10 Hot Internet of Things Startups

As Internet connectivity gets embedded into every aspect of our lives, investors, entrepreneurs and engineers are rushing to cash in. Here are 10 hot startups that are poised to shape the future of the Internet of Things (IoT).

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5. Humavox

humavox

What they do: Create technologies to wirelessly power IoT by using radio frequencies, thus eliminating the need for wires.

Headquarters: Kfar Saba, Israel

CEO: Omri Lachman. Prior to Humavox, Omri launched several startups, including EXACTME! and Boominga.

Founded: 2013

Funding: The company is backed by $5 million in seed funding.

Why they're on this list: Wireless power is a necessity for the Internet of Things, but the current wireless charging solutions already on the market haven't really moved the needle. Mobile devices are increasingly adopting wireless charging technology, but consumers quickly get frustrated by the competing standards and regulations prohibiting their mobile devices from being charged effectively.

This has halted innovation in wireless charging, which Humavox argues is an essential element in IoT adoption.

Humavox's solution is intended to eliminate the need for wires and batteries. The startup claims its platform is able to match the power of a traditional USB cord. In order to convince users to replace the simple, straightforward experience of plugging a USB cord into a device, the alternative must work perfectly and ultimately match the performance of that cord.

To convince users to switch, Humavox allows you to take the guesswork out of powering devices with a solution that can simultaneously charge all powered electronics at once. When a device is placed into the charging space, Humavox's technology initiates a "handshake" that begins the energy transfer. Through the handshake, the smart charging solution is able to identify the devices in the charging station, their specific needs, battery material and charging curve. It provides each device with the most effective charge for its particular needs, and stops automatically once the devices are charged.

Humavox's platform allows manufacturers to implement wireless power in a way that is conducive to the overall user experience of their devices. Manufacturers may choose to create a charging station as simple as a bowl to store and charge several devices, or they could integrate charging into a car cup holder, the case of a wearable device, a hotel safe, or even a toy box.

Because there is no limit to the size of the wireless charging technology or the devices it charges, it can even be used for military purposes such as charging an entire platoon's AR goggles or communication devices in one secure area.

Competitive Landscape: There are three standards for wireless charging today: Qi by the Wireless Power Consortium, The Power Mat Alliance and Rezence by The Alliance for Wireless Power. These competing standards all provide the same type of enablement using the same technological form -- magnetic induction. These standards are supported by the biggest names in tech, many of which have invested billions in wireless power solutions. Yet, despite the lack of widespread consumer adoption, the big players seem locked into dead-end solutions and have been slow to consider alternatives.

If Humavox is able to deliver on all of its claims, it could immediately tap into pent-up demand.

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