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Top 25 IoT Startups to Watch In 2019
26,792 startups are relying on IoT as one of their main technologies to launch new products and services and support platform-based business models according to Crunchbase. 78.4% of IoT startups Crunchbase tracks have had two funding rounds or less with seed, angel and early-stage rounds being the most common. IoT startup funding reached $16.7B in Q4, 2018, with last years’ funding levels 94% over 2017 according to Venture Scanner. By 2020, 50% of IoT spending will be driven by discrete manufacturing, transportation and logistics, and utilities according to the Boston Consulting Group.
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