There’s been a 27% increase in IoT startups and related businesses on Crunchbase in just a year, growing from 26,792 in 2019 to 34,120 today. Enterprise and Automotive IoT dropped from $393B to $351B in market value in the first few months of this year.ĭespite COVID-19 aftershocks, IoT startups enjoyed YoY growth: IoT revenue projections for the transportation industry this year dropped from $43B in value to $34B according to Gartner’s latest estimates. Automotive, retail & wholesale trade, and transportation are among the hardest hit. The list was created based on a methodology that equally weighs a startup’s ability to attract new customers, current and projected revenue growth, ability to adapt the companies’ solutions to growing industries and position in their chosen markets.Īccording to Forbes COVID-19’s hard economic reset has hit IoT industries particularly hard. It is an exclusive list of 20 companies, out of 34,000 IoT companies in the areas of enterprise and automotive IoT, commercial, manufacturing, retail & wholesale trade, and transportation industries. – – Karamba Security, a world-leading provider of seamless embedded security, has been named one of Forbes’ Top 20 IoT Startups to Watch in 2020.

HOD HASHARON, Israel and BLOOMFIELD HILLS, Mich. Karamba Security Named Forbes Top 20 IoT Startups to Watch in 2020