Internet of things News
The 10 Coolest Industrial IoT Startups Of 2020
CRN looks at industrial IoT startups that made big moves this year, between new funding rounds, product launches, partnerships and executive hires.
CEO: David King
FogHorn Systems provides an edge intelligence platform that aims to streamline artificial intelligence and machine learning workloads in edge devices.
The Sunnyvale, Calif.-based startup announced in February that it had more than 100 industrial IoT use cases with dozens of customers and grew annual license bookings from last year nearly tenfold as it started signing multimillion-dollar, multiyear enterprise licenses with large industrial companies.
That momentum helped FogHorn raise a $25 million Series C round earlier this year that was led by South Korean industrial conglomerate LS Corp., with participation by return investors including Dell Technologies Capital, Intel Capital, Honeywell Ventures and GE Ventures.