About IoT Applications sector in Singapore
The IoT Applications sector in Singapore comprises 101 companies, including 31 funded companies having collectively raised $146M in venture capital money and private equity. Out of these, 12 are Series A+ funded.
IoT Applications sector in Singapore has seen 3 acquisitions and 1 IPO.
This sector includes companies offering industry-specific business solutions using IoT technology.
IoT Applications include Industry Agnostic such as supply chain monitoring, asset tracking, etc. & Industry Specific solutions such as Manufacturing, Healthcare, etc. IoT Applications exclude ERP Software, IoT Service companies, information portals, associations, events, programs, and education/training platforms based on IoT.
Top IoT Applications Companies in Singapore
There are 101 IoT Applications startups in Singapore which include igloohome, SixSense, Rider Dome, UMITRON, Anacle Systems. Out of these, 31 startups are funded, with 12 having secured Series A+ funding.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Nanyang Technological University (NTU), National University of Singapore (NUS) and Wharton School.
Here is the list of top IoT Applications startups in Singapore
1. igloohome
Developer of keyless smart locks for both consumer and commercial applications. Its first offering is called Smart Keybox that can be unlocked with a PIN with Bluetooth. It also allows setting the starting day, time, and duration for which the code or key will work and unlocking the shackle with supplied physical keys.
Key facts about igloohome
- Founded Year: 2015
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $32M
- Investors: Insignia Ventures Partners, Wavemaker Partners and 46 Others
- Latest Funding Round: Series B, May 2024, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 3 of 622 Competitors
2. SixSense
Developer of AI platform automating defect inspection for semiconductor manufacturing. The platform provides solutions for automating visual inspection, lot disposition, and root cause analysis. It offers tools for training, deployment, and model maintenance. The platform classifies defects, highlights high-risk wafers, and flags parameters drifting out of specification.
Key facts about SixSense
- Founded Year: 2018
- Location: Singapore (Singapore)
- Stage: Series A
- Total Funding till date: $12M
- Investors: Surge, Entrepreneur First and 13 Others
- Latest Funding Round: Series A, Jul 31, 2025, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 2 of 285 Competitors
3. Rider Dome
Rider Dome is an AI and cloud-enabled platform offering collision avoidance solutions for motorcycles. The company offers hardware and software-enabled solutions. It offers solutions for individual and fleet operators' claims to prevent motorcycles from collisions. The system gathers driving data from cameras and sensors at the front and rear of the vehicles. It uses AI, cloud, and sensor fusion algorithms to analyze and prevent vehicles from accidents.
Key facts about Rider Dome
- Founded Year: 2021
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $3.8M
- Investors: Goldbell, Motherson Group and 2 Others
- Latest Funding Round: Seed, Oct 29, 2025, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 1 of 8 Competitors
4. UMITRON
Developer of aquaculture data platforms utilizing IoT, AI, and remote sensing. The platforms aim to improve the safety and economics of aquaculture operations. The platforms also positively impact environmental sustainability and final food quality.
Key facts about UMITRON
- Founded Year: 2016
- Location: Singapore (Singapore)
- Stage: Series A
- Total Funding till date: $20.4M
- Investors: Mirai Creation Fund, INCJ and 12 Others
- Latest Funding Round: Series A, Jun 07, 2022, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 3 of 140 Competitors
Anacle Systems provides asset and energy management software. It offers Simplicity®, a series of business software solutions that is used in enterprise asset management, commercial tenancy management, shared resources management, supply chain management, customer relationship management and financial management. It also offers Starlight® energy management system a software which provides an overview of your energy consumption, power quality and carbon footprint profiles by making use of multiple Starlight® Meters and Communicators.
Key facts about Anacle Systems
- Founded Year: 2006
- Location: Singapore (Singapore)
- Stage: Acquired
- Total Funding till date: $4.32M
- Investors: IGlobe Partners, Majuven and 5 Others
- Latest Funding Round: Series A, Dec 2013, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 151 of 8,834 Competitors
Companies founded year-on-year in the IoT Applications sector in Singapore
15 IoT Applications startups in Singapore were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 2 |
2022 | 1 |
2021 | 3 |
2020 | 6 |
2019 | 7 |
2018 | 15 |
2017 | 13 |
Stage-wise distribution of IoT Applications sector companies in Singapore
Out of the total 101 IoT Applications companies in Singapore, 31 have secured funding. Among them, 12 have reached Series A or higher, and 6 to Series B or beyond.
Founded - 101
Funded - 31
Series A+ - 12
Series B+ - 6
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 101 |
Funded | 31 |
Series A+ | 12 |
Series B+ | 6 |
Series C+ | 4 |
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Funding Trends in the IoT Applications sector in Singapore
Total funding year-on-year in the IoT Applications sector in Singapore
The IoT Applications sector in Singapore saw a total funding of more than $140M in the last 10 years. The most amount of funding was in 2018 at more than $46.8M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $9M |
2024 | $2.3M |
2023 | $1.34M |
2022 | $38.9M |
2021 | $11.5M |
2020 | $11.4M |
2019 | $18.6M |
2018 | $46.8M |
2017 | - |
Recent Funding Rounds in IoT Applications in Singapore
In the year 2025, till October 2025, IoT Applications companies in Singapore have raised $9M in equity funding across 4 rounds.
In the same period last year (i.e. till May 2024), IoT Applications companies in Singapore had raised $2.3M across 2 rounds.
So, 2025 has seen a 291.3% rise in funding in IoT Applications companies in Singapore as compared to 2024.
Here are some recent, important funding rounds in IoT Applications companies in Singapore:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7639 | Oct 29, 2025 | ||
Seed | 3539 | Aug 28, 2025 | ||
Series A | 3705 | Jul 31, 2025 | ||
Seed | 5030 | Feb 04, 2025 | ||
Series B | 4575 | May 2024 |
Top Investors in IoT Applications in Singapore
Plug and Play Tech Center is the top investor in IoT Applications companies in Singapore based on number of companies invested.
Here are some top investors in IoT Applications companies in Singapore:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Zurich (Switzerland) | - | |
Los Angeles (United States) | ||
San Francisco (United States) | - | |
San Jose (United States) | - |
M&A activity in IoT Applications sector in Singapore
In the year 2025, till June 2025, 1 acquisition happened in IoT Applications sector in Singapore.
Here are some recent, important acquisitions in IoT Applications sector in Singapore:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 10, 2025 | ||
Business Acquisition | Jul 25, 2023 | ||
Business Acquisition | Jan 17, 2022 |
Acquisition trends in IoT Applications sector in Singapore
Here are the acquisition trends in IoT Applications sector in Singapore:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | 1 |
2022 | 1 |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in IoT Applications in Singapore
In the year 2011, till October 2011, 1 IPO happened in IoT Applications sector in Singapore.
Here are some recent, important IPOs in IoT Applications sector in Singapore:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 27, 2011 | Hong Kong Exchanges (HKG) |
Colleges which produce the most IoT Applications companies in Singapore
Companies founded by alumni from top colleges in the IoT Applications in Singapore
Most number of IoT Applications startups in Singapore have been founded by alumni from Nanyang Technological University (NTU), National University of Singapore (NUS) and Wharton School.
College | No. of companies |
|---|---|
Nanyang Technological University (NTU) | 9 |
National University of Singapore (NUS) | 8 |
Wharton School | 3 |
Harvard Business School | 2 |
IIT Madras | 2 |
Stanford University | 2 |
University of Pennsylvania | 2 |
Anna University | 1 |
Cornell University | 1 |
IIM Calcutta | 1 |
Total funding in IoT Applications companies founded by alumni from top colleges in Singapore
In the last 10 years, National University of Singapore (NUS) graduates' IoT Applications companies in Singapore have raised the most funding among top colleges. Stanford University alumni are second, and University of Cambridge alumni are third.
College | Total Funding |
|---|---|
National University of Singapore (NUS) | $53.9M |
Stanford University | $36.6M |
University of Cambridge | $29.1M |
Tokyo Institute of Technology | $22.4M |
Nanyang Technological University (NTU) | $19.7M |
IIT Kharagpur | $17.7M |
University of Haifa | $3.8M |
Cornell University | $2.06M |
Anna University | $858K |
Harvard Business School | $10K |
Top News in IoT Applications in Singapore
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Igloo Unveils Smart Access Solutions for Multifamily Rental PropertiesPR Newswire•Mar 17, 2025•igloohome
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igloo Smart Access Technology Powers OYO's Growth Through Access Control InnovationPR Newswire•Jan 16, 2025•igloohome, OYO
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Habitap, JLL announce strategic partnership to create super-app for tenantsMarkettech Apac•Aug 22, 2023•Habitap, JLL, JLL
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Billion-dollar market in cleaning tech? This startup is betting on it and seeking $15mTech in Asia•Mar 10, 2022•SmartClean
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Kura Sushi installs automated feeders at contracted fish farmsSeafoodSource•Jan 21, 2022•Kura Sushi, UMITRON
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Phunware Announces Partnership with PrimusTech to Integrate Mobile Smart Solutions in AsiaGlobeNewswire•Dec 23, 2021•Phunware, PrimusTech
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