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The World of IoT
Internet of Things (IoT) unequivocally leads on hype and will continue to as every industry looks to leverage IoT to improve efficiency and productivity, discover new business models that shift more towards opex and explore innovative revenue streams. Companies big and small are in the fray. At last count, there were over 3,000 IoT startups globally as reported on angel.co. These are spread across the globe (see the map above) with no seeming concentration in any geography, unlike technologies emerging primarily from Silicon Valley in the past. A whopping sum of $12.5B has been invested in IoT startups globally in the last 5 years. In 2016 alone, over 636 cumulative IoT deals received investments of over $4B with 59 exits, according to CB Insights (more on these exits in later post). VCs, corporate funds, Chinese EMS majors, crowdfunding and traditional non-technology corporates have joined the IoT investor bandwagon.
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