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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8. Revolv

revolv

What they do: Unifies control of your smart home via a smartphone or tablet app.

Headquarters: Boulder, Colo.

CEO: Tim Enwall, who formerly founded and served as CEO of Tendril, a provider of integrated consumer engagement for energy providers. Prior to Tendril, he founded Solista, a global technology management firm, which was acquired by The Gartner Group in 2000.

Founded: 2012

Funding: Revolv has raised $6.7 million in funding led by the Foundry Group.

Why they're on this list: If your coffee table is like many, it has a half a dozen remote controls sitting on it. Some of these controllers never get used and of the ones that do get used it's pretty much only three or four buttons tops. And that's just for home entertainment.

Seems like it's time to consolidate and simplify, doesn't it?

The best bet for consolidation is the smartphone, which has already become the de facto command-and-control center of our connected lives. As more and more connected home products hit the market, managing them all means either remote control sprawl will worsen until it's akin to kudzu along a southern highway, or we'll consolidate management via smartphones.

There's one problem with this, though: The kudzu-like sprawl may well shift from physical remote controls to apps, since everyone under the sun wants to tie their connected product to a product-specific app.

Consumers, however, are already showing signs of app fatigue and long for simplicity. They are confused by the onslaught of connected products, each with different (often incompatible) wireless technologies and control interfaces.

Revolv intends to solve this issue by unifying consumers' connected devices through one simple app that helps smart home products work together. Revolv was purpose-built to take the complexity out of connecting, controlling and automating a smart home. It also has the capability to automate devices used in daily routines through time, place and sensor triggers. For instance, with its GeoSense technology, Revolv can automatically activate (or shut down) connected devices when the user reaches a certain geo-radius to and from their home.

Revolv incorporates 7 radios in its hub and speaks 10 different wireless languages, giving it the ability to support the most popular brand-name smart devices available today.

Competitive Landscape: The smart home hub is something being tackled by both brand names, such as Staples Connect, and startups, including SmartThings, which was just acquired by Samsung for approximately $200 million.

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