Top IoT startups in Europe 2024

Iot stands for Internet of things. The increasing quest for customer centricity and sustainability in an ever-changing technology environment have made businesses realise the potential benefits of IoT in terms of various perspectives like differentiation and competitive advantage.

Internet of things is a technology that combines the physical devices, such as actuators and sensors, provides them with digital identification and implements an integrated communication network by using the internet, so that information can flow and exchanged across the devices in real time to make the system behave like an intelligent without any human interference by incorporating the digital intelligence to the system.

The use of IoT is spreaded over a huge number of industries, products and services. The architecture of IoT differs according to the purpose it serves. The IoT is developed based on various technologies and systems. Iot mostly depends on a crucial technology namely Radio Frequency Identification (RFID).

The crucial aspect of IoT is that it uses a communication grid and real-time Data. IoT includes qualitative, quantitative, psychological and technical aspects. IoT has brought a revolutionary era to the lives of mankind by infusing smartness in every possible thing. Iot can be potentially used in areas like automotive, transportation, smart factories, smart buildings, smart cities, smart utilities, healthcare, retail, agriculture etc.

On the international level, IoT startups are needed in order to establish interactive communication, data mining, identification and recognition of various situations which enables innovation and creation of novel things in different sectors that are broadly contributing to society as well as serving the purpose.

IoT startups in Europe play a significant role in distinctive key areas like innovation, improving efficiency while diminishing cost, enhancing customer experience, enhancing global competitiveness, encompassing collaboration across sectors, emphasising on a problem solving approach, enabling transformation of industries, promoting sustainability practices, optimising resource management creating employment opportunities, attracting more number of investors, creating a suitable ecosystem of suppliers which contribute to the economic growth and development of the region.

Here is the list of top IoT startups in Europe which are broadly assisting the region in maintaining a competitive edge in the international IoT market.

Best IoT Startups in Europe 2024

Here is the list of the of the Top IoT Startups in Europe

Infogrid

Infogrid was first instituted in London, the heart of the United Kingdom. The founder and CEO of this European startup is William Cowell de Gruchy who created this entity in 2018 to shape the unrevealed promise of scalable IoT into reality. This entity's mission is to establish every building as sustainable, adaptable and to emit all inefficiencies by implementing IoT.

In its latest funding it has secured $30 million as debt finance. It offers specific products like air quality monitoring, smart cleaning, energy monitoring, pipe monitoring and occupancy monitoring in order to build well equipped smart infrastructures.

Luko

Luko is a European startup that offers home insurance and numerous security technologies. Luko was founded in Paris, France by Raphaël Vullierme. It prioritises delivering the insurance services by adopting a transparent and virtuous mode with the use of advanced technologies and IoT.

This organisation's mission is to become the best customer centric insurer in the marketplace. Luko integrates different organisational capabilities by combining principles of innovation and exploitation of new technologies.

FloLive

FloLive originated in London, United Kingdom. This European IoT startup was founded by Rony Cohen. It has secured $47 million in its recent Series C funding round. It basically deals in a B2B business model focusing on various kinds of communications.

This European platform assists organisations in improving their global management and control capabilities with an individual global IoT connection provider while eliminating multiple operating options. It aims at providing true global coverage while maintaining authenticity and high speed connectivity.

Sensorfact

Sensorfact, a European IoT startup founded by Pieter Broekema in 2016. It is headquartered in Utrecht, Netherlands. This entity has expertise in the internet of things, and it has made tremendous contributions in the field of energy and nuclear by developing a smart IoT platform.

In its current Series B funding, it has secured $28 million. This European startup basically uses a B2B and saas model. It helps industries in establishing smart monitoring systems to gain insights into machine maintenance with the use of IoT.

Treon

Treon is a European startup that specialises in manufacturing wireless hardware products crafted and designed for integration into internet of things systems. This organisation was established in Tampere, Finland and co-founded by Hesham El Metainy and Khaled Khorshid.

This entity believes in connecting things to derive the best possible outcome and to enhance expertise by using the IoT. Its objective is to design and offer disrupting physical products, services and technologies that will change the market ecosystem for people and businesses for the betterment of the globe.

EVRYTHNG

EVRYTHNG is a European startup founded in London, United Kingdom and renamed as Digimarc. It mainly uses  B2B and SAAS models to operate. It has secured 10 million in its recent funding.

This entity is a pioneer in digitization of products, creating differentiated identification and digital solutions that integrate with various applications and tools to strengthen business ethics and values. This organisation believes in being transparent.

Infobip

Infobip is a European startup based in London, United Kingdom which shows their enthusiasm to stay in the forefront of the competitive landscape. It specialises in providing services like omnichannel engagement, comprehensive suite of messaging solutions, tools and techniques that enable enhanced customer experience through the use of IoT. It has secured an impressive amount of $200 million in its recent funding.

This organisation has the potential to offer seamless communication across multifaceted channels. It believes in interacting with customers through email, voice, messages etc. Initially it was operating as a B2B and Saas model.

EcoG

EcoG, a renowned leader in the era of IoT technology with the energy and mobility sector originated, originated in Munich, Germany. This European platform has recently secured $6.4 million in a series A funding. This entity is ready to transform the the way charging infrastructure is monetized.

This organisation serves as a B2B SaaS provider Erich offers application programming interfaces for different entities. It is well known for its ability to utilize IoT technology which enables charging stations as significant components of charging ecosystem.

Exein

Exein is a European cybersecurity startup founded in Rome, Italy. This startup organisation is trying hard to get evolved in the era of IoT. It has created an open source IoT security framework which is useful in real-time. It has secured $7 million in its recent Series A funding to improve its functionalities and to expand its operations.

It operates mainly in a B2B space identifying the crucial need of strict security features in IoT deployment across various sectors. This organisation is strengthening the IoT infrastructure in order to ensure a secure and flexible future for the connected devices.

Nordsense

Nordsense is a European startup headquartered in Copenhagen, Denmark. It's main objective is to manage waste through its advanced SaaS-based platform, which is prepared to harness the strength of IoT. This organisation has secured $8.5 million in its recent funding round. It follows an unique IoT driven approach.

It provides remarkable and game Changi IoT challenges. This platform is highly concerned about the conservation of resources and eco-friendliness. It's distinguished approach benefits both consumers and the planet.

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Frequently asked questions (FAQs)

Which are the Top IoT Startups in Europe?

Infogrid, Luko, FloLive, Sensorfact, Treon, EVRYTHNG, Infobip, EcoG, Exein, Nordsense are the Top IoT Startups in Europe.

Who is the founder and CEO of Infogrid startup

The founder and CEO of European startup Infogrid is William Cowell de Gruchy