3 SaaS Startups in the Sensor Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Sensor industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 3 VC funded SaaS startups in the Sensor industry.

SIERA.AI

SIERA.AI provides industrial operations with a SaaS dashboard to digitize compliance paperwork, monitor equipment health, and track safety violations using data from AI-enabled sensors, assisting them in increasing the productivity and safety of their industrial vehicles (such as forklifts, tow tractors, cranes, etc.). Manufacturing, transportation, wholesale and retail commerce, logistics, utilities and energy, government, and the food and beverage industry are just a few of the industries served by SIERA.AI, which is based in North America.

Company details:
Founders:
Saurav Agarwal, Suhas Ahuja
Founded:
2017
Based in:
Austin, Texas, United States
Website:
SIERA.AI
Industries:
Artificial Intelligence, Computer Vision, Industrial Automation, Internet of Things, Machine Learning, Manufacturing, Predictive Analytics, SaaS, Sensor, Software
Latest funding:
$6,800,000
Seed
3 November 2021
Total funding:
$6,800,000
Investors
Texas HALO Fund, Parkway Venture Capital, Ubiquity Ventures

StormSensor

StormSensor offers a stormwater management solution that automates workflow for inspections, data monitoring, and reporting. Its customers spend billions of dollars on manual processes to monitor and report the quality of stormwater in each catch basin in the country, maintaining compliance in an extremely fluid regulatory environment. StormSensor software packages integrate with any smartphone or tablet to automate and simplify the inspection, field, and regulatory reporting workflow while providing on-demand weather and data visualization. StormSensor was founded in 2015 and headquartered in Seattle, Washington.

Company details:
Founders:
Anya Stettler, Erin Rothman
Founded:
2015
Based in:
Seattle, Washington, United States
Website:
StormSensor
Industries:
Infrastructure, SaaS, Sensor, Software, Water
Latest funding:
$10,000,000
Series A
1 December 2021
Total funding:
$13,512,500
Investors
Techstars, Orbia Ventures, Gratitude Railroad, Buoyant Ventures, TitletownTech

VergeSense

The top workplace analytics software, VergeSense, is used by businesses all around the world. Businesses utilize VergeSense to change their static workplace into one that meets the requirements and expectations of today's workforce. Intelligent sensors built into its AI-driven platform allow it to continuously monitor how much space is being used. This information is examined on a workspace analytics dashboard and linked into key hybrid work software programs, including tools for IWMS and BMS, desk and room booking, room availability, employee mobile apps, and more. VergeSense is used by businesses to optimize building operations, minimize or reinvest real estate, and design locations where staff members may flourish. Costs are decreased, productivity is increased, culture and staff retention are enhanced, and sustainability is improved.

Company details:
Founders:
Dan Ryan, Kelby Green
Founded:
2017
Based in:
San Francisco, California, United States
Website:
VergeSense
Industries:
Analytics, Artificial Intelligence, Hardware, Information Technology, Real Estate, SaaS, Sensor
Latest funding:
$60,000,000
Series C
8 November 2021
Total funding:
$82,620,000
Investors
Y Combinator, Bolt, MetaProp, Touchdown Ventures, JLL Spark

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