5 Best Internet of Things (IoT) Companies In the World

2. PrecisionHawk

PrecisionHawk, founded in 2010, is a company that uses unmanned aerial systems, remote sensing and advanced data analytics to help companies improve their businesses. It has so far raised $136 million in investor capital, including $32 million in the latest round. The company has close to 200 employees and is headquartered in Raleigh, North Carolina. The firm offers end-to-end solution aerial data gathering, processing and analysis.

Big firms with expansive networks regularly use aerial data to monitor their business. There are applications for aerial data processing in farming and state security as well. However, artificial intelligence driven softwares that collect, process and analyze these datasets are still a much-sought after commodity. PrecisionHawks offers businesses the luxury of automated analysis, thereby saving huge amounts of money that would otherwise be spent on ground.

The company provides clients with a platform that uses drones for data collection. This data is then run through software tools that deliver better business-specific intelligence to people from many different industries. The firm also owns aerial data software, DataMapper, and satellite imagery provider, Terraserver.