The 10 Coolest Industrial IoT Companies: The 2025 Internet Of Things 50
Here’s a look at 10 of the coolest and most noteworthy vendors who are innovating and making big moves within the industrial IoT space.
These innovations include AssetWatch’s predictive maintenance and condition monitoring solutions that are easy to install, Augury’s AI-powered solutions for maximizing yield time and reducing downtime as well as Honeywell’s AI-enabled platform for improving productivity and optimizing operations.
Facing significant opportunities ahead, the vendors behind these solutions have achieved noteworthy milestones over the past year, with companies like Tractian and Novity announcing new funding rounds and others like ABB Group and Johnson Controls revealing new products with generative AI capabilities.
For the 2025 Internet of Things 50, CRN picked these and other companies it deemed the most noteworthy vendors within the industrial IoT space. What follows are descriptions of each company, which also includes Avassa, Flowfinity and Samsara.
ABB Group
Morten Wierod
CEO
ABB Group is seizing on its deep industrial domain expertise to transform data into insight with its portfolio of hardware and software. In December, the Oerlikon, Switzerland-based company unveiled the launch of ABB Ability Genix Copilot, which uses large language models like GPT-4 to contextualize data and provide insight.
AssetWatch
Brian Graham
CEO
AssetWatch is helping a wide range of manufacturers avoid the difficulties of unplanned downtime with its predictive maintenance and condition monitoring offerings that it says are easy to install. The Westerville, Ohio-based company in January disclosed that it had received an investment from global ink manufacturer INX International Ink Co. as part of its $40 million Series B round to expand its business and its development strategy.
Augury
Saar Yoskovitz
Co-Founder, CEO
Augury is using its AI-powered Machine Health and Process Health offerings to maximize yield and reduce downtime, among other things, for manufacturers. The New York-based company in February said that it had raised a $75 million funding round after increasing its revenue by five times and tripling its Fortune 500 customer base since 2021.
Avassa
Fredrik Lundberg
CEO
Avassa is making it easy to manage edge applications across hundreds or thousands of locations with its “application-centric” edge platform. The Stockholm, Sweden-based company in October said that it had received a strategic investment from global fashion retailer H&M Group, which plans to use its platform for in-store IT infrastructure.
Flowfinity
Dmitry Mikhailov
President, CEO
Flowfinity is helping businesses overcome barriers in creating industrial IoT solutions with hardware and software that provides connectivity, security and device management out of the box. In November, the Vancouver, British Columbia-based company said that it had expanded its data center capacity and added new Nvidia GPU clusters to support a range of new AI capabilities.
Honeywell
Vimal Kapur
CEO
Honeywell is tapping into its extensive industrial expertise to help companies improve productivity and optimize operations with its AI-enabled Honeywell Forge IoT platform. In October, the Charlotte, N.C.-based company said that it was partnering with Google Cloud to release generative AI-powered agents that can help quickly resolve maintenance issues, among other things.
Johnson Controls
Joakim Weidemanis
Chairman, CEO
Johnson Controls is helping companies make buildings secure, healthier and more sustainable with its OpenBlue platform and ecosystem. The Milwaukee-based company said in November that it “significantly expanded AI capabilities” in its OpenBlue Enterprise Manager, which includes integrated generative AI tools meant to “proactively recommend impactful energy savings projects.”
Novity
Markus Larsson
Founder, CEO
Spun out of the research lab formerly known as Xerox PARC, Novity combines machine learning and physics-based models to perform predictive maintenance on industrial equipment at high accuracy. The San Carlos, Calif.-based company said in February that it had raised $7.8 million in funding to enhance its platform and accelerate sales efforts.
Samsara
Sanjit Biswas
Co-Founder, CEO
Samsara is helping businesses in a wide range of industries improve their operations with a platform that derives insight from sensor and location data, among other types. In December, the San Francisco-based company unveiled an expanded suite of AI offerings called Samsara Intelligence, which includes a generative AI tool that “provides instant answers to complex operational questions.”
Tractian
Igor Marinelli, Gabriel Lame
Co-Founders, Co-CEOs
Tractian is working with industrial companies to reduce their downtime and improve productivity with integrated hardware and offerings for asset monitoring, physical operations and maintenance management. The Atlanta-based company in December said it had raised a $120 million funding round to expand its portfolio and head count.
