An Internet of Everything

WITH THERMOSTATS you can control remotely, fitness trackers that log your workouts, and dermal patches that customize delivery of medications, the internet of things has grown from fuzzy concept to big business in little more than half a decade. The funding has followed: The data and analytics company CB Insights found that investor dollars going into IoT companies more than tripled, to $1.2 billion, from the first quarter of 2013 to the first quarter of 2017—despite the fact that this segment of the tech sector hasn’t midwifed a household-name megahit like Uber or Airbnb. Or at least not yet: Along with data on deal volume and total venture capital dollars invested, we’ve identified eight IoT companies worth watching.