About Artificial Intelligence companies in IoT Applications in India
There are 138 Artificial Intelligence companies in IoT Applications in India, including 64 funded companies having collectively raised $282M in venture capital money and private equity. Out of these, 14 are Series A+ funded.
Artificial Intelligence companies in IoT Applications in India has seen 3 acquisitions.
Top Artificial Intelligence companies in IoT Applications in India
There are more than 138 Artificial Intelligence companies in IoT Applications in India. Smart Joules is the top Artificial Intelligence company in IoT Applications in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top Artificial Intelligence companies in IoT Applications in India
Company | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|
2014 | Series A | $7.39M | |
2019 | Series A | $6.52M | |
2017 | Series C | $26.4M | |
2016 | Series A | $22.8M | |
2015 | Series C | $68.6M |
Artificial Intelligence companies founded year-on-year in IoT Applications in India
22 Artificial Intelligence startups in IoT Applications in India were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No of companies founded |
|---|---|
2025 | - |
2024 | 1 |
2023 | 3 |
2022 | - |
2021 | 7 |
2020 | 13 |
2019 | 14 |
2018 | 20 |
2017 | 22 |
2016 | 15 |
Stage-wise distribution of Artificial Intelligence companies in IoT Applications in India
Out of the total 138 Artificial Intelligence companies in IoT Applications in India, 64 have secured funding. Among them, 14 have reached Series A or higher, and 7 to Series B or beyond.
Stage
#Companies
Founded
138
Funded
64
Series A+
14
Series B+
7
Series C+
5
Company Stage | No. of companies |
|---|---|
Founded | 138 |
Funded | 64 |
Series A+ | 14 |
Series B+ | 7 |
Series C+ | 5 |
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Funding Trends in Artificial Intelligence companies in IoT Applications in India
Total funding year-on-year in Artificial Intelligence companies in IoT Applications in India
Artificial Intelligence companies in IoT Applications in India saw a total funding of more than $281M in the last 10 years. The most amount of funding was in 2022 at more than $92.9M. There has been a total funding of $38.1M in 2025 till date.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $38.1M |
2024 | $22.8M |
2023 | $50.1M |
2022 | $92.9M |
2021 | $26.5M |
2020 | $16.3M |
2019 | $9.85M |
2018 | $18.5M |
2017 | $3.64M |
2016 | $1.83M |
Recent Funding Rounds in Artificial Intelligence companies in IoT Applications in India
In the year 2025, till May 2025, Artificial Intelligence companies in IoT Applications in India have raised $38.1M in equity funding across 3 rounds.
In the same period last year (i.e. till May 2024), Artificial Intelligence companies in IoT Applications in India had raised $4.45M across 5 rounds.
So, 2025 has seen a 757.65% rise in funding in Artificial Intelligence companies in IoT Applications in India as compared to 2024.
Here are some recent, important funding rounds in Artificial Intelligence companies in IoT Applications in India
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | Undisclosed | May 27, 2025 | ||
Series C | $35M | Mar 10, 2025 | ||
Series A | $3.14M | Jan 02, 2025 | ||
Series A | Undisclosed | Dec 11, 2024 | ||
Seed | ₹13.1Cr | Dec 09, 2024 |
Top Investors in Artificial Intelligence companies in IoT Applications in India
Qualcomm Ventures is the top investor in Artificial Intelligence companies in IoT Applications in India based on number of companies invested.
Here are some top investors in Artificial Intelligence companies in IoT Applications in India
Investor | Top Portfolio Companies |
|---|---|
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M&A activity in Artificial Intelligence companies in IoT Applications in India
In the year 2022, till December 2022, 1 acquisition happened in Artificial Intelligence companies in IoT Applications in India.
Here are some recent, important acquisitions in Artificial Intelligence companies in IoT Applications in India
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 01, 2022 | ||
Acqui-Hired | Jul 10, 2018 | ||
Business Acquisition | May 29, 2018 |
Acquisition trends in Artificial Intelligence companies in IoT Applications in India
Here are the acquisition trends in Artificial Intelligence companies in IoT Applications in India:
- Total Number of Acquisitions
Year | Number of companies acquisition |
|---|---|
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | - |
2018 | 2 |
2017 | - |
2016 | - |
Colleges which produce the most Artificial Intelligence companies in IoT Applications in India
Companies founded by alumni from top colleges in Artificial Intelligence companies in IoT Applications in India
Most number of Artificial Intelligence startups in IoT Applications in India have been founded by alumni from IIT Bombay, BITS Pilani and IIM Ahmedabad.
College | No of companies |
|---|---|
IIT Bombay | 8 |
BITS Pilani | 4 |
IIM Ahmedabad | 4 |
IIT Kharagpur | 4 |
IIT Madras | 4 |
IIT Roorkee | 4 |
University of California (Berkeley) | 4 |
IIT Kanpur | 3 |
Massachusetts Institute of Technology | 3 |
Cornell University | 2 |
Total funding in Artificial Intelligence companies founded by alumni from top colleges in IoT Applications in India
In the last 10 years, graduates from IIT Madras have raised the most funding for Artificial Intelligence companies in IoT Applications in India, compared to alumni from other top colleges. University of California (Berkeley) alumni are second, and IIT Roorkee alumni are third.
College | Total Funding |
|---|---|
IIT Madras | $115M |
University of California (Berkeley) | $84.2M |
IIT Roorkee | $33.4M |
Massachusetts Institute of Technology | $16.9M |
IIT Bombay | $3.23M |
BITS Pilani | $2.68M |
IIT Kharagpur | $2.68M |
IIT Delhi | $1.8M |
IIM Ahmedabad | $1.74M |
University of California (Los Angeles) | $1.74M |
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