myDevices

myDevices is a company that delivers comprehensive Internet of Things (IoT) solutions, enabling seamless sensor deployments across various sectors, including healthcare and agriculture. Founded in 2013 and headquartered in Calabasas, US, myDevices specializes in providing IoT solutions. The company raised USD 3. 000 mn in Series A funding led by Semtech on January 5, 2017.

Kevin Bromber is the CEO of the company, which has focused on delivering tailored IoT projects since its inception. myDevices specializes in providing comprehensive Internet of Things (IoT) solutions designed to simplify sensor deployments across various industries. Their core offerings include a platform that allows users to install, configure, visualize, monitor, and alert on sensor data, alongside back office management tools for sensors, gateways, and customer management. The company’s services address complex use cases in sectors such as healthcare, hospitality, agriculture, and industrial applications by enabling users to create virtual IoT projects that utilize real sensor data.

With an extensive marketplace featuring over 1,000 pre-provisioned sensors and no-code data solutions, myDevices caters to a diverse client base, including businesses looking to streamline operations and enhance productivity. The products are marketed and sold globally, with significant penetration in North America, Europe, and parts of Asia. The revenue structure of myDevices is built around the sale of IoT solutions and professional services, with a focus on recurring business through subscriptions and partnerships. Clients engage with the company by purchasing sensor devices and leveraging software integration services, which are typically structured as direct-to-consumer and B2B transactions.

The company offers tailored pricing plans based on the specific needs of organizations, including options for turnkey solutions and bulk orders for sensors and gateways. Flagship services may include expert installation and consultation, ensuring seamless deployment of the technology. MyDevices’ revenue is generated through these structured transactions that deliver value to clients seeking efficient and scalable IoT implementations. In January 2017, myDevices raised approximately USD 3.

000 mn in Series A funding led by new investor Semtech. This funding will support upcoming product designs and launches aimed at expanding into new geographic markets, though specific release dates and regions targeted for expansion have not been disclosed.