Internet of things News
The 10 Hottest IoT Startups Of 2023 (So Far)
These startups, ranging from Haltian and Litmus Automation to Morse Micro and Xage Security, are making big moves and creating IoT solutions for building management, manufacturing operations, lab equipment monitoring, long-range connectivity and security, among other things.
Good news for those building and selling IoT solutions: The act of connecting devices to monitor and analyze data from physical sources has gone from nice-to-have to must-have in the eyes of research firm IDC.
“The last few years have shown that connecting with a digital infrastructure is no longer a luxury, but a necessity,” said Carlos M. González, a research manager for IoT at IDC, said in a statement.
This is based on a new report from IDC earlier this month finding that worldwide IoT spending by organizations is estimated to grow 10.6 percent to $805.7 billion this year and surpass $1 trillion in 2026.
The report should be especially welcome news to IoT startups, who are taking big risks and building new technologies to challenge the way things have been done in the physical realm, whether it’s keeping up with maintenance needs in factories, making sure lab equipment doesn’t unexpectedly break or ensuring that spaces stay safe and secure.
What follows are CRN’s 10 hottest IoT startups of 2023 so far. These startups—which include Elemental Machines, Infogrid and SpoT AI, among others—are offering solutions for building management, lab equipment monitoring, manufacturing operations, device development, long-range connectivity and security.