About IoT Applications
There are 6.97K companies in the IoT Applications sector across the world, with 2.47K funded companies having collectively raised $28.7B in venture capital money and private equity. Overall 1.01K of these are Series A+ funded and the sector has seen the creation of 14 Unicorns.
IoT Applications sector has seen 475 acquisitions and 72 IPOs. This represents almost 7.9% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes companies offering industry-specific business solutions using IoT technology.
IoT Applications sector is also known as IoT Applications Solutions, Advanced IoT Applications or Digital IoT Applications.
Companies included in IoT Applications sector
IoT Applications include Industry Agnostic such as supply chain monitoring, asset tracking, etc. & Industry Specific solutions such as Manufacturing, Healthcare, etc.Companies excluded in IoT Applications sector
IoT Applications exclude ERP Software, IoT Service companies, information portals, associations, events, programs, and education/training platforms based on IoT.Market Map of IoT Applications
The market map of IoT Applications gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Top Companies in IoT Applications
There are more than 6.97K companies in IoT Applications. Samsara is the top IoT Applications company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top IoT Applications companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Platform offering AI-powered and cloud-based vehicle tracking solutions for fleet owners | San Francisco (United States) | 2015 | Public | $915M | |
Manufacturer of cloud-based smart security cameras for home applications | Provo (United States) | 1999 | Acquired | $172M | |
Provider of cloud-based smart locks for residential and commercial places | New York City (United States) | 2014 | Public | $153M | |
Developer of fleet management software and hardware for vehicle tracking | San Francisco (United States) | 2013 | Series G | $1.87B | |
Developer of remote cardiac monitoring solutions and related analysis software | Mountain View (United States) | 2010 | Series F | $114M |
Companies founded year-on-year in the IoT Applications sector
1 new startup has been founded so far in 2026 in the IoT Applications sector. 631 IoT Applications startups were founded in 2017 - 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 | 1 |
2025 | 13 |
2024 | 12 |
2023 | 62 |
2022 | 79 |
2021 | 149 |
2020 | 336 |
2019 | 574 |
2018 | 625 |
2017 | 631 |
Companies founded across countries in the IoT Applications sector
United States has 1,704 IoT Applications startups, the most by any country, followed by India which has 712 startups and United Kingdom which has 487.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 1,704 |
India | 712 |
United Kingdom | 487 |
China | 390 |
Germany | 323 |
Canada | 286 |
Australia | 241 |
France | 196 |
Italy | 177 |
Netherlands | 156 |
Stage-wise distribution of the IoT Applications sector
Out of the total 6,967 IoT Applications companies, 2,466 have secured funding. Among them, 1,007 have reached Series A or higher, and 734 to Series B or beyond.
Founded - 6,967
Funded - 2,466
Series A+ - 1,007
Series B+ - 734
Series C+ - 623
Company Stage | No. of companies |
|---|---|
Founded | 6,967 |
Funded | 2,466 |
Series A+ | 1,007 |
Series B+ | 734 |
Series C+ | 623 |
Want to know more about IoT Applications ? Signup and explore Tracxn for free
- 7K+ Total Companies
- $28.7B+ Total Funding
- 2.5K+ Funded Companies
- 70+ IPOs
- 470+ Acquisitions
- 5 Reports
Funding Trends in the IoT Applications sector
Total funding year-on-year in the IoT Applications sector
The IoT Applications sector saw a total funding of more than $20.7B in the last 10 years. The most amount of funding was in 2021 at more than $3.05B. There has been a total funding of $2.76B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $2.76B |
2025 | $1.57B |
2024 | $1.45B |
2023 | $1.23B |
2022 | $2.53B |
2021 | $3.05B |
2020 | $2.36B |
2019 | $2.11B |
2018 | $2.64B |
2017 | $981M |
Total funding across countries in the IoT Applications sector
In the last 10 years, IoT Applications startups in United States have recieved the highest funding among all countries - $12B. Canada follows with $1.81B and Germany with $1.2B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $12B |
Canada | $1.81B |
Germany | $1.2B |
United Kingdom | $680M |
Israel | $673M |
China | $543M |
India | $529M |
France | $243M |
Australia | $142M |
Spain | $59.5M |
Total funding amount raised by stage in the IoT Applications sector
Over the last 10 years, the IoT Applications sector have seen $792M into Seed Stage funding rounds, $6.66B into Early Stage funding rounds and $8.14B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $8.14B |
Early Stage | $6.66B |
Debt | $2.86B |
Seed Stage | $792M |
PE | $629M |
Post IPO | $541M |
Grant | $283M |
ICO | $29.1M |
Recent Funding Rounds in IoT Applications
In the year 2026, till September 2026, IoT Applications companies have raised $2.08B in equity funding across 66 rounds.
In the same period last year (i.e. till September 2025), IoT Applications companies had raised $1.01B across 92 rounds.
So, 2026 has seen a 106.43% rise in funding in IoT Applications companies as compared to 2025.
Here are some recent, important funding rounds in IoT Applications:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
PE | 4570 | Sep 23, 2026 | ||
Series A | 2114 | Sep 23, 2026 | ||
Series C | 3229 | Sep 16, 2026 | ||
Series A | 2575 | Sep 14, 2026 | ||
Series G | 8851 | Sep 10, 2026 |
Top Investors in IoT Applications
Europa is the top investor in IoT Applications companies based on number of companies invested.
Here are some top investors in IoT Applications:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oak Ridge (United States) | ||
Washington, DC (United States) | ||
Brussels (Belgium) | ||
Arlington (United States) |
M&A activity in IoT Applications
In the year 2026, till September 2026, 15 acquisitions happened in IoT Applications sector. Last year, in 2025, a total of 30 acquisitions happened in IoT Applications sector.
Here are some recent, important acquisitions in IoT Applications:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 08, 2026 | ||
Business Acquisition | Aug 06, 2026 | ||
Business Acquisition | Jul 06, 2026 | ||
Business Acquisition | Jun 30, 2026 | ||
Business Acquisition | Jun 30, 2026 |
Acquisition trends in IoT Applications
Here are the acquisition trends in IoT Applications:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 15 |
2025 | 30 |
2024 | 32 |
2023 | 34 |
2022 | 65 |
2021 | 53 |
2020 | 35 |
2019 | 48 |
2018 | 24 |
2017 | 34 |
IPOs in IoT Applications
In the year 2026, till July 2026, 1 IPO happened in IoT Applications sector.
Here are some recent, important IPOs in IoT Applications:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 29, 2026 | Tokyo Stock Exchange (TYO) | |
Sep 30, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Mar 11, 2025 | Shenzhen Stock Exchange (SZSE) | |
Jul 04, 2023 | Shenzhen Stock Exchange (SZSE) | |
Dec 29, 2022 | Tokyo Stock Exchange (TSE) |
Colleges which produce the most IoT Applications companies
Companies founded by alumni from top colleges in the IoT Applications sector
Most number of IoT Applications startups have been founded by alumni from Stanford University, Massachusetts Institute of Technology and Tel Aviv University.
College | No. of companies |
|---|---|
Stanford University | 51 |
Massachusetts Institute of Technology | 41 |
Tel Aviv University | 27 |
IIT Bombay | 25 |
IIT Kharagpur | 24 |
Harvard Business School | 19 |
Harvard University | 18 |
Imperial College London | 15 |
University of California (Berkeley) | 15 |
IIT Delhi | 14 |
Total funding in companies founded by alumni from top colleges in the the IoT Applications sector
In the last 10 years, Massachusetts Institute of Technology graduates' IoT Applications companies have raised the most funding among top colleges. Stanford University alumni are second, and London School of Economics and Political Science alumni are third.
College | Total Funding |
|---|---|
Massachusetts Institute of Technology | $2.53B |
Stanford University | $2.3B |
London School of Economics and Political Science | $1.88B |
University of California (Berkeley) | $1.53B |
University of Cambridge | $729M |
Harvard University | $591M |
Stanford Business School | $590M |
Technion Israel Institute Technology | $462M |
Harvard Business School | $459M |
MIT Sloan School of Management | $430M |
Top News in IoT Applications
•
Franklin Energy and New Mexico Gas Company Partner to Expand Access to Energy SavingsGlobeNewswire•Oct 01, 2026•Franklin Energy, New Mexico Gas
•
•
•
L&T Technology Services Partners with Cognite to Advance Industrial AI SolutionsWorld Business Outlook•Sep 25, 2026•Cognite, L&T Technology Services
•
•
Genting Casinos UK Extends WiFi Partnership with Purple AccessibilityGlobeNewswire•Sep 21, 2026•Purple, Genting Casinos
•
Purple Secures Place on UK Government's G-Cloud 15 Framework for Public Sector AccessGlobeNewswire•Aug 28, 2026•Purple, Gov
•
Velodyne MiniVee X Subwoofer Now Available with Transparent Acrylic EnclosureBasic Tutorials•Aug 25, 2026•Velodyne Lidar
•
ELAN Group, Marriott to develop JW Marriott hotel and residences in GurugramMoneycontrol•Aug 25, 2026•Marriott International, Budderfly
•
