THE IOT COMPANIES TO KEEP YOUR I ON
The potential of the IoT is demonstrated by the range of businesses finding applications for it.
CHRONO THERAPEUTICS —
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 —
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 —
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
METROMILE —
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
RAZER —
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 —
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 —
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 —
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