Next47

Next47 is an independent, global venture firm backed by Siemens AG that concentrates on enterprise-focused technology companies. It makes fast decisions and shares deep conviction with the teams it backs, aiming to unleash maximum potential. The firm leverages its own global footprint and the Siemens ecosystem spanning hundreds of countries and regions to provide resources and collaboration opportunities. It invests primarily in software, infrastructure, and other information technology sectors, including enterprise AI-enabled solutions.

Lakshmikanth Ananth

Founding CEO and Managing Partner

Lak Ananth

Managing Partner

Cody Anderson

Investor

Michael Aust

Principal

Josiah Bejide

Investor

Past deals in Internet of Things

Skylo Technologies

Venture Round in 2025
Skylo Technologies is an IoT solutions company that provides real-time connectivity for machines and sensors through a satellite network. It offers a satellite transceiver, an IoT hub that aggregates data from offline sensors and transmits to the cloud, and a data platform for remote hub management. The company serves industries including agriculture, rail, logistics, telematics, vehicles and equipment, maritime, disaster management, and utilities infrastructure. Its technology enables disaster response, productivity and safety monitoring for vessels, and the tracking and analysis of machine performance to improve yield and reduce costs. Founded in 2017 and headquartered in San Mateo, California, the company also maintains offices in Bengaluru, India, and Tel Aviv, Israel.

75F

Series B in 2025
Founded in 2012, 75F specializes in IoT-based building automation systems for commercial spaces. Its products include smart sensors, thermostats, and a central control unit, enabling real-time data collection and dynamic adjustments to HVAC performance based on occupancy and environmental changes. This results in improved indoor comfort, energy savings, and reduced operational costs.

Skylo Technologies

Series C in 2024
Skylo Technologies is an IoT solutions company that provides real-time connectivity for machines and sensors through a satellite network. It offers a satellite transceiver, an IoT hub that aggregates data from offline sensors and transmits to the cloud, and a data platform for remote hub management. The company serves industries including agriculture, rail, logistics, telematics, vehicles and equipment, maritime, disaster management, and utilities infrastructure. Its technology enables disaster response, productivity and safety monitoring for vessels, and the tracking and analysis of machine performance to improve yield and reduce costs. Founded in 2017 and headquartered in San Mateo, California, the company also maintains offices in Bengaluru, India, and Tel Aviv, Israel.

Brilliant

Series B in 2021
We make the Brilliant Control, a smart home control system that replaces an existing light switch.

75F

Series A in 2021
Founded in 2012, 75F specializes in IoT-based building automation systems for commercial spaces. Its products include smart sensors, thermostats, and a central control unit, enabling real-time data collection and dynamic adjustments to HVAC performance based on occupancy and environmental changes. This results in improved indoor comfort, energy savings, and reduced operational costs.

Braincube

Venture Round in 2018
Braincube offers an AI-driven industrial IoT platform designed for manufacturers. It collects and structures data from various sources into a secure database, enabling predictive algorithm optimization. This helps production teams manage equipment control settings effectively to maximize productivity.

Falkonry

Series A in 2018
Falkonry develops industrial artificial intelligence software, enabling Fortune 2000 companies to improve operational efficiency. Its platform analyzes time series data to predict critical events, enhance maintenance, and optimize energy usage.

EcoG

Pre Seed Round in 2017
Founded in 2017, EcoG designs and develops Internet of Things (IoT) operating systems for electric vehicle chargers. Its platform offers charging control, backend connectivity, payment solutions, UI components, tools for development and simulation, and an open API architecture that enables app-based services. With offices in Germany, Norway, and the US, EcoG facilitates value-added services by connecting users, vehicles, and infrastructure with local businesses.

Power Plus Communications

Venture Round in 2016
Founded in 2001, Power Plus Communications specializes in Broadband Powerline (BPL) communications for utilities. It offers BPL systems, modems, transformers, and software for smart metering and grid automation. The company's technology uses the existing electricity grid for real-time data transfer, enabling smart grids and remote control capabilities.

CyberFlow Analytics

Venture Round in 2016
CyberFlow Analytics is a cybersecurity firm based in San Diego, California, with additional offices in Silicon Valley. The company specializes in developing FlowScape software, which provides continuous threat assessment and monitoring for enterprise security and the Industrial Internet of Things. Utilizing unsupervised machine learning and behavioral analytics, CyberFlow focuses on detecting Advanced Persistent Threats (APTs) and cyber breaches. The company has introduced the concept of "anomalytics," emphasizing real-time network anomaly detection through advanced analytics. CyberFlow Analytics is led by a seasoned management team, including Dr. Hossein Eslambolchi, Tom Caldwell, and Louie Gasparini.

Power Plus Communications

Venture Round in 2016
Founded in 2001, Power Plus Communications specializes in Broadband Powerline (BPL) communications for utilities. It offers BPL systems, modems, transformers, and software for smart metering and grid automation. The company's technology uses the existing electricity grid for real-time data transfer, enabling smart grids and remote control capabilities.

tado°

Series D in 2015
tado° GmbH is a technology company based in Munich, Germany, with an additional office in London, United Kingdom. Founded in 2010, it specializes in developing and marketing innovative home climate control systems that enhance the efficiency of heating and cooling in residential and small business environments. The company's products integrate a hardware-software combination that leverages real-time data on resident behavior, weather forecasts, and building characteristics to optimize climate management. tado° sells its solutions through both retail outlets and online platforms, effectively bringing Internet of Things technology to the cleantech market.

CyberFlow Analytics

Seed Round in 2015
CyberFlow Analytics is a cybersecurity firm based in San Diego, California, with additional offices in Silicon Valley. The company specializes in developing FlowScape software, which provides continuous threat assessment and monitoring for enterprise security and the Industrial Internet of Things. Utilizing unsupervised machine learning and behavioral analytics, CyberFlow focuses on detecting Advanced Persistent Threats (APTs) and cyber breaches. The company has introduced the concept of "anomalytics," emphasizing real-time network anomaly detection through advanced analytics. CyberFlow Analytics is led by a seasoned management team, including Dr. Hossein Eslambolchi, Tom Caldwell, and Louie Gasparini.

Augmate

Seed Round in 2014
Augmate Corporation is an enterprise-focused company that specializes in developing a platform for industrial smart eyewear applications tailored for deskless workers. Founded in 2013 and based in New York, the company offers an IoT and wearable device management platform that enables organizations to create and deploy cloud-based applications for smart eyewear across various industries, including agriculture, automotive, aviation, construction, manufacturing, medical, and pharmaceuticals. Through its InnoVision program, Augmate allows businesses to evaluate and pilot wearable technology in workplace settings, while its secure, blockchain-based platform manages the integration and connectivity of multiple wearable devices. The platform also optimizes information distribution, ensuring a safe and productive work environment, and supports partnerships with leading hardware manufacturers such as Google Glass and Vuzix.

Power Plus Communications

Convertible Note in 2014
Founded in 2001, Power Plus Communications specializes in Broadband Powerline (BPL) communications for utilities. It offers BPL systems, modems, transformers, and software for smart metering and grid automation. The company's technology uses the existing electricity grid for real-time data transfer, enabling smart grids and remote control capabilities.

J2 Innovations

Series A in 2014
J2 Innovations, Inc. is a software and technology company specializing in solutions for smart device integration and building automation. The company is known for its FIN Framework, an open software platform that enables the development of applications for device programming, control, and enterprise visualization. This platform facilitates automation by utilizing the Project Haystack open tagging and data-modeling standard, allowing for the automation of manual configuration tasks in commissioning automation systems. J2 Innovations also offers the FIN Builder, which allows clients to customize user experiences, create graphics for air handlers and central plants, and visualize various data sources through custom dashboards. Headquartered in Diamond Bar, California, J2 Innovations provides its products through authorized distributors and serves OEM partners, system integrators, and end-users, focusing on enhancing collaboration and reducing development costs. The company was incorporated in 2008 and operates as a subsidiary of Siemens Aktiengesellschaft.

Augmate

Convertible Note in 2014
Augmate Corporation is an enterprise-focused company that specializes in developing a platform for industrial smart eyewear applications tailored for deskless workers. Founded in 2013 and based in New York, the company offers an IoT and wearable device management platform that enables organizations to create and deploy cloud-based applications for smart eyewear across various industries, including agriculture, automotive, aviation, construction, manufacturing, medical, and pharmaceuticals. Through its InnoVision program, Augmate allows businesses to evaluate and pilot wearable technology in workplace settings, while its secure, blockchain-based platform manages the integration and connectivity of multiple wearable devices. The platform also optimizes information distribution, ensuring a safe and productive work environment, and supports partnerships with leading hardware manufacturers such as Google Glass and Vuzix.

Sensys Networks

Venture Round in 2011
Sensys Networks, Inc. is a wireless technology company based in Berkeley, California, specializing in integrated wireless traffic data systems and traffic management solutions. Founded in 2003, the company provides a range of products including FlexMag sensors for vehicle detection, MicroRadar sensors for bicycle detection, and systems for collecting data from Bluetooth and Wi-Fi enabled devices. Sensys Networks also offers various solutions for managing wireless sensor networks, such as FlexControl and Access Point Controller Cards. Their software products, including SNAPS for statistical processing and VIMS Analyzer for vehicle identification, support remote monitoring and lifecycle management. With a focus on adaptive control, parking detection, and traffic data collection, Sensys Networks serves over 150 customers across 40 U.S. states and 10 countries, delivering cost-effective and scalable solutions that enhance urban mobility and traffic management. As of June 2019, Sensys Networks operates as a subsidiary of TagMaster AB.

EnOcean

Series D in 2008
EnOcean GmbH, founded in 2001 and headquartered in Oberhaching, Germany, specializes in energy harvesting technology and wireless sensor solutions for building automation, industrial applications, and environmental monitoring. The company offers a range of products, including energy converters, wireless sensors, controllers, transmitters, receivers, and development tools, designed to enable maintenance-free, battery-less operations in various environments. EnOcean's innovative technology allows sensors to harvest energy from their surroundings, making them ideal for applications in smart homes, lighting systems, and automated meter reading. The company distributes its products through a network of partners across numerous countries, including Austria, Belgium, Canada, China, Germany, the United States, and several others in Europe and beyond. EnOcean's solutions aim to enhance energy efficiency and user convenience in the growing Internet of Things market.

G2 Microsystems

Series B in 2006
G2 Microsystems, Inc. is a company specializing in the design, development, and marketing of low-power Wi-Fi system-on-chip solutions and networking applications. Founded in 2004 and headquartered in Campbell, California, G2 Microsystems serves a diverse range of industries, including healthcare, oil and gas, chemicals, government, and automotive, by providing innovative asset tracking solutions. Additionally, the company's technology supports wireless sensing applications across enterprises, retail environments, factories, and warehouses. G2 Microsystems also caters to consumer electronics, offering modules that enhance connectivity for devices such as media players, gaming platforms, digital cameras, remote controls, headsets, and computer peripherals. The company maintains a research and development facility in Sydney, Australia, to further its technological advancements.

EnOcean

Series C in 2005
EnOcean GmbH, founded in 2001 and headquartered in Oberhaching, Germany, specializes in energy harvesting technology and wireless sensor solutions for building automation, industrial applications, and environmental monitoring. The company offers a range of products, including energy converters, wireless sensors, controllers, transmitters, receivers, and development tools, designed to enable maintenance-free, battery-less operations in various environments. EnOcean's innovative technology allows sensors to harvest energy from their surroundings, making them ideal for applications in smart homes, lighting systems, and automated meter reading. The company distributes its products through a network of partners across numerous countries, including Austria, Belgium, Canada, China, Germany, the United States, and several others in Europe and beyond. EnOcean's solutions aim to enhance energy efficiency and user convenience in the growing Internet of Things market.

EnOcean

Series B in 2004
EnOcean GmbH, founded in 2001 and headquartered in Oberhaching, Germany, specializes in energy harvesting technology and wireless sensor solutions for building automation, industrial applications, and environmental monitoring. The company offers a range of products, including energy converters, wireless sensors, controllers, transmitters, receivers, and development tools, designed to enable maintenance-free, battery-less operations in various environments. EnOcean's innovative technology allows sensors to harvest energy from their surroundings, making them ideal for applications in smart homes, lighting systems, and automated meter reading. The company distributes its products through a network of partners across numerous countries, including Austria, Belgium, Canada, China, Germany, the United States, and several others in Europe and beyond. EnOcean's solutions aim to enhance energy efficiency and user convenience in the growing Internet of Things market.

EnOcean

Series A in 2002
EnOcean GmbH, founded in 2001 and headquartered in Oberhaching, Germany, specializes in energy harvesting technology and wireless sensor solutions for building automation, industrial applications, and environmental monitoring. The company offers a range of products, including energy converters, wireless sensors, controllers, transmitters, receivers, and development tools, designed to enable maintenance-free, battery-less operations in various environments. EnOcean's innovative technology allows sensors to harvest energy from their surroundings, making them ideal for applications in smart homes, lighting systems, and automated meter reading. The company distributes its products through a network of partners across numerous countries, including Austria, Belgium, Canada, China, Germany, the United States, and several others in Europe and beyond. EnOcean's solutions aim to enhance energy efficiency and user convenience in the growing Internet of Things market.

Graviton

Series D in 2001
Graviton, Inc. was a high-tech, privately-held, development-stage company located in La Jolla, California. Graviton was a pioneer in the emerging “sensornetics” industry – producing small, aspirin-sized sensors to expand the capacity of the public and private sectors to manage buildings, infrastructure, and other elements of the engineered world. Graviton developed sensor technology to keep managers informed, used wireless communications to provide operations data and real-time connections, and provided managed information services to keep managers in control. Graviton’s integrated solutions were designed to expand the “common sense” of managers and decision-makers at every level by generating, transmitting, and managing new data to provide more accurate, timely, and actionable intelligence to better inform everyday decision-making. In 2003, Graviton merged with Xsilogy, a provider of wireless sensor network technologies and applications.
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