According to the McKinsey Global Institute, IoT has the potential and capacity to make an economic impact of a whopping $3.9 trillion to $11.1 trillion a year by 2025. Internet of Things is the future as more and more people have started preferring “connected” devices around them including digital sensors, internet-based assistants, gadgets, connected cars and appliances. Research firm Gartner reported that over 43% of enterprises and organizations are planning to use IoT by the end of 2016, and this figure will reach 64% in the next year. IoT startups are sprouting up like crazy these days. These companies will have a gigantic value in terms of money and products. Here are the best IoT startups.
Greenbird is an IoT startup that is working on a middleware system based on Cloud that would let the connected things to interact with each other and optimize the power and output of the public utilities like electricity, water etc. The company’s smart integration technology is based on Metercloud, a hybrid cloud platform for big data integration for the implementation of smart grid systems, smart city and the industrial IoT. The platform promises to reduce the cost by slashing the human element which is prone to delays and, sometimes, indecisiveness.Greenbirdwas nominated amongst the top 25 IoT Heroes 2016 in the Smart City category forIoT / M2M Innovation World Cup 2016.
Worldsensing is working on IoT sense-based platform layers which will help the industry to make smart and connected devices. Worldsensing is also working on predictive systems that will help the IoT devices to generate warnings based on subtle sensor-based inputs. As of now, Worldsensing offers two products. The first product is specifically designed for the industrial sector to helpthe monitoring of assets in challenging locations for Civil Engineering, Mining, and Oil & Gas customers. Mobility domain is another area where the company has amazing products to offer, including ‘Fastprk’parking system for smart cities which helps drivers to locate parking spaces more quickly. Worldsensing has also produced a Bitcarrierfor the real-time traffic information management for urban areas.
Lack of medication adherence is taking a toll on the healthcare system in monetary terms and mortality rate. AdhereTech solves this problem by bringing IoT on the table. The New York-based company, which has raised over $2.3 million in funding, has developed a pill bottle which is able to detect when one pill or one liquid milliliter of medication is removed from it. In this way, if the medicine is not removed for a specified time, it alerts the user via message or call. AdhereTech’s pill bottle is being used by thousands of patients andmajor pharmaceutical companies recommend it to patients. Given the fact that non-adherence to medicines is the cause of about 125,000 deaths per year, AdhereTech’s IoT solution has a massive potential for growth.
Chui is a Colorado-based Internet of Things startup that has developed a system to use human faces as “universal keys” for intelligent and “connected” doors and doorbells. Chui uses combined facial recognition with advanced computer vision and machine learning.Chui’s intelligent systems notifies with pictures about anyone who knocks or bells at the door. Watch this video on Chui to get the gist of the product.
Enlighted is a California-based Internet of Things company which makes smart IoT-based lighting systems. Over 40% of the total electricity used in households and industry is used in lighting, most of which is wasted. Enlighted’s system controls lights with sensors, monitors light levels, temperature, occupancy and power consumption on over 90 feet radius. Enlighted’s lighting fixtures contain sensorswhich are able to measure occupancy, temperature and ambient light metrics and turn the lights off and on based on the results. Its device also have on-machine software. In March, Enlighted said it had raised a $25 million Series D round, steered by investors including Tao Capital, Kleiner Perkins, RockPort Capital Partners, and Draper Fisher Jurvetson.
Heapsylon develops smart socks that based on textile pressure sensors to prevent injuries of runners. The socks is paired with electrical sensors which track steps, speed, calories, altitude gain, environmental temperature and distance. Heapsylon’s band also accurately tracks foot landing technique, center of balance and weight distribution along with cadence to help athletes and general people aware of their movements.
AI-based connected sex is going to be a thing in the future. MysteryVibe is a famous IoT startup which makessmart and connected erotic toys which provide users pleasure by using Big Data and machine learning techniques. MysteryVibe promises to make “relationships more fun” and let individuals take control of their pleasures. The details of the algorithms and Big Data technology used by MysteryVibe are not a mystery, as the company has made them open the medical & research communities to address possible health issues in the “connected sex”.