The 10 Hottest IoT Startups Of 2025 (So Far)
These startups are seizing on opportunities ranging from connectivity to AI application development in the IoT market, which was estimated to be worth $369 billion last year and is expected to grow to $908 billion in 2034, according to Transforma Insights.
As demand for IoT applications continues to grow, several startups are blazing a path in the market with newer and simpler ways of connecting devices, designing AI applications, predicting issues in industrial equipment and using sensors to gain insight.
According to Reading, U.K.-based research firm Transforma Insights, the number of active IoT devices is expected to grow to 40.6 billion in 2034 from the 17.7 billion that were estimated at the end of 2024, amounting to a compound annual growth rate of 9 percent.
[Related: The 10 Hottest Semiconductor Startups Of 2025 (So Far)]
Cutting-edge IoT startups are seizing on a variety of opportunities in the IoT market, which was estimated to be worth $369 billion last year and is expected to grow to $908 billion in 2034, according to Transforma Insights, which published the data earlier this month.
What follows are CRN’s 10 hottest IoT startups of 2025 so far, which include up-and-coming connectivity players like 1NCE and Skylo, industrial vendors such as AssetWatch and August as well as other startups, including Butlr, 75, Tive and Viam.
1NCE
Top Executives: Ivo Rook and Alexander P. Sator, Co-CEOs
1NCE seeks to take the hassle out of IoT with a software platform that “enables customers to easily, securely and reliably collect device data and turn it into actionable intelligence.”
The Cologne, Germany-based startup in April announced that it raised a $60 million funding round, which brought its total funding to $160 million from several investors, including Deutsche Telekom, SoftBank Group and Kensington Capital Partners.
1NCE said it will use the funds to grow its presence in the U.S. as part of an ongoing global expansion that began in 2022 and also includes Asia-Pacific and Latin America.
75F
Top Executive: Deepinder Singh, Founder, CEO
75F is shaking up the commercial HVAC automation space with smart sensors and controls it says “are more affordable and easier to deploy than anything on the market today.”
The Bloomington, Minn.-based startup announced in February that it raised a $45 million Series B funding round that was led by Accurant International’s Net Zero Alliance, with participation from Next47, Carrier Global Corporation and others.
75F said it has more than 1,800 installations across nine countries, with plans to use the new funding to “scale operations” by “targeting multi-site portfolios, including offices and retail, school districts and municipalities, warehouses and manufacturing.”
AssetWatch
Top Executive: Brian Graham, CEO
AssetWatch said its AI-powered predictive maintenance offerings can help manufacturers detect issues in machines before they fail to cut down on downtime and maintenance costs.
The Columbus, Ohio-based startup announced in April that it raised a $75 million Series C funding round that was led by Viking Global Investors, with participation from other investors, including G2 Venture Partners, Wellington Management and others.
AssetWatch said its condition monitoring platform is “trusted by hundreds of top-performing industrial teams to keep their critical equipment running.”
Augury
Top Executive: Saar Yoskovitz, Co-Founder, CEO
Augury is helping manufacturers cut down on waste, emissions and production downtime on top of improving their process efficiency and maximizing yield with its AI-based machine health and process health solutions.
The New York-based startup announced in February that it raised a $75 million funding round led by Lightrock, with participation from several other investors, including Insight Partners, Eclipse, Qumra Capital and Qualcomm Ventures.
Augury said it had increased its revenue five-fold and tripled its Fortune 500 manufacturing customer base since the startup’s last funding round in 2021.
Blues
Top Executive: Ian Small, CEO
Blues is simplifying the act of securely connecting any physical product to the cloud with its integrated hardware, software and cloud technologies.
The Boston-based startup announced in May that it raised a $25 million funding round led by Sequoia Capital and “fueled by strong demand from large enterprise customers, many of whom are expanding their use of Blues as they scale their businesses.” It said the round will help the company grow sales efforts and invest in research and development for its products.
A little more than a month after announcing the funding round, Blues said that former Evernote CEO Ian Small joined the company as its new chief executive. Ray Ozzie, Blues founder and executive chair, said that the company had reached a “phase where our growth calls for a strong operational leader who can helps us unlock our full potential by scaling the business.”
Butlr
Top Executive: Honghao Deng, Co-Founder, CEO
Butlr is helping businesses make smarter decisions about their buildings with its privacy-protecting body heat sensing technology that can “understand subtle movements in a space.”
The Burlingame, Calif.-based startup announced in April that it had raised new funding from Ricoh, Wistron and Taiwan Global Angels to bring its total funding to $75 million.
The larger funding round was announced a couple months after Butlr said it had entered a business alliance agreement with Ricoh through its corporate venture capital fund that will allow the startup to use Ricoh’s sales channels for the global distribution of its products and to integrate its products and technologies into Ricoh services.
Myriota
Top Executive: Ben Cade, CEO
Myriota is making satellite IoT connectivity “accessible, affordable and scalable” with its low-cost, low-power and secure direct-to-orbit connectivity offerings.
The Adelaide, Australia-based startup announced last December that it raised around $50 million in Australian dollars to grow its workforce to “support surging global demand.” Half of the funding round came from Australia’s National Reconstruction Fund Corporation, with investors such as Main Sequence filling out the rest.
Since then, Myriota has unveiled multiple partnerships and coverage expansions. For instance, the company in February said a new partnership with Nordic Semiconductor will make its 5G-compliant Myriota HyperPulse network available on Nordic’s low-power cellular IoT offerings. The company said two months later that Spire Global had entered into an “expanded space services agreement” with Myriota to “build and operate 16 satellites with enhanced second-generation payloads for the IoT provider.”
Skylo
Top Executive: Parthsarathi Trivedi, Co-Founder, CEO
Skylo said it’s filling the IoT connectivity gap in remote areas with its satellite network service that allows devices to “seamlessly switch from cellular to satellite when coverage is lost.”
The Mountain View, Calif.-based startup in February announced that it raised an “oversubscribed” $30 million funding round led by NGP Capital, with participation from Intel Capital, BMW iVentures, Next47 and the Samsung Catalyst Fund.
Among the other announcements Skylo has made this year, the company said in March that German security technology company Giesecke+Devrient is using Skylo’s satellite network service to help provide global coverage of its IoT devices.
Tive
Top Executive: Krenar Komoni, Founder. CEO
Tive is helping companies reduce delays, theft, damage and spoilage in supply chains with its integrated cloud platform, sensor technology and live monitoring services.
The Boston-based startup announced in January that it raised a $40 million funding round led by World Innovation Lab and Sageview Capital, with participation from Qualcomm Ventures, Two Sigma Ventures and other investors.
In the months since then, Tive revealed an “intelligent, digital tamper detection device” designed to lock containers or trailer doors “while adding a layer of smart digital protection” and launched a “validated, real-time visibility tracker for biologics and pharmaceutical shipments.”
Viam
Top Executive: Eliot Horowitz, Founder, CEO
Viam is helping companies “unlock the power of AI, data and automation in the physical world” with a hardware-agnostic engineering software platform that can connect with any sensor.
The New York-based startup in March announced that it raised a $30 million Series C funding round led by Union Square Ventures, with participation from Battery Ventures, Neurone and other investors to continue growing the company.
Since then, Viam has unveiled multiple partnerships, including with Kongsberg Discovery to “translate complex sonar data into actional targets and use AI to automatically tune key settings” for commercial and recreational fishing purposes. The startup also partnered with Global Ocean Security Technologies to enable advanced facial recognition, object identification and GPS location tracking, among other things, in its Specter Ai security platform.