Samsung NEXT

Samsung NEXT is an innovation group within Samsung Electronics that focuses on identifying and pursuing new growth opportunities. Through Samsung NEXT Ventures, it acts as the company’s venture capital arm, investing in early-stage startups and technologies with potential to redefine multiple industries. The group targets areas including artificial intelligence, fintech, blockchain, health technology, infrastructure, media technology, software, and related fields such as robotics and drones. By combining internal startup acceleration with external investments, Samsung NEXT aims to accelerate technology adoption and create scalable platforms that complement Samsung’s hardware and software ecosystems.

Sam Campbell

Investor

Carlos Castellanos

Venture Capitalist

Leo Chang

Principal

Andy Duong

Principal

Lizzy Goldman

Investor

Antonio Key

Investor

Brendon Kim

Managing Director | Vice President | Head of Investments

Joan Kim

Investor

Emily Koster

Director of Communications

Amy Lee

Investor

Raymond Liao

Managing Director

Jonathan Machado

Investor

Yonatan Machado

Senior Investment Director

Eyal Miller

Vice President

Nick Nigam

Principal, Seed to Series B Venture Capital Investments

Caroline Rehfuss

Investor

John Rodkin

Managing Director

Past deals in Internet of Things

Monogoto

Series A in 2024
Monogoto provides a cloud-based cellular network and API-driven Infrastructure-as-a-Service that enables enterprises to integrate cellular connectivity with their existing IT infrastructure. The platform supports IoT, private LTE, and 5G use cases with edge-to-cloud security, comprehensive network event auditing, anomaly detection, and automated alerts. It offers an enterprise-friendly, zero CAPEX, as-a-Service model and global reach, with public connectivity in many countries and options for roaming across private and public networks. The solution supports on-premise local breakout for private networks and private wireless broadband, helping organizations achieve secure, scalable cellular connectivity with centralized management and roaming capabilities worldwide.

Expanso

Seed Round in 2024
Expanso specializes in distributed computing, offering a platform that efficiently processes data across diverse environments, including edge, cloud, and on-premises. Leveraging open-source technology and hardware-agnostic adaptability, the platform orchestrates jobs to run directly where data is generated and stored, minimizing data transfers and enhancing privacy. This approach simplifies data management, reduces latency, and optimizes costs, making it well-suited for complex, decentralized data landscapes.

Synadia Communications

Series B in 2024
Synadia Communications develops and maintains NATS.io, an open-source messaging system designed for cloud-native applications, microservices architectures, IoT, and other distributed systems. Founded in 2017, the company offers commercial support, consulting services, and training around its technology.

Xyte

Series A in 2024
Xyte is a developer of a hardware-as-a-service platform that provides hardware manufacturers with a comprehensive cloud-based solution for managing their connected device businesses. The platform offers a white-labeled system that allows device makers to efficiently handle their customers, resellers, and devices. By leveraging Xyte's technology, manufacturers can explore new subscription-based business models and maximize the potential of their connected products. This end-to-end platform aims to streamline operations and enhance the overall customer experience in the evolving landscape of connected devices.

Ingonyama

Seed Round in 2023
Ingonyama specializes in developing high-performance zero-knowledge-proof hardware accelerators. Their innovative chip design, coupled with advanced algorithms and mathematical expertise, enables developers to build cryptographic applications more efficiently.

Expeto

Series B in 2022
Expeto delivers a private mobile networking platform designed for enterprises to securely extend public and private mobile networks into a single corporate wide area network. The solution is containerized software that can be installed behind the firewall and delivered as a service from cloud, edge, or on premises, enabling IT to deploy and manage the network with simplicity. It replaces hardware heavy legacy systems by providing a scalable, software driven approach that sits behind the firewall while maintaining control over data and devices. The platform enables secure control and coordination across operations, logistics, analytics, and reporting, supporting global deployment of connected devices within the private network. By design, it reduces reliance on untrusted third parties and methods, allowing organizations to manage connectivity and devices through a unified, secure, and centrally governed environment. Expeto emphasizes ease of deployment and management similar to a Wi-Fi network, but at carrier scale for enterprise needs.

ZEDEDA

Series B in 2022
ZEDEDA, Inc. is a developer of cloud-native edge virtualization software that provides visibility, control, and security for IoT edge gateways, applications, and networks at the enterprise edge. Founded in 2016 and headquartered in Santa Clara, California, with additional offices in Bengaluru and Pune, India, the company offers solutions such as Edge Quick Connect for Azure IoT Edge. This software-as-a-service enables customers to manage and secure their IoT deployments through virtualization and facilitates the use of cloud-managed gateways for remote administration. ZEDEDA's platform supports a variety of applications, including predictive analytics in renewable energy and industrial automation, allowing organizations to monitor and manage real-time edge applications while avoiding vendor lock-in.

MachineFi

Seed Round in 2022
MachineFi Lab is a company focused on the development of Internet of Things (IoT) and blockchain technologies. It specializes in creating a software platform that integrates various machines, providing a comprehensive infrastructure suite. This suite includes an Ethereum Virtual Machine (EVM) blockchain, a multichain crypto wallet, a blockchain bridge, and an onboarding platform. Additionally, MachineFi Lab offers software development kits (SDKs) that empower developers to build applications and establish machine networks. Through its innovative solutions, the company aims to enhance connectivity and functionality within the IoT ecosystem.

ZaiNar

Series A in 2021
ZaiNar, Inc. is a technology company founded in 2016 and based in Menlo Park, California, specializing in automatic location tracking solutions. The company has developed a platform that utilizes radio signals to accurately track the real-time locations of various items, including cellphones, vehicles, drones, and IoT devices. ZaiNar’s innovative approach allows for positioning with a range exceeding 200 meters and sub-meter accuracy, making it a scalable and cost-effective alternative to traditional tracking methods. Its technology is particularly advantageous in dynamic industrial environments, where it enables clients to monitor assets without requiring a direct line of sight.

Terra API

Seed Round in 2021
Terra facilitates seamless health data exchange. It connects applications with various wearables, sensors, and blood labs.

Cylera

Series A in 2021
Cylera is a healthcare IoT cybersecurity company that protects healthcare organizations from cyber threats and malware by providing a unified, asset-centric platform for managing devices, assessing risks, and detecting threats across the connected IoT environment. Founded in 2017 and based in New York, the company delivers centralized software that identifies all devices, analyzes vulnerabilities, and enables automated threat responses, supporting healthcare providers, enterprises, and government agencies in securing critical medical and operational IoT assets.

Rezilion

Seed Round in 2019
Rezilion, Inc. is a cybersecurity company that specializes in developing a cloud workload protection platform aimed at securing software and cloud networks. Founded in 2018 and based in Be'er Sheva, Israel, Rezilion offers a range of services, including dynamic whitelisting, application control, vulnerability management, and exploit prevention. Its innovative platform employs Dynamic SBOM technology to automate security operations, helping organizations identify, prioritize, and remediate software vulnerabilities more efficiently. By providing insights into software components across various environments—such as on-premises, cloud, and IoT devices—Rezilion enables clients to understand their attack surface and focus on critical vulnerabilities. The platform also streamlines the remediation process by clustering vulnerabilities and executing fixes automatically, ultimately freeing up development teams to concentrate on building rather than securing.

Cylera

Seed Round in 2018
Cylera is a healthcare IoT cybersecurity company that protects healthcare organizations from cyber threats and malware by providing a unified, asset-centric platform for managing devices, assessing risks, and detecting threats across the connected IoT environment. Founded in 2017 and based in New York, the company delivers centralized software that identifies all devices, analyzes vulnerabilities, and enables automated threat responses, supporting healthcare providers, enterprises, and government agencies in securing critical medical and operational IoT assets.

Cylera

Seed Round in 2017
Cylera is a healthcare IoT cybersecurity company that protects healthcare organizations from cyber threats and malware by providing a unified, asset-centric platform for managing devices, assessing risks, and detecting threats across the connected IoT environment. Founded in 2017 and based in New York, the company delivers centralized software that identifies all devices, analyzes vulnerabilities, and enables automated threat responses, supporting healthcare providers, enterprises, and government agencies in securing critical medical and operational IoT assets.

UniKey Technologies

Convertible Note in 2017
UniKey Technologies specializes in smart access control solutions. It offers a mobile platform that replaces traditional keys with smartphone-based electronic keys, featuring touch-to-open technology, intelligent detection of user location, and robust security measures. The company partners with lock manufacturers like Kwikset and Weiser to create smart locks such as Kevo, and provides cloud-based lock management for multifamily properties and commercial businesses.

Filament

Series A in 2017
Filament builds blockchain hardware and& software solutions for enterprise and IoT. Filament’s distributed blockchain capabilities leverage open protocols so that devices are able to independently process and record transactions, ensuring digital trust. Its new trusted application software and Blocklet Chip, currently in beta, are designed to communicate and interact with multiple blockchain technologies natively. The software, implemented on existing hardware, will deliver a secure distributed ledger technology solution. The Blocklet Chip will allow industrial corporations and enterprises to seamlessly extract the value of recording and monetizing data assets, at the edge of the network, on the sensors themselves.

Bayshore Networks

Series A in 2017
Bayshore Networks, Inc. is a cybersecurity company focused on the industrial Internet of Things (IoT), established in 2012 and based in Durham, North Carolina. The company specializes in developing software solutions designed to safeguard operational technology (OT) environments from internal and external cyber threats. Its flagship product, the Bayshore IT/OT Gateway, provides critical functionalities such as granular inspection and filtering of network flows, policy building and enforcement, and the detection of industrial protocols. Bayshore's software enhances visibility for industrial enterprises, enabling them to manage and protect their applications, networks, and machinery effectively. Additionally, Bayshore Networks collaborates with major technology firms, including Cisco Systems, BAE Systems, and VMware, to deliver solutions that ensure operational continuity, data protection, and improved safety in industrial settings. The company's innovations have positioned it as a leader in the cybersecurity landscape for industrial applications.

UniKey Technologies

Venture Round in 2016
UniKey Technologies specializes in smart access control solutions. It offers a mobile platform that replaces traditional keys with smartphone-based electronic keys, featuring touch-to-open technology, intelligent detection of user location, and robust security measures. The company partners with lock manufacturers like Kwikset and Weiser to create smart locks such as Kevo, and provides cloud-based lock management for multifamily properties and commercial businesses.

Filament

Series A in 2015
Filament builds blockchain hardware and& software solutions for enterprise and IoT. Filament’s distributed blockchain capabilities leverage open protocols so that devices are able to independently process and record transactions, ensuring digital trust. Its new trusted application software and Blocklet Chip, currently in beta, are designed to communicate and interact with multiple blockchain technologies natively. The software, implemented on existing hardware, will deliver a secure distributed ledger technology solution. The Blocklet Chip will allow industrial corporations and enterprises to seamlessly extract the value of recording and monetizing data assets, at the edge of the network, on the sensors themselves.

UniKey Technologies

Series A in 2015
UniKey Technologies specializes in smart access control solutions. It offers a mobile platform that replaces traditional keys with smartphone-based electronic keys, featuring touch-to-open technology, intelligent detection of user location, and robust security measures. The company partners with lock manufacturers like Kwikset and Weiser to create smart locks such as Kevo, and provides cloud-based lock management for multifamily properties and commercial businesses.
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