IoT Startups Receive Record Funding Despite Venture Capital Cool-Down
IoT companies raising funds in 2022 pulled in $15.9m on average, up 30% from the previous year, reveals new research by Avnet Abacus, an electronics distributor that consults engineers when they’re designing new products. The engineering firm analysed Crunchbase data for companies listed under the Internet of Things to provide insight on the level of investment activity happening within the IoT. Q4 2022 hedge fund letters, conferences and more Commenting on the study’s findings, Dr Sara Ghaemi, Avnet Abacus’s Technical Director, says “The amount of funding companies receive in any product cate...