tracxn research — industrial iot landscape, october 2016

Industrial IoT Report – October 2016


TracxnWorld’s Largest Startup Research Platform

2


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 25

Interesting Companies 41

Useful Links 55

Company List 57

Team 156

Contents


Sector Overview

Scope of report

This report covers companies that are riding the Internet of Things (IoT) wave to develop connected solutions for industries toimprove efficiency and make more informed decisions. The solutions provided are sensors which generate data fromsurroundings, cloud systems which capture, store and analyse data and interfaces for visualization of data. Report excludeslegacy systems like ERP, SCADA etc and also excludes cloud solutions that pick up manually entered data.

Drones, Robots and enabling technologies like infrastructure platforms are not part of this report and would be present in otherrelevant reports from Tracxn. For funding, this report only includes venture capital/private equity funding rounds and excludesdebt financing and grants/prize money.

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

http://bit.ly/go-sign?utm_source=Report&utm_medium=All&utm_campaign=IIoT-Oct-16



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


31

54

84

119

158

97

0

36

72

108

144

180

2010 2011 2012 2013 2014 2015

Nu

mb

er o

f C

om

pan

ies

6

YoY – Number of companies founded

Euclid Analytics Swirl Networks Sight Machine Tachyus Uptake Samsara

Propeller Health (Asthamapolis)

Vital Connect DazzleTek Building RoboticsFarmer's Business

NetworkAIRAg




Large Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

73 2013 29 Retail > In-store Marketing $119MSwirl Networks2011, Boston

67 2011.4 38 Retail > Analytics $346MRetailNext

2007, San Jose

17 2011.2 10Healthcare > Medication Adherence

$470MProteus Digital Health2001, Redwood City

130 2010.8 57Agriculture > Farm Monitoring and Management

$244MThe Climate Corporation

2006, San Francisco

49 2010.2 30 Analytics $428MOSIsoft

1980, San Leandro

58 2009.9 33 Smart Buildings > Energy Efficiency $1.1BView Dynamic Glass

2007, Milpitas

34 2009.6 14 Surveillance > Asset Tracking $88MHelium

2006, San Francisco

39 2009.6 19 Fleet Management $442MSmartDrive

2004, San Diego




Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingTracxn Picks

7 2013 6 Agriculture > Analytics $57MFarmer's Business Network

2014, Davenport

11 2012.6 8Manufacturing > Workforce Wearables

$73MAtheer

2011, Mountain View

19 2012.2 8Manufacturing > Machine Monitoring

$36MSamsara

2015, San Francisco

17 2011.6 10 Logistics $38MHi-G-Tek

1989, Rockville

13 2011.5 8 Agriculture > Aquaculture $6MThe Yield

2014, Sydney

8 2010.6 7 Oil & Gas $36MTachyus

2013, Palo Alto




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.

$229M

$150M

$312M

$400M

$361M

$493M

$716M

$863M

$458M

15

29 48

47

68

109 122

171

87

0

36

72

108

144

180

0

200

400

600

800

1000

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

nd

sFu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Funding Amount Number of Rounds




YoY – Number of Rounds by Stage

1224

57 6173

3819

18

26

34

58

29

6

13

13

9

17

10

0

32

64

96

128

160

2011 2012 2013 2014 2015 2016

Nu

mb

er o

f R

ou

nd

s

Seed Early Late




YoY – Funding by Stage

$8M $4M$35M $49M $49M

$23M

$273M

$93M

$128M

$157M

$276M

$160M

$80M

$208M

$256M $163M

$273M

$115M

0

140

280

420

560

700

2011 2012 2013 2014 2015 2016

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Seed Early Late




Average Ticket Size – Early Stage

$0.8M $0.2M $0.7M $1.0M $0.9M $0.9M

$3.7M $3.1M$4.7M $4.8M $5.1M $5.4M

$38.0M

$8.9M$7.5M

$8.4M

$12.2M$11.2M

0.0

8.0

16.0

24.0

32.0

40.0

2011 2012 2013 2014 2015 2016

Fun

din

g A

mo

un

t (i

n M

illio

ns)

Seed Series A Series B




Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

proteus.comProteus Digital Health(Redwood City, 2001)

$50M Series H Apr-2016

uptake.comUptake

(Palo Alto, 2014)$45M Series B Oct-2015 NEA, Lightbank, General Purpose Vehicles, Caterpillar

viewglass.comView Dynamic Glass

(Milpitas, 2007)$44M Debt Apr-2016

farmersedge.caFarmers Edge

(Winnipeg, 2005)$41M Series C Jan-2016 Mitsui, KPCB

condecosoftware.comCondeco

(London, 2005)$30M Series A Jun-2016 Highland Europe

earlysense.comEarlySense

(Ramat Gan, 2004)$25M Series G Jun-2016 Bank Hapoalim, Pitango Venture Capital, JK&B Capital

enlightedinc.comEnlighted

(Sunnyvale, 2009)$25M Series D Feb-2016 KPCB, RockPort Capital, Draper Fisher Jurvetson, Tao Capital Partners

enlightedinc.comEnlighted

(Sunnyvale, 2009)$20M Debt Feb-2016 Square 1 Bank




Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

euclidanalytics.comEuclid Analytics

(Palo Alto, 2010)$20M Series C Jan-2016 Cox Enterprises, Benchmark Capital, NEA, Harrison Metal, Gold Sky Capital

farmersbusinessnetwork.com

Farmer's Business Network

(Davenport, 2014)$20M Series C Aug-2016 Acre Venture Partners, KPCB, DBL Partners, GV

helium.comHelium

(San Francisco, 2006)$20M Series B Apr-2016 GV, Khosla Ventures, FirstMark Capital, Munich Re

vitalconnect.comVital Connect

(Campbell, 2011)$18M Series B Jun-2016

savi.comSavi Technology

(Alexandria, 1989)$15M Series C Nov-2015 SGS

nomi.comNomi

(New York City, 2012)$15M Debt Jan-2016 Horizon Technology Finance

atheerair.com

Atheer(Mountain View,

2011)$14M Series B Dec-2015

streamlineventures.com, Signature Capital, Rona Holdings, FundersClub, fanggroup.com, Shanda Group

sightmachine.comSight Machine

(San Francisco, 2012)$14M Series B Mar-2016

Jump Capital, GE Ventures, Two Roads Group, Pritzker Group, IA Venttures, O'Reilly AlphaTech Ventures, Mercury Fund, Huron River Ventures, Orfin Ventures




Funnel view of Sector

Percent of Previous

0.66%

0.26%

0.41%

23

27

50

122

474

723

0 160 320 480 640 800

M&A & IPO

Late

Series B

Series A

Funded

Founded

Number of Companies




Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

17


Most Active Investors in Sector

17

14

1211 11 11

109

87

0

4

7

11

14

18

NEA Khosla Ventures Plug and PlayTech Center

Intel Capital KPCB QualcommVentures

Ben FranklinTechnology

Partners

Techstars BusinessDevelopment

Bank of Canada

BenchmarkCapital

Tota

l Nu

mb

er o

f R

ou

nd

s

Uptake View Dynamic Glass Timeli Enlighted Telogis RetailNext Prova Systems Footmarks.com GridPoint GreenRoad

GridPoint Tule Retailigence Sotera Wireless OSIsoft Sotera Wireless Data Inventions Chargifi BitStew Euclid Analytics




Where are Top Investors investing

http://bit.ly/get-demo?utm_source=Report&utm_medium=All&utm_campaign=IIoT-Oct-16


https://www.linkedin.com/company/tracxn


https://twitter.com/tracxn


https://www.facebook.com/Tracxn/



Top Investor by Stage of Entry




Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

21


Major Acquisitions in last one year

Date Company Acquirer Deal Size OverviewTotal

Funding

Oct-2015 datasnap.ioDatasnap

(San Francisco, 2014)neustar.biz

Proximity-Triggered Measurementi-Hatch Ventures, Handmade, Lerer Hippeau Ventures

$1.3M

Feb-2015 dilax.comDilax

(Berlin, 1988)vrep.de Undisclosed

Technology solutions provider of intelligent visitor trackingOMOS Equity Partners

Feb-2015 fancythatapp.comFT Technologies(Palo Alto, 2013)

palantir.com Null USDRetail analytics

Jun-2012 aeroscout.comAeroScout

(Rehovot, 1999)stanleyhealthcare.com

$238.8M

Real-Time Location System (RTLS)Greylock Partners, Pitango Venture Capital, Intel Capital, Menlo Ventures, Western Technology Investment, Evergreen Venture Partners, Star Ventures, Qumra Capital, Cisco Investments, 83North, Eureka Ventures

$28M

Oct-2015 eltav.comEltav

(Ra'anana, 2006)rotork.com

Wireless valve monitoring solutionHutchison

$3.5M

May-2014 cardiomems.comCardioMEMS

(Atlanta, 2001)sjm.com $375M

Wireless sensor-based cardiac implantsVision Capital, Saints Capital, Foundation Medical Partners, Medtronic, Boston Millennia Partners, Easton Capital, Arboretum Ventures, Arcapita, Deerfield Capital Management, Aperture Venture Partners, Boston Millennia Partners, Rockport Venture Partners, CIFC Asset Management, Vision Capital Advisors, St. Jude Medical, Georgia Tech VentureLab

$153M




Major Acquisitions in last one year










Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

24


October 2016Tracxn Bluebox : Industrial IoT590+ companies in the sector, 283 funded in last 5 years, $1.32B invested in 2015/16










Top Business Models by Funding

$968M

$866M

$415M$370M $354M

$280M

$136M$98M

$35M $27M

0

200

400

600

800

1000

1200

Smart Buildings Healthcare Analytics Retail FleetManagement

Agriculture Manufacturing Surveillance Logistics Oil & Gas

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

# Cos. 51 39 44 93 29 67 45 49 15 3

Avg. Age 2010.51 2011 2009.95 2012.52 2010.27 2010.85 2012.38 2009.96 2011.13 2012.67

View Dynamic GlassProteus

Digital HealthOSIsoft RetailNext SmartDrive

The Climate Corporation

Atheer Helium Hi-G-Tek Tachyus

GridPoint iRhythm Tech Savi Technology Euclid Analytics Telogis Farmers Edge Samsara AeroScout OnAsset OspreyData




Smart Buildings – Business Model Description




Smart Buildings – Entrepreneur Activity and Investment Trend




Smart Buildings – Most Funded Companies




Healthcare – Business Model Description




Healthcare – Entrepreneur Activity and Investment Trend




Healthcare – Most Funded Companies




Analytics – Entrepreneur Activity and Investment Trend




Analytics – Most Funded Companies




Retail – Business Model Description




Retail – Entrepreneur Activity and Investment Trend




Retail – Most Funded Companies




Fleet Management – Entrepreneur Activity and Investment Trend




Fleet Management – Most Funded Companies




Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

40


Interesting Unfunded Companies

Company OverviewBusiness Model

75f.io75fahrenheit

(2012, Mankato)

Technology solutions for energy conservation and resolve temperature imbalence

Smart Buildings > Automation

strobilanthes.comStrobilanthes

(2013, Chennai)

Smart product for hospitality and healthcare industryHealthcare

arniot.comArniot

(2013, Bangalore)

Industrial automation and asset tracking solutions through IoT TechnologyLogistics

smartbuildings.inSmartBuildings

(2012, Bangalore)

Sensor technology for energy conservation, management and monitoring in buildings

Smart Buildings > Energy Efficiency

entrib.comEntrib

(2010, Pune)

IoT for shop floor of manufacturersManufacturing > Machine Monitoring

m2mlogger.comm2mlogger

(2013, Delhi)

Cloud based IoT solution for industrial remote monitoringSurveillance > Asset Tracking

preferred-networks.jpPreferred Networks

(2014, Tokyo)

Deep Learning Platform for IndustriesAnalytics

tethr.itTethr.it

(2015, Bangalore)

IoT based platform for industrial usageSurveillance > Asset Tracking

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

54


Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Large Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

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

Horizontal – Most Funded Companies Sub Sector Understand Link



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Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

56


Industrial IoT – Company List

HealthcareSmart

BuildingsFleet

Management Retail Analytics Agriculture

Manufacturing Surveillance Office Oil & Gas LogisticsWorkforce Wearables

375 FUNDED COMPANIES AND 349 UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS




Healthcare (1/8)Company Overview Business Model Total Funding

Eko Devices(2012, Berkeley)

Analog to digital conversion of stethoscopes through an attachment and softwareHub Ventures, Founder, Better, StartX

$2.8M

Xetal(2013, Bonheiden)

Position sensors for indoor people localisationTechfounders $27K

WaferLabs(2015, Mysore)

IoT startup providing hardware products for industries.

DYRE Solutions(2015, Hong Kong)

Development phase patient tracking device

Metrix Health(2014, Menlo Park)

Operational tools to streamline clinical workflow

Bend Labs(2013, Seattle)

A wearable soft sensor platform for measuring human motion.

Medann(2014, Vancouver)

Wall mounted sensor for medical event detection

IntelligentM(2011, Sarasota)

Monitor, manage, and improve healthcare workers' hand hygiene

Go to BM List >> Smart Buildings





LiveTrust(2012, Las Condes)

Remote patient monitoring system for providers

Strobilanthes(2013, Chennai)

Smart product for hospitality and healthcare industry

Proteus Digital Health(2001, Redwood City)

Medical adherence monitoring systemOracle, Silicon Valley Bank, Adams Street Partners, ITOCHU Corporation, Kaiser Permanente Ventures, Asset Management Ventures, Essex Woodlands, The Carlyle Group, Medtronic, Novartis, Oxford Finance, Fletcher Spaght, Helix Ventures, St. Jude Medical, ON Semiconductor, Otsuka America Pharmaceutical, Spring Ridge Ventures, Affinity Capital, Sailing Capital

Medication Adherence $404M

Propeller Health (Asthamapolis)

(2010, Madison)

Mobile platform and sensor for respiratory health managementKapor Capital, S23P, California HealthCare Foundation, Safeguard Scientifics, Social Capital

Medication Adherence $20.55M

PharmRight Corporation(2014, Charleston)

Medication dispenser and adherence monitoring solutionIncWell, SCRA, South Carolina Angel Network Medication Adherence $3.7M

AdhereTech(2011, New York City)

Smart pill bottles that improve medication adherenceBlueprint Health Medication Adherence $2.37M

Common Sensing(2012, Cambridge)

Diabetes management equipmentSanofi Medication Adherence $1.13M






Health Beacon(2014, Dublin)

Smart device for medication adherence and sharps disposalEnterprise Ireland Medication Adherence $1.11M

Remind Technologies(2013, Humble)

Medication adherence deviceMedication Adherence $160k

CareTRx(2012, Cambridge)

Mobile app and sensor to manage asthma through gamificationBlue Cross Blue Shield of Massachusetts Medication Adherence $50k

Pillsy(2014, Seattle)

Smart pill container and app500 Startups, Ontario Centres of Excellence Medication Adherence $20k

SIMpill(2004, Cape Town)

A portable medication Adherence SystemMedication Adherence

Amiko(2014, Milan)

A Fitbit for medicine packsMedication Adherence

N2 Medical Solutions(2014, Winston-Salem)

Medication adherence monitoring and intervention systemMedication Adherence

PillBill(2014, Dusseldorf)

Remote medication and disease management systemMedication Adherence





Healthcare (4/8)











Healthcare (5/8)





Healthcare (6/8)





Healthcare (7/8)





Healthcare (8/8)





Smart Buildings (1/10)

Healthcare << Go to BM List >> Fleet Management




Fleet Management (1/5)

Smart Buildings << Go to BM List >> Retail




Retail (1/19)

Fleet

Management<< Go to BM List >> Analytics




Retail (2/19)

Fleet





Retail (3/19)

Fleet





Retail (4/19)

Fleet





Retail (5/19)

Fleet





Retail (6/19)

Fleet





Retail (7/19)

Fleet





Retail (8/19)

Fleet





Retail (9/19)

Fleet





Retail (10/19)

Fleet





Retail (11/19)

Fleet





Retail (12/19)

Fleet





Retail (13/19)

Fleet





Retail (14/19)

Fleet





Retail (15/19)

Fleet





Retail (16/19)

Fleet





Retail (17/19)

Fleet





Retail (18/19)

Fleet





Retail (19/19)

Fleet





Analytics (1/7)

Retail << Go to BM List >> Agriculture




Analytics (2/7)





Analytics (3/7)





Analytics (4/7)





Analytics (5/7)





Analytics (6/7)





Analytics (7/7)





Agriculture (1/25)

Analytics << Go to BM List >> Manufacturing




Agriculture (2/25)





Agriculture (3/25)





Agriculture (4/25)





Agriculture (5/25)





Agriculture (6/25)





Agriculture (7/25)





Agriculture (8/25)





Agriculture (9/25)





Agriculture (10/25)





Agriculture (11/25)





Agriculture (12/25)





Agriculture (13/25)





Agriculture (14/25)





Agriculture (15/25)





Agriculture (16/25)





Agriculture (17/25)





Agriculture (18/25)





Agriculture (19/25)





Agriculture (20/25)





Agriculture (21/25)





Agriculture (22/25)





Agriculture (23/25)





Agriculture (24/25)





Agriculture (25/25)





Manufacturing (1/7)

Agriculture << Go to BM List >> Surveillance




Manufacturing (2/7)





Manufacturing (3/7)





Manufacturing (4/7)





Manufacturing (5/7)





Manufacturing (6/7)





Manufacturing (7/7)





Surveillance (1/9)

Manufacturing << Go to BM List >> Office




Surveillance (2/9)





Surveillance (3/9)





Surveillance (4/9)





Surveillance (5/9)





Surveillance (6/9)





Surveillance (7/9)





Surveillance (8/9)





Surveillance (9/9)





Office (1/2)

Surveillance << Go to BM List >> Oil & Gas




Office (2/2)

Surveillance << Go to BM List >> Oil & Gas




Oil & Gas

Office << Go to BM List >> Logistics




Logistics (1/3)

Oil & Gas << Go to BM List >>Workforce

Wearables




Logistics (2/3)


Wearables




Logistics (3/3)


Wearables




Workforce Wearables

Logistics << Go to BM List




Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

155


Team

156

Vivek Singh

Lead Analyst, Technology



https://www.linkedin.com/in/vivek-singh-36281999

https://www.linkedin.com/in/vivek-singh-36281999

https://twitter.com/SVivek_73

https://twitter.com/SVivek_73

tracxn research — industrial iot landscape, october 2016

Data & Analytics