Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, new startups are founded every day. To introduce you to 5 recently founded Internet of Things startups, we analyzed 2.800 startups in the field. All of them develop innovative solutions spanning from predictive maintenance to automatic fever screening.
The 5 promising Internet of Things startups you should watch in 2021 were hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. The 2.800 companies that were analyzed for this report are identified using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. When you are looking for up-to-date solutions for your innovation units, R&D, or product development department, the StartUs Insights Discovery Platform gives you the most exhaustive collection and ensures you continuously discover new startups, scaleups, and technologies.
Global Startup Heat Map: 5 Internet of Things Startups to Watch
The Global Startup Heat Map below highlights 5 startups developing technology-driven solutions for multiple industries. Moreover, you can explore global hotspots for Internet of Things startups and even download this graphic to include in your next presentation.
Symphony works on Predictive Maintenance
Efficient machinery utilization increases machine health and decreases downtime. As a result, companies have adopted predictive maintenance solutions. Instead of acting in response to underperformance symptoms, these solutions detect early signs of machine malfunctions thereby saving valuable time and money. Startups develop IoT sensor solutions that detect vibration, temperature, motion, and sound, among other measurements, for effective predictive maintenance.
Hong Kong-based startup Symphony uses vibration sensors and cloud-based data analytics to enable predictive maintenance. The startup’s magnetically attached plug and play (PnP) solution detects machinery faults, thereby decreasing downtime. The solution helps manufacturers and managers enhance machinery lifecycle management, boosting production and reducing capital cost.
EQUIPRISE develops Industrial IoT (IIoT) Solutions
To increase equipment efficiency and quality, reduce human errors, and improve machine maintenance, companies implement the industrial IoT. By enabling machine-to-machine communication (M2M), IIoT solutions reduce human involvement in machine operations, increasing the level of equipment automation. To this avail, startups apply data analytics and IoT ecosystems to enhance device connectivity in sectors such as manufacturing, healthcare, transportation, and energy.
Australian startup EQUIPRISE builds a connected equipment ecosystem for performance monitoring and machine control. The startup applies cloud computing, artificial intelligence, machine learning, and IoT solutions to define equipment performance metrics and design custom edge devices. These automation and IoT solutions optimize heavy machinery performance to reduce risks, maintenance costs, lifecycle management, and operational safety.
IoTized specializes in Narrowband IoT (NB-IoT)
The growing number of IoT devices requires connectivity solutions capable of supporting large numbers of connections over an increased coverage range. As a result, companies develop narrowband IoT technology to optimize network architecture and enable the use of IoT devices for industrial and utility solutions, among others. To facilitate the technology’s implementation, startups provide their expertise introducing companies to IoT connectivity solutions.
Estonian startup IoTized specializes in IoT connectivity solutions for digital transformation within industry 4.0. Through narrowband-IoT, applications such as wearables and smart parking, which rely on IoT and IIoT devices, benefit in terms of indoor data coverage, cost-efficiency, low-power consumption, and low connection latency.
Smart Soil transforms Smart Agriculture
The implementation of IoT technology in agriculture reduces the need for manual labor for such processes as field, soil, and water monitoring. To help farmers further improve productivity and increase yields, startups develop smart sensor solutions. These solutions collect real-time data, thereby improving farmers’ decision-making and decreasing excessive use of resources such as water and energy.
Turkish startup Smart Soil develops IoT sensors that monitor weather, soil, and temperature conditions for agricultural applications. By monitoring leaf wetness and plant growth, the startup’s solutions control plant health and susceptibility to disease. As a result, Smart Soil ensures better land utilization and crop yield.
SentiSpec enables Automatic Fever Screening
The IoT-enabled connectivity establishes quality healthcare in remote areas. Moreover, IoT devices allow medical professionals to improve the health outcomes and wellness of the population by preventing the spread of infectious diseases. To do that, startups develop smart sensor solutions that identify potential infection carriers through temperature measurements, thereby decreasing the risk of contagion in public places.
Danish startup SentiSpec leverages temperature sensors, smart cameras, and AI for effective fever screening. Through temperature measuring, the smart camera identifies potential infection carriers in public spaces. The startup’s device uses sensors to detect variations in skin temperatures and applies AI to estimate core body temperature. Through heat identification and timely alerts, the device helps control infections spread in such places as libraries, schools, train stations, and nursing homes, among others.
How will the IoT impact your company?
To stay ahead of the technology curve, it is important that you know which technologies and industry trends will impact your company. Explore our free Industry Innovation Reports or let us do the work for you. To keep you up-to-date on the latest technology and emerging solutions, we provide you with actionable innovation intelligence – quickly and exhaustively.