Losant IoT, Inc.

Losant IoT, Inc. is an enterprise-focused Internet of Things (IoT) platform provider that enables organizations to connect, visualize, and automate their devices and data for enhanced operational efficiency. Founded in 2015 and headquartered in Cincinnati, US, Losant IoT, Inc. specializes in providing an Enterprise IoT Platform.

The company was founded by Brandon Cannaday and Charlie Key, with Charlie Key currently serving as the CEO. Losant IoT, Inc. has successfully raised a total of USD 9. 954 million across multiple funding rounds, with the most recent round being a Series C completed on September 26, 2023.

This funding round raised USD 9. 954 mn, which is the total amount raised to date. Losant has conducted a total of 6 deals throughout its history. Losant offers a robust Enterprise IoT Platform that provides a suite of tools designed to facilitate the connection, visualization, and automation of devices and data.

The platform's core functionalities include a low-code workflow engine that enables users to collect, centralize, and integrate data from various connected devices and systems, ultimately delivering real-time insights and actionable intelligence. This offering is geared towards enterprises aiming to revolutionize their operational strategies by enhancing data management and orchestration. Key use cases include industrial equipment monitoring, asset tracking, and condition-based maintenance, where clients leverage Losant’s capabilities to improve efficiency and drive business growth. The platform serves a diverse clientele, including notable companies in the construction and technology sectors, with applications deployed across North America and expanding into other global markets.

Losant generates revenue primarily through subscription-based models for its Enterprise IoT Platform, allowing clients to access various features and functionalities tailored to their operational needs. Clients typically engage with Losant through direct partnerships, where they subscribe to the platform based on their device and user requirements, ensuring scalability as their businesses grow. The pricing structure reflects the platform's capabilities, with options that cater to different levels of service and support, aligning with the complexity of the solutions deployed. By focusing on enterprise clients, Losant facilitates transactions that enhance clients' operational efficiencies and improve overall data management while fostering long-term relationships through ongoing support and updates.

The flagship offerings, including the Connected Product Foundation, exemplify Losant's commitment to reducing development time and complexity for connected products. In September 2023, Losant IoT, Inc. raised USD 9. 95 mn in Series C funding, which will be utilized to further develop their Enterprise IoT Platform and support strategies for market expansion.

The company plans to introduce new product features designed to enhance user experience and functionality, as well as to expand its market reach into new geographical regions beyond North America. In February 2026, SUSE Software Solutions Germany GmbH, a portfolio company of EQT, acquired Losant IoT, Inc. from CincyTech, Revolution Ventures, TechNexus Venture Collaborative, and Vine St. Ventures.

Financial terms were not disclosed. The company plans to introduce new product features designed to enhance user experience and functionality, as well as to expand its market reach into new geographical regions beyond North America.