According to various sources it is estimated that from 2011 to 2015 a whopping amount of $31 billion is being spent on IoT companies. Most of these investments are made by telecommunication firms but a major portion is invested by tech companies like Qualcomm, Google and Cisco.
In 2016 the IoT investments hardly slowed down with the first quarter of the year recording the strongest ever funding at $ 850 million as per CB Insights. Here we bring you the most active internet of things venture capital investors. Read on to know more.
11IoT Investors-True Ventures
According to True Ventures there focus is on “products that capture the imagination” and the companies that have long term market prospects. Both these attributes are basic to Internet of Things Companies.
True Ventures has being in the game for over a decade now starting their journey in 2005. Its VC investments in internet of things include companies like Veniam ( a company building solutions for moving things), Everywear Games and most known Fitbit.Know More