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Top 105 IoT Development Tools SaaS Companies in May 2026

As of May 2026, there are 105 SaaS companies in IoT Development Tools. They have combined revenues of $775.3M and employ 6K people. They have raised $72.4M and serve 70.5K customers combined.

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
$72.4M
Employees
6K

Filters

Sorting: Highest -> Lowest

Filters

Top IoT Development Tools Companies

Showing 10 of 15 companies ranked by annual revenue.

1
TecAce Software

Bellevue, Washington, United States

Creates innovative mobile applications including multi-platform apps, cloud service, and retail service development that enable the world?s top class manufacturers, telecoms and internet service providers to successfully market products throughout the whole mobile/IoT ecosystem

Revenue
$9.6M
Customers
-
Year founded
2000
Funding
-
Team size
64
Growth
-
2
waylay

Ghent, Belgium

Developer of an IoT middleware platform designed to connect IoT services to IT systems and cloud applications. The company's platform offers to break down silos by connecting devices with applications and online services to make business decisions based on real-time sensor information via real-time automation and notifications in energy, logistics, online retail and smart city projects, enabling clients to make automation and integration faster, smarter and more scalable.

Revenue
$9M
Customers
50K
Year founded
2014
Funding
$1.5M
Team size
33
Growth
153.08%
3
balena

Seattle, Washington, United States

Balena is a complete set of tools for building, deploying, and managing fleets of connected Linux devices. We provide infrastructure and tools for fleet owners so they can focus on developing their applications and growing their fleets with as little friction as possible. Our tools are designed to work well together as a platform, but you can also pick and choose the components you need for your project, and adapt them to your particular use case. We know that no two IoT projects are the same and there is no one-size-fits-all solution. All your devices and their running services can be managed, monitored, and updated through the web dashboard, or through our API via the CLI and SDK. We’ve solved the hard problems so you as the fleet owner can focus on your application, not your infrastructure.

Revenue
$8.3M
Customers
-
Year founded
2013
Funding
-
Team size
75
Growth
-
4
Iterate.ai

Mountain View, California, United States

Iterate.ai empowers enterprise teams to build and run AI agents with confidence. Our platforms — Generate and Interplay — delivers privacy-first AI with speed, security, and total control, from the first prompt to full-scale deployment.

Revenue
$7.4M
Customers
-
Year founded
2013
Funding
-
Team size
49
Growth
-
5
Corellium

Boynton Beach, Florida, United States

Arm device virtualization for mobile security research, mobile app testing, IoT device modeling, and beyond. Powerful security and testing tools for iOS, Android, and Linux phones and devices.

Revenue
$7.2M
Customers
-
Year founded
2017
Funding
-
Team size
65
Growth
-
6
Trident IoT

Carlsbad, California, United States

Trident IoT is a technology and engineering company focused on simplifying RF development, increasing product success rates, and decreasing time-to-market for connected device makers.

Revenue
$6.7M
Customers
-
Year founded
2023
Funding
-
Team size
46
Growth
-
7
THAUMATEC Sp. z o. o.

Wrocław, Poland

Thaumatec is a development service provider in Embedded Systems, Internet of Things System and connectivity, located in Wrocław, Poland - just 300 kilometres from Berlin, Prague and Warsaw.

Revenue
$6.7M
Customers
-
Year founded
2014
Funding
-
Team size
63
Growth
34.02%
8
Memfault

San Francisco, California, United States

Memfault builds developer tools for firmware engineers.

Revenue
$6.6M
Customers
-
Year founded
2019
Funding
-
Team size
62
Growth
39.99%
9
Bluebird

Duluth, Georgia, United States

Bluebird is an enterprise IoT total solution provider, offering consulting and customized solutions for enterprise IoT infrastructure.

Revenue
$6.5M
Customers
-
Year founded
2015
Funding
-
Team size
350
Growth
-
10
Estimote, Inc.

New York, New York, United States

Location intelligence platform for developers

Revenue
$6.3M
Customers
-
Year founded
2013
Funding
-
Team size
24
Growth
39.33%

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.