A new analysis of startup funding in the IoT sector in 2022 has revealed that the average amount of investment in Internet of Things companies is at an all-time high in Europe and the highest in over a decade in the United States.
IoT startups receive record funding despite venture capital cool-down
The average amount of capital raised by IoT startups in 2022 reached the highest point in over a decade, despite a 22% drop in total funding within the sector and an overall 35% decline in venture capital markets. Source