10 Top IoT Startups to Watch in 2023

Every year, new startups pull to the forefront of their industry through exciting innovation, tech, and industry-disrupting business models. We’ve rounded up the top IoT startups of 2023 that startup-lovers, investors, and aspiring entrepreneurs should follow.

Disclaimer: With so many exciting startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.

• Location: Nashua, New Hampshire
• Funding: Series A, $9 Million

Datanomix is a manufacturing analytics platform that provides valuable insights from data collected during the manufacturing process to streamline operations and improve businesses overall. By offering actionable data to customers, business owners are better able to create sellable products, reduce spending, and predict required maintenance.

• Location: Berlin, Germany
• Funding: Series B, $79.9 Million

EMnify is a CPaaS (cloud platform as a service) startup that helps IoT businesses to expand their businesses globally. Unlike most CPaaS companies, EMnify is focused solely on IoT companies.

• Location: Haryana, India
• Funding: Series B, $50.9 Million

Zypp is an electric scooter sharing and rental platform that uses an app to help commuters find rentable scooters in their area. Not only does this concept contribute to a greener environment, but it also helps solve mobility problems in crowded cities.

Discover more top startups in India.

• Location: Singapore
• Funding: Series A, $12 Million

Smarten Spaces is a building management system that leverages the power of both AI and IoT to create sustainable, streamlined spaces. Through their platform, users can enhance the energy performance of their buildings and reduce costs while improving productivity.

• Location: Detroit, Michigan
• Funding: Series A, $7.8 Million

AaDya Security is a cybersecurity company that aims to provide small to midsize businesses with hardworking, effective cybersecurity that works with their budget to provide top-notch security capabilities without the high price tag.

Feeling inspired? Learn how to launch your company with our guide on how to start a startup.

• Location: Singapore
• Funding: Seed, $1.5 Million

Seekify connects a variety of business software to help companies make more informed, strategic decisions. Recently, the startup has also expanded to leverage its platform in order to help businesses find job-ready employees and help young professionals launch their careers.

• Location: Milan, Italy
• Funding: Series B, $20.7 Million

xFarm is an agricultural IoT startup that aims to digitize farming across the world and help agriculture businesses keep up with increasing legal requirements and certifications. Additionally, farmers and stakeholders can utilize analytics provided by the platform to make effective and educated decisions about crops, certifications, and more.

• Location: Seattle, Washington
• Funding: Series C, $115.2 Million

Seeq provides fast, easily derived business insights from industrial data and analytics. By transforming data gathered from the industrial process, businesses can make educated decisions, increase revenue, and build better products.

Discover more top startups in Seattle.

• Location: San Francisco, California
• Funding: Secondary Market, $930 Million

Samsara is one of the first Connected Operations Cloud companies, utilizing the power of IoT data to provide businesses with actionable insights to help streamline operations and empower business owners.

• Location: Lisbon, Portugal
• Funding: Series A, $16.7 Million

Infraspeak is an IoT startup that is working to streamline and optimize the facilities management industry by providing an intelligent, maintenance-management platform. Through the platform, users can develop solutions for their teams that will result in better services rendered and a more streamlined approach to business operations.

Recommended: Check out our full list of the top startups to watch in 2023!