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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9. TempoDB

tempodb

What they do: Provide a cloud-based sensor data analytics backend for IoT and M2M.

Headquarters: Chicago, Ill.

CEO: Andrew Cronk, who previously served as director of product development at Indie Energy, a geothermal technology company, and as CEO of Cameesa, an ecommerce apparel company (now part of Zazzle).

Founded: 2011

Funding: The startup has secured a $4.1 million Series A round from Hyde Park Angels, John Ives, Hyde Park Venture Partners, Divergent Ventures and Chicago Ventures. Prior to that, seed funding was raised from TechStars, Data Collective, John Ives, Jason Seats, Lew Moorman and John Engates.

Why they're on this list: Pretty much every industry has the potential to be revolutionized by sensor analytics -- from real-time monitoring of manufacturing equipment to prevent costly failures to operational analysis of solar arrays to optimize electricity yield to exploratory analysis of medical device data to discover correlations and improve patient outcomes.

The opportunities to reduce cost or increase revenues by leveraging IoT are well-understood, but the challenges in making sense of the data generated by sensors are unlike any big data challenges yet encountered. TempoDB argues that without purpose-built, integrated sensor analytics solutions, businesses will struggle to realize the tremendous promise of a connected and measured world.

TempoDB notes that legacy approaches and generic big data solutions -- from general-purpose open source databases to complicated, expensive on-premise enterprise analytics solutions -- were never designed to provide sensor analytics at scale or in a cloud-native architecture. TempoDB intends to help solve this problem through a sensor analytics backend delivered as a private cloud service. The services makes it simple for users to add sensor analytics to their products or services.

TempoDB provides proprietary real-time sensor data monitoring and analytics engines, which are integrated into its custom data store, to ensure performance and security as users scale up to (potentially) millions of devices and sensors.

Customers: Wattvision, sMeasure, Government of Australia, Cloudability, NinjaBlocks and Signal.

Competitive Landscape: The most direct competition comes from Savi and SensorCloud. TempoDB will also compete with providers of IoT-enablement platforms, such as ThingWorx and Xively, as well as with certain big data providers building out IoT use cases, such as Vertica.

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