IoT is growing at a tremendous rate, and it seems that every device is connected these days, but which are the startups to look out for?
The company Litbit is headquarted in San Jose, CA, and was founded by Jean Paul Balajadia, and Scott Noteboom in 2013, a previous Yahoo data centre manager. In 2016 the company received a huge $7 million in funding from investors including lluminate Ventures, Correlation Ventures, and Storm Ventures.
Litbit is the developer behind the Rhythm OS, which is designed to greatly enhance the running of IoT systems and processes. The OS allows the sharing of insights and integrations in enterprise workplaces, using a secure data pipeline, either on premise, in the cloud, or mobile.
The startup team came together from an array of distinguished backgrounds including Apple, Yahoo, Microsoft, Cisco, and Intel to create a system that is capable of removing barriers between IoT systems to ensure they are truly connected and unsiloed.
5. EVRYTHNG IoT
EVRYTHNG IoT was founded in 2011 by Dominique Guinard, Andy Hobsbawm, Vlad Trifa, and Niall Murphy, and is based in New York. The company say in their mission statement that they are committed to the belief that eventually everything will be connected, and they want to be at the forefront of that. In March of this year, the company managed to secure over $24 million in funding led by Sway Ventures, and Generation Ventures. Previous investors include Cisco Investments, Samsung, and BHLP.
EVRYTHNG IoT offers a platform for smart products that is capable of connecting numerous IoT devices to a single network. Currently the company offers solutions specific to many different industries including food and beverages, health and wellness, consumer electronics, and even insurance, with plans to expand to more, no doubt.
EVRYTHNG IoT allows users to monitor connected devices, foster consumer engagement, and protect their brand. The mission statement of the company was to bring every aspect of life together and make it digitally manageable, and they are well on the way to achieving that goal.
6. Device Authority
Device Authority was founded in 2013, by Jon Penney and Talbot Harty and is headquartered in Bracknell Forest. In April of last year the company merged with Cryptosoft and kept the Device Authority name. Regarding funding, the company has raised £2.5 million since the merger in a funding round which was led by Tern PLC, and Alsop Louie Partners.
Device Authority is a new way to ensure that your IoT devices are secure. Currently IoT security is a very big talking point, major hacks of unsecure devices in the last twelve months have led many to re-evaluate their stance on just how efficient the IoT can be if it’s so vulnerable. Thankfully companies like Device Authority have introduced new methods to ensure these devices remain uncompromised.
The Device Authority Key Scaler works by establishing which devices can and cannot be trusted on the network. Customers are able to securely register and update their devices through unique policy-based security controls in a way that has been designed to be safe from the ground up.
Notion is based in Denver Colarado, and was founded in 2013 by Ryan Margoles and Brett Jurgens. The company was established to bring new digital security methods into the physical home in order to properly protect them. In 2016, the company secured $3.2 million in funding from investors, as well as $280,000 through Kickstarter, well beyond its $50,000 goal on the crowdfunding site.
Notion offer a motion based sensor that allows users to monitor their entire home from their smartphones, no matter where they go. The unique sensor is capable of distinguishing when a door is open, be it a front door, or cabinet door, sending temperature alerts if the house is too hot or cold, and even notifying home owners if there is a water leak.
Notion is changing the way we think of smart homes with its easy installation, and simple use. To install the device users simply after place the sensor in their home and undertake a few short tests. Notion have already changed the game of smart home monitoring, so it’s most definitely worth keeping an eye out to see what they accomplish next.