IoT State of the Union 2016. Easily the best analysis of IoT funding and investment we have seen

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Easily the best analysis of the current state of IoT funding in the world from Martin Giles, Partner at Wing Venture Capital and ex writer at the Economist covering Silicon Valley.

Want to understand what is hot, what is not and where IoT might be going? This is essential reading.

It is a very strong analysis of the funding environment for IoT and certainly reflects what we are seeing in the market at the moment.
Amongst other things, Martin identified 707 funding rounds for IoT Platform companies between 2013 and 2016.

“There’s been a proliferation of IoT platforms and this outbreak of ‘Platformitis’ is likely to lead to a shakeout over time.

“We found a large number of deals for startups either overtly pitching themselves as platforms, or positioning themselves in their marketing as platforms without specifically using the term. The total came to 707, or almost a third of our entire data set! There’s certainly a need for platforms to help customers cope with the complexity of competing IoT standards and protocols. The largest number of platform deals were in the Industrial/Enterprise category, which is understandable given that customers there are looking to connect a wide variety of devices at scale. The second largest category was the home. There’s a clear value proposition here too: people want the smart devices in their homes to work together seamlessly. But the very large number of IoT startups aspiring to platform status means there’s likely to be a shakeout over time. This could be most pronounced in the home where, in addition to competing with one another, startups also face competition from Google, Amazon and others with big platform ambitions of their own.”

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2 responses to “IoT State of the Union 2016. Easily the best analysis of IoT funding and investment we have seen”

  1. […] isn’t the whole story though. There are plenty of other companies out there – this research found 707 IoT software platform companies that had received funding between 2013 and […]

  2. […] isn’t the whole story though. There are plenty of other companies out there – this research found 707 IoT software platform companies that had received funding between 2013 and […]