IoT in the current if used properly, can have a lot of operations. Their ability to operate devices without physical contact over long-range, allowing remote access makes them really mighty compared to other alternatives. However, major tech companies sticking to their traditional methods has slowed down innovation in the IoT industries.
credits:iot.electronicsforu.com
But as the saying goes, " If you don't do it, somebody else will"
That’s where these startup ideas come into play. Their ability to explore the full potential of IoT and utilizing it where it matters is what makes them different from the traditional IoT companies. Well today, we will be discussing the 8- most innovative IoT startups of 2020.
Augury, founded by Saar Yoskovitz in 2011, is an IoT startup that helps other organizations monitor the health and performance of their machines. Their devices combine multifaceted wireless sensors and artificial intelligence algorithms which helps in monitoring the data much easier. Based in New York and Israel, this startup started with an initial investment of 7 million dollars in 2015.
credits:businesswire.com
Augury today offers wireless Halo sensors that can monitor vibration, temperature, and magnetic data from machines, which after being recorded are sent to the startup's secure cloud. This data is then fed to AI algorithms for predictive maintenance and asset performance management.
InfluxData is one of the most popular startups that offers an open-source platform analyzing events and metrics for IoT applications. It has made monitoring and analysis easier with the help of these applications for developers increasing business value. Many high-end technical enterprises have collaborated with InfluxData. Not only that,
credits:businesswire.com
InfluxData has raised a funding of $59.9M over four rounds. The annual revenue of this startup is $11.5M.
CENTRI is an IoT-based startup, that eliminates the risk of data theft and delivers device integrity by integrating a wide spectrum of standards-based technologies to accelerate customers' time-to-market.
Their approach to fine-tuning and continuously updating their software is what made them outstanding. They're equally adapted at layered security for endpoints and edge data for gateways. Customer case studies highlight CENTRI's ability to secure data on endpoint devices, secure transmissions within communication channels, and secure delivery inside an application server.
credits:cryptoninjas.net
An IoT developer's platform for building networks and transferring IoT device data, Helium is one of the ideas to look upon. Built on a peer-to-peer wireless network that simplifies internet connectivity for IoT sensors and devices, this differentiates Helium in its ability to provide wireless coverage for low-power IoT devices.
Offering cryptocurrency in exchange for buying and using the device, Helium helps to create "LongFi" wireless networks having a 200X range of wifi at 1/1,000th of the cost of a cellular modem. These along with their offering price of $945 is one of the ways of motivating customers to buy their devices.
Key investors of Helium include Mark Benioff, SV Angel, Helium, Helium, and GV (formerly Google Ventures).
credits:businesswire.com
Headquartered in silicon valley, IoTium is the first secure network infrastructure company for the Industrial Internet of Things. Securing a connection between cloud-based applications, Network as a Service (NaaS), and legacy online systems for IIoT. This the company had raised US$22 million of funds to stimulate their digital transformation through its remote access management infrastructure.
credits:iotium.io
IoTium’s patented technology helps to make building and industrial automation, oil & gas manufacturing, transportation and industries to reach the phase of Industry 4.0.
Inspirit IoT is an Intel IoT Solutions Alliance Partner that gives businesses the ability to design their machine learning application using languages and tools that are familiar with data scientists.
Inspirit IoT delivers low-latency, high-throughput vision analytics leveraging standard from Intel®FPGA hardware for better acceleration with the help of customized Intel®OpenVINO AI deployment. The company’s mission to provide hardware accelerator solutions coupled with advanced high-level synthesis and machine learning optimization toolkit to enable smart IoT applications.
credits:aithority.com
A startup that recognizes that supply chain security is the #1 problem in cybersecurity. Finite State stands to safeguard devices that power modern lives and threats within their complex software supply chains. By assessing firmware deep inside IoT devices and provides an insight into vulnerabilities on customers' network that are overlooked by traditional security measures.
credits:prnewswire.com
Being on the newer side, Slake IoT is one with some really big ambitions. With a mission of making IoT accessible and affordable, Slake IoT stands to provide mid-way IoT solutions to suit both the rich and poor.
From making an affordable Home automation system to a Smart sanitizer dispenser, attendance marking system, Slake IoT addresses local problems and innovatively deals with them. Along with their main ideas, Slake IoT also focuses on situational problems and provides solutions that can be implemented on large scale.
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