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Top 44 IoT Development Tools Companies Under $1M Revenue (August 2026)

As of August 2026, Latka tracks 44 IoT development tools companies under $1M in annual revenue. They have combined revenues of $20.9M and employ 423 people. They have raised $277.4M and serve 154 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
44
Revenue
$20.9M
Funding
$277.4M
Employees
423

Filters

Sorting: Highest -> Lowest

Filters

Top IoT Development Tools Companies Under $1M Revenue

Showing 10 of 44 companies ranked by annual revenue.

1Pilot AI logo
Pilot AI

Palo Alto, California, United States

We're building a deep-learning based computer vision platform to solve real problems directly on compute-constrained embedded devices. We're working with some of the largest consumer electronics and chip companies. We're profitable, are backed by top VCs, and are HIRING! If you're interested in helping us ship great products with our customers that are used every day by millions of people around the world, drop us a line at [email protected]

Revenue
$990K
Year founded
2015
Funding
$275.6M
Team size
9
2Datacake logo
Datacake

Münster, North Rhine-Westphalia, Germany

Datacake is a multi-purpose, low-code IoT platform that requires zero programming skills and minimal time to build custom IoT applications. Create a FREE account.

Revenue
$990K
Year founded
2017
Team size
9
3RAZRLAB logo
RAZRLAB

Dubai, United Arab Emirates

RazrLab is a solutions firm that offers services for IOT, application, consultancy and prototyping.

Revenue
$844.4K
Year founded
2017
Team size
6
4Sialogic logo
Sialogic

Germany

Sialogic is an IoT solution provider for SMEs.

Revenue
$836.6K
Customers
154
Year founded
1983
Team size
13
5eDRV logo
eDRV

San Francisco, California, United States

eDRV helps simplify the process of application development for electric vehicles and charging networks. Founded in 2019 by a team specializing in clean energy policy and mobile communications technology development, we are headquartered in Amsterdam, and are a part of the Rockstart Technology Startup Accelerator.

Revenue
$791.2K
Year founded
2020
Funding
$150K
Team size
14
6Bizbot Technology logo
Bizbot Technology

Semenyih, Selangor, Malaysia

Established in 2011, Bizbot Technology is a Malaysian Bumiputera company that build customized engineering solutions based on specific and individual user requirements and specifications. To date, we have built and deliver various industrial automation, robotics solution, remote monitoring, Internet Of Things and mechanical design solution. We have grown from strength to strength, providing customized solutions for various industries liked manufacturing, farming, plantation and education sector. For more information please email us your request to [email protected]

Revenue
$770K
Year founded
2011
Team size
7
7Emitu logo
Emitu

United States

Emitu is the ultimate IoT platform that offers real-time visibility into energy consumption, equipment performance, asset tracking, and sensor data collection while also being highly adaptable to different use cases and hardware configurations. Emitu's proprietary technology combines a low code framework and smart templates, enabling you to customize and deploy IoT solutions up to 10x faster than traditional methods, saving you time and reducing deployment costs. We enable a quicker Digital Transformation journey across different industries, such as Manufacturing, Utilities, Smart Buildings, and Smart Cities, to deploy simpler but effective IoT solutions. By leveraging Emitu, you can achieve a 360º view for efficient management and operational control, reduce costs, and maximize ROI, regardless of whether you are a small business or a large enterprise. Choose Emitu and easily stay ahead of the curve in achieving your IoT goals.

Revenue
$770K
Year founded
2017
Team size
7
8XSHELL INC logo
XSHELL INC

Tokyo, Japan

Provider of Internet of things related services intended to help in bridging of cloud and devices. The company's services transform things into computers by providing logistics of data and software between developers, clouds, terminals and users, enabling clients to get advanced support in developing electronic devices.

Revenue
$748.1K
Year founded
2014
Team size
3
9Daliworks logo
Daliworks

Seoul, South Korea

Provider of a platform intended to provide consulting services for IoT sensor configuration. The company offers a platform specializes in SW and HW IoT technologies and offers Thing+ which helps to build Internet IoT service quickly and easily based on the IoT cloud platform enabling the customers easily and quickly deploy IoT services at low cost.

Revenue
$718.7K
Year founded
2013
Team size
3
10Proximi.io logo
Proximi.io

Helsinki, Finland

Developer of a software development tool for developing location-aware applications. The company's indoor and outdoor positioning platform gives access to all the major mobile positioning technologies and allows developers to use the location data to trigger rich action flow chains and gain real-time analytics about their application users' movements, enables software developers to kick start their location-aware application projects in minutes and helps them deliver context-aware content to their customers.

Revenue
$681.9K
Year founded
2014
Team size
6

Frequently asked questions about IoT Development Tools Companies Under $1M Revenue

How many IoT development tools companies under $1M in annual revenue are there?

Latka tracks 44 IoT development tools companies under $1M in annual revenue. Together they generate $20.9M in annual revenue and employ 423 people.

Which IoT development tools company under $1M in annual revenue is the largest?

Pilot AI is the largest, with $990K in annual revenue, founded in 2015.

How much revenue does a typical IoT development tools company under $1M in annual revenue make?

The average IoT development tools company in this list makes $475.7K a year, across 44 companies with reported revenue. They serve 154 customers combined.

Who are the leading IoT Development tools vendors under $1M in annual revenue?

Ranked by annual revenue, the leaders are Pilot AI, Datacake, RAZRLAB, Sialogic and eDRV.

How much funding have IoT development tools companies under $1M in annual revenue raised?

The 44 IoT development tools companies under $1M in annual revenue tracked here have raised $277.4M 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.