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8 Internet of Things Startups That Raised Funds in 2014

Misfit Wearables raised $40 million in Series C funding last week. Misfit Wearables' funding round was led by GGV Capital, along with Jingdong, Norwest Venture PartnersFounders Fund, Khosla Ventures, Horizons Ventures, Shunwei China Internet Fund, and XiaomiMisfit Wearables plans to use the additional capital to further develop products and expand into China.

8 Internet of Things Companies That Raised Funds in 2014

Misfit Wearables is one of 60 companies featured in our Internet of Things Watchlist. Below we feature 8 Internet of Things companies that raised funds in 2014.
Misfit develops wearable products and wearable sensor technology. Misfit is focused on making products and services in the consumer health and fitness space to inspire people be more active and develop healthy habits. Misfit’s first product is the Shine, an elegant personal activity tracker that you can instantly sync with your smartphone just by placing the device on the screen. Since then, Misfit has created various wearable products that are distinguished for their long battery life and simplicity of design.

  • Founded: 2011
  • Location: Redwood City, CA
  • Total Funding: $63 million
  • Recent Funding: $40 million in December 2014

Electric Imp develops the Imp, a chip intended to provide connectivity to all electrical devices. The Imp uses WiFi and a cloud service to make it easier for vendors to internet-enable their products. The Imp card is sold to consumers and to manufacturers, and Imp-enabled devices can be accessed on the web or on mobile devices using Electric Imp's application or third-party apps.

  • Founded: 2011
  • Location: Cambridge, Cambridgeshire (GBR)
  • Total Funding: $23 million
  • Recent Funding: $15 million in August 2014

Jawbone develops products and services for the mobile lifestyle that are unparalleled in their innovation, ease-of-use and sophistication of design. Jawbone created ICON Bluetooth headset, NoiseAssassin® technology (military-grade noise eliminating technology); JAMBOX (intelligent wireless speaker and speakerphone), and THOUGHTS (mobile service allowing users to utilize their voice in a new way).

  • Founded: 1999
  • Location: San Francisco, CA
  • Total Funding: $518.8 million
  • Recent Funding: $147 million in September 2014

tado° is a heating app for private homes and small businesses. tado adjusts to the residents' behavior in real time, takes current weather forecasts and builds these characteristics into account.

  • Founded: 2011
  • Location: Munich, Bayern
  • Total Funding: $16.2 million
  • Recent Funding: $13.6 million in July 2014

LIFX is a wifi-enabled, energy efficient, multi-colored bulb that can be controlled with an iPhone or Android. LIFX gives users unprecedented control of their lights, reduces their energy costs, and lasts up to 25 years. LIFX's features include controlling lights from anywhere, choosing brightness for a specific bulb, creating different colors, visualising their music with animated colors.

  • Founded: 2012
  • Location: San Francisco, CA
  • Total Funding: $13.32 million
  • Recent Funding: $12 million in June 2014

Jasper develops cloud-based platforms for the launch, management and monetization of Internet of Things (IoT) deployments around the globe. Jasper's unique cloud solution is a turnkey platform for turning product businesses into service businesses. Jasper is deeply integrated with mobile networks and the enterprise to deliver everything required to run an IoT business, from connectivity and monitoring, to diagnostics and billing, plus anything in between. To date, more than 1,500 enterprise businesses have standardized on the Jasper Platform across 21 mobile operator groups worldwide.

  • Founded: 2004
  • Location: Mountain View, CA
  • Total Funding: $205.5 million
  • Recent Funding: $50 million in April 2014

EVRYTHNG is an online platform providing for the Internet of Things. Evrythng connects products by startups and businesses to the web. Evrythng also enables customers to connect to products. Evrythng provides a range of managed applications to help make products smart.

  • Founded: 2011
  • Location: London, London, City of GBR
  • Total Funding: $7 million
  • Recent Funding: $7 million in April 2014

Ayla Networks is creating end-to-end solutions that allow manufacturers to turn home controls, HVAC, appliances, lighting and other everyday products into intelligent devices managed in the cloud.

  • Founded: 2010
  • Location: Sunnyvale, CA
  • Total Funding: $25.4 million
  • Recent Funding: $14.5 million in April 2014