Radar · Internet of Things Infrastructure in United States
Best Internet of Things Infrastructure Companies in United States
The 1144 best Internet of Things Infrastructure companies in United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ligado.
By Riya SenguptaFinancials
1144companies tracked
$22.7Bdisclosed funding
6unicorns
490have raised
Forget funding headlines for a second. The real story of Internet of Things Infrastructure in the United States is a $3.2B combined revenue pool across just 12 validated filers, with a sector median sitting at $70M and growing at 7% YoY. That's earned revenue, not raised capital. Avery Dennison Corp leads the filers at $2.3B with $168M in net income, which is 24 times the sector median profit figure. Silicon Laboratories Inc. and Iridium Communications Inc. each pulled $23M and $22M in net income respectively, both at 3x the median. So when you're looking at 1,144 tracked companies with $22.7B in total disclosed funding and 6 unicorns, the question worth asking is: how many of them are actually converting infrastructure bets into this kind of earnings discipline?
The funding side tells its own story. Armis tops our directory at $800M raised, Claroty follows at $732M, and both sit inside a sector where 5G rollout, industrial IoT, and 5G base station deployment are the dominant themes pulling capital. I'd note that app install growth across connected-device categories is running at roughly 13% YoY, which signals end-user adoption catching up to the infrastructure buildout. This directory ranks the best Internet of Things Infrastructure companies in the United States by disclosed equity funding and recent momentum, giving you the clearest starting point for sizing up who's actually built to last.
Sources & further reading
- What Will the Smart Home Ecosystem Look Like in 10 Years?
- Skyrover X1 drone: Strong DJI competitor comes with 4K and nine miles of range
- DJI Flip Gives New Drone Pilots a Smooth Start With Real Camera Power
FLIAR INTELLIGENCE · INTERNET OF THINGS INFRASTRUCTURE × UNITED STATES
Our analysis of 50 Internet of Things Infrastructure companies
$10.3b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
83%cloud-native stacks
2025funding peak (by rounds)
4unicorns
2015median founding year
1.8Mcombined LinkedIn audience
72%of audience held by top 3
5companies hiring publicly (12 mo)
Ranked: Best Internet of Things Infrastructure companies in United States
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ligado Operator of mobile satellite services and private network communications solutions 55Product top 21%Funding top 29%Innovation top 34%Global top 38% All 10 signals ▾Producttop 21% Fundingtop 29% Innovationtop 34% Globaltop 38% Talenttop 38% Moattop 48% Markettop 50% Techbottom 47% Growthbottom 41% Newsbottom 24% Product: 9 distinct product lines · Company stage: Series E Funding: Raised $4.2B across 4 rounds · 4 rounds over 16 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $4.2B | 67 mo ago | 70 | Philip Falcone Founder | WordPressMySQLPHP+18 | — | — | — |
| 2 | Micron Manufacturer of memory and storage solutions for various applications 94Fin. health top 12%Market top 15%Patents top 16%Tech top 20% All 14 signals ▾Fin. healthtop 12% Markettop 15% Patentstop 16% Techtop 20% Moattop 21% Fundingtop 23% Globaltop 25% Innovationtop 26% Talenttop 28% Growthtop 31% Newstop 36% Partnerstop 37% Producttop 38% Customersbottom 36% Fin. health: Revenue ~$37.4B (FY2023) · Net margin 57.8% Market: 9,865 employees (top 4% of Semiconductors) · Revenue ~$37.4B rank vs industry peers · Fliar Intelligence Index 94/100 | $1.3B | 18 mo ago | 9,865 | Robert Switz Chairman of Board | Cart FunctionalityDrupalPHP+28 | 103 signals Earnings · Capital raise · Announcements | 68,173 patents 3D NAND memory structures, hybrid bonding, and advanced semiconductor packaging technologies | 2 partnerships |
| 3 | Armis 🦄 Provider of a wireless security platform for IoT applications 74Funding top 15%Tech top 21%Product top 26%Growth top 34% All 11 signals ▾Fundingtop 15% Techtop 21% Producttop 26% Growthtop 34% Talenttop 35% Markettop 36% Moattop 39% Newstop 47% Globalbottom 47% Innovationbottom 39% Patentsbottom 31% Funding: Raised $800M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) Tech: 61 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Ses rank vs industry peers · Fliar Intelligence Index 74/100 | $800M | 7 mo ago | 500 | Yevgeny Dibrov Co-Founder & CEO | WordPressApple iCloud MailMySQL+37 | 3 signals ▲50% Funding · M&A | 2 patents Cybersecurity threat mitigation and wireless device vulnerability detection | 4 launchs |
| 4 | Claroty 🦄 Provider of cyber-physical system security solutions for industrial and commercial sectors 84Funding top 14%Tech top 22%Talent top 22%Moat top 26% All 11 signals ▾Fundingtop 14% Techtop 22% Talenttop 22% Moattop 26% Markettop 30% Newstop 30% Globaltop 34% Producttop 38% Innovationtop 39% Growthtop 40% Partnerstop 45% Funding: Raised $732M across 6 rounds · 6 rounds over 10 yrs (0.6/yr) Tech: 51 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 84/100 | $732M | 4 mo ago | 500 | Galina Antova Co-Founder | StatamicSentryApple iCloud Mail+31 | 9 signals ▼18% Leadership · Funding | — | 1 launch |
| 5 | Silicon Labs Developer of wireless and non-wireless technologies, software, tools, and services 84Market top 17%Funding top 22%Tech top 26%Talent top 28% All 14 signals ▾Markettop 17% Fundingtop 22% Techtop 26% Talenttop 28% Globaltop 31% Moattop 32% Fin. healthtop 33% Newstop 36% Producttop 36% Patentstop 38% Customerstop 39% Innovationtop 40% Growthtop 46% Partnersbottom 42% Market: 1,846 employees (top 1% of High Tech) · Revenue ~$785M Funding: Raised $523M across 2 rounds · 2 rounds over 6 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 84/100 | $523M | 15 mo ago | 1,846 1,846 → 2,582 (+40%) · sector median +84% | Matt Johnson President and CEO | Adobe Experience ManagerGetFeedbackApple iCloud Mail+33 | 13 signals Earnings · M&A · Announcements | 40 patents Mixed-signal ICs for timing, power management, and wireless communication. | 1 launch · 1 partnership |
| 6 | Ambiq Provider of AI-based system-on-chips for IoT applications 64Funding top 25%Growth top 25%News top 28%Moat top 31% All 10 signals ▾Fundingtop 25% Growthtop 25% Newstop 28% Moattop 31% Markettop 43% AItop 45% Techbottom 49% Fin. healthbottom 45% Talentbottom 40% Globalbottom 39% Funding: Raised $288M across 19 rounds · 19 rounds over 16 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 64/100 | $288M | 33 mo ago | 250 | Scott Hanson Founder & CTO | WordPressApple iCloud MailMicrosoft 365+17 | 15 signals ▲1400% IPO · Earnings · Funding | — | 6 job openings |
| 7 | Keyfactor 🦄 Provider of digital trust, PKI, certificate automation, and crypto management solutions 74Funding top 24%Tech top 25%Moat top 28%Market top 35% All 10 signals ▾Fundingtop 24% Techtop 25% Moattop 28% Markettop 35% Patentstop 39% Talenttop 39% Innovationtop 42% Globaltop 42% Growthtop 45% Newsbottom 45% Funding: Raised $218M across 8 rounds · 8 rounds over 12 yrs (0.7/yr) Tech: 75 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 74/100 | $218M | 31 mo ago | 258 258 → 579 (+124%) · sector median +84% | — | WordPressSentryZendesk+58 | — | 15 patents Hardware security personalization and cloud-based PKI certificate authority management | 1 award |
| 8 | Seeq Industrial data analytics solutions provider 74AI top 15%Funding top 22%Tech top 28%Product top 34% All 12 signals ▾AItop 15% Fundingtop 22% Techtop 28% Producttop 34% Moattop 35% Talenttop 42% Growthtop 43% Patentstop 44% Innovationtop 46% Markettop 48% Globalbottom 43% Newsbottom 29% AI: Holds AI/ML patents (G06N-family CPC) Funding: Raised $198M across 9 rounds · 9 rounds over 13 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 74/100 | $198M | 22 mo ago | 138 138 → 307 (+122%) · sector median +84% | Brian Parsonnet Co-Founder & CTO | SentrySalesforceHeadless UI+22 | — | 5 patents Industrial process analytics: time-series visualization, multivariate analysis, streaming computation, data integration. | — |
| 9 | Everactive Developer of self-powered chips for wireless ambient Internet of Things devices 64Funding top 21%Moat top 21%Patents top 26%Innovation top 27% All 9 signals ▾Fundingtop 21% Moattop 21% Patentstop 26% Innovationtop 27% Growthtop 31% Techtop 45% Talentbottom 49% Marketbottom 43% Globalbottom 39% Funding: Raised $160M across 11 rounds · 11 rounds over 14 yrs (0.8/yr) Moat: Editorial + unicorn rating 8/10 · IP moat: 51 patents rank vs industry peers · Fliar Intelligence Index 64/100 | $160M | 21 mo ago | 91 | David Wentzloff Co-founder and Co-CTO | WordPressApple iCloud MailGoogle Workspace+22 | — | 51 patents Patents concentrated in mechanical & energy engineering | — |
| 10 | Skylo Provider of satellite connectivity for sensor data, SMS, and voice calls 48Talent top 28%Funding top 30%Growth top 35%Moat top 35% All 10 signals ▾Talenttop 28% Fundingtop 30% Growthtop 35% Moattop 35% Techbottom 49% Patentsbottom 48% Innovationbottom 45% Globalbottom 44% Marketbottom 30% Newsbottom 21% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $153M across 4 rounds · 4 rounds over 9 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $153M | 15 mo ago | 24 | Tarun Gupta Co-Founder | Webflow EcommerceWebflowThree.js+28 | — | 3 patents Integrated satellite‑terrestrial communication channel coordination and access management | 2 partnerships |
| 11 | Uhnder Provider of low-power consuming chips for IoT applications 32Moat top 19%Funding top 28%Patents top 33%Innovation top 36% All 11 signals ▾Moattop 19% Fundingtop 28% Patentstop 33% Innovationtop 36% Producttop 37% Talentbottom 49% Globalbottom 44% Marketbottom 42% Techbottom 38% Newsbottom 27% Growthbottom 18% Moat: Editorial + unicorn rating 8/10 · IP moat: 169 patents Funding: Raised $145M across 2 rounds · 2 rounds over 9 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 32/100 | $145M | 27 mo ago | 81 | Manju Hegde Co-Founder & CEO | ExpressionEnginePHPCodeIgniter+13 | — | 169 patents Digital millimeter-wave MIMO radar for automotive, focusing on multi-chip sync, calibration, and interference mitigation. | — |
| 12 | Crossbar Non-volatile RRAM memory technology 42Moat top 19%Funding top 26%Patents top 27%Innovation top 33% All 7 signals ▾Moattop 19% Fundingtop 26% Patentstop 27% Innovationtop 33% Marketbottom 46% Globalbottom 43% Techbottom 15% Moat: Editorial + unicorn rating 8/10 · IP moat: 561 patents Funding: Raised $136M across 7 rounds · 7 rounds over 14 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $136M | 31 mo ago | 57 | — | — | — | 561 patents Secure hardware crypto wallets and PUF‑based authentication using RRAM memory. | — |
| 13 | Celona Cloud-based wifi infrastructure connectivity management software provider 67Innovation top 18%Tech top 20%Patents top 21%Moat top 26% All 11 signals ▾Innovationtop 18% Techtop 20% Patentstop 21% Moattop 26% Fundingtop 28% Talenttop 28% Newstop 31% Producttop 45% Marketbottom 47% Globalbottom 42% Growthbottom 35% Innovation: 183 patents (top 12% of patent-holders) · 155 filings since 2022 vs 28 in 2017-21 Tech: 55 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses rank vs industry peers · Fliar Intelligence Index 67/100 | $135M | 28 mo ago | 110 | Ravi Mulam Co-Founder | WebflowApple iCloud MailSalesforce+37 | 3 signals Layoffs | 183 patents Enterprise private cellular network slicing, credential management, and dynamic network optimization. | 1 launch |
| 14 | Cornami Provider of AI-powered microprocessors for parallel computing applications 76Growth top 13%Funding top 19%AI top 26%Moat top 28% All 9 signals ▾Growthtop 13% Fundingtop 19% AItop 26% Moattop 28% Innovationtop 30% Patentstop 30% Globalbottom 42% Marketbottom 38% Techbottom 34% Growth: Headcount 15 → 36 (+140%) across vintages · Fresh capital in last 24 mo Funding: Raised $133M across 15 rounds · 15 rounds over 14 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 76/100 | $133M | 10 mo ago | 36 36 → 39 (+8%) · sector median +84% | — | — | — | 95 patents Hardware acceleration for homomorphic encryption and secure parallel processing architectures | — |
| 15 | Particle Developer of a prototype to production connectivity platform for IoT 55Tech top 23%Funding top 24%Customers top 24%News top 30% All 12 signals ▾Techtop 23% Fundingtop 24% Customerstop 24% Newstop 30% Moattop 35% Growthtop 40% Producttop 47% Talentbottom 49% Marketbottom 47% Patentsbottom 39% Globalbottom 39% Innovationbottom 35% Tech: 67 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Funding: Raised $130M across 8 rounds · 8 rounds over 12 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $130M | 15 mo ago | 109 109 → 110 (+1%) · sector median +84% | Zach Supalla Co-Founder & CEO | Cart FunctionalityShopifyApple iCloud Mail+31 | 4 signals M&A · Funding | 5 patents Pharma skin‑inflammation formulations, audio speaker hardware, VR headset devices, graphic‑design software. | 1 launch |
| 16 | Atmosic Developer of Bluetooth modules for short-range wireless communication applications 69Innovation top 23%Funding top 25%Product top 29%Moat top 31% All 9 signals ▾Innovationtop 23% Fundingtop 25% Producttop 29% Moattop 31% Growthtop 32% Talenttop 35% Techtop 42% Marketbottom 44% Globalbottom 32% Innovation: 5 product lines · Deep-tech classification: Tech Hardware Funding: Raised $122M across 3 rounds · 3 rounds over 9 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $122M | 15 mo ago | 80 | David Su Co Founder | WordPressMySQLPHP+26 | — | — | — |
| 17 | Shift5 Platform for intrusion detection and prevention 69Funding top 20%Growth top 26%Moat top 28%Tech top 29% All 10 signals ▾Fundingtop 20% Growthtop 26% Moattop 28% Techtop 29% Patentstop 29% Innovationtop 34% Talentbottom 49% Marketbottom 42% Newsbottom 42% Globalbottom 42% Funding: Raised $108M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) Growth: Headcount 45 → 75 (+67%) across vintages · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 69/100 | $108M | 9 mo ago | 75 75 → 148 (+97%) · sector median +84% | Josh Lospinoso CEO | WordPressApple iCloud MailGoogle Workspace+42 | — | 23 patents Industrial control system cybersecurity: firmware integrity, bus intrusion detection, GNSS spoofing protection. | 3 partnerships |
| 18 | MaintainX 🦄 Provider of a platform for maintenance and operations management solutions 78Funding top 21%Customers top 22%Tech top 23%Moat top 28% All 11 signals ▾Fundingtop 21% Customerstop 22% Techtop 23% Moattop 28% Markettop 34% Newstop 34% Growthtop 35% Producttop 43% Patentstop 44% Innovationtop 48% Globalbottom 49% Funding: Raised $104M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) Customers: Play-Store rating 4.65★ across 5,262 ratings (1 apps) · Review volume +20% in 6 mo rank vs industry peers · Fliar Intelligence Index 78/100 | $104M | 14 mo ago | 187 | — | Amazon WebstoreWebflowSentry+36 | 3 signals Funding · Capital raise | 7 patents AI-driven predictive maintenance and data standardization for industrial asset management | — |
| 19 | Eclypsium Provider of supply chain security platform for IT infrastructure components 55News top 19%Funding top 21%Growth top 25%Product top 25% All 11 signals ▾Newstop 19% Fundingtop 21% Growthtop 25% Producttop 25% Talenttop 38% Moattop 41% Innovationtop 49% Patentsbottom 47% Techbottom 46% Globalbottom 39% Marketbottom 35% News: 8 BI events in 12 mo (of 18 tracked, 3 types) · +167% YoY Funding: Raised $81.8M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $82M | 3 mo ago | 25 | Alex Bazhaniuk Co-Founder and CTO | WordPressMySQLPHP+21 | 8 signals ▲167% Funding · Capital raise | 3 patents Hardware/firmware security monitoring and integrity verification for computing devices | 1 launch |
| 20 | Xage Security Provider of a blockchain based security platform for IoT applications 55Talent top 22%Funding top 23%Moat top 28%Growth top 41% All 10 signals ▾Talenttop 22% Fundingtop 23% Moattop 28% Growthtop 41% Innovationtop 49% Patentstop 50% Techbottom 49% Marketbottom 40% Globalbottom 39% Newsbottom 28% Talent: Analyst team rating 5/5 · 3 named leaders on record Funding: Raised $80.0M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $80M | 6 mo ago | 44 | Susanto Irwan Co-founder | WordPress Block EditorwpBakeryWordPress+23 | — | 37 patents Identity-centric zero-trust security using distributed ledgers for OT and data protection | — |
| 21 | Hubble Provider of Bluetooth connectivity solutions for global Internet of Things devices 57Funding top 26%Tech top 29%Moat top 30%Talent top 38% All 9 signals ▾Fundingtop 26% Techtop 29% Moattop 30% Talenttop 38% Innovationtop 39% Producttop 46% Patentstop 47% Globalbottom 43% Marketbottom 37% Funding: Raised $70.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Tech: 39 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 57/100 | $70M | 7 mo ago | — | Ben Wild Co-Founder & CTO | WebflowVimeoAmazon Web Services+25 | — | 20 patents Electrical safety and control components for lighting and power distribution systems | 1 partnership · 1 award |
| 22 | Omni Design Technologies Ultra low power semiconductor IP cores 45Funding top 24%Tech top 34%Patents top 34%Talent top 35% All 9 signals ▾Fundingtop 24% Techtop 34% Patentstop 34% Talenttop 35% Moattop 36% Growthtop 45% Innovationtop 46% Globalbottom 40% Marketbottom 20% Funding: Raised $69.3M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) Tech: 30 technologies across 5/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 45/100 | $69M | 9 mo ago | 5 | Kush Gulati Co-founder | WordPressMySQLPHP+18 | — | 44 patents High‑speed, jitter‑tolerant ADCs with ML calibration and latchup/clock protection | 2 job openings |
| 23 | Sateliot Operator of a narrowband IoT network using satellite connectivity 48Funding top 18%Talent top 38%Tech top 40%Moat top 42% All 8 signals ▾Fundingtop 18% Talenttop 38% Techtop 40% Moattop 42% Growthbottom 47% Globalbottom 38% Marketbottom 37% Newsbottom 35% Funding: Raised $66.9M across 10 rounds · 10 rounds over 5 yrs (2.0/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 48/100 | $67M | 2 mo ago | 34 | Albert Gurgui Co-Founder & CIO | WordPressPleskMySQL+27 | 3 signals ▼83% Funding | — | — |
| 24 | 75F Provider of IoT-based building energy management systems 53Tech top 26%Funding top 33%Moat top 36%Growth top 40% All 11 signals ▾Techtop 26% Fundingtop 33% Moattop 36% Growthtop 40% Producttop 40% Marketbottom 49% Talentbottom 49% Globalbottom 45% Fin. healthbottom 41% Customersbottom 30% Newsbottom 21% Tech: 40 technologies across 6/8 capability areas · Cloud: Cloudflare, Netlify Funding: Raised $36.3M across 10 rounds · 10 rounds over 12 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | $36M | 16 mo ago | 175 | Deepinder Singh Co-Founder & CEO | DatoCMSSentryApple iCloud Mail+23 | — | — | 1 partnership · 1 expansion |
| 25 | Finwave Provider of 5G/6G network application services 16Funding top 29%Talent top 38%Global bottom 37%Tech bottom 29% All 6 signals ▾Fundingtop 29% Talenttop 38% Globalbottom 37% Techbottom 29% Newsbottom 21% Marketbottom 18% Funding: Raised $33.3M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 16/100 | $33M | 14 mo ago | 7 | Tomas Palacios Co-Founder | WordPressMySQLPHP+18 | — | — | — |
| 26 | Blues Provider of technical solutions for various industries, specializing in cellular-related problems 50Funding top 27%Tech top 28%Growth top 35%News top 45% All 10 signals ▾Fundingtop 27% Techtop 28% Growthtop 35% Newstop 45% Moatbottom 49% Talentbottom 49% Patentsbottom 48% Innovationbottom 45% Globalbottom 40% Marketbottom 34% Funding: Raised $32.0M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) Tech: 77 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 50/100 | $32M | 11 mo ago | — | Ray Ozzie Founder & CEO | Cart FunctionalityShopifyYouTube+42 | 3 signals ▲50% Funding | 17 patents Modular hardware platforms enabling seamless IoT device-to-cloud data connectivity | 1 launch |
| 27 | Tego RF connectivity based chips 53Moat top 21%Growth top 35%Tech top 35%Patents top 35% All 10 signals ▾Moattop 21% Growthtop 35% Techtop 35% Patentstop 35% Fundingtop 36% Producttop 36% Innovationtop 38% Talenttop 38% Globalbottom 45% Marketbottom 22% Moat: Editorial + unicorn rating 7/10 · IP moat: 114 patents Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 53/100 | $30M | 16 mo ago | 12 12 → 25 (+108%) · sector median +84% | Su Ahmad VP & Co-founder | WordPressMySQLPHP+24 | — | 114 patents RFID tag firmware enabling IoT connectivity and asset intelligence platforms | — |
| 28 | Aeris Platform offering IoT solutions including connectivity, security, and device management 57Funding top 30%Product top 30%Tech top 31%Partners top 34% All 12 signals ▾Fundingtop 30% Producttop 30% Techtop 31% Partnerstop 34% Newstop 35% Moattop 41% Markettop 45% Growthtop 45% Globalbottom 49% Talentbottom 49% Innovationbottom 47% Patentsbottom 43% Funding: Raised $30.0M across 2 rounds · 2 rounds over 28 yrs (0.1/yr) Product: 2 product launch events in 12 mo, 3 the year before · 9 distinct product lines rank vs industry peers · Fliar Intelligence Index 57/100 | $30M | 6 mo ago | 135 | Marc Jones Chairman & CEO | WordPressSentryMySQL+34 | 5 signals ▼17% New product · Funding · Announcements | 5 patents Patents concentrated in health & consumer products | — |
| 29 | Teal Communications Provider of network orchestration service and eSIM for IoT connectivity 45Growth top 35%Talent top 38%Funding top 39%Moat top 39% All 8 signals ▾Growthtop 35% Talenttop 38% Fundingtop 39% Moattop 39% Techtop 43% Marketbottom 32% Globalbottom 32% Newsbottom 18% Growth: Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 45/100 | $26M | 10 mo ago | 26 26 → 55 (+112%) · sector median +84% | Robby Hamblet Co-Founder & CEO | WordPressMySQLPHP+42 | — | — | 2 job openings |
| 30 | MagicCube Device security solutions for IoT applications 37Talent top 28%Funding top 31%Growth top 35%Moat top 37% All 11 signals ▾Talenttop 28% Fundingtop 31% Growthtop 35% Moattop 37% Producttop 49% Innovationbottom 44% Patentsbottom 44% Newsbottom 42% Globalbottom 39% Techbottom 32% Marketbottom 23% Talent: Analyst team rating 5/5 · 2 named leaders on record Funding: Raised $25.7M across 5 rounds · 5 rounds over 11 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $26M | 1 mo ago | 15 | Nancy Zayed Co-Founder & Chief Technology Officer | PrismicYouTubeAmazon Web Services+13 | — | 11 patents Patents concentrated in electrical & electronics | — |
| 31 | Fluree Developer of a knowledge graph platform for trusted artificial intelligence 60Growth top 28%Talent top 28%Funding top 35%Tech top 42% All 8 signals ▾Growthtop 28% Talenttop 28% Fundingtop 35% Techtop 42% AItop 45% Globalbottom 32% Marketbottom 28% Newsbottom 27% Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo Talent: Analyst team rating 5/5 · 2 named leaders on record rank vs industry peers · Fliar Intelligence Index 60/100 | $24M | 15 mo ago | 19 | Brian Platz Co-Founder & CEO | Apple iCloud MailGoogle WorkspaceFacebook Login+17 | — | — | 1 launch |
| 32 | MODE Developer of a cloud platform for connected device development 37Talent top 28%Funding top 30%Moat top 37%Growth top 45% All 11 signals ▾Talenttop 28% Fundingtop 30% Moattop 37% Growthtop 45% Producttop 49% Techbottom 46% Innovationbottom 44% Globalbottom 39% Patentsbottom 38% Marketbottom 25% Newsbottom 24% Talent: Analyst team rating 5/5 · 2 named leaders on record Funding: Raised $20.0M across 6 rounds · 6 rounds over 11 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $20M | 1 mo ago | 9 | Gaku Ueda Co-Founder & CEO | HubSpot CMS HubAtlassian StatuspageAmazon Web Services+19 | — | 18 patents High-performance software-defined networking core infrastructure and routing optimization | — |
| 33 | Eridan Provider of a wireless transceiver 32Funding top 35%Tech top 43%Talent bottom 49%Growth bottom 42% All 8 signals ▾Fundingtop 35% Techtop 43% Talentbottom 49% Growthbottom 42% Moatbottom 38% Marketbottom 37% Globalbottom 32% Newsbottom 18% Funding: Raised $15.1M across 5 rounds · 5 rounds over 13 yrs (0.4/yr) Tech: 29 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 32/100 | $15M | 17 mo ago | 43 | Earl McCune Co-Founder & CTO | WordPressMySQLPHP+26 | — | — | 1 job opening · 3 partnerships · 1 expansion |
| 34 | Mapped Provider of AI-powered data platform for IoT applications 57Moat top 25%Funding top 30%Patents top 31%Innovation top 32% All 11 signals ▾Moattop 25% Fundingtop 30% Patentstop 31% Innovationtop 32% Growthtop 35% Techtop 42% AItop 45% Producttop 49% Globalbottom 37% Marketbottom 22% Newsbottom 22% Moat: Editorial + unicorn rating 7/10 · IP moat: 31 patents Funding: Raised $14.8M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $15M | 11 mo ago | 12 | — | ContentstackApple iCloud MailNode.js+20 | — | 31 patents Patents concentrated in computing, sensing & instrumentation | — |
| 35 | NetRise Provider of software supply chain security solutions analyzing compiled binary code 13Funding top 39%Moat top 41%Tech bottom 48%Product bottom 45% All 10 signals ▾Fundingtop 39% Moattop 41% Techbottom 48% Productbottom 45% Patentsbottom 41% Growthbottom 40% Globalbottom 36% Marketbottom 26% Innovationbottom 23% Newsbottom 21% Funding: Raised $14.8M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) Moat: Editorial + unicorn rating 7/10 · IP moat: 2 patents rank vs industry peers · Fliar Intelligence Index 13/100 | $15M | 17 mo ago | 7 | — | HubSpot CMS HubGSAPSwiper+21 | — | 2 patents Automated ML-driven identification and classification of software components for reuse | 1 partnership |
| 36 | Kigen Provider of eSIM and iSIM solutions for connected devices 62Talent top 28%Growth top 35%Funding top 36%Tech top 43% All 9 signals ▾Talenttop 28% Growthtop 35% Fundingtop 36% Techtop 43% Marketbottom 48% Globalbottom 43% Productbottom 39% Moatbottom 38% Newsbottom 21% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 62/100 | $13M | 1 mo ago | 175 | John Page Co-Founder & General Counsel | WordPress Block EditorWordPressApple iCloud Mail+24 | — | — | 1 partnership |
| 37 | Swarm Engineering Developer of an AI platform for operational decision-making and automation 21Talent top 38%Funding top 46%Global bottom 37%Market bottom 33% All 6 signals ▾Talenttop 38% Fundingtop 46% Globalbottom 37% Marketbottom 33% Techbottom 29% Newsbottom 18% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $12.7M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 21/100 | $13M | 19 mo ago | 24 | Anthony Howcroft CEO | — | — | — | — |
| 38 | SkyMirr IoT communication devices 19Talent top 38%Innovation top 47%Patents top 49%Funding bottom 48% All 8 signals ▾Talenttop 38% Innovationtop 47% Patentstop 49% Fundingbottom 48% Globalbottom 37% Techbottom 29% Marketbottom 18% Newsbottom 18% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Innovation: 4 patents (top 86% of patent-holders) · 4 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 19/100 | $7M | 15 mo ago | 9 | Kerry Greer Co-Founder and Chief Revenue Officer | WordPressMySQLPHP+18 | — | 4 patents Miniaturized, multi-layer coupled antenna systems for compact RF communications, including AI-optimized designs. | 1 launch |
| 39 | Conserv Provider of AI and SaaS-driven environmental monitoring sensors for organizations 48Growth top 35%Funding top 38%Tech top 45%AI top 45% All 8 signals ▾Growthtop 35% Fundingtop 38% Techtop 45% AItop 45% Talentbottom 49% Productbottom 48% Globalbottom 32% Marketbottom 28% Growth: Fresh capital in last 24 mo Funding: Raised $5.8M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $6M | 7 mo ago | 20 20 → 34 (+70%) · sector median +84% | Austin Senseman Founder & CEO | WordPressMySQLPHP+27 | — | — | 2 launchs · 1 partnership |
| 40 | Axzon Provider of cloud and IoT-enabled asset tracking solutions for multiple industries 45Innovation top 27%Growth top 28%Funding top 40%Product top 48% All 8 signals ▾Innovationtop 27% Growthtop 28% Fundingtop 40% Producttop 48% Talentbottom 49% Techbottom 41% Globalbottom 29% Marketbottom 20% Innovation: 3 product lines · Deep-tech classification: Tech Hardware Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 45/100 | $6M | 3 mo ago | 3 | Bruno Salvador Leano CEO | YouTubeBootstrapAmazon Web Services+8 | — | — | 1 launch |
| 41 | Focus Universal Developer of sensory data logging technology, IoT products, and services 24Patents top 23%Innovation top 25%Moat top 25%Product top 35% All 12 signals ▾Patentstop 23% Innovationtop 25% Moattop 25% Producttop 35% Fundingtop 41% Talenttop 41% Techbottom 49% Newsbottom 38% Globalbottom 36% Marketbottom 27% Growthbottom 26% Fin. healthbottom 16% Patents: 36 patents matched (strict assignee match) · 35 filings since 2022 vs 1 in 2017-21 Innovation: 36 patents (top 38% of patent-holders) · 35 filings since 2022 vs 1 in 2017-21 rank vs industry peers · Fliar Intelligence Index 24/100 | $5M | 2 mo ago | 32 | Desheng Wang CEO | WordPress Block EditorBeaver BuilderWordPress+20 | 3 signals ▼62% Funding · Earnings | 36 patents Patents concentrated in electrical & electronics | — |
| 42 | Escape AI-based security systems for cloud applications 64Global top 23%Growth top 35%Funding top 37%Talent top 38% All 9 signals ▾Globaltop 23% Growthtop 35% Fundingtop 37% Talenttop 38% Newstop 44% Techtop 45% AItop 45% Moattop 48% Marketbottom 38% Global: Serving 60+ countries worldwide · Investors from 3 countries beyond United States Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 64/100 | $4M | 3 mo ago | 10 | Antoine Carossio Co-Founder | WebflowApple iCloud MailGoogle Workspace+27 | — | — | 3 launchs |
| 43 | Wi2Wi Provider of a location tracking platform 32Product top 14%Funding top 39%Moat top 45%Growth top 48% All 10 signals ▾Producttop 14% Fundingtop 39% Moattop 45% Growthtop 48% Globalbottom 49% Talentbottom 49% Innovationbottom 45% Marketbottom 40% Patentsbottom 29% Techbottom 23% Product: 9 distinct product lines · Company stage: Public Funding: Raised $2.2M across 4 rounds · 4 rounds over 2 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 32/100 | $2M | 10 mo ago | 45 45 → 27 (-40%) · sector median +84% | Zachariah J Mathews CEO & President | JoomlaPHPBootstrap+7 | — | 3 patents Integrated multi-die IC package reliability via ESD protection and built‑in self‑test/repair | — |
| 44 | RadiusAI Provider of VisionAI technology for retail checkout and loss prevention 67AI top 15%Talent top 28%Growth top 31%Innovation top 34% All 11 signals ▾AItop 15% Talenttop 28% Growthtop 31% Innovationtop 34% Producttop 36% Patentstop 37% Techtop 39% Moattop 45% Fundingbottom 44% Marketbottom 37% Globalbottom 32% AI: Holds AI/ML patents (G06N-family CPC) Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 67/100 | $2M | 1 mo ago | 47 | Aykut Dengi Co-Founder & Co-CEO | Apple iCloud MailMicrosoft 365Tailwind CSS+11 | — | 19 patents Computer vision for retail checkout and visual analytics of people and items | — |
| 45 | Etherdyne Technologies Developer of wire-free power technology for multiple devices and applications 27Patents top 43%Innovation top 44%Funding bottom 49%Talent bottom 49% All 7 signals ▾Patentstop 43% Innovationtop 44% Fundingbottom 49% Talentbottom 49% Techbottom 41% Globalbottom 33% Marketbottom 31% Patents: 22 patents matched (strict assignee match) · 12 filings since 2022 vs 10 in 2017-21 Innovation: 22 patents (top 49% of patent-holders) · 12 filings since 2022 vs 10 in 2017-21 rank vs industry peers · Fliar Intelligence Index 27/100 | $1M | 3 mo ago | — | Robert Moffatt Co-Founder | Cart FunctionalitySquarespace CommerceSquarespace+14 | — | 22 patents Patents concentrated in electrical & electronics | — |
| 46 | CubeWorks Provider of millimeter-scale wireless sensors 14Funding top 43%Talent bottom 49%Global bottom 37%Market bottom 24% All 4 signals ▾Fundingtop 43% Talentbottom 49% Globalbottom 37% Marketbottom 24% Funding: Raised $1.1M across 8 rounds · 8 rounds over 10 yrs (0.8/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 14/100 | $1M | 3 mo ago | 14 | Gyouho Kim Chief Executive Officer | — | — | — | — |
| 47 | Ondas Networks Provider of autonomous systems and private wireless solutions for industries 53Funding top 35%Growth top 42%Tech top 45%AI top 45% All 10 signals ▾Fundingtop 35% Growthtop 42% Techtop 45% AItop 45% Moattop 48% Markettop 49% Talenttop 49% Globalbottom 44% Newsbottom 34% Fin. healthbottom 32% Funding: Raised $825k across 10 rounds · 10 rounds over 11 yrs (0.9/yr) Growth: Headcount 74 → 116 (+57%) across vintages · Revenue -54% YoY rank vs industry peers · Fliar Intelligence Index 53/100 | $825K | 5 mo ago | 116 | Eric Brock CEO | Wix eCommerceWixSentry+15 | — | — | — |
| 48 | Cloneable AI-enabled tools for creating drone software 22Talent top 28%Funding top 50%Tech bottom 43%Product bottom 40% All 6 signals ▾Talenttop 28% Fundingtop 50% Techbottom 43% Productbottom 40% Marketbottom 29% Globalbottom 29% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $750k across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 22/100 | $750K | 4 mo ago | — | Patrick Lohman Co-Founder & Co-CEO | WebflowSendgridGoogle Workspace+11 | — | — | 1 launch |
| 49 | Congruent Developer of radar technology and generative simulator for end-to-end autonomy 60Funding top 44%Talent top 45%Global bottom 48% All 3 signals ▾Fundingtop 44% Talenttop 45% Globalbottom 48% Funding: Raised $500k across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Talent: 2 named leaders on record rank vs industry peers · Fliar Intelligence Index 60/100 | $500K | 5 mo ago | — | Clement Barthes Co-Founder & CEO | — | — | — | 1 launch |
| 50 | Whisker Labs Provider of sensor hardware and software infrastructure 55Customers top 18%Growth top 26%Patents top 37%Moat top 38% All 10 signals ▾Customerstop 18% Growthtop 26% Patentstop 37% Moattop 38% Producttop 42% Innovationtop 43% Fundingtop 46% Techtop 50% Globalbottom 40% Marketbottom 37% Customers: Play-Store rating 4.74★ across 7,082 ratings (1 apps) · Review volume +37% in 6 mo Growth: Headcount 26 → 43 (+65%) across vintages · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 55/100 | $250K | 1 mo ago | 43 | — | WordPressApple iCloud MailMicrosoft 365+27 | — | 37 patents Early detection of electrical faults and power quality anomalies in wiring systems | — |
Top 12 Internet of Things Infrastructure companies in United States
#1
Claroty 🦄Series F · New York, New York · founded 2015 · 500 employees$732Mraised▾
Claroty 🦄
Series F · New York, New York · founded 2015 · 500 employees
Provider of cyber-physical system security solutions for industrial and commercial sectors. The platform offers asset inventory, exposure management, network protection, secure access, and threat detection. It caters to industrial, healthcare, commercial, and public sector environments. The company provides vulnerability and threat research to customers and cyber-physical network defenders.
Fliar Intelligence Index™ 84how this company ranks against its industry peers
Funding
top 14%Tech
top 22%Talent
top 22%Moat
top 26%Market
top 30%News
top 30%Funding: Raised $732M across 6 rounds · 6 rounds over 10 yrs (0.6/yr) · Last round Series F (Jan 2026)
Tech: 51 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Devops: Nginx, Varnish
Talent: Analyst team rating 5/5 · 4 named leaders on record · 4 C-suite/founder profiles curated
Audience (LinkedIn): 66k LinkedIn followers — 3.6% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Jan 2026Series F$150M
- Mar 2024Series E$100M
- Dec 2021Series E$400M
- Jun 2021Series D$140M
Founders & team
Investors
BMW i Ventures, Bessemer Venture Partners, Team8, Rockwell Automation, Siemens, Standard Industries
Tech stack
6SenseAdobe Audience ManagerAlpine.JsAmazon Web ServicesAngularApple Icloud Mail
#2
Armis 🦄Acquired · San Francisco, California · founded 2015 · 500 employees$800Mraised▾
Armis 🦄
Acquired · San Francisco, California · founded 2015 · 500 employees
Provider of a wireless security platform for IoT applications. Offers an early stage wireless security platform focused on IoT security in an organization. The solution delivers continuous visibility and control over wireless communications, devices, and data.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Funding
top 15%Tech
top 21%Product
top 26%Growth
top 34%Talent
top 35%Market
top 36%Funding: Raised $800M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) · Last round Series E (Nov 2025)
Tech: 61 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Ses · Observability: Microsoft Clarity, Sentry
Product: 4 distinct product lines · Company stage: Acquired
Audience (LinkedIn): 70k LinkedIn followers — 3.9% of this cohort's audience
Activity (LinkedIn): 4 product launches announced in 12 mo
Funding rounds
- Nov 2025Series E$435M
- Oct 2024Series D$200M
- Nov 2021Series D$300M
- Feb 2021Series C$125M
Founders & team
Investors
One Equity Partners, Georgian, Brookfield Asset Management, Insight Partners, Red Dot, CapitalG
Tech stack
Amazon SesAmazon Web ServicesApple Icloud MailCdnjsCloudflareCloudflare Bot Management
#3
Series C · San Diego, California · founded 2018 · 34 employees$66.9Mraised▾
Series C · San Diego, California · founded 2018 · 34 employees
Operator of a narrowband IoT network using satellite connectivity. The company provides network access for connecting IoT devices in remote areas. It offers services to enhance IoT solutions for various applications. The company focuses on enabling connectivity through its satellite constellation. It aims to support informed decision-making in strategic and regulatory challenges.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 18%Talent
top 38%Tech
top 40%Moat
top 42%Growth
bottom 47%Global
bottom 38%Funding: Raised $66.9M across 10 rounds · 10 rounds over 5 yrs (2.0/yr) · Last round Series C (Apr 2026)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Tech: 42 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Devops: Nginx
Audience (LinkedIn): 29k LinkedIn followers
Funding rounds
- Mar 2025Conventional Debt$15M
- Mar 2025Series B$10.8M
- Dec 2024Conventional Debt$31.5M
- Sep 2024Series B$33.5M
Founders & team
Investors
SEPIDES, EvoNexus, Seraphim, GateHouse, Indra, Cellnex
Tech stack
Amazon Web ServicesCloudflare TurnstileComplianzContact Form 7Core-JsElementor
#4
Series C · San Francisco, California · founded 2017 · 25 employees$81.8Mraised▾
Series C · San Francisco, California · founded 2017 · 25 employees
Provider of supply chain security platform for IT infrastructure components. The platform delivers inventory, vulnerability management, and threat detection at the component level. It hardens environments by remediating vulnerabilities in hardware and firmware components. The platform detects threats that evade endpoint detection and response. It enriches existing systems with component-level inventory, vulnerability, and threat data. The platform speeds up responses to supply chain incidents. It assists in meeting compliance requirements for firmware integrity.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
News
top 19%Funding
top 21%Growth
top 25%Product
top 25%Talent
top 38%Moat
top 41%News: 8 BI events in 12 mo (of 18 tracked, 3 types) · +167% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $81.8M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) · Last round Series C (Mar 2026)
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 8k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Mar 2026Series C$25M
- Jan 2025Conventional Debt—
- Sep 2024Series C$45M
- Aug 2022Series B$38M
Founders & team
Investors
AV8 Ventures, TransLink Capital, Mindset Ventures, Madrona, Ubiquity Ventures, Oregon Venture Fund
Tech stack
Amazon Web ServicesCloudflareCloudflare Bot ManagementGoogle Font ApiGoogle Tag ManagerGoogle Workspace
#5
Series B · Sunnyvale, California · founded 2014 · 15 employees$25.7Mraised▾
Series B · Sunnyvale, California · founded 2014 · 15 employees
Device security solutions for IoT applications. It provides IoT security solutions for digital transactions on mobile devices which run locally on the device. Secures digital transactions on mobile devices using a patented software-only platform, which is hardware and OS agnostic. Sensitive data exchange is performed via creating a self-contained, secure environment between devices or the cloud. For every transaction processed, the software runs a device integrity check, creates a secure link between secure container and cloud, then performs remote attestation captures screen input and finally sends the encrypted payload to the secure cloud.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Talent
top 28%Funding
top 31%Growth
top 35%Moat
top 37%Product
top 49%Innovation
bottom 44%Talent: Analyst team rating 5/5 · 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $25.7M across 5 rounds · 5 rounds over 11 yrs (0.5/yr) · Last round Series B (Apr 2026)
Growth: Fresh capital in last 24 mo
Funding rounds
- Apr 2026Series B$10M
- Jan 2026Series B$10M
- Oct 2021Series B$15M
- May 2020Series A—
Founders & team
Investors
Azure Capital, EPIC Ventures, Visa, Bialla Venture Partners, Bold Capital Partners, Social Starts
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesFancyboxHttp/3Jquery
#6
Series B · San Mateo, California · founded 2014 · 9 employees$20Mraised▾
Series B · San Mateo, California · founded 2014 · 9 employees
Developer of a cloud platform for connected device development. It offers cloud APIs for devices, mobile clients, and application servers. It also offers provides backend services, such as user and device management and secure real-time access control, enabling companies to focus on product development.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Talent
top 28%Funding
top 30%Moat
top 37%Growth
top 45%Product
top 49%Tech
bottom 46%Talent: Analyst team rating 5/5 · 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $20.0M across 6 rounds · 6 rounds over 11 yrs (0.5/yr) · Last round Series B (Apr 2026)
Moat: Editorial + unicorn rating 7/10 · IP moat: 18 patents · 9 curated direct competitors tracked
Funding rounds
- Apr 2026Series B$6.2M
- Feb 2025Series B$5.3M
- Apr 2024Series B$8.8M
- Nov 2022Series A—
Founders & team
Investors
Compound, Kleiner Perkins, Panasonic, SBI Investment, Nifty, True Ventures
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAtlassian StatuspageCloudflareCloudflare Bot Management
#7
Series B · Palo Alto, California · founded 2016 · 44 employees$80Mraised▾
Series B · Palo Alto, California · founded 2016 · 44 employees
Provider of a blockchain based security platform for IoT applications. The software is deployed in nodes, which are a combination of industrial endpoints and gateway computers, and collectively form a self healing fabric. The fabric acts as a tamper proof and confidential store of security information. The solution facilitates autonomous operation, credential rotation, access control, and zero touch deployment to deliver the protection required for the industry.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Talent
top 22%Funding
top 23%Moat
top 28%Growth
top 41%Innovation
top 49%Patents
top 50%Talent: Analyst team rating 5/5 · 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $80.0M across 6 rounds · 6 rounds over 8 yrs (0.8/yr) · Last round Series B (Dec 2025)
Moat: Editorial + unicorn rating 8/10 · IP moat: 45 patents · Soonicorn
Audience (LinkedIn): 11k LinkedIn followers
Funding rounds
- Dec 2025Series B$14.8M
- Nov 2023Series B$20M
- May 2022Series B$6M
- Jan 2022Series B$30M
Founders & team
Investors
Aramco Ventures, SCF Partners, Overture, Valor Equity Partners, OurCrowd, March Capital
Tech stack
Anime.JsCloudflareCloudflare Bot ManagementFlickityGoogle Font ApiGoogle Tag Manager
#8
Seed · Cambridge, Massachusetts · founded 2020 · 175 employees$13.4Mraised▾
Seed · Cambridge, Massachusetts · founded 2020 · 175 employees
Provider of eSIM and iSIM solutions for connected devices. It focuses on security-enabled IoT solutions that are designed for scalability. It enables original equipment manufacturers to implement security on leading IoT chipsets and modules, and works with major IoT and LPWAN connectivity providers across more than 200 networks.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Talent
top 28%Growth
top 35%Funding
top 36%Tech
top 43%Market
bottom 48%Global
bottom 43%Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Growth: Fresh capital in last 24 mo
Funding: Raised $13.4M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Venture Debt (Apr 2026)
Audience (LinkedIn): 20k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. Onomondo) announced in 12 mo
Funding rounds
- Apr 2026Venture Debt$13.4M
- Jun 2025Seed—
Founders & team
Investors
SBI Group, Arm, SoftBank, Salica Investments
Tech stack
Apple Icloud MailAutoptimizeCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCloudflare Rocket Loader
#9
Series C · Arlington, Virginia · founded 2018 · 75 employees$108Mraised▾
Series C · Arlington, Virginia · founded 2018 · 75 employees
Platform for intrusion detection and prevention. The platform offers data recorder to collect, enrich, store and transmit embedded data for real-time incident response, and analytics, Shift5 Engine which prevents and detect intrusion by leveraging rule based and model based analytics and Shift Guage Cluster which provides a solution to conduct incident response and preventive maintenance.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 20%Growth
top 26%Moat
top 28%Tech
top 29%Patents
top 29%Innovation
top 34%Funding: Raised $108M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) · Last round Series C (Sep 2025)
Growth: Headcount 45 → 75 (+67%) across vintages · Fresh capital in last 24 mo
Moat: Editorial + unicorn rating 8/10 · IP moat: 23 patents · Soonicorn
Audience (LinkedIn): 11k LinkedIn followers
Activity (LinkedIn): 3 partnerships (incl. Shift5) announced in 12 mo
Funding rounds
- Sep 2025Series C$75M
- Jun 2023Series B$33M
- Feb 2022Series B$50M
- Oct 2021Series A$20M
Founders & team
Investors
Insight Partners, AE Industrial Partners, Boeing, Booz Allen Hamilton, Moore Ventures, JetBlue Technology Ventures
Tech stack
Amazon Web ServicesApple Icloud MailAstroCloudflareCloudflare Bot ManagementDocusign
#10
Series D · Santa Clara, California · founded 2012 · 36 employees$132.9Mraised▾
Series D · Santa Clara, California · founded 2012 · 36 employees
Provider of AI-powered microprocessors for parallel computing applications. Its multi-core technology uses heterogeneous cores in highly concurrent and parallel manners. It accelerates the performance using its TruStream computing as a fabric on its ultra-high core density, ultra-high memory bandwidth data centre chip and reduces latency and power slashing operational costs. It finds applications in fields like big data, machine learning, and finance applications.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Growth
top 13%Funding
top 19%AI
top 26%Moat
top 28%Innovation
top 30%Patents
top 30%Growth: Headcount 15 → 36 (+140%) across vintages · Fresh capital in last 24 mo
Funding: Raised $133M across 15 rounds · 15 rounds over 14 yrs (1.1/yr) · Last round Series D (Jul 2025)
AI: Classified as an AI company · Product described with: ai-powered, machine learning
Audience (LinkedIn): 2k LinkedIn followers
Hiring (LinkedIn): 3 hiring posts in 12 mo (public) · momentum -3 · hiring: High-Speed I/O (HSIO) Post-Silicon Validation Engineer, HSIO Post-Silicon Validation Engineer
Funding rounds
- Jul 2025Series D$1.4M
- Dec 2024Series D$59.9M
- Jul 2024Series C$8.4M
- Apr 2023Series C$13.3M
Investors
Impact Venture Capital, SoftBank Vision Fund, Applied Materials, Octave Ventures, U First Capital, Audacy Ventures
Tech stack
WordpressMysqlPhpAnimate.CssWpbakeryOptinmonster Plugin
#11
Public · Boise, Idaho · founded 1978 · 9865 employees$1.3Braised▾
Public · Boise, Idaho · founded 1978 · 9865 employees
Manufacturer of memory and storage solutions for various applications. The company provides components, modules, and managed NAND for data centers, client PCs, mobile devices, and automotive and industrial sectors. It offers design tools, technical documentation, and software for its products. The company also provides customer and sales support.
Fliar Intelligence Index™ 94how this company ranks against its industry peers
Fin. health
top 12%Market
top 15%Patents
top 16%Tech
top 20%Moat
top 21%Funding
top 23%Fin. health: Revenue ~$37.4B (FY2023) · Net margin 57.8% · Revenue +49% YoY
Market: 9,865 employees (top 4% of Semiconductors) · Revenue ~$37.4B · Top-500,000 web property
Patents: 68,173 patents matched (strict assignee match) · 21647 filings since 2022 vs 19739 in 2017-21 · Latest publication 2026
Audience (LinkedIn): 968k LinkedIn followers — 53.4% of this cohort's audience · 618 engagements/post (28.4× cohort median)
Activity (LinkedIn): 2 partnerships (incl. Bechtel) announced in 12 mo
Funding rounds
- Dec 2024Grant (prize money)$6.2B
Founders & team
Investors
Europa, U.S. Department of Commerce, Bondeinvest.com, Alcor Fund, Orbis Investment Management
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Audience ManagerAdobe Client Data LayerAdobe Experience Manager
#12
Series B · Seattle, Washington · founded 2021$70Mraised▾
Series B · Seattle, Washington · founded 2021
Provider of Bluetooth connectivity solutions for global Internet of Things devices. The company offers a platform for transmitting low-bandwidth data from devices using Bluetooth wireless technology. It delivers visibility across supply chains, fleets, and facilities via a terrestrial network. Satellite connectivity is planned to extend coverage to remote areas, using the same chip. The platform integrates with existing platforms and workflows, with data encrypted end-to-end. It offers an open API and modular SDKs for integration.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Funding
top 26%Tech
top 29%Moat
top 30%Talent
top 38%Innovation
top 39%Product
top 46%Funding: Raised $70.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series B (Oct 2025)
Tech: 39 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Devops: Nginx
Moat: IP moat: 20 patents · Soonicorn
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 partnerships · 1 awards (incl. InPlay Inc) announced in 12 mo
Funding rounds
- Oct 2025Series B$70M
Founders & team
Tech stack
Amazon S3Amazon Web ServicesCloudflareCloudflare Bot ManagementCookieyesCore-Js
Funding & investor landscape
$22.7Btotal disclosed funding
466companies funded
1,416disclosed rounds
5rounds last 90 days
Most active investors
Intel Capital11 rounds
Notable founders
Galina Antova
Co-Founder · Claroty
Benny Porat
Co-Founder · Claroty
Yevgeny Dibrov
Co-Founder & CEO · Armis
Albert Gurgui
Co-Founder & CIO · Sateliot
Jaume Sanpera
Co-Founder & CEO · Sateliot
Alex Bazhaniuk
Co-Founder and CTO · Eclypsium
Yuriy Bulygin
Co-Founder & CEO · Eclypsium
Nancy Zayed
Co-Founder & Chief Technology Officer · MagicCube
Sam Shawki
Co-Founder & CEO · MagicCube
Gaku Ueda
Co-Founder & CEO · MODE
Ethan Kan
Co-Founder & CTO · MODE
Susanto Irwan
Co-founder · Xage Security
Prism market signals · United States · country-scoped Prism corpus, 1,425,932 docs
Market landscape — 10 sub-themes by coverage
Share of Internet of Things Infrastructure coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · United States
How research on Internet of Things is moving in the United States
A read on the academic research around Internet of Things — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 5,209 United States-affiliated papers.
research sentiment over time
200820172026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 34% → 60% across 2008–2026.
top research entities
- Northeastern University115
- ASA College91
- Saint Joseph's College77
- Purdue University West Lafayette72
- Film Independent72
leading researchers
Freederia AI Researcher · Houbing Song · Zhu Han · Mohsen Guizani · Sherali Zeadally · Kim‐Kwang Raymond Choo · Sajal K. Das · Habib M. Ammari
▲
Breakthroughs2,511 · 48%
▲ 42%→50% share
▲1.2× share momentum0 median citations85% since 2021mostly methods-led
Embedded-system breakthroughs are surging — U.S. IoT papers grew from 9 to 159, signaling rapid hardware-layer innovation.
rising sub-themes (early→recent)
- Scalability22→265
- Wireless45→271
- Computer security23→248
- Embedded system9→159
- Wireless sensor network171→318
Newly emergingArtificial neural network 0→112 · Blockchain 0→59 · Feature (linguistics) 0→46
Landmark XORs in the Air: Practical Wireless Network Coding · 2,264 cites
◆
Advancements1,559 · 30%
▲ 27%→31% share
▲1.1× share momentum0 median citations83% since 2021mostly methods-led
Blockchain advancement research newly emerged at 44 papers, indicating fresh applied-security momentum in U.S. IoT advancements.
rising sub-themes (early→recent)
- Computer security9→144
- Key (lock)5→135
- Wireless37→141
- Cloud computing12→106
- Embedded system5→99
Newly emergingBlockchain 0→44 · Health care 0→43 · Artificial neural network 0→42
Landmark Fog computing and its role in the internet of things · 5,906 cites
▼
Concerns750 · 14%
▼ 22%→12% share
▼0.5× share momentum0 median citations68% since 2021mostly reviews
Concern-segment field-share collapsed 22%→12% despite Computer security papers doubling to 96, revealing narrowing but intensifying risk focus.
rising sub-themes (early→recent)
- Key (lock)16→68
- Computer security47→96
- Cloud computing14→59
- Big data9→41
- Software deployment14→39
Newly emergingEmerging technologies 0→20 · Cyber threats 0→11 · Food security 0→10
Landmark Internet of Things in Industries: A Survey · 4,980 cites
RESEARCH HOTSPOTS · United States
Where iot is researched across United States
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Boston181 · +0.62
SF Bay Area104 · +0.53
Los Angeles89 · +0.51
Atlanta77 · +0.55
New York70 · +0.49
Pittsburgh61 · +0.51
Seattle54 · +0.57
Philadelphia49 · +0.58
Ann Arbor36 · +0.63
San Diego35 · +0.59
PATENT SIGNAL · United States
Who's filing iot patents in the United States
United States iot patent filing is cooling — 369,375 filings from 8,000 assignees (2016–2025), led by Qualcomm, IBM, Microsoft; annual filings 39513→23806.
369,375 filings8,000 assigneespeak 43051/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Qualcomm52065
- IBM27045
- Microsoft24234
- Intel18311
- Apple15102
- Google14745
- Cisco10428
- AT & T IP I8075
Common questions
How many Internet of Things Infrastructure companies are there in United States?
Radar tracks 1144 indexable Internet of Things Infrastructure companies headquartered in United States that meet our profile-completeness bar.
What is the total funding raised by Internet of Things Infrastructure companies in United States?
The Internet of Things Infrastructure companies in United States on this list have raised a combined $22.7B in disclosed equity funding across 466 funded companies.
Which is the highest-funded Internet of Things Infrastructure company in United States?
Ligado is the highest-funded Internet of Things Infrastructure company in United States, with $4.2B in disclosed equity funding.
How many Internet of Things Infrastructure companies in United States are funded?
466 of the 1144 Internet of Things Infrastructure companies in United States on this list have disclosed at least one equity funding round.
How many Internet of Things Infrastructure unicorns are there in United States?
6 Internet of Things Infrastructure companies in United States on this list are valued at $1B or more.
Who are the top investors in United States Internet of Things Infrastructure companies?
The most active investors in United States Internet of Things Infrastructure companies on this list include National Science Foundation, Plug and Play Tech Center, OSTI, 5G Open Innovation Lab, Europa.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.