Best Internet of Things - Industry Applications Companies in Michigan, United States
The 100 best Internet of Things - Industry Applications companies in Michigan, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Coupa.
Our analysis of 77 Internet of Things - Industry Applications companies
$9.7b in tracked funding; 93% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Internet of Things - Industry Applications companies in Michigan
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Coupa Provider of AI-based simulation and modelling software for supply chains | $56M | 109 mo ago | 510 | 1998 | — | — | 3 patents Integrating e‑commerce shopping and email requisition into business procurement software. | — |
| 2 | MemryX Provider of neural network inference chips | $44M | 13 mo ago | 46 | 2019 | Keith Kressin Chief Executive Officer | WordPressMySQLPHP+22 | 50 patents Patents concentrated in computing, sensing & instrumentation | — |
| 3 | Altair Provider of enterprise software for simulation, data analytics, AI, and HPC | $35M | 35 mo ago | 3,200 3,200 → 2,737 (-14%) | 1985 | Robert Drag Co-Founder | DrupalPHPSalesforce+33 | 17 patents Industrial liquid filtration systems and mounting mechanisms for filter elements | — |
| 4 | Retia Medical Provider of a less-invasive hemodynamic monitoring device | $22M | 47 mo ago | 25 | 2011 | — | WordPressMySQLPHP+27 | — | 1 launch · 1 partnership |
| 5 | Aatmunn Provider of workplace safety and inspection management | $20M | 65 mo ago | 10 | 2014 | Saikat Dey Co-Founder & Chairman | Webflow EcommerceWebflowcore-js+16 | — | — |
| 6 | Fifth Eye Platform providing AI-powered healthcare solutions | $14M | 53 mo ago | 13 | 2017 | Mark Salamango Co-Founder | WordPressMySQLPHP+21 | — | — |
| 7 | Invicara Expert services and open-source solutions for digital twin platform partners | $10M | 101 mo ago | 9 | 2012 | Anand Mecheri Chief Executive Officer | Craft CMSApple iCloud MailPHP+17 | 3 patents Synchronization and aggregation of content across multiple display devices | — |
| 8 | Aethero Manufacturer of space-rated computers and software for data processing applications | $8M | 12 mo ago | — | 2021 | Edward G Co-Founder & CEO | WordPressApple iCloud MailGoogle Workspace+24 | — | — |
| 9 | iRule Universal remote app for wifi enabled devices | $7M | 124 mo ago | 12 | 2009 | — | — | — | — |
| 10 | Livio Radio Designer and manufacturer of audio products primarily for cars | $5M | 155 mo ago | 11 | 2008 | Paul Elsila CEO | — | — | — |
| 11 | Nextek Power Systems Power converter and smart controls acting as rectifier and regulator for improve the efficiency of power usage 8Talent bottom 45%Funding bottom 32%Market bottom 30%Global bottom 29% All 5 signals ▾Talentbottom 45% Fundingbottom 32% Marketbottom 30% Globalbottom 29% Techbottom 19% Talent: 1 named leader on record Funding: Raised $5.1M across 1 rounds · 1 rounds over 14 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 8/100 | $5M | 164 mo ago | 14 | 1995 | Paul Savage CEO | — | — | — |
| 12 | important App-based collison avoidance solutions | $2M | 67 mo ago | 9 | 2018 | — | — | — | — |
| 13 | Avidhrt Developer of device and app for monitoring and managing heart health | $1M | 86 mo ago | 8 | 2018 | — | — | 5 patents Wearable vital-sign monitoring devices and systems for physiological parameter measurement | — |
| 14 | Inductive Intelligence Manufacturer of IoT-powered induction devices for kitchen appliances | $1M | 91 mo ago | 2 | 2017 | Greg Clark Co-Founder | WordPressMySQLPHP+7 | 27 patents Inductive heating integration for smart food packaging and appliance systems | — |
| 15 | Ovid BP Online platform for blood pressure monitoring | $654K | 49 mo ago | 2 | 2017 | Matthew Geiger Co-Founder & Director | — | — | — |
| 16 | MySwimPro Personalized swim coaching platform offering training plans, retreats, and community | $306K | 111 mo ago | 15 | 2014 | Fares Ksebati CEO & Co-Founder | WordPress Block EditorElementorWordPress+25 | — | — |
| 17 | MoxyTech Clinically validated pain communication and analysis tools for healthcare solutions | $300K | 105 mo ago | — | 2015 | Eric Maslowski Co-Founder & CTO | — | — | — |
| 18 | dVentus Smart meters, power generators and motors manufacturer | $280K | 155 mo ago | — | 2005 | — | — | — | — |
| 19 | TheraB Medical Wearable phototherapy technology for infant jaundice treatment, improving care and connection | $150K | 48 mo ago | 2 | 2014 | — | — | — | — |
Top 12 Internet of Things - Industry Applications companies in Michigan
#1
Series B · Ann Arbor, Michigan · founded 2019 · 46 employees$44Mraised▾
Provider of neural network inference chips. It provides energy efficiency and computes density for edge computing, IoT, mobile, and other applications. It applies to manufacturing inspection and failure analysis automation and the development of logistics and warehousing robots.
- May 2025Series B—
- Mar 2025Series B$44M
- May 2021Series A—
#2
Seed · Ann Arbor, Michigan · founded 2021$8.4Mraised▾
Manufacturer of space-rated computers and software for data processing applications. The company designs computing modules for various platforms, including individual, multiple redundant, and distributed configurations. These systems support capturing, processing, and managing data. The company leverages standard architectures, radiation-hardened components, and modern software to provide high-performance computing solutions. The versatile architecture suits autonomous spacecraft operation, machine vision, imagery processing, radio frequency signal processing, and artificial intelligence applications.
- Jun 2025Seed$8.4M
#3
Acquired · Troy, Michigan · founded 1985 · 3200 employees$35.1Mraised▾
Provider of enterprise software for simulation, data analytics, AI, and HPC. Delivers cloud-accessible platforms that converge modeling, simulation, high-performance computing, and analytics to support digital engineering and product development. Offers a unified cloud gateway for accessing design tools, AI workflows, and scalable compute resources. Includes dedicated platforms for low- and no-code data analytics, AI model development, and AI-assisted design and simulation across industries.
- Jul 2023Post IPO$3.4M
- Sep 2021Post IPO$200M
- Jan 2019Grant (prize money)$172.2K
- Jan 2018Grant (prize money)$464.7K
#4
Series B · East Lansing, Michigan · founded 2011 · 25 employees$22Mraised▾
Provider of a less-invasive hemodynamic monitoring device. The patented platform technology behind its monitor was licensed exclusively by Michigan State and MIT. The monitor can be connected to existing radial arterial catheters, processes existing peripheral blood pressure signals to detect changes in CO. It also uses additional non-invasive sensors to help the monitor to maintain its accuracy during severe vasodilation or vasoconstriction.
- Jul 2022Series B$15M
- Aug 2012Series A$7M
- Aug 2012Grant (prize money)$151.4K
#5
Acquired · Ann Arbor, Michigan · founded 2017 · 13 employees$13.9Mraised▾
Platform providing AI-powered healthcare solutions. It develops FDA-cleared AI-driven analytics like the AHI System, which uses a single-lead ECG to continuously monitor and predict hemodynamic instability in adult hospital patients hours ahead of traditional vital signs
- Dec 2021Series A$5.4M
- Mar 2019Series A$11.5M
- Aug 2018Seed$2.4M
#6
Acquired · Ann Arbor, Michigan · founded 1998 · 510 employees$56.1Mraised▾
LLamasoft is a provider of AI-based simulation and modelling software for supply chains. It allows users to create a digital twin of their supply chain. They can run simulation models in order to identify risks and disruptions, enhance planning and response, discover operational insights and track transactions and movements along supply chains. It caters to aerospace, automotive, logistics, FMCG, electronics, oil and gas sectors. Its clients include Walmart, DHL, IKEA and AstraZeneca.
- May 2017Series B—
- Sep 2015Series B$50M
- Oct 2012Series A$6.1M
#7
Series B · Farmington, Michigan · founded 2014 · 10 employees$20Mraised▾
Provider of workplace safety and inspection management. It offer a connected worker platform that provides tools for safety, connectivity, and efficiency management across various sectors. The solutions include real time oversight, proactive risk management, hazardous gas monitoring, health tracking, and field analytics for work environment management. It is a platform that integrates artificial intelligence to manage frontline safety in industrial settings.
- Jan 2021Series B—
- Sep 2018Series A$20M
#8
Acqui-Hired · Detroit, Michigan · founded 2009 · 12 employees$7.1Mraised▾
iRule is a universal remote app for controlling different home devices. iRule allows user to first create their own remote interface by using their web browser build up platform. Using the built remote user can communicate all the devices which are on the home wifi network. Company has developed modules which can be dragged and dropped onto the remote in builder. Some of devices include Nest, Lutron, Philips, Hue, Vera etc.
- Jan 2016Series B$3M
- Jan 2015Series B$2.5M
- Jul 2013Series B$100K
- Mar 2013Series B$1M
#9
Series A · Ann Arbor, Michigan · founded 2012 · 9 employees$10Mraised▾
Expert services and open-source solutions for digital twin platform partners. The company accelerates the ability of partners to deliver transformational solutions on the Twinit platform. It offers a team of SMEs, solution architects, developers, UI/UX specialists, and consultants with deep experience in crafting and delivering solutions. The company builds, manages, and contributes to the open-source community of Twinit developers. It provides pre-sales consulting support, assisting with clarifying use cases, developing solution concepts, and technical strategies. The company offers expertise in the digital twin domain, consulting with clients, discovering use cases, and building technology. It helps partners address challenges in master plan coordination, stakeholder engagement, asset intelligence, decarbonization, occupancy & wellness, and energy optimization. The company provides seamless integration and communication across systems for asset management and maintenance, enabling predictive maintenance and optimization.
- Jan 2018Series A$10M
#10
Funding Raised · Grosse Pointe, Michigan · founded 2017 · 2 employees$653.8Kraised▾
Online platform for blood pressure monitoring. The platform uses the smartphone's camera to diagnose, enables the doctors to remotely monitor and provide treatment plans for blood pressure-related diseases.
- May 2022Conventional Debt$316.1K
- Apr 2021Grant (prize money)$237.7K
- Mar 2019Conventional Debt$100K
#11
Acquired · Ferndale, Michigan · founded 2008 · 11 employees$5.2Mraised▾
Developer of Internet radio devices and smart phone applications. The company provides bluetooth internet radio products for iPhone, android, car audio players, homes and businesses.
#12
Seed · Ann Arbor, Michigan · founded 2018 · 9 employees$2Mraised▾
Important offers an app-based platform for collision avoidance solutions. The app provides alerts form the vehicle, other users, and stop automatically before a collision occurs. Also, it tracks the position and predicts movement to prevent collision with vehicles. It works with car manufacturers and government authorities claim to improve safety. The app is available for both Android and iOS devices.
- Oct 2020Seed$2M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet of Things - Industry Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Iot in Michigan is moving
A read on the academic research around Iot in Michigan — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 102 papers.
Michigan State University and University of Michigan lead optimistic IoT research (mean stance 0.58) focused on edge computing, energy-efficient sensors, and localization, with breakthroughs dominating recent output.
- Michigan State University28
- University of Michigan–Ann Arbor19
- Michigan Technological University13
- University of Michigan–Dearborn9
- Central Michigan University9
- Internet of Things1→17
- Wireless2→7
- Computer security1→4
- Key (lock)1→4
- Cloud computing1→3
- Internet of Things1→11
- Embedded system1→3
- Internet of Things2→4
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.