Betting On IoT: 10 Startups That Landed Funding This Spring


Industrial Internet of Things startup IoTium, which secures network infrastructure for manufacturing floors, in May announced it has secured $8.4 million in Series A financing.

March Capital Partners and GE Ventures led the investment, and former executive vice president and chief development officer at Cisco Pankaj Patel, OpenSource Ventures and Juniper Networks were investors as well.

Santa Clara, Calif.-based IoTium, founded this year, offers a network-as-a-service that essentially secures the connection of legacy on-site systems to cloud-based applications.