Top Internet of Things Funding and Investments in Q2 2021

Currently, the Internet of Things (IoT) is stabilizing itself in the mainstream business and industry landscape. The world is witnessing a growing indulgence in IoT applications and platforms. This technology has shown consistent growth and has helped fuel the growth of several business organizations. Sensor technology embedded in IoT devices will continue to become cheaper and more advanced than what they are now. Real-time analytics and artificial intelligence continue to grow along with cloud computing and edge computing solutions. Companies will be forced to link their existing tech devices to IoT to ensure they are ahead of the game.

The IoT market is booming and gaining massive amounts of funds. This article presents the top fundings and investment in IoT in 2021.

Ably

Amount Raised: US$70M

Transaction Type: Series B

Key Investor(s): Forward Partners, Triple Point, and others.

Ably provides a suite of APIs to build, extend, and deliver powerful digital experiences to its users in over 80 countries. Big organizations like Bloomberg, HubSpot, and others depend on the company's platform to grow their business and gain data efficiently and in a cost-effective way.

Mapped

Amount raised: US$6.5M

Transaction Type: Seed Fund

Key Investor(s): ANIMO Ventures

Mapped is an AI-powered data infrastructure platform for IoT, empowering the API community. The company focuses on quickly mapping all devices on a network in commercial and industrial IoT environments to simplify the data integration process.

SupPlant

Amount raised: US$10M

Transaction Type: Not specified

Key Investor(s): Smart Argo, and others

SupPlant is one of the world's leading providers of growth-based irrigation technology and products. The company's unique technology can save water on a global scale and improve productivity and sales.

Sentera

Amount Raised: US$25M

Transaction Type: Series C

Key Investor(s): Middleland Capital, S2G Ventures, and others

The company provides services, like analytics and machine learning insights for digital agriculture. Its products use ML, modeling, and data science tools to gather and organize data and quickly turn them into actionable insights.