1
Servitly
Lomazzo, Lombardia, Italy
Servitly is an IoT-based SaaS that empowers OEMs to deliver Valuable, Sustainable and Profitable Connected Services
- Revenue
- $10M
- Year founded
- 2018
- Team size
- 16
Top 50 IoT Platforms Companies With $5M–$10M Revenue (October 2026)
As of October 2026, Latka tracks 91 IoT platforms companies with $5M–$10M in annual revenue. They have combined revenues of $640.6M and employ 5.4K people. They have raised $1B and serve 116.1M customers combined.
Every company below sells IoT 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 Platforms Companies do
IoT platforms are centralized software solutions designed to connect, manage, and analyze Internet of Things (IoT) devices and applications. These platforms enable seamless communication between various devices, facilitating data collection, processing, and user interaction in real-time. Common use cases include smart homes, industrial automation, supply chain management, and healthcare monitoring, among others. Typical features of IoT platforms include device management, data analytics, application development, and security functionalities. These platforms are often leveraged by a range of professionals, including IT teams, operations managers, and business analysts, who seek to optimize processes, improve efficiency, and derive actionable insights from connected devices and data streams. The versatility of IoT platforms allows organizations in various industries to enhance productivity and innovate their service offerings.
- Companies
- 91
- Revenue
- $640.6M
- Funding
- $1B
- Employees
- 5.4K
Filters
Sorting: Highest -> Lowest
Top IoT Platforms Companies With $5M–$10M Revenue
Showing 10 of 91 companies ranked by annual revenue.
2
Hortau
San Luis Obispo, California, United States
Developer of irrigation management technology designed to reduce water use, energy consumption and nutrient loss. The company's irrigation management technology integrates a wireless field-based unit, soil monitoring sensors and a cloud-based application to provide critical crop information like soil tension, weather and other data from the field in real-time, enabling crop growers to detect crop stress while improving yield and productivity in the process.
- Revenue
- $9.8M
- Year founded
- 2002
- Funding
- $54.4M
- Team size
- 45
3
Withthegrid
Utrecht, Netherlands
Withthegrid is a Dutch company that connects and empowers infrastructure assets, grid operators, energy producers and users through monitoring and flexibility solutions.
- Revenue
- $9.8M
- Team size
- 49
4
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
- Year founded
- 2000
- Team size
- 64
5
Axilion
Haifa, Israel, Israel
Axilion is the only solution that applies innovative AI technology through a city-wide hardware agnostic abstraction layer. This powerful algorithm enables…
- Revenue
- $9.5M
- Year founded
- 2009
- Team size
- 49
6
SmartPulse Technology Inc.
Istanbul, Turkey
smartPulse aims to change the traditional energy planning methods through algorithmic trading with machine learning support. It develops advanced energy trading software solutions technologies with its original software strength and Internet of Things infrastructure. smartPulse Technology provides smart energy management platform software solutions and infrastructures that provide effective management of production and consumption points.
- Revenue
- $9.4M
- Year founded
- 2018
- Team size
- 68
7
9Solutions
Helsingborg, Finland
Provider of real-time locating system designed to monitor patients. The company's real-time locating system is based on Bluetooth low energy and cloud technologies covering a wide range of application requirements in one system, enabling healthcare professionals to focus on patient care by automating routine tasks.
- Revenue
- $9.4M
- Customers
- 1.3K
- Year founded
- 2009
- Team size
- 47
8
Intugine - Logistics through Innovation
Bengaluru, Karnataka, India
Intugine is a leading real-time multimodal supply chain visibility enabler, leveraging its expertise in IoT technology to help businesses optimise & digitise their logistics operations. It has many SaaS modules and products like FTL and PTL Tracking, Container Tracking, e-POD, Control Tower, Yard Management, Smart Locks, GPS & other IoT devices. They give manufacturers, shippers, retailers, and quick commerce companies visibility over their assets across modalities on a single platform. Their solutions have helped eliminate operational inefficiencies, reduce logistics costs and improve OTIF, order to delivery TAT, and minimise dwell time and detention costs. Their extended integration with ULIP provides its customers with additional information via their integrations with FASTag, Vahan, Sarathi, PCS, FOIS, ACMES, and ICEGATE. Today Intugine works with 75+ global enterprise names like GE Healthcare, Signify, Flipkart, Mahindra Logistics, Titan, Diageo, Ultratech Cement, Bridgestone, and GMMCO.
- Revenue
- $9.4M
- Year founded
- 2017
- Team size
- 85
9
ndustrial.io
Raleigh, North Carolina, United States
Energy intensity platform integrating over 60 different systems into a single view to enable smarter energy decisions in real time
- Revenue
- $9.3M
- Year founded
- 2015
- Team size
- 66
10
Lacak.io
Central Jakarta, DKI Jakarta, Indonesia
Lacak.io is a technology company that focuses on implementing Internet of Things (IoT) solutions for fleets, offering products that allow tracking of fleet vehicles, monitoring of fuel consumption, and management of heavy equipment.
- Revenue
- $9.3M
- Year founded
- 2016
- Team size
- 70
Frequently asked questions about IoT Platforms Companies With $5M–$10M Revenue
How many IoT platforms companies with $5M–$10M in annual revenue are there?
Latka tracks 91 IoT platforms companies with $5M–$10M in annual revenue. Together they generate $640.6M in annual revenue and employ 5.4K people.
Which IoT platforms company with $5M–$10M in annual revenue is the largest?
Servitly is the largest, with $10M in annual revenue, founded in 2018.
How much revenue does a typical IoT platforms company with $5M–$10M in annual revenue make?
The average IoT platforms company in this list makes $7M a year, across 91 companies with reported revenue. They serve 116.1M customers combined.
Who are the leading IoT platforms vendors with $5M–$10M in annual revenue?
Ranked by annual revenue, the leaders are Servitly, Hortau, Withthegrid, TecAce Software and Axilion.
How much funding have IoT platforms companies with $5M–$10M in annual revenue raised?
The 91 IoT platforms companies with $5M–$10M in annual revenue tracked here have raised $1B in disclosed funding between them.
Related IoT Management Platforms categories
Inclusion Criteria
- The product must connect and manage IoT devices seamlessly. - It must provide data collection and real-time analytics capabilities. - The solution should support scalable architecture to handle varying levels of device connections and data flow. - Application development tools for customized solutions should be available within the platform. - It should include security features to protect data and devices from cyber threats. - Not just focused on data collection; must also facilitate actionable insights and user interaction.