10 South African startups leading innovation in IoT [Digital All Stars]
By Daniel Mpala on 12 March, 2018
Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others.
In two years time, experts predict that 50 billion devices will be connected to the internet. This convergence of devices physical objects — with sensors and software — and the internet, enabling them to transmit and receive data is known as the internet of things (IoT).
With IoT Forum Africa 2018 kicking off this week at the Gallagher Convention Centre in Johannesburg, we look at 10 South African Internet of Things (IoT) startups that are leading innovation in the field, and will likely usher the country into the fourth industrial revolution.
Cape Town-based IoT platform Sensor Networks was founded in 2015 by Mark Allewell. The company has its origins in Bluetooth trackers which helped users find lost items.
Sensor Networks has developed a web platform aimed at helping insurance companies reduce risk through integration with IoT sensors – all of which is built inhouse.
Last year Allewell said the startup secured “less than R10-million” in an equity funding deal from South African venture capital (VC) firm 4Di Capital — through its Exponential Ventures Fund.
Founded in 2015, this Pretoria-based startup focuses on delivering innovative IoT software and hardware solutions. IoT.nxt’s open platform network enables users of the platform to carry out rapid software development and integration.
The startup, which is led by co-founder and CEO Nico Steyn (pictured above), is the winner of the 2017 MTN Business IoT Award and is also a Microsoft Gold Partner for Data Platform.
Last month, the company — which opened an office in The Hague last year — as part of its ongoing expansion into Europe the startup secured a partnership with listed Dutch company ICT Group NV.
The startup reported last year that it had raised R100-million in funding from Talent Holdings.
Read more: http://bit.ly/2FKjtBy
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