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IoT Spending To Reach $1.2T By 2022
Good news for Internet of Things startups: IDC predicts that business spending on IoT projects is expected to reach $1.2 trillion by 2022 while growing annually at 13.6 percent.
While established IoT players like PTC and Siemens will also chase these dollars, the figures provided by IDC underscore the growing opportunity that startups have if they play their cards right.
CRN looked at 10 of this year's hottest IoT startups that are working with channel partners or plan to work with partners, and their applications range from IoT security to predictive analytics.
CEO: Eric Simone
ClearBlade is an edge computing software startup that helps enterprises connect disparate data streams from sensors, aggregate the data and normalize it for their cloud platform of choice.
The Austin, Texas-based startup unveiled a distribution partnership with Ingram Micro Canada that will initially focus on an integrated solution for smart buildings and smart refrigeration.
The company told the Austin Statesman that ClearBlade is in the process of raising a $25 million Series B round, which would follow the company's $3 million Series A round in 2017.