All the Money Raised in IoT in 2021

IoT World Today began tracking investment in the Internet of Things last year. Across the board, there was an abundance of funding for IoT-related businesses. 

Innovative startups will be vital to expanding the frontiers of the industry and the participation of corporate investors in many of these deals shows the value of having skin in the game.

Here’s a breakdown of IoT investments we tracked last year:

Claroty raised $400 million in Series E funding that’s expected to expand its enterprise IoT security offering, particularly in health care.

Afero raised $50 million in Series C funding for an operating system designed to provide end-to-end security of IoT communications. The Home Depot was among the investors and has used the tech for its smart home products.

Ayla Networks raised $20 million for a digital twin offering that helps vendors optimize IoT devices using visual analytics and machine learning.

Laminar raised $32 million in Series A funding on its public debut to expand its data security product offering for cloud computing environments.

Fleet Space Technologies raised $26 million in Series B funding to expand its nanosatellite IoT connectivity fleet, bringing its valuation to $126 million.

Monarch Tractor raised $61 million in Series B funding to expand and scale its autonomous smart tractor line into Asia, Europe and South America.

Collibra raised $250 million in Series G funding for its data intelligence platform, in a round doubling its valuation to $5.3 billion.

Viakoo raised $10 million in Series A funding for its IoT system security visibility suite having lured a contribution from Stanley Black & Decker.

Global Processing Service closed more than $300 million in funding for its payments processing technology.

Blockdaemon announced a $155 million Series B investment from backers including SoftBank to drive the expansion of its blockchain infrastructure.

1NCE scored $50 million in financing from investors including Deutsche Telekom and SoftBank for its German IoT network, which is set for international expansion.