Investments in IoT companies are steadily increasing as the landscape continues to expand.
Although as an industry, the Internet of Things is only approaching adolescence, venture investments are gaining momentum. According to the Pitchbook Platform, VCs are “still bullish on the growth potential for IoT.” The numbers speak clearly about the perceived growth in the IoT with 488 VCs having participated in at least one of 300 IoT fundings completed worldwide, with capital invested coming in under $2 billion since the start of 2015. The IoT market is absolutely gaining traction within the investment community.
The IoT landscape is vast, as the image below showcases. Among these areas, according to Venture Scanner, the top IoT segments, in terms of VC investments, are enterprise, automobiles and utilities.
(Click image enlarge)
The top VCs making IoT investments include the following:
- New Enterprise Associates
- GE Ventures
- Cisco Investments
- Intel Capital
- Lux Capital
- Crosslink Capital
- Kleiner Perkins Caufield & Byers
- Bessemer Venture Partners