As of September 2026, Latka tracks 4 retail IoT software companies with $1M–$5M in annual revenue. They have combined revenues of $10.8M and employ 120 people. They have raised $13.1M and serve 300 customers combined.
Every company below sells retail IoT software 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.
Retail IoT Software encompasses solutions designed to manage, monitor, and optimize the use of Internet of Things (IoT) devices within the retail sector. These software products facilitate seamless communication and data transfer between connected devices, allowing retailers to enhance operations, improve customer experiences, and streamline supply chains. Retail IoT applications may include smart shelves, inventory management, supply chain tracking, and energy management systems, all of which rely on real-time data analysis.
Sorting: Highest -> Lowest
Showing 4 of 4 companies ranked by annual revenue.
San Mateo, California, United States
Provider of a cloud-based service platform designed to serve Internet of Things (IoT) companies. The company's service platform connects web and mobile applications with hardware devices in real time, enabling mobile clients and application servers to access a back-end infrastructure for the development of IoT products.
Sydney, New South Wales, Australia
Rayven is an easy-to-use SaaS platform for solving business' interoperability, real-time data + app development challenges without replacing legacy technologies, adding risk, or long development cycles. iPaaS, Data, IoT, Workflow Automation, Analytics, BI, AI, App Development + PaaS all rolled into one; Rayven simplifies the complexity of system integration, real-time data analysis + custom app development - empowering you to tackle any real-world business challenge and solve it, simply. Easy-to-use, universally compatible + infinitely scalable; Rayven streamlines your technology stack, is affordable for every business, and turbocharges your existing technologies to deliver on the full potential of real-time decision-making (via human or AI).
Ontario, California, United States
🔵 One Store, One System. Empowering Store Management Beyond Expectations. Founded in 2016, KABOB CLOUD is an all-in-one SaaS platform built for food, retail, and chain businesses. By integrating transactions, automation, and media modules, we deliver AI-powered management upgrades to help stores adopt standardized and scalable smart systems for digital transformation. 🌐 Global Presence: Los Angeles, New York, Vancouver, Tokyo ,Taipei, Shanghai, Singapore 📊 Track Record: Serving 600+ chain brands, covering 50,000+ stores, deploying 180,000+ devices 🏪 Key Clients: L’Oréal | SEPHORA | McDonald’s | Tomod’s | IKEA | 85°C | Burger King | Häagen-Dazs | Gogoro | Sushiro 📦 Apps Include YAKI POS｜Multi-platform POS solution Lookr｜Digital signage management Voicer｜In-store voice & background music scheduling AI Drive-Thru｜Smart voice ordering and order confirmation Tico / Tabble / Kiosk｜Queueing, reservation & self-guided systems Datar / Vortex / Facer｜Data integration, video analytics & foot traffic monitoring ADventure / Connector｜Retail media advertising & screen monetization 🧠 We’re Looking For → Brands & store owners pursuing smart store transformation → Partners with channel access and system integration capabilities → Passionate PMs, engineers, designers, and ops talents in AI & retail tech 📩 Connect with us on LinkedIn 👉 Learn more: www.kabob.io
London, United Kingdom
Buy Buddy is a revolutionary IoT solution transforming the retail industry. We offer cutting-edge smart tags that provide real-time insights into physical customer engagements within brick-and-mortar stores. As the #1 platform in this space, Buy Buddy is uniquely positioned to optimize conversions by unlocking a new level of understanding of consumer behavior. Our technology captures and analyzes data from customers' natural interactions with products, such as when a customer picks up an item, walks with it, or spends time examining it. These metrics inform strategies to enhance the shopping experience and drive conversion. Buy Buddy's solution bridges the gap between online and offline retail, enabling a seamless, personalized, and highly engaging shopping experience that maximizes marketing ROI. Join us in redefining retail and driving your business growth with smart data!
Latka tracks 4 retail IoT software companies with $1M–$5M in annual revenue. Together they generate $10.8M in annual revenue and employ 120 people.
MODE is the largest, with $3.6M in annual revenue, founded in 2014.
The average retail IoT software company in this list makes $2.7M a year, across 4 companies with reported revenue. They serve 300 customers combined.
Ranked by annual revenue, the leaders are MODE, Rayven, KABOB | AIoT and Retail SaaS and buybuddy.
The 4 retail IoT software companies with $1M–$5M in annual revenue tracked here have raised $13.1M in disclosed funding between them.
- Must provide capabilities for connecting and managing IoT devices in retail environments - Should support real-time data analysis for inventory and supply chain management - Must include features for facilitating customer engagement through connected devices - Should enable monitoring and control of in-store environments for better energy efficiency - Must offer integration capabilities with existing retail management systems - Not just focused on hardware; must also feature comprehensive software solutions for data processing and analytics - Should provide security measures to protect sensitive data transmitted from devices
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