Latka logo

Top 50 IoT Platforms Companies (August 2026)

As of August 2026, Latka tracks 643 IoT platforms companies. They have combined revenues of $7.6B and employ 45.2K people. They have raised $7.8B and serve 266.1M 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
643
Revenue
$7.6B
Funding
$7.8B
Employees
45.2K

Filters

Sorting: Highest -> Lowest

Filters

Top IoT Platforms Companies by revenue

Showing 10 of 108 companies ranked by annual revenue.

1Tive logo
Tive

Boston, Massachusetts, United States

Tive, founded in 2015 by CEO Krenar Komoni, is a supply chain visibility company that sells IoT tracking devices paired with a SaaS platform to help shippers monitor the real-time location and condition of freight across road, air, and ocean. Komoni, a former RF chip designer, built the first prototype in 2015 after watching his father-in-law spend evenings on the phone trying to locate his truck drivers, and signed him up as the first customer at $19.99 per month. The company has grown from $250K in recognized revenue in 2019 to $100M in 2026, a trajectory that includes $2.5M in 2020, $10M in 2021, $19.5M in 2022, $29M in 2023, $45M in 2024, and $67M in 2025. Tive has raised $135.5M in total funding across eight rounds, most recently a Series C1 of $20M at a $545M post-money valuation in 2025. The company serves 1,300 customers, nine of which pay more than $1M per year, and operates with 243 employees including 32 quota-carrying AEs and 11 SDRs. The single most striking strategic fact is that 60% of new ARR comes from upsell and expansion within existing accounts, a land-and-expand motion powered by a proprietary IoT plus SaaS business model that generates billions of data points per quarter, positioning Tive to pursue what Komoni calls autonomous supply chain, where AI agents handle freight coordination end to end without human intervention.

Revenue
$100M
Customers
1.3K
Year founded
2015
Funding
$139.5M
Team size
243
Growth
49.25%
2Plume Design logo
Plume Design

Palo Alto, California, United States

smart home services and products

Revenue
$96.1M
Customers
170
Year founded
2015
Funding
$747.4M
Team size
440
3Mapbox logo
Mapbox

Washington, District of Columbia, United States

Mapbox is the leading real-time location platform for a new generation of location-aware businesses. Mapbox is the only platform that equips organizations with the full set of tools to power the navigation of people, packages, and vehicles everywhere. More than 3.5 million registered developers have chosen Mapbox because of the platform’s flexibility, security and privacy compliance. Organizations use Mapbox applications, data, SDKs and APIs to create customized and immersive experiences that delight their customers.

Revenue
$93M
Year founded
2011
Funding
$573.6M
Team size
845
4osapiens logo
osapiens

Mannheim, Baden-Württemberg, Germany

Osapiens provides an ESG platform and Software-as-a-Service solutions for companies, driving digital transformation through supply chain management and IoT solutions.

Revenue
$90M
Team size
504
5Armada logo
Armada

San Francisco, California, United States

Armada specializes in solving complex challenges for industries operating in remote locations. By integrating connectivity, advanced compute, and real-world AI, we are pioneering edge computing and AI solutions that stand to change industries across the globe.

Revenue
$83.2M
Year founded
2022
Team size
368
6SQUAD logo
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
7FlashParking logo
FlashParking

Austin, Texas, United States

drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations—connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress. The solution has arrived.

Revenue
$77.3M
Year founded
2011
Funding
$100M
Team size
703
8Haber logo
Haber

Pune, Maharashtra, India

Haber is an AI-driven automation platform designed to optimize processes and utility management, integrating data collected through sensors to improve plant efficiency and output.

Revenue
$73.4M
Year founded
2017
Team size
223
9Nozomi Networks logo
Nozomi Networks

San Francisco, California, United States

Nozomi Networks is the leader in OT & IoT security for critical infrastructure. Their platform uniquely combines network and endpoint visibility.

Revenue
$63.5M
Year founded
2013
Team size
369
10Backhouse logo
Backhouse

Saint Cloud, Minnesota, United States

Backhouse specializes in residential project development with land acquisition, housebuilding, and construction services. They also provide smart living solutions with an IoT ecosystem to simplify people's homes.

Revenue
$60.9M
Year founded
2020
Team size
3

Frequently asked questions about IoT Platforms Companies

How many IoT platforms companies are there?

Latka tracks 643 IoT platforms companies with reported revenue. Together they generate $7.6B in annual revenue and employ 45.2K people.

Which IoT platforms company is the largest?

Tive is the largest, with $100M in annual revenue, founded in 2015.

How much revenue does a typical IoT platforms company make?

The average IoT platforms company in this list makes $11.8M a year, across 643 companies with reported revenue. They serve 266.1M customers combined.

Who are the leading IoT platforms vendors?

Ranked by annual revenue, the leaders are Tive, Plume Design, Mapbox, osapiens and Armada.

How much funding have IoT platforms companies raised?

The 643 IoT platforms companies tracked here have raised $7.8B 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.