Every industrial revolution has created a new set of categories and a new set of players. But the industrial tech software space has lacked IPOs and has been dominated by consolidation among existing players in the decade after the term 'Industry 4.0' was coined.
Multiple new technologies have emerged, and according to Schumpeter's concept of creative destruction many new categories should have been created. And yet, Samsara and C3.ai are the only companies which have gone public so far.
There is good news: The pipeline of emerging industrial tech startups is stacked with many promising unicorns and IPO candidates. Manufacturing startups constitute the largest share in the SF Bay Area, and software startups dominate this segment in Germany.
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This article was first published on LinkedIn on June 11, 2024
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