Tracxn Research — IoT Infrastructure Landscape, September 2016

IoT Infrastructure Report, September 2016

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2


Contents

Topic Page No.

Scope of Report 04

Entrepreneur Activity 06

Investment Trend 10

Who is Investing 18

Exit Outlook - IPO, Acquisitions 22

Sub Sector Analysis 26

Interesting Companies 41

Useful Links 49

Company List 51

Team 161


Sector Overview

Scope of report

This report includes companies which enable infrastructure across the Internet of Things value chain for applications likeconnected devices and smart solutions. These infrastructure companies enable IoT solutions provider to connect such devices tocloud and develop applications based on these devices. Marquee investors such as Intel Capital, Momenta, DFJ, NEA,Qualcomm, Cisco, Bessemer Venture Partners and others look at this as a special area of interest. Gartner also places this areaas a active area of interest in the Hype Cycle.

The IoT Infrastructure companies covered here include Hardware and Software providers for developing IoT Applications orServices. It also covers Network Service Providers and Enablers, specifically for IoT applications and includes UnlicensedSpectrums and alliances like Sigfox, LoRaWAN, etc.

The scope also encompasses Sensor Platforms/Stacks for prototyping or building apps; Networks Network ManagementPlatform for handling connectivity to devices; Device Management platforms which help manage and maintain IoT devices;Application Development Platforms - which enable creation of applications for a specific end use of a company; DataManagement Platforms - These are platforms which provide a database specifically designed for the streaming nature of sensordata; Analytics Platforms designed to handle sensor data and provide insights from such data.

This report excludes Telecom Players, IoT Services and Consulting companies, as well as Design Companies from its scope. Thesewould be present in other relevant reports from Tracxn. For funding, this report only includes venture capital / private equityfunding rounds and excludes debt financing and grants/prize money.

The scope of this report includes equity as well as debt funding received by the companies.


Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

5


4854

65

122

137

107

14

0

32

64

96

128

160

2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

6

YoY – Number of companies founded

Ayla Networks Electric Imp Veniam Argus Cyber Security eero SORACOM Phantom IoT

PubNub Zonoff Actility Relayr Gizwits V5 Systems Trillbit


Large Upcoming Sectors


Niche Upcoming Sectors


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

9


YoY – Number of Rounds and Total Funding

Note: The funding includes debt rounds also.

$373M

$236M$222M

$179M

$363M

$305M

$526M

$634M

$512M

23

32

41 43

66

84

107

109

82

0

24

48

72

96

120

0

140

280

420

560

700

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

nd

sFu

nd

ing

Am

ou

nt

(in

Mill

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s)

Funding Amount Number of Rounds


YoY – Number of Rounds by Stage


YoY – Funding by Stage


Average Ticket Size – Early Stage


Top investments in last one year


Top investments in last one year


Funnel view of Sector


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

17


Most Active Investors in Sector

14

12

10 10 10 10

7 7 7

6

0

3

6

10

13

16

Intel Capital 500 Startups ARCH VenturePartners

Momenta Plug and PlayTech Center

Techstars FoundationCapital

Opus Capital Polaris Partners CiscoInvestments

Tota

l Nu

mb

er o

f R

ou

nd

s

Sigfox Keen Impinj ThingWorx Neura KeenSilver Spring

Networks Gainspan Impinj Ayla Networks

Gainspan Luma Adesto Davra Networks Muzzley Filament Dust Networks Arrayent Ember Ambiq Micro


Where are Top Investors investing


Top Investor by Stage of Entry


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

21


Top IPOs

IPO Date Company OverviewFunding Amount

Exch:Ticker

11-04-2016 skkynet.comSkkynet Cloud Systems

(Mississauga, 2011)

Secure & networked SCADA and IoT solution-

OTCMKTS:SKKY

13-03-2013 silverspringnet.comSilver Spring Networks(Redwood City, 2002)

Connectivity platform and network provider for communications between utility and customer, smart meters and communication nodesEMC, KPCB, GV, GSV Capital, DAG Ventures, Foundation Capital, Saints Capital, ARTIS Ventures, Cross Creek Advisors, EEI Nat'l Key Accts, Hitachi, Juvo Capital, Northgate, Peterson Partners

$282MSSNI

12-02-2012 insidesecure.comInside Secure

(Meyreuil, 1995)

Embedded security for IoT & payment solutionVISA, Qualcomm, Qualcomm Ventures, GGV Capital, Motorola Solutions, Nokia Growth Partners, FSI, WestSummit Capital, Gimv, Sofinnova Partners, Atmel, Siparex, Eurous Ventures, HID Global, Jolt Capital, Samsung Venture Investment, Vertex Ventures, Vertex Holdings

$181.4MINSD

20-06-2007 ntels.comnTels

(Seoul, 2011)

Telecom OSS/BSS, media, publishing, and IoT solutions provider-

069410:KS


Top IPOs


Major Recent Acquisitions


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

2525


800+ companies in the sector, 253 funded in last 5 years, ~$1.1Bn invested in 2015/16

September 2016Tracxn BlueBox : IoT Infrastructure

26


Top Business Models by Funding

$1.8B

$908M$828M

$522M

0

400

800

1200

1600

2000

IoT Platforms IoT Networks Hardware & Software Modules Security

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

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# Cos. 388 83 304 64

Avg. Founded Year 2010 2010 2007 2009

Jasper

Ember

Inside SecureSilver Spring Networks

Sigfox MocanaThinFilm Electronics

Impinj


IoT Platforms – Business Model Description


IoT Platforms – Entrepreneur Activity and Investment Trend


IoT Platforms – Most Funded Companies


IoT Networks – Business Model Description


IoT Networks – Entrepreneur Activity and Investment Trend


IoT Networks – Most Funded Companies


Hardware & Software Modules – Business Model Description


Hardware & Software Modules – Entrepreneur Activity and Investment Trend


Hardware & Software Modules – Most Funded Companies


Security – Business Model Description


Security – Entrepreneur Activity and Investment Trend


Security – Most Funded Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

4040


Company Overview Business Model

datiot.comDataiot

(2016, Gurgaon)SaaS platform for IoT applications. IoT Platforms > Analytics Platforms

algotricx.comAlgotricx

(2015, Bangalore)Analytics and computing platform for IoT applications IoT Platforms > Analytics Platforms

automatski.comAutomatski

(2014, London)IoT fog computing platform for building end-to-end smart systems IoT Platforms > Fog Computing Platforms

visualsensing.comVisual Sensing & Automation

(2014, Bangalore)Sensor and actuator networking platform focused on industries.

Hardware & Software Modules > Hardware Modules > Sensor SDK and platform

smartxlab.comSmart X Lab

(2014, Taipei)Mesh network with IoT applications IoT Networks > Mesh Networks

we-io.netWeIO

(2013, Paris)Provides hardware development modules for IoT Applications

Hardware & Software Modules > Hardware Modules

VDS Corporation(2013, Oakland)

Big data analytics for ADAS and self-driving cars IoT Platforms > Analytics Platforms

41

Interesting Unfunded Companies

Curated list of companies by the sector analyst are defined as Interesting


Interesting Unfunded Companies


Interesting Seed Companies


Interesting Series A Companies


Interesting Series B Companies


Interesting Late Stage Companies


Top Funded Deadpooled Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

48


Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Large Upcoming Sectors Entrepreneur Activity Link

Niche Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link

Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link

Hardware & Software Modules – Most Funded Companies Sub Sector Understand Link

IoT Platforms – Most Funded companies Sub Sector Understand Link

IoT Networks – Most Funded Companies Sub Sector Understand Link

Security – Most Funded Companies Sub Sector Understand Link

Top Funded Deadpooled Companies Companies Link

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Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

50


IoT Infrastructure – Company List

IoT Platforms IoT Networks Hardware & Software Modules Security

389 FUNDED COMPANIES AND 450 UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS


IoT Platforms (1/49)Company Overview Business Model Total Funding

Empyrean Labs(2015, Delhi)

M2M based IoT solution

C3 IoT(2009, Redwood City)

Platform as a service for deploying Industrial applcationsInterWest Partners Analytics Platforms $37M

Keen(2011, San Francisco)

Cloud-based platform for developers to build custom and white-label analytics for web, mobile and IOT applicationsSequoia Capital, Amplify Partners, 500 Startups, XG Ventures, Techstars, Data Collective, Rothenberg Ventures, Rincon Venture Partners, Pelion Venture Partners, SK Ventures, Cloud Power Capital, Streamlined Ventures

Analytics Platforms $30M

SpaceCurve(2009, Seattle)

Real-time bigdata platformReed Elsevier Ventures, Tola Capital, Divergent, Triage Ventures, Divergent Ventures

Analytics Platforms $29.8M

Infobright(2005, Toronto)

Data Analytics Platform For IoTFlybridge Capital Partners, RBC, Sun Microsystems, Information Venture Partners


ColdLight(2008, Wayne)

SaaS-based prescriptive IntelligenceIntel Capital, Ben Franklin Technology Partners, Kayne Anderson Capital Advisors


Sentiance(2012, Antwerp)

Mobile Analytics platform to build user profiles for contextual targetingSamsung, Qbic, Volta Ventures, Qubic Analytics Platforms $10.68M

Go to BM List >> IoT Networks



Saffron Tech(1999, Cary)

Platform for Cognitive ComputingAnalytics Platforms $7.54M

Flow(2010, Brooklyn)

Real-Time Information ManagementTrident Capital, SocialStarts, Scout Ventures, Cloud Capital Partners, CrossConti

Analytics Platforms $6.43M

Mnubo(2012, Montreal)

A cloud platform that provides M2M vertical applications to manage a wide range of machine-to-machine devices.White Star Capital, McRock Capital, Isomer Capital


DN2K(2011, Greenwood Village)

Advanced remote monitoring, M2M and management systemsAnalytics Platforms $3.16M

Planet OS(2012, Sunnyvale)

Cloud Platform for Industrial IoT and Earth Observation DataIntertrust Analytics Platforms $1.4M

Sense Ai(2015, Saint Paul)

Analytics platform for data from vivid sourcesAnalytics Platforms $1.29M

Strap(2014, Cincinnati)

Wearable analytics and software development platformThe Brandery, CincyTech, HPVP, Vine Street Ventures, Mercury Fund Analytics Platforms $1.27M

Bigfinite Inc(2013, San Francisco)

Analytics platform for the Internet of Things500 Startups Analytics Platforms $1.15M




Buddy(2011, Seattle)

Cloud based data management platformTransmedia Capital, Crestlight Analytics Platforms $1M

OneFold(2013, San Francisco)

Visualization data from mobile & IoTStudio 9 Plus Analytics Platforms $720k

Crowsnest(2014, Seattle)

Crash analytics service provider IoT device makersTechstars Analytics Platforms $138k

Tive(2015, Boston)

Provides real-time sensor as a service for business optimizationAnalytics Platforms

Statwig(2016, Hyderabad)

Provides predictive analytics platform for IOT applicationsAnalytics Platforms

Dataiot(2016, Gurgaon)

SaaS platform for IoT applications.Analytics Platforms

KubeM2M(2015, Pune)

IoT data analytics and device managementAnalytics Platforms

Xmachinacloud(, Los Angeles)

Provides analytics platform for IOT and M2M ApplicationsAnalytics Platforms



IoT Platforms (4/49)










































































































































IoT Networks (1/11)

IoT Platforms << Go to BM List >>Hardware &

Software Modules


IoT Networks (2/11)


Software Modules


IoT Networks (3/11)


Software Modules


IoT Networks (4/11)


Software Modules


IoT Networks (5/11)


Software Modules


IoT Networks (6/11)


Software Modules


IoT Networks (7/11)


Software Modules


IoT Networks (8/11)


Software Modules


IoT Networks (9/11)


Software Modules


IoT Networks (10/11)


Software Modules


IoT Networks (11/11)


Software Modules


Hardware & Software Modules (1/39)

IoT Networks << Go to BM List >> Security




















































































































Security (1/9)

Hardware &

Software

Modules

<< Go to BM List


Security (2/9)

Hardware &

Software

Modules

<< Go to BM List


Security (3/9)

Hardware &

Software

Modules

<< Go to BM List


Security (4/9)

Hardware &

Software

Modules

<< Go to BM List


Security (5/9)

Hardware &

Software

Modules

<< Go to BM List


Security (6/9)

Hardware &

Software

Modules

<< Go to BM List


Security (7/9)

Hardware &

Software

Modules

<< Go to BM List


Security (8/9)

Hardware &

Software

Modules

<< Go to BM List


Security (9/9)

Hardware &

Software

Modules

<< Go to BM List


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

160


Team

Aakanksha Hajela

Lead Analyst – Technology Global

Vijaya Bhaskar Rao

Lead Analyst – Technology Global

https://in.linkedin.com/in/aakankshah

https://in.linkedin.com/in/aakankshah

https://twitter.com/galaxian

https://twitter.com/galaxian

https://in.linkedin.com/in/vijaya-bhaskara-rao-05843245

https://in.linkedin.com/in/vijaya-bhaskara-rao-05843245

https://twitter.com/vijaybhaskar_q

https://twitter.com/vijaybhaskar_q

Data & Analytics

Tracxn Research — IoT Infrastructure Landscape, September 2016