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Top 21 IoT Edge Platforms Companies With $1M–$5M Revenue (August 2026)

As of August 2026, Latka tracks 21 IoT edge platforms companies with $1M–$5M in annual revenue. They have combined revenues of $51.8M and employ 448 people. They have raised $196M.

Every company below sells IoT edge platforms 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 Edge Platforms Companies do

IoT Edge Platforms refer to a computing architecture designed to enable data processing and analysis closer to the source of data generation, particularly in Internet of Things (IoT) environments. These platforms facilitate real-time data processing, which is vital for applications requiring low latency, such as industrial automation, smart cities, and connected vehicles. By processing data at the edge, organizations can optimize bandwidth usage, reduce latency, and enhance responsiveness in critical applications.

Companies
21
Revenue
$51.8M
Funding
$196M
Employees
448

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Top IoT Edge Platforms Companies With $1M–$5M Revenue

Showing 10 of 21 companies ranked by annual revenue.

1Edgify logo
Edgify

London, England, United Kingdom

Edgify is revolutionising retail operations with its Edge AI solutions, enabling grocery retailers to combat shrink, drive operational efficiency, and elevate customer experience. With over 4,000 devices deployed across 12 countries—and rapidly expanding—Edgify’s self-learning, cloudless AI technology delivers unparalleled item recognition and loss prevention at self-checkouts, POS lanes, and scales. Trusted by leading national and global retailers, Edgify provides a scalable, low-cost, and high-impact AI framework to drive profitability and transform in-store operations.

Revenue
$4.1M
Year founded
2015
Team size
37
2Pratexo logo
Pratexo

Austin, Texas, United States

Pratexo is an intelligent edge-computing and distributed cloud platform for Artificial Intelligence, the Internet of Things, and Industry 4.0 applications.

Revenue
$3.5M
Team size
31
3Allxon Inc. logo
Allxon Inc.

New Taipei City, Xizhi, Taiwan

Allxon brings In-Band and Out-Of-Band remote device management services to edge AI devices to help businesses save on time and cut out exponential labor costs. By simply navigating on an easy-to-use single cloud portal, businesses can effortlessly optimize and streamline their services with innovative remote management tools. As an AI/IoT ecosystem bonder and NVIDIA Jetson preferred partner, Allxon offers highly compatible and effective solutions for hardware/software vendors, distributors, and service providers. With years of deep industry experience, Allxon has also pioneered “SaaS-In-Chip” for customizable Out-Of-Band management to make remote device management more open and inclusive. Allxon stands as an industry-first in providing exceptional SaaS solutions, with full hardware and software integration, and is committed to optimizing operations and saving businesses time and unwanted expenses for quicker, better, and more reliable services. Recognizing the industry’s discrepancies and customer pain points, Allxon is a first choice for remote managing edge AI devices at scale, making them the ultimate advancement in new technology, necessary in driving the industry forward.

Revenue
$3.1M
Year founded
2019
Team size
28
4Unleash live logo
Unleash live

Sydney, New South Wales, Australia

Developer of a secure cloud platform designed for live video streams. The company's platform uses artificial intelligence algorithms to track and monitor objects from video streams through aerial drone cameras, robotics cameras and sensors to the cloud for artificial intelligence powered video, enabling business clients to deliver instant decision-making capabilities for better management of field operation.

Revenue
$3M
Year founded
2016
Funding
$4.8M
Team size
24
5Tignis logo
Tignis

Seattle, Washington, United States

Developer of predictive and proactive support technologies designed to capitalize on the profound advantages of real-time edge computing. The company's technologies monitor performance data while products are in use, quickly identify performance issues and proactively predict problems before the occurrence, enabling hardware and software vendors to monetize the IoT connectivity of their components and rapidly launch revenue-generating remote monitoring and proactive maintenance services with minimal risk and upfront cost.

Revenue
$3M
Year founded
2017
Funding
$7.5M
Team size
28
6Foundries.io logo
Foundries.io

Cambridge, England, United Kingdom

Foundries.io delivers a Linux-based software platform to reinvent IoT. We enable OEMs and companies to develop, deploy and maintain IoT and Edge products with FoundriesFactory, for lifetime customer success. We have built a secure, open source platform for the world's connected devices, and a cloud service to configure this to any hardware and any cloud. We are leading the industry in providing a complete solution for the IoT and Edge product lifecycle from software development, CI and testing, to device and fleet provisioning, deployment and management and lifetime OTA platform updates. We offer a simple per project subscription model with no per unit royalties or transaction fees.

Revenue
$3M
Year founded
2017
Team size
27
7Latium Technologies, Inc. logo
Latium Technologies, Inc.

Nisku, Alberta, Canada

For over 20 Years, Latium has provided advanced solutions for Heavy Industry, delivering meaningful and tangible results to some of the biggest players in Canadian business today. Founded as a Fleet Management and Consulting firm, Latium made a name as expert problem solvers, expanding our offerings to leasing, rentals, maintenance programs, and proprietary GPS & Telematics technologies, helping our customers reduce operating expenses, enhance visibility, and bolster safety. In 2017, thanks to popular demand from our clients, we expanded our interest in active monitoring technologies into Yonder - the latest in Industrial IOT. Combining ruggedized technology and Edge Computing, Yonder enables clients to pull & analyze data from any asset in their network. WIth Yonder, we've had the pleasure of working with multi-billion dollar clients like Suncor, Enbridge, and Trans Mountain Pipeline. We can help with any asset management challenge, including strategy, operations, tracking, behav

Revenue
$2.8M
Year founded
2019
Team size
20
8Allie - AI for manufacturing logo
Allie - AI for manufacturing

San Francisco, California, United States

Allie serves medium and large corporations in the discrete and hybrid manufacturing verticals. Our current focus is primarily in food, beverage, building materials, and we also serve personal care, medical devices, and automotive selectively. Our product suite has 4 key products: Allie RealTime Factory - Ingests streaming data from your factory’s controllers, and lets you see availability, performance, quality, and efficiency all in real time - with deep insights into planned and unplanned stops. Factory GPT - Enables generative business intelligence on all your factory data, allowing Factory personnel to talk to the factory and ask it detailed questions about what has happened, is happening, or could likely happen. Factory GPT provides output including charts, tables, and text responses. AllieML - Our traditional machine learning set of predictions, used to predict the probability of downtime, and predict the most likely cause of stoppage. It is consistently re-trained from the streaming data to reflect changes and give your factory higher accuracy predictions. Allie Edge Gateway - Our secure edge device, which sits on top of PLCs, or supervisory controllers, to ingest, and safely transport data from your factory to the cloud. Our industry tribes work with your Digital and Manufacturing teams to identify high impact manufacturing lines, and determine their level of technology readiness - co-creating a road map to define the phases and steps to apply AI to your factory operations. Our forward deployed teams work hand in hand with our clients on the manufacturing floor, to deploy Allie, including making physical infrastructure installations ( PLCs, TVs, tablets) as well as change management activities to drive usage and data quality. We serve clients primarily in Mexico and the USA.

Revenue
$2.6M
Year founded
2022
Team size
24
9CloudBackend logo
CloudBackend

Linköping, Sweden

CloudBackend makes sure edge cloud computing works throughout the world by enabling data and application roaming across all available edge and cloud infrastructures providing customers with a single industrialized distributed cloud that abstracts underlying differences and acts as one. We build a global edge cloud, initially focused on automotive and IoT, but will eventually open up for any developer. Our goal is to disrupt conventional clouds with distributed edge computing. We provide the software to unify all edge clouds and broker the capacity of all infrastructure with zero CAPEX. CloudBackend uniquely ties together Edge Cloud Computing and Serverless Computing and completely removes the need of running your own code at the edge. By providing a no touch edge that automatically makes data available on demand whenever requested, the cloud can finally become industrialized. Customers in industries such as telecom, automotive, consumer electronics, industrial automation, and IoT,

Revenue
$2.5M
Year founded
2018
Funding
$1.8M
Team size
16
10Crosser - Stream Analytics & Integration logo
Crosser - Stream Analytics & Integration

Stockholm, Stockholm County, Sweden

Crosser designs and develops a hybrid-first Streaming Analytics & Integration software for any Cloud, On-premise or Edge. The Crosser Platform enables real-time processing of streaming, event-driven or batch data for Intelligent Pipelines & Automations and for Industrial IoT. All managed from a single Control Center and powered by a low-code and low-effort experience.

Revenue
$2.5M
Year founded
2016
Team size
23
Growth
78.01%

Frequently asked questions about IoT Edge Platforms Companies With $1M–$5M Revenue

How many IoT edge platforms companies with $1M–$5M in annual revenue are there?

Latka tracks 21 IoT edge platforms companies with $1M–$5M in annual revenue. Together they generate $51.8M in annual revenue and employ 448 people.

Which IoT edge platforms company with $1M–$5M in annual revenue is the largest?

Edgify is the largest, with $4.1M in annual revenue, founded in 2015.

How much revenue does a typical IoT edge platforms company with $1M–$5M in annual revenue make?

The average IoT edge platforms company in this list makes $2.5M a year, across 21 companies with reported revenue.

Who are the leading IoT Edge platforms vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are Edgify, Pratexo, Allxon Inc., Unleash live and Tignis.

How much funding have IoT edge platforms companies with $1M–$5M in annual revenue raised?

The 21 IoT edge platforms companies with $1M–$5M in annual revenue tracked here have raised $196M in disclosed funding between them.

Related IoT Management Platforms categories

Inclusion Criteria

- Must enable real-time data processing at or near the source of data generation. - Should support a range of IoT devices and protocols for seamless integration. - Must provide analytics capabilities to generate insights from collected data. - Should include features for remote device management and monitoring. - Not just basic connectivity; must also enable sophisticated data processing and management workflows. - Must ensure security and privacy of data both in transit and at rest. - Should have scalability to accommodate growing numbers of IoT devices and data traffic.