THE MONEY RAISED BY IoT IN 2021
Last year in 2021 the world got an investment worth as much as $400 million. All over the world, there was an abundance of funding for IoT related businesses,
New innovative startups are also expanding their participation in investing in the IoT industry.
Here are some of the IoT investments made in 2021:-
They raised $ 400 millions in an E funding series, which expanded its IoT security offering particularly in the health care department.
They raised $50 million in series C funding for an Operating System designed to provide end-to-end security of IoT Communications the investors invested in tech for it Smart home products.
They raised $20 million for and digital twin which offer them help in optimising IoT devices using Visual analytics and machine learning.
They 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
They expanded their Nanosatellite IoT connectivity fleet, bringing its valuation to $126 million and raised $26 million in Series B funding.
To expand their autonomous smart tractors line into Asia, Europe and South America. They raised $61 million in Series B funding.
To raise their data intelligence platform in a round doubling its valuation to $5.3 billion. They raised $250 million in Series G funding.
To expand its IoT system security visibility suite having lured a contribution from Stanley Black & Decker and they raised $10 million in Series A funding.
GLOBAL PROCESSING SERVICE
They raised $300 million for its payments processing technology and raised more than $300 million.
They raised a $155 million Series B investment from backers including SoftBank to drive the expansion of its blockchain infrastructure.
They raised $50 million to increase their international expansion. The investors were Deutsche Telekom and SoftBank for its German IoT network.