forbes.com
- 48 of the top Internet of Things (IoT) startups are based
in the Bay Area, 5 in Boston, 3 in Los Angeles and Toronto, and 2 in
Dallas, Paris and San Diego.
- Venture funding in Jawbone, Genband, Silver Spring
Networks and View Glass combined is $1.6B or 26% of all funding in the top
100 IoT startups.
- Total funding for the top 100 IoT startups is currently
$6.19B.
- 31
are in late stage funding cycles as of today.
These and other insights are from a recent analysis of the
IoT landscape using Mattermark Pro. Forbes
readers often ask for insights into emerging technology startups, specifically
venture-backed startups competing in IoT industries.
Mattermark uses a combination of artificial intelligence and
data quality analysis to provide insights into over 1 million private
companies, over 470,000 with employee data, and over 100,000 funding events. In
the interest of full disclosure I’m not today and have never done any consulting
work of any kind with Mattermark.
Defining The Top 100 Internet of Things Startups
To find the top 100 IoT startups, an initial query
requesting all startups active in the IoT market was completed. Next, advanced
query tools in Mattermark Pro were used to filter out all startups that had
exited as indicated by their stage status in Mattermark’s data. This filtered
out startups who had been acquired, completed an IPO or had exited through
other means. The table below is the result of an analysis completed today with
Mattermark data. You can download the table here in Microsoft Excel format.
The Mattermark Growth Score shown in the table below and
downloadable Excel file is a measure of how quickly a company is gaining
traction at a given point in time. It incorporates the Mindshare Score (web
traffic, social traction) as well as business growth metrics (e.g. employee
count over time, funding). The underlying assumption is that companies who see
growth across these signals are shipping product and talking to customers, and
are more likely to continue to grow as a result. This score is not meant to
provide guidance on which startup to invest in. Rather it’s a measure of
momentum across the metrics and KPIs that Mattermark measures.
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