8. New Enterprise Associates
NEA has invested in a variety of IoT-based startups, including low-power semiconductor manufacturers and machine-learning software providers. The company has invested in PSIKick, a semiconductor startup developing extreme ’ultra-low-power’ wireless sensors for the Internet of Things and wearables. NEA’s active portfolio also includes companies such as Tamr, which combines machine-learning software and data science expertise to drive savings for clients.
Most recently, in June, NEA made a $20 million Series A investment in Qadium, which builds servers monitoring the security of connected devices and aims to add every IoT device available to its platform.