Edge computing and the Internet of Things remain one of the fastest growing areas of the IT industry. Here are three solution providers startups should know who are developing cutting-edge edge computing and IoT technologies.
Life on the Edge (IT).

Edge computing and the Internet of Things remain two of the fastest-growing segments of the IT industry.

Edge Computing is a new distributed computing model that places computing power and data storage close to data sources. A recent report from MarketsandMarkets forecasts that the global edge computing hardware, software, and services market will grow at a CAGR of 19.0 percent from $36.5 billion in 2021 to $87.3 billion in 2026. Meanwhile, the global IoT hardware, software, and services market reached $300.3 billion last year and is expected to grow at a CAGR of 16.7 percent to $650.5 billion by 2026, also forecast by MarketsandMarkets.

Vendors such as Cisco Systems and Hewlett Packard Enterprise are major edge computing and IoT players. But since both technologies are in relatively early stages of development, startups developing edge computing and IoT products are playing a big role in determining what the future will look like. at the edge and IoT.

As part of CRN’s Emerging Vendors for 2022, here’s a look at three startups founded in 2016 or later that are developing edge computing and IoT technologies that solution providers can use to build solutions for their customers.

Established: 2016

Top Director: Girish Rishi, CEO

Cognito develops industrial DataOps software for companies in oil and gas, energy and utilities, manufacturing, and other capital-intensive industries. The Cognite Data Fusion platform aggregates data from industrial systems for a variety of tasks, including predictive maintenance, production optimization, digital twin enablement, and sustainability.

Rishi, formerly CEO of Blue Yonder, became CEO of Oslo, Norway-based Cognite in April. John Markus Lervik, the co-founder of Cognite, now serves as director of strategy and development.

Built: 2018

Top Director: Shivakumar, Co-Founder, and CEO

Cohesion sells an IoT and AI-enabled intelligent building platform for commercial real estate management. The system collects and combines operational and environmental data to help building managers improve the tenant experience. Chicago-based Consistency raised $15 million in Series A funding in November 2021. The company will use the funds for market and product expansion, including developing digital twin technology. The company has a $5 million seed funding round in mid-2020.

Established: 2016

Top Director: Meirav Oren, Co-Founder, and CEO

Versatile’s CraneView hardware and software system collects on-demand manufacturing data and uses machine learning and AI to optimize construction and industrial processes and increase productivity.

Los Altos, California-based Versatile raised $80 million in Series B funding in September 2021.