Over $US31bn invested in IoT startups in 2011-2015: Ovum

Acquistions grew from four to 19 within the period

Telco and tech firms spent more than $U31billion on startups related to the Internet of Things (IoT) between 2011 and 2015, according to new research from Ovum.

The analyst firm found that the number of acquisitions grew from four deals in 2011 to 19 deals in 2015 and the number of investments peaked in 2013 as companies like Fitbit attracted more interest from the technology and telco sectors.

Ovum found the biggest single investment in 2015 to a $US115m Series D round for network provider Sigfox. The funding came from a group including venture funds from Telefonica, NTT Docomo and SK Telecom.

“Using data from Ovum’s IoT Investments Tracker, Ovum tracked 76 deals across 8 sectors including IT services, wearables and connected cars. Intel led the charge with its $US16.7bn acquisition of chipset maker Altera, while Verizon, Google and Qualcomm each made at least one acquisition over US$1bn during the reporting period,” said Digital Service senior analyst, Francesco Radicati.

He added, “While telcos are growing more interested in IoT, the data shows that vendors like Intel and Qualcomm, and tech giants like Google, are still putting the most money into the sector. Thanks to their corporate venture funds and their proximity to key innovation ecosystems, these firms have the expertise to identify up-and-coming IoT startups as well as the funds needed to invest and acquire such companies.”

Radicati claimed telcos are also becoming more active themselves, by setting up their own venture funds and startup accelerators and by making acquisitions to support their existing strategies.

“Notable examples are Verizon’s 2012 purchase of Hughes Telematics and Vodafone’s 2015 acquisition of connected car service provider Cobra,” he continued.


Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags GoogleintelqualcommovumverizonalteraInternet of ThingsIoTdigital serviceSigFoxFrancesco Radicati

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Holly Morgan
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?