Thousands of new startups are founded every year, despite considerable disruptions and challenges to the global economy. To introduce you to emerging technologies and startups in the industrial Internet of Things (IIoT) sector, we analyzed a total of 858 industrial IoT startups & scaleups.
Global Startup Heat Map reveals 5 IIoT Startups You Should Watch in 2021
Out of 858, the 5 industrial IoT startups to watch this year are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally. The platform gives you the most exhaustive collection of solutions and ensures you continuously discover new startups, scaleups, and technologies. This enables you to easily scout for IIoT technologies and startups that matter to you and drive innovation in your industry forward.
The Global Startup Heat Map below highlights the 5 industrial IoT startups you should watch in 2021 as well as the geo-distribution of the other 853 startups & scaleups we analyzed for this research. The 5 highlighted industrial IoT startups are hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, relevance of technology, and funding, among others.
emocean enables Smart Factories
Factories use sensors to monitor the real-time status of equipment. However, most solutions transmit data only vertically from machines to a centralized system. Smart factory solutions, on the other hand, enable horizontal data sharing as well. This allows machines to work in tandem to further optimize production.
German startup emocean develops the smart factory solution Indigo. The solution enables AI-driven preemptive control to optimize processes and maximize production yield. This allows both vertical and horizontal real-time communication across all machines in a factory. The solution also features edge intelligence to analyze production data in real-time using local machine learning instances.
Resonating Mindz provides Predictive Maintenance
Heavy machinery, particularly with moving parts, is generally susceptible to failure due to friction, thermal stress, and vibrations. Downtimes due to equipment failure lead to a loss of profits. Predictive maintenance (PdM) solutions utilize sensors and the IoT to remotely monitor equipment health in real-time. This allows operators to take proactive interventions, thereby minimizing downtime and extending the lifespan of the machines.
Indian startup Resonating Mindz provides predictive maintenance for motors and rotating equipment. The startup’s solutions detect faults in industrial equipment and predict the remaining useful life (RUL) of components. The startup’s Industrial Motor Monitoring solution is installable on any motor. It minimizes downtime, thus extending the lifetime of motors. Additionally, the startup’s Shopfloor Machine Monitoring solution performs similar condition monitoring for the entire factory floor.
Seashore Networks builds Industrial IoT Networks
Since IoT solutions feature inter-connected devices, they necessitate the development of dedicated networking solutions. Moreover, deployment scenarios vary greatly depending on physical conditions in the industry. For instance, a remotely operated energy asset requires different communication protocols when compared to monitor equipment in a factory. That is why startups are developing IIoT networks that are easy to deploy and customizable for different use cases.
Seashore Networks is a Singaporean startup building industrial IoT networks. The startup enables enterprises to rapidly deploy Industry 4.0 technologies and connect all equipment to each other. The startup’s networks are built on top of fifth-generation (5G) wireless and find applications in the construction, manufacturing, shipping ports, logistics, and oil & gas (O&G) sectors. These networks increase the reliability and throughput of industrial processes while reducing capital expenditures (CapEx) and operating expenses (OpEx).
Fortifyedge facilitates Cyber-Physical Security
As millions of IoT devices connect to the internet, cybersecurity becomes critical for widely deployed systems. Moreover, IIoT solutions also monitor the security of physical assets. Despite this, the response time to threats is often too slow to deal with them effectively when threats are computed on a centralized platform. To tackle this challenge, edge computing solutions provide on-site analysis of threats, leading to improved security and response time.
US-based startup Fortifyedge provides edge-based cybersecurity for cyber-physical devices. Thanks to edge computing, the startup’s IoT platform deploys tiny machine learning to detect anomalies at the site of the assets. This allows personnel to identify and respond to incidents faster, thus improving situational awareness. The solution is agnostic to backhaul technologies and uses cost-effective and ultra-low power long-range wide-area network (LoRaWAN) sensors.
Soltell offers IIoT-powered Automation
By interconnecting robots, the IIoT enables robots to work in sync with each other. This advances automation by automating distributed systems and improving efficiency. Startups are working on IIoT-enabled automation solutions that increase productivity while lowering operating costs. Moreover, these solutions also enable prescriptive maintenance and improve safety.
Israeli startup Soltell offers IIoT-powered automation for the cost-efficient operation of rooftop solar projects. The startup’s platform uses process automation, proprietary sensorless weather measurement technology, and predictive maintenance. It enables distributed solar fleet management without the need for extra hardware or modifications. The platform meets the needs of solar service companies, commercial solar owners, and regional energy utilities.
Discover all 858 Industrial IoT Startups
The 858 industrial IoT startups are only a small sample of what we identified during our research. Explore our free Industry 4.0 Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies and emerging solutions that will soon impact your company.