When was iot squared founded?

iot squared was founded in 2022.

Where is iot squared located?

iot squared is headquartered in Riyadh, Saudi Arabia.

How many employees does iot squared have?

As of May 31, 2026, the latest employee count at iot squared is 271.

Is iot squared a funded company?

iot squared is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does iot squared rank among its competitors?

iot squared ranks 222nd amongst 458 active competitors, of which 40 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Elemental Machines, which secured $5.7M in Apr, 2026.

Who are the top competitors of iot squared?

iot squared's top competitors include Kontakt, UnaBiz and Elemental Machines. Among them, Elemental Machines secured the most recent funding round in April, 2026.

iot squared - 2026 Company Profile, Funding & Competitors

iot squared is a funded company based in Riyadh (Saudi Arabia), founded in 2022. It operates as a Diversified IoT solutions. The company has 458 active competitors, including 40 funded and 27 that have exited. Its top competitors include companies like Kontakt, UnaBiz and Elemental Machines.

Company Details

Diversified IoT solutions. It offers IoT hardware and software for smart cities, logistics, idustrial monitorin, fleet monitoring, and security applications.

Website: iotsquared.com.sa
Social

Key Metrics

Founded Year

2022

Location

Riyadh, Saudi Arabia

Stage

Funding Raised

Investors

Public Investment Fund

Ranked

222^nd among 458 active competitors

Employee Count

271 as on May 31, 2026

Investment & Acquisitions

Machinestalk

Similar Companies

Kontakt & 521 more

View iot squared's full profile

iot squared is a funded company. iot squared has 1 institutional investor.

View details of iot squared's funding rounds and investors

iot squared's employee count trend

iot squared has 271 employees as of May 26. Here is iot squared's employee count trend over the years:

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Top competitors of iot squared include Kontakt, UnaBiz and Elemental Machines. Here is the list of Top 10 competitors of iot squared, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Kontakt 2013, Krakow (Poland), Series C	Provider of real-time location services platform for healthcare operational predictability	$55.8M	Credo Ventures, Goldman Sachs Asset Management ... & 3 others	68/100
2nd	UnaBiz 2016, Singapore (Singapore), Series B	Provider of IoT solutions for utilities, asset, and facilities management	$85M	Mirai Creation Fund, KDDI & 38 others	66/100
3rd	Elemental Machines 2015, Cambridge (United States), Series B	Provider of data driven drug discovery and development platform for various industries	$52.3M	Omega Venture Partners, Founders Fund & 22 others	64/100
4th	Brickeye 2013, Toronto (Canada), Acquired	Provider of construction risk mitigation platform integrating IoT and data analytics	$20M	GreenSky, Beauchampco & 7 others	62/100
5th	Wind River 1981, Alameda (United States), Acquired	Provider of software for mission-critical intelligent systems across various industries	-	Zygote Ventures, HWVP & 2 others	62/100
6th	Balena 2013, London (United Kingdom), Series C	Developer of an ecosystem to create, deploy, and manage fleets of connected devices	$101M	DFJ, OpenView & 39 others	58/100
7th	Lantronix 1989, Irvine (United States), Public	Provider of edge computing, out-of-band management, and industrial IoT solutions	-	Herald Investment Management, 180 Degree Capital ... & 1 others	57/100
8th	YITU 2012, Xuhui (China), Series C	Provider of AI based decision intelligence platform for multiple sectors	$385M	Gaorong Capital, Hillhouse & 20 others	56/100
9th	Quantela 2015, Billerica (United States), Series B	Provider of AI and cloud-based platforms for urban infrastructure digitization	$50M	Digital Alpha Advisors, Energy Impact Partners ... & 3 others	56/100
10th	ST Engineering 1967, Singapore (Singapore), Public	Provider of aerospace, smart city, defence, and digital technology solutions	-	Japan Airlines, Temasek	55/100
222nd	iot squared 2022, Riyadh (Saudi Arabia), Funding Raised	Diversified IoT solutions	-	Public Investment Fund	24/100