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100 Top Unicorns
Download The List of the 100 Highest-Valued Unicorns

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100 Top Unicorns
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The Founder's Handbook

Top 8 Internet of Things Unicorns in 2024

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Have you ever wondered which private companies in the Internet of Things industry have the highest valuations?

You’re not alone.

There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 8 Internet of Things unicorn startups, from highest to lowest valuation.

8 Internet of Things Unicorns Companies

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Complete Unicorns List
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1,016 Unicorns

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1,190 Unicorns

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250 FinTech Investors

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1) Verkada

Verkada

Verkada is the next generation security platform that integrates with your company’s existing technology to deliver real-time threat prevention and unified, cloud-based visibility into activity across all networks.

Details of the startup:

  • Valuation: $3.20B (January 2020)
  • Country: United States
  • State: California
  • City: San Mateo
  • Started in: 2016
  • Founders: Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, James Ren
  • Number of employees: 500-1,000
  • Funding: $139.64M
  • Funding rounds: 5
  • Number of investors: 11

You can find their website here.

2) MoMo

MoMo

Momo is a free location-based services instant messaging application that enables smartphone users to chat with people nearby.

Details of the startup:

  • Valuation: $2.27B (December 2021)
  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2013
  • Founders: Lei Xiaoliang, Sic Zhang, Tang Yan
  • Number of employees: 500-1,000
  • Funding: $433.70M
  • Funding rounds: 9
  • Number of investors: 11

You can find their website here.

3) G7 Networks

G7 Networks

G7 is a service provider in fleet management that strives to deliver efficient and convenient services with IoT/AI technology.

Details of the startup:

  • Valuation: $2.20B (February 2022)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2006
  • Founders: Wu Haibo, Zhai Xuehun
  • Number of employees: 1,000-5,000
  • Funding: $710.00M
  • Funding rounds: 7
  • Number of investors: 17

You can find their website here.

4) Preferred Networks

Preferred Networks

Preferred Networks specializes in building AI-led solutions that automate and optimize your business processes. They build real-world solutions that solve complex industry problems with cutting-edge technologies including deep learning, robotics and advanced analytics.

Details of the startup:

  • Valuation: $2.00B (May 2018)
  • Country: Japan
  • City: Tokyo
  • Started in: 2014
  • Founders: Daisuke Okanohara, Morikawa Hiroyuki, Nishitoba Jiro, Toru Nishikawa
  • Number of employees: 250-500
  • Funding: $152.19M
  • Funding rounds: 7
  • Number of investors: 11

You can find their website here.

5) Helium

Helium

Helium is an Internet-of-Things developer platform for creating networks and transferring data from IoT devices.

Details of the startup:

  • Valuation: $1.20B (February 2022)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Amir Haleem, Chris Bruce, Sean Carey, Sean Carey, Shawn Fanning
  • Number of employees: 101-250
  • Funding: $364.80M
  • Funding rounds: 8
  • Number of investors: 32

You can find their website here.

6) Splashtop

Splashtop

Splashtop is a leading provider of remote-access software that lets you access the applications, data, and desktops of your business anywhere, anytime.

Details of the startup:

  • Valuation: $1.00B (January 2021)
  • Country: United States
  • State: California
  • City: San Jose
  • Started in: 2006
  • Founders: Mark Lee, Philip Sheu, Robert Ha, Thomas Deng
  • Number of employees: 100-250
  • Funding: $111.50M
  • Funding rounds: 5
  • Number of investors: 12

You can find their website here.

7) InFarm

InFarm

Infarm builds and distributes efficient vertical farms throughout cities.

Details of the startup:

  • Valuation: $1.00B (December 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2013
  • Founders: Erez Galonska, Guy Galonska, Osnat Michaeli
  • Number of employees: 250-500
  • Funding: $601.59M
  • Funding rounds: 10
  • Number of investors: 22

You can find their website here.

8) Infobip

Infobip

Infobip is a simple and affordable platform for businesses to communicate with their customers in real time across multiple channels.

Details of the startup:

  • Valuation: $1.00B (July 2020)
  • Country: Croatia
  • City: Vodnjan
  • Started in: 2006
  • Founders: Izabel Jelenic, Roberto Kutic, Silvio Kutic
  • Number of employees: 1,000-5,000
  • Funding: $800.00M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

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