Building Brand Names: 5 IoT Startups to Look Out for in 2023

Data from the Internet of Things (IoT) is highly valuable, as it could help businesses make informed decisions. It’s why the industry is growing rapidly. The IoT may be able to solve many of today’s mundane but persistent problems. Experts believe the IoT will create up to $12.6 trillion in global economic value by 2030. It’s no wonder many IoT startups receive plenty of funding. 2022 saw the highest average amount of IoT startup capital raised in a decade. Companies pulled in an average $15.9 million, which is a 30% increase from the previous year. With IoT businesses having the potential to make millions in the future, it’s important to take note of the most promising ones. Here are 5 of the best IoT startups to keep an eye on this 2023. 1. Armis Security Armis is a provider of agentless device security and offers products for businesses in the finance, healthcare, retail, and more industries. In 2022, the company launched a solution that secured connected devices on cellular networks . Armis’s services are more relevant than ever in this cybercrime-ridden era. Picture this: there were about 1.5 billion attacks on IoT devices in just the first half of […]

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