1
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
Top 50 IoT Development Tools Companies (August 2026)
As of August 2026, Latka tracks 105 IoT development tools companies. They have combined revenues of $775.3M and employ 6K people. They have raised $348.1M and serve 70.5K 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
- 105
- Revenue
- $775.3M
- Funding
- $348.1M
- Employees
- 6K
Filters
Sorting: Highest -> Lowest
Top IoT Development Tools Companies by revenue
Showing 10 of 105 companies ranked by annual revenue.
2
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
3
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
4
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
5
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
6
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
7
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
8
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
9
Leo TechnoSoft
Sherman Oaks, California, United States
Leo TechnoSoft is a Partner Product and Solution engineering Company, setup in 2006 located in Loss Angeles (USA), Chicago (USA) and Pune (India) . Leo TechnoSoft offers strategic IT services in Product Engineering, Mobility and Blockchain to a global clientele. As a technology partner, Leo TechnoSoft is specialized in building, serving, managing and extending technology on Cloud, Enterprise and IOT environment to deliver next-generation technologies effectively. The Company expertise covers BI; SAAS based applications, Cloud Computing, Migration, Integration, Cross-Platform, Testing, Mobility and Big Data, Product Development, Share Point, SAAS Tenant, Internet of Things (IoT) Integrations Contact Us : [email protected]
- Revenue
- $21.8M
- Customers
- 292
- Year founded
- 2019
- Team size
- 159
10
CLOVITY
Dublin, California, United States
A software services provider and IoT product company offering a full range of services, and utilizing a proprietary IoT platform
- Revenue
- $21.1M
- Year founded
- 2008
- Team size
- 103
Frequently asked questions about IoT Development Tools Companies
How many IoT development tools companies are there?
Latka tracks 105 IoT development tools companies with reported revenue. Together they generate $775.3M in annual revenue and employ 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 $7.4M a year, across 105 companies with reported revenue. They serve 70.5K 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 105 IoT development tools companies tracked here have raised $348.1M 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.