IoT Day brings the top 5 emerging IoT Startups

The third edition of TiE Bangalore’s annual Internet of Things (IOT) Day conference summed up by featuring the “Top 5 Emerging IoT Startups of India,” working around with the keynote addresses, panel discussions and workshops, Founders of the following startups presented their innovations and business plans including Numocity, Noos Technologies, TrillBit, Vyuti, and ThingsCloud.

Vyuti is a visual object intelligence provider for manipulation of objects by robotic arms. It can pick, orient, and place objects in various locations. With proper training and collaborations, the solution can be deployed in sectors as varied as manufacturing, construction, healthcare, and warehousing. While there are many solutions in the market for object recognition, there are few frameworks for dynamic object manipulation. Founded by NA Gokul, Vyuti is found to collaborate with TVS, AMS, and Sansera for deployment.

Numocity is a platform for businesses in the electric vehicle ecosystem across the stages of generation, delivery, and consumption. Electric vehicle and battery manufacturers, energy providers, charging stations, and fleets can be connected via a transaction engine, distributed ledger, and an AI-based engine. Insights from the platform are further to be implemented for better fleet management, load distribution, driver behaviour insights, and even policy inputs for government. Founded by Ravikiran Annaswamy, this startup was a member of Bosch’s DNA 2.0 Cohort in 2018 and is still in functions with the company on EV fleet solutions.

TrillBit offers proximity intelligence by sound instead of expensive methods like beacons or NFC. At frequencies beyond the human audible range, data can be transmitted via any loudspeaker and received by any smartphone. The solution needs no extra hardware; any app with the TrillBit SDK can decrypt the information. Further applications invlove hyper-local marketing in malls, stadiums, and museums. Founded by Shashikant Burnwal, the startup has filed four patents and has conducted pilot trials with the Future Group and TicketGenie. Moreover, it was also a part of TechStar’s accelerator programme in Boston.

ThingsCloud is a startup that offers solar inverter solutions for residential energy systems. This step makes it convenient for residential solar providers to monetise excess energy generated and store backup power for use during grid outages. The solution by ThingsCloud also looks after AI-based insights for predicting supply and demand. Founded by Amruth Puttapa, the company’s inverters are on sale in Bengaluru, Coimbatore, and Kadappa.

Noos Technologies offers counterfeit-proof solutions for brand protection and tracking. Founded by Koushik Banerjee, the startup has built packaging security technology that could be verified via a smartphone. An estimated $150 billion is spent annually on security of packages to detect and prevent tampering. The proprietary technology by Noos is influenced on dynamic digital signature generation and develops beyond the capabilities of recent solutions like holograms, QR codes, and NFC. Hence, the startup has seed funding from SINE (IIT Bombay), Intel, and DST.

In a concluding panel, the five founders shared insights from their journeys along with Ravi Gururaj, President of TiE Bangalore, Naganand Doraiswamy, Founder of IdeaSpring Capital, and Som Pal Choudhury, Partner at Bharat Innovation Fund.