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The 10 Hottest IoT Startups Of 2021

Dylan Martin

These IoT startups are delivering new offerings for security, sensors and device management, among other critical areas for IT. They are also addressing a variety of industries, from construction and smart buildings to rail freight and process manufacturing.

Armis

Top Executive: Yevgeny Dibrov, CEO

Armis is building a war chest to expand its asset security business, which includes the startup’s agentless device security platform for securing a variety of IoT devices and operational technology systems. The Palo Alto, Calif.-based startup recently announced that it has raised a $300 million funding round led by One Equity Partners at a $3.4 billion valuation. The funding by One Equity Partners will give the IoT security startup access to the private equity firm’s portfolio of companies, including semiconductor company Allegro MicroSystems. The new funding comes after the startup raised $125 million from investors, including the investment arm of Brookfield Asset Management, earlier this year. The company has made key hires this year to grow its expertise in health care, operational technology and industrial control systems, and it has added Crowdstrike President Michael Carpenter to its board.

 
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