According to PitchBook, investors see a great deal of value behind the Internet of Things:
Since the beginning of 2012, 920 VC investors have participated in at least one of 674 deals for US-based IoT companies, according to the PitchBook Platform. Roughly 48% of the capital has gone to late-stage startups, with around 43% deployed in the early-stage category. So far this year, VC investors have participated in about $830 million worth of financings in the space, on track to pass last year’s high-water mark of $1.1 billion.
PitchBook lists the top eight investors in IoT solutions in the U.S., including TechStars, which has an accelerator in Atlanta, Georgia, and Kleiner Perkins Caufield Byers (KPCB), whose founding partner, Brook Byers is an Atlanta, Georgia native and proud graduate of Georgia Tech.
Want to learn more about the economic impact of the Internet of Things (IoT)? The Time is Now! Register today for the TAG 2017 IoT Symposium, being held August 31 at the Renaissance Waverly Hotel in Atlanta, Georgia.
Presented by title sponsor Honeywell and presenting sponsor SAP, this year’s symposium brings you a host of breakout sessions, top-notch keynote speakers, and more, designed to help you implement the best IoT solutions for your business today. Join this must-attend event!