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Top 10 IoT Development Tools Companies (November 2026)

As of November 2026, Latka tracks 100 IoT development tools companies. They have combined revenues of $719.8M and employ 5.6K people. They have raised $347.6M and serve 70.3K customers combined.

Every company below sells IoT development tools to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What IoT Development Tools Companies do

IoT Development Tools facilitate the creation, testing, and deployment of applications designed to manage and utilize Internet of Things (IoT) devices effectively. These tools enable developers to build software that can communicate with hardware components, process data, and ensure connectivity across various devices. Key use cases include smart home systems, industrial automation, healthcare monitoring, and environmental sensor applications, where the ability to gather, analyze, and act on data from connected devices is crucial. Typical features of IoT Development Tools include device management capabilities, data collection and visualization, real-time analytics, and integration with cloud services. These tools often provide features for protocol support, security measures, and scalability to accommodate numerous devices. Common buyer personas include software developers, product managers, IT professionals, and hardware engineers, all of whom require robust solutions to streamline their IoT projects and enhance operational efficiencies.

Companies
100
Revenue
$719.8M
Funding
$347.6M
Employees
5.6K

Filters

Sorting: Highest -> Lowest

Filters

Top IoT Development Tools Companies by revenue

Showing 10 of 100 companies ranked by annual revenue.

1Green Hills Software Inc. logo
Green Hills Software Inc.

Santa Barbara, California, United States

Green Hills Software is the independent vendor of embedded software solutions.

Revenue
$152.8M
Year founded
1982
Funding
$9.3M
Team size
257
2SQUAD logo
SQUAD

Kyiv, Kyiv City, Ukraine

We are a research and delivery team working on impactful products. We are gathering top notch minds in domains such as Research, Embedded, Hardware, Mobile, QA, Infrastructure, Delivery, Product and Design, and Analytics to collaborate on the latest smart home security/IoT. Our modern labs feature test devices and leading optical equipment, creating a unique opportunity to work and innovate on real R&D in Ukraine. We are a growing team that operates with a startup spirit to generate solutions for products and raise the bar with every detail. We pull together strong performers and foster an environment for creativity and discovery. We believe that the synergy of outstanding people and this environment can tackle any global challenge. Forget good. Do great in SQUAD.

Revenue
$80.9M
Team size
735
3Expert App Devs logo
Expert App Devs

Phoenix, Arizona, United States

Looking for a professional mobile app development company? We are a leading-edge mobile and IoT solution provider in India. Hire Excellent mobile app developers Here.

Revenue
$49.5M
Team size
450
4Avelabs logo
Avelabs

Cairo, Egypt

Provider of embedded services designed to provide a constant medium between customers and innovation. The company's services offer software analysis tool, enabling automotive engineers to debug and update software by providing insight information about its behavior even without the hardware availability.

Revenue
$45.8M
Year founded
2012
Team size
240
5ProArch logo
ProArch

Atlanta, Georgia, United States

Provider of cloud business networking and software development services. The company provides IOT security, hololens development, device integration and testing, remote patient monitoring, enterprise asset management, IOT Prototyping, Cloud development, cyber security and blockchain software development services to enterprises and businesses.

Revenue
$42.4M
Customers
200
Year founded
2006
Team size
444
6People10 Technologies logo
People10 Technologies

New York, New York, United States

Provider of full-stack product development and digital transformation services designed for enterprises and startups. The company helps clients in crafting custom solutions in artificial intelligence, machine learning, IoT, web and mobile apps for B2B/ B2C, with modern agile and lean development frameworks, automation, and DevOps tools, enabling organizations to automate processes easily and stay future-ready.

Revenue
$28.7M
Customers
50
Year founded
2011
Funding
$1.4M
Team size
290
7Mason logo
Mason

Seattle, Washington, United States

Mason is the fastest way to take smart devices from idea to end user

Revenue
$24.4M
Year founded
2015
Team size
255
8Ericpol logo
Ericpol

Lodz, Lodz, Poland

Ericpol since April 2016 is part of Ericsson. Since February 2017 has changed name to Ericsson Sp. z o.o. Please visit official Ericsson LinkedIn Profile. Ericpol has specialized in the production and development of software for telecommunication and M2M, as well as enterprises that base their activities on modern technologies. The Ericpol company was established in 1991 in Lodz. For 25 years it has been providing information and communication technology solutions, and thus successfully competing on the international market. Executed over 800 comprehensive long-term projects in 75 countries.

Revenue
$23M
Year founded
1991
Team size
209
9Exosite logo
Exosite

Minneapolis, Minnesota, United States

Developer of embedded technologies intended to ease the hardships of IoT implementation. The company's unparalleled enterprise software and business solutions engage with leading manufacturers to drive their connected-product strategies and steer them to quick market wins with secure, single-source platform and rich ecosystem of tools, partnerships, and professional services, providing clients gain valuable insight into their products and the people using them.

Revenue
$21M
Year founded
2009
Funding
$50K
Team size
37
10global.shuttle.com logo
global.shuttle.com

Taipei City, Taiwan

Shuttle Inc. (stock code: 2405) focuses on software and hardware integration and IoT application to develop solutions to meet commercial and vertical market needs, including mini-PCs, multimedia players, digital signage, kiosk, face recognition, and IoT custom design services. With enduring research on emerging technologies, regarding users'​ experience as a priority, Shuttle continuously offers diversified services to help clients create more business value.

Revenue
$20.1M
Year founded
1983
Team size
183

Frequently asked questions about IoT Development Tools Companies

How many IoT development tools companies are there?

Latka tracks 100 IoT development tools companies with reported revenue. Together they generate $719.8M in annual revenue and employ 5.6K people.

Which IoT development tools company is the largest?

Green Hills Software Inc. is the largest, with $152.8M in annual revenue, founded in 1982.

How much revenue does a typical IoT development tools company make?

The average IoT development tools company in this list makes $7.2M a year, across 100 companies with reported revenue. They serve 70.3K customers combined.

Who are the leading IoT Development tools vendors?

Ranked by annual revenue, the leaders are Green Hills Software Inc., SQUAD, Expert App Devs, Avelabs and ProArch.

How much funding have IoT development tools companies raised?

The 100 IoT development tools companies tracked here have raised $347.6M in disclosed funding between them.

Related IoT Management Platforms categories

Inclusion Criteria

- Must provide tools for developing and deploying software for IoT applications - Should support various IoT protocols such as MQTT, CoAP, and HTTP - Must include features for device management and data analytics - Should facilitate integration with cloud platforms for data storage and processing - Not limited to just application development; must also support hardware integration and testing - Must offer security features to protect data and device access - Should enable scalability to manage multiple IoT devices.