The po­ten­tial of the IoT is demon­strated by the range of busi­nesses find­ing ap­pli­ca­tions for it.

Inc. (USA) - - TECH -


Chrono, based in Hayward, Cal­i­for­nia, makes med­i­cated patches that trans­mit drugs through the skin us­ing the IoT to cus­tom­ize dosage and tim­ing for in­di­vid­ual pa­tients. By do­ing so, the patches pre­empt ad­dic­tion, the com­pany hopes. $85M, SE­RIES B


Sphero, in Boul­der, Colorado, sells con­nected toys like the Star Wars BB-8 droid. It spe­cial­izes in ro­botic toys that pair with apps. It also has an ed­u­ca­tional arm that uses its tech­nol­ogy to teach kids math and science and how to write code. $112M, SE­RIES G


Ecobee, head­quar­tered in Toronto, sells sen­sors and thermostats that al­low users to con­trol their home’s tem­per­a­ture via the com­pany’s app. Its plat­form also in­te­grates with Ama­zon’s pop­u­lar vir­tual as­sis­tant, Alexa. $42M, SE­RIES B


This San Fran­cisco–based pay-per-mile in­sur­ance com­pany for low-mileage drivers uses the IoT to get data from the ve­hi­cles it cov­ers. Its app also tracks speed, gas us­age, and travel times to give cus­tomers richer data on their driv­ing and com­mut­ing habits. $206M, SE­RIES D


Last year, San Fran­cisco’s Razer, which is leg­endary among gamers for its high-per­for­mance hard­ware, such as lap­tops, head­phones, con­soles, and other con­nected de­vices, launched a $30 mil­lion fund to in­vest in the IoT and other tech de­vel­op­ment. $175M, SE­RIES D


Ring’s video door­bell lets users see, via their smart­phone, who’s at their doorstep, and hear and speak to vis­i­tors through the app. The Santa Mon­ica, Cal­i­for­nia, com­pany also sells con­nected cam­eras for the ex­te­ri­ors of cus­tomers’ homes. $204M, SE­RIES D


View, based in Mil­pi­tas, Cal­i­for­nia, spe­cial­izes in IoT-con­nected win­dow in­stal­la­tions that can be pro­grammed to tint against sun glare and to re­duce am­bi­ent heat—and which are con­trolled through a pro­pri­etary smart­phone app. $716M, SE­RIES G


CloudMinds, which is head­quar­tered in Santa Clara, Cal­i­for­nia, and landed a very big fund­ing round ear­lier this year, builds ro­bots and is work­ing with part­ners to cre­ate a glob­ally con­nected ecosys­tem for oper­at­ing smart ma­chines. $130M, SE­RIES A

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