CONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 4
H1 2022 Internet of Things (IoT) Report
H1 2022 timeline
Q2 2022 VC activity
295
total deals
$2.8B
total VC raised
-57.2%
QoQ growth
YTD summary
694
total deals
$9.2B
total VC raised
-7.9%
HoH growth
M&A
January 6, 2022
Family tracking software company Life360
acquires geolocation device company Tile
for $205.0 million. The acquisition occurred
below Tile’s prior VC valuation yet achieved
the highest acquisition deal value we
tracked in H1.
Jan 1
Feb 1
Mar 1
VC deal
March 8, 2022
IoT chip scale-up Syntiant raises a $55.0
million Series C1 at a 2.2x valuation step-up,
resulting in a $415.0 million post-money
valuation. The company brings low-power AI
inference chips to smart home applications,
including Amazon Alexa.
VC deal
February 11, 2022
IoT chip scale-up Ambiq raises a $194.1
million Series F, reaching a $686.8 million
post-money valuation. The company has
achieved breakthroughs in low-power
computing such as for wearable devices.
News
June 29, 2022
Nvidia and Siemens announce a partnership
for the industrial metaverse using digital
twin technology. The partnership fuses
physics-based models from Siemens with
AI simulations from Nvidia to create real-
time visualizations and control of machine
equipment. Nvidia’s involvement shows that
industrial data can be useful for AI models.
Jun 1
Jun 30
VC deal
June 7, 2022
Iconic consumer IoT microcontroller
company Arduino raises a $33.9
million VC round to pursue enterprise
applications. Arduino already partnered
with investors Bosch and Arm on an AI-
enabled microcontroller that senses gas,
pressure, location, and motion and can be
programmed for specific use cases with
Arduino’s software.
M&A
June 8, 2022
IoT giant Siemens acquires predictive
maintenance company Senseye, which
brings computer vision to equipment
monitoring and represents Siemens’ only
IoT acquisition of H1 and only its second
since 2018.
