 to 50   $6.8 Million   $6.8 Million  

B2B   SAAS  

German Autolabs

German Autolabs empowers mobile workers in logistics with voice assistance.

Berlin   11 to 50   $10 Million   $8 Million  

Coparion  

B2B   SAAS  

MyTower

A Unified All-in-One Innovative Property Intelligence Management Platform

Tel Aviv   11 to 50   $4.5 Million   $8.1 Million  

B2B   SAAS  

Crate.IO

Enabling Data Insights at Scale

Redwood City   51 to 100   $35 Million  

Molten Ventures  

B2B   SAAS  

10Lines

10Lines is developing autonomous parking lot marking robots and technological solutions in the industry of pavement marking.

Tallinn   1 to 10   $980 Thousand   $830 Thousand  

Tera Ventures  

B2B  

Ekkono Solutions

Ekkono Solutions provide machine learning for IoT, which takes them from connected to smart.

  11 to 50   $6 Million   $2 Million  

Almi Invest   Walerud Ventures  

B2B   SAAS  

Homyhub

Unlocking the full potential of garages

Madrid   1 to 10   $1.6 Million   $660 Thousand  

B2C  

Innerspace

Indoor location platform designed to improve real estate utilization, drive operations, and improve public safety.

Toronto   11 to 50   $3.9 Million   $1.1 Million  

High-Tech Gründerfonds  

B2B   SAAS  

Inniti

We connect laboratory equipment to our software platform so that scientists can automate the execution and data logging of their experiments

Copenhagen   1 to 10   $0  

Frontline Ventures   People Ventures  

B2B   SAAS  

Irriot

Irriot is an IoT automation platform.

Stockholm   1 to 10   $300 Thousand   $260 Thousand  

Curitas Ventures  

B2B   SAAS  

Luna Systems

Luna provides AI and computer vision to manage how micromobility vehicles are ridden and parked.

Dublin   11 to 50   $0   $470 Thousand  

B2B   SAAS  

MedKitDoc

MedKitDoc enables remote treatment of serious chronical medical conditions by building the next level remote medical care platform.

Berlin   1 to 10   $10 Million  

Acton Capital Partners   Picus Capital   Vorwerk Ventures  

B2B   B2C   MARKETPLACE  

Nordetect

Nordetect combines Lab-on-a-Chip and Computer Vision to build portable analysis systems for the AgriFood industry

Copenhagen   1 to 10   $2.2 Million  

Rockstart   PreSeed Ventures  

B2B   SAAS  

Parakey

Parakey turns your smartphone into a key making it possible to unlock restricted areas by a simple tap on your phone.

Gothenburg   1 to 10   $1.7 Million   $2.4 Million  

B2B  

Sensative

Disruptive IoT, cloud & AI technology empowering smart property owners in the digitalization of properties and industrial processes.

Lund   11 to 50   $11 Million   $2.8 Million  

Aconterra  

B2C  

Zymoscope

Zymoscope offers an Industrial IoT platform, to help food processors monitor their fermentation easily, in real-time and remotely.

Copenhagen   1 to 10   $1.3 Million  

Rockstart  

B2B  

tacterion

tacterion is a high-tech start-up that develops and markets tactile sensors.

Munich   1 to 10   $30 Thousand  

B2B  

Vikey

A vacation home rental management solution.

Rome   1 to 10   $1.9 Million   $950 Thousand  

CDP Venture Capital Sgr  

B2B   SAAS  

Trapview

Trapview automated pest monitoring system is utilizing proprietary IoT + AI to revolutionize crop protection decision making

  11 to 50   $14 Million   $4.4 Million  

Demeter Partners   Oltre Venture  

B2B   SAAS  

OQ Technology

OQ Technology provides ubiquitous global network coverage for the next unconnected 50 billion IoT devices and machines

  1 to 10   $22 Million   $1.5 Million  

B2B  

Woodsense

Woodsense invented the first Internet of Things (IoT) solution for monitoring wooden parts in real time.

Copenhagen   1 to 10   $390 Thousand   $400 Thousand  

B2B  

Galgus

Galgus provides an intelligent WiFi technology that optimises network performance and highly advanced geolocation analytics using WiFi

  51 to 100   $9.4 Million   $3 Million  

Mundi Ventures   Conexo Ventures  

B2B  

Nofence

Nofence is a system virtual fencing for grazing animals.

  11 to 50   $8.2 Million   $2.3 Million  

Norselab  

B2C  

Sensoworks

Ready-to-use PaaS for remote management and control of complex infrastructure systems and infrastructure monitoring.

Rome   1 to 10   $630 Thousand   $570 Thousand  

B2B   SAAS  

Caru

CARU is the first emergency communication system that combines latest sensor technology and elegant design.

Zürich   11 to 50   $2.7 Million   $3.2 Million  

B2B   B2C   SAAS  

ifesca

ifesca is an AI-Company that enables optimal decision making for energy companies and indutry.

Ilmenau   11 to 50   $16 Million   $1.2 Million  

B2B   SAAS  

smaXtec

smaXtec offers professional dairy farmers the most technologically advanced health system, enabling sustainable AND profitable dairy farming

Graz   51 to 100   $8.2 Million   $1.6 Million  

B2B  

Crocus Labs

Crocus Labs is developing smart LED technology for horticulture.

Berlin   1 to 10   $360 Thousand   $360 Thousand  

High-Tech Gründerfonds  

B2B  

Newboot

Data acquisition solutions to Cloud infrastructures & SaaS applications

Toulouse   1 to 10   $1 Million   $1 Million  

B2B   SAAS  

Simplicity

Simplicity specializes in providing a smart-city communication platform for municipalities and their resident.

San Francisco   11 to 50   $9.7 Million   $1.2 Million  

B2B   SAAS  

Hum Systems

Hum Systems offer all-in-one products that are designed with IoT.

Berlin   11 to 50   $2.4 Million   $2.4 Million  

B2B  

Vitesy

We’re Vitesy, producer of IoT devices that improve your daily life.

San Francisco   11 to 50   $7.5 Million   $1.2 Million  

CDP Venture Capital Sgr  

B2C  

ICsec

ICSEC is a cybersecurity software company focused on protecting industrial control networks.

Poznan   11 to 50   $10 Million   $1.3 Million  

EEC Ventures  

B2B   SAAS  

clim8

Clim8 is poised to stand at the forefront of intelligent thermal clothing.

Lyon   11 to 50   $8.9 Million   $840 Thousand  

Seventure Partners  

B2B  

BibeCoffee

BibeCoffee is an IoT real-time remote management and monitoring solution company.

Athens   11 to 50   $2 Million   $2.3 Million  

B2B  

Nomono

Podcasting Simplified

Trondheim   11 to 50   $14 Million   $1.1 Million  

Schibsted Growth   Investinor   Spintop Ventures   Skyfall Ventures  

B2B   B2C  

Sensoneo

Sensoneo is a provider of enterprise-grade smart waste management solutions for cities and businesses

Bratislava   11 to 50   $2.3 Million   $2.3 Million  

B2B  

Device Authority

Device Authority is a global leader in Identity and Access Management (IAM) for the Internet of Things (IoT) and Blockchain.

Reading   11 to 50   $2.9 Million   $2.9 Million  

B2B  

Go Dogo

Mental Workout for Dogs

Copenhagen   1 to 10   $0  

PreSeed Ventures  

B2C  

PICadvanced

PICadvanced is specialized in solving complex problems through optics, namely through optical chip design, development and packaging.

  1 to 10   $4.7 Million   $4.8 Million  

B2B  

Soilsense

SoilSense works to improve agricultural efficiency by offering the first easy-to-use, ai-powered soil moisture sensor system.

Copenhagen   1 to 10   $0  

CVX Ventures  

B2B  

Bikeep

Bikeep sytems for micromobility parking and charging

San Francisco   11 to 50   $4.5 Million   $1.4 Million  

B2B  

cthings.co

We develop and manufacture end-to-end 5G IoT solutions designed to uncover the hidden potential in processes and assets.

Warsaw   11 to 50   $2.8 Million   $780 Thousand  

SATUS Starter   Invento Capital  

B2B  

Barbara IoT

Barbara is the Cybsersecure Industrial Edge Platform

Bilbao   11 to 50   $3.5 Million   $490 Thousand  

Caixa Capital Risc  

B2B   SAAS  

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