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Follow usIot 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
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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.
Reply
Reply is a company that focuses on digital services, consulting, and helping businesses connect different systems. Reply provides consulting, system integration, and digital services to businesses in telecom, media, banking, insurance, public sectors, and other industries.
Atos
Atos is a large European company that offers IT services, consulting, and various digital solutions and products. ATOS SE focuses on helping businesses with digital transformation. It provides services like cloud solutions, big data, business applications, and digital workplace tools. The company was founded in 1972 and is based in Bezons, France.
Kerlink
Kerlink is a fast-growing, global company that offers Internet of Things (IoT) solutions. It helps businesses, cities, industries, and network operators create and run cost-effective IoT networks around the world. Kerlink is a leading provider of IoT equipment, software, and services. It helps businesses, cities, industries, and network operators easily set up public and private IoT networks.
Siemens
Siemens Limited is a technology company that works in areas like industry, infrastructure, digital transformation, transport, and electrical power. It is the main company of Siemens AG in India. Siemens focuses on industrial automation, energy systems, rail transport, and health technology. It is the largest industrial manufacturing company in Europe and a global leader in industrial automation and software.
Haltian
Haltian is a Finnish company that offers Internet of Things (IoT) solutions to make workspaces better. Haltian is a global IoT solution provider from Finland. Their IoT solutions include the Empathic Building, which is a complete smart building solution for offices and hospitals, and the Thingsee device, which helps launch IoT projects quickly on a large scale.
GotPhoto
GotPhoto is a software that helps photographers organize their work more easily and earn more money. GotPhoto is a complete workflow and sales solution designed for photographers who work with schools, preschools, seniors, sports, and dance. GotPhoto saves you time by automating tasks, sending reminders for purchases, and helping you make more money by offering different poses and upselling options. It also collects and sends sales tax for all orders in the US.
KINEXON
KINEXON is a company that provides software and hardware for tracking location and movement. Their products are used in many industries, such as sports, media, manufacturing, logistics, and retail. A platform that tracks location in real-time and gives insights into production and logistics. It helps digitalize production by connecting and automating operations in industrial settings.
EOT Labs
EoT Labs is a startup in Berlin that works on open-source projects for the Economy of Things (EoT). They aim to upgrade the Internet of Things (IoT) from Web2 to Web3 and use technology to create a global, borderless machine economy. EoT Labs focuses on helping vehicles, robots, and devices reach their full potential to improve society.
Hattrack
Hattrack is a free, open-source tool that lets users download websites from the internet and view them offline. Hattrack is a free, open-source tool created by Xavier Roche that lets users download websites from the internet to their local computer so they can browse them offline. It is licensed under the GNU General Public License Version 3.
DATATRONiQ
DATATRONiQ is a German startup that uses machine learning and big data to help factories become more efficient and improve quality. DATATRONiQ is an innovative startup in Germany focused on industrial IoT. Their platform provides a complete solution for companies to monitor and improve their assets and processes. Their device management and data collection technology create high-quality data for their AI models used on the edge.
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