My latest story for Network World — 10 Hot AI-Powered IoT Startups to Watch — is out. I selected the 10 startups in the roundup based on a combination of funding, the experience of their leadership team, market opportunity, value proposition, product-market fit, and named customers. (You can read more about my selection methodology here.)
The AI-powered IIoT space is hot. It already has a couple of its own unicorn startups, such as Uptake with $258 million in funding and a $2.3 billion valuation and C3 IoT with $243 million in VC funding and $1.4-plus billion valuation (the C3 IoT valuation was not publicly updated with its latest $100M round of funding, so its valuation is outdated and conservative)
At the same time, incumbents such as AWS, Dell, and Cisco are pouring billions into IoT and edge computing. HPE recently invested $4 billion on its “intelligent edge,” while Microsoft pumped $6.5 billion into its IoT efforts.
The competition in this sector is brutal, but the opportunity is big enough that the 10 startups highlighted here still have room to maneuver and time to scale up. Keep an eye on them because one or more could well be the next unicorn in this hot market. . .
Check out in-depth profiles of the 10 Hot Startups over at Network World: 10 Hot AI-Powered IoT Startups to Watch.
