03/15/2024

IoT Venture GmbH among the fastest growing technology companies in Germany

With a growth rate of 2,571 percent, IoT Venture makes it to place 4 of the Deloitte Technology Fast 50.

IoT Venture GmbH has been awarded the Deloitte Technology Fast 50 Award last night. With this award, the consulting and auditing company Deloitte annually honours the 50 fastest growing companies in the technology sector, based on their percentage revenue growth over the last four financial years. In the overall ranking, IoT Venture ranked 4th with a growth of 2,571 percent. The decisive factor for its success is the IoT technology developed in-house. This technology connects things to the Internet via a smart device solution and creates new digital business models for customers with the resultant data signatures.

The integrated IoT technology consisting of hardware, the associated app and data analytics has been on the transport vertical market as an innovative anti-theft solution for e-bikes under the IT’S MY BIKE brand name since 2018. Leading e-bike manufacturers and bicycle retailers also use it as a white label feature or product. A pet tracking solution has complemented the Darmstadt-based company’s portfolio since late 2021.

“With Data Signatures, we bring products to life with data. This award underlines the trust and satisfaction of our customers who use our technology to transform their products and services. We are convinced that the continuous innovative spirit of our team will ensure that we not only keep pace with the market, but also continue to actively shape the future of the Internet of Things,” says Jürgen Veith, CEO of IoT Venture GmbH.

“The Fast 50 Award is not just a prize – it represents our appreciation for the passionate innovation and unwavering entrepreneurial spirit that drives the tech scene. Since 1995 worldwide and since 2003 in Germany, we have celebrated the impressive wealth of ideas and extraordinary perseverance in the start-up world with this award,” says Andreas Reuß, Partner at Deloitte.

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Bildnachweis: Deloitte