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Enterprise Industrial IoT Operations Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Industrial IoT Operations Platforms

1.1 - About Enterprise Industrial IoT Operations Platforms sector

Companies in this category deliver connected operations software that ingests sensor, machine, and facility data to monitor assets, predict failures, and automate responses. Enterprise Industrial IoT Operations Platforms unify edge telemetry with cloud analytics to optimize equipment reliability, energy use, and field performance across fleets, buildings, and agricultural sites, providing real-time visibility, prescriptive guidance, and measurable ROI through reduced downtime, safer operations, and lower operating costs.

Vendors typically provide predictive maintenance and machine health diagnostics that analyze vibration and acoustic signals, alongside telematics that detect crashes and risky driving. They offer cloud EMS and demand response controls for HVAC and lighting, as well as building automation, smart access with mobile keys, and precision agriculture sensors for pest counts and disease modeling. Core capabilities include IoT data integration, edge gateways, analytics dashboards, and workflow automation.

Primary customers include industrial manufacturers and plants, multi-site commercial and hospitality operators, and agricultural enterprises and insurers. These platforms help reduce unplanned downtime, cut energy and demand charges, improve safety and compliance, and optimize crop protection with lower pesticide use. Buyers also gain faster incident response, higher asset utilization, and enterprise-wide visibility needed to scale digital transformation across facilities, fleets, and field operations.

2. Buyers in the Enterprise Industrial IoT Operations Platforms sector

2.1 Top strategic acquirers of Enterprise Industrial IoT Operations Platforms companies

Augury Logo

Augury

HQ: United States Website
  • Description: Provider of AI-driven Machine Health and Process Health solutions that deliver insights into machines, processes and operations, using purpose-built AI and a vast data library to help manufacturers boost production, empower teams and achieve sustainable, efficient operations.
  • Key Products:
  • Machine Health: Prescriptive AI diagnostics that analyzes machine signals to predict failures, deliver real-time maintenance guidance, and boost reliability and performance across industrial equipment
  • Guaranteed Diagnostics: Warranty-backed program layering insurance on the Machine Health platform to reimburse repair or replacement costs when Augury’s AI misses a fault
  • Process Health: Prescriptive AI process optimization tool that studies production data to raise efficiency, increase yield, and drive sustainability for manufacturing lines
  • Production Health: Integrated suite offering AI-driven operational insights across industries, assets and personas to empower teams, cut downtime and achieve sustainable production goals.
  • Rationale: Provider of Machine Health diagnostics platform, Guaranteed Diagnostics warranty coverage, and Process Health optimization, predicting failures, guiding maintenance, and boosting uptime.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise Industrial IoT Operations Platforms sector

Description: Companies in this category deliver software that predicts machine failures and optimizes service interventions in industrial environments. Using IoT data and machine-learning models, they monitor equipment health, forecast remaining useful life, and recommend maintenance actions to reduce unplanned downtime. Industrial Machine Predictive Maintenance Software vendors integrate with CMMS/EAM systems, enabling data-driven scheduling, spare parts planning, and improved overall equipment effectiveness across factories and production lines.
SpotSee

SpotSee

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of visual indicators and connected sensors that monitor temperature, impact, tilt, vibration, humidity and liquid exposure across global supply chains; SpotSee’s RFID, QR, cellular and satellite-enabled devices deliver real-time condition data, helping more than 4,500 customers in 62 countries prevent damage and optimise product distribution.
  • Key Products:
  • WarmMark QR: Field-armable temperature indicator offering multiple range options for pharmacies, labs and blood banks, providing visual proof of excursions to assure compliant cold-chain deliveries
  • ShockLog Cellular GL: Cellular-enabled logger monitoring seismic-level impacts and environmental parameters on sensitive equipment in transit or storage, sending alerts when damage thresholds are exceeded for rapid response
  • MaxiLog Alert -80°C: USB data logger rated to –80 °C that records extreme cold transport temperatures and enables direct software download for straightforward compliance reporting and quality assurance
  • ColdChain Complete: Single-use visual indicator tracking 2-8 °C cold-chain limits, delivering accurate irreversible evidence of hot or cold excursions at lowest cost for pharmaceutical shipments
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3. Investors and private equity firms in Enterprise Industrial IoT Operations Platforms sector

3.1 - Buyout funds in the Enterprise Industrial IoT Operations Platforms sector

Buyout Funds investing in Enterprise Industrial IoT Operations Platforms companies

51+ funds
Description: Buyout funds focused on Enterprise Industrial IoT Operations Platforms companies globally.

Verdane

Website HQ: Norway
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Enterprise Industrial IoT Operations Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Enterprise Industrial IoT Operations Platforms sector

Growth Equity Funds in Enterprise Industrial IoT Operations Platforms companies

41+ funds
Description: Growth equity funds focused on Enterprise Industrial IoT Operations Platforms companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise Industrial IoT Operations Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise Industrial IoT Operations Platforms companies

4.2 - Public trading comparable groups for Enterprise Industrial IoT Operations Platforms sector

Description: Public companies in this group deliver industrial IoT connectivity and fleet telematics platforms that unify devices, vehicles, and equipment into monitored, data-driven operations. Business models blend cloud software subscriptions with edge hardware and gateways, enabling remote access, diagnostics, and workflow automation. They are grouped as valuation comparables given similar recurring revenue profiles, device attach economics, and focus on operational efficiency across industrial and transportation end markets.
Samsara logo

Samsara

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of industrial IoT solutions connecting physical operations data to a cloud-based platform to enhance safety, efficiency, and sustainability in industries such as transportation, logistics, and construction.
  • Key Products:
  • Video Safety: AI-powered dash cams for real-time monitoring and safety
  • Telematics: Fleet tracking and location monitoring tools
  • Driver Workflow: Tools for improving driver safety and productivity
  • Equipment Monitoring: Solutions for tracking equipment utilization and diagnostics
  • Site Visibility: Remote monitoring and proactive alerting for operations.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Enterprise Industrial IoT Operations Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Enterprise Industrial IoT Operations Platforms sector

Who are the top strategic acquirers of Enterprise Industrial IoT Operations Platforms companies?

Top strategic buyers in this sector include Augury, a provider of ai-driven machine health and process health solutions that deliver insights into machines, processes and operations, using purpose-built ai and a vast data library to help manufacturers boost production, empower teams and achieve sustainable, efficient operations. .

Which buyer groups are most relevant for Enterprise Industrial IoT Operations Platforms companies?

Relevant strategic buyer groups similar to the Enterprise Industrial IoT Operations Platforms sector include Predictive Machine Maintenance because they share similar customer segments and product capabilities.

Financial Investors in Enterprise Industrial IoT Operations Platforms sector

Which are the top PE firms investing in Enterprise Industrial IoT Operations Platforms companies?

Potential investors in the broader Enterprise Industrial IoT Operations Platforms space include Partech and Verdane.

Who are the top buyout funds acquiring Enterprise Industrial IoT Operations Platforms companies?

Active PE funds and buyout funds acquiring companies in the Enterprise Industrial IoT Operations Platforms space include Verdane.

Who are the top growth equity funds investing in Enterprise Industrial IoT Operations Platforms companies?

Growth funds investing in the broader Enterprise Industrial IoT Operations Platforms sector include Partech.

Valuation of Companies in Enterprise Industrial IoT Operations Platforms sector

Which are the key public companies that are relevant trading comps for Enterprise Industrial IoT Operations Platforms companies?

Key trading comparable groups include Samsara, a provider of industrial iot solutions connecting physical operations data to a cloud-based platform to enhance safety, efficiency, and sustainability in industries such as transportation, logistics, and construction..

Which are the key trading comparable groups for Enterprise Industrial IoT Operations Platforms companies?

Similar trading comparable companies include Industrial IoT Connectivity and Telematics Companies. Our platform tracks detailed trading comparable groups in the Enterprise Industrial IoT Operations Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Enterprise Industrial IoT Operations Platforms sector?

Our platform tracks M&A transactions in the Enterprise Industrial IoT Operations Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Enterprise Industrial IoT Operations Platforms?

Access recent funding rounds in the Enterprise Industrial IoT Operations Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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