Top IoT Companies in Minneapolis, MN (15)
SmartThings provides cloud-based software and a smartphone app that allows users to monitor and control smart devices and domestic affairs remotely, creating an IoT ecosystem for smart homes.
Artificial intelligence, augmented reality, Internet of Things – these are not just trends, they are drivers changing the way people live across the globe. With these new drivers and the increasing speed of innovation, there comes an expectation for higher-quality, higher-performing technologies at a faster pace. Every day, and for more than 50 years, Entegris’ singular mission has been...
Entegris's Top Stability & Growth Strengths
Strong Market Position & Advantage: Multiple industry and company sources characterize Entegris as a top-tier, often No. 1 or No. 2, supplier across microcontamination control, CMP consumables after the CMC Materials acquisition, and wafer carriers. Acquisitions and long-running product lines, plus independent trackers for FOUPs/FOSBs and CMP, underscore durable leadership in critical purity and handling niches.
Healthy Cash Flow: Recent quarters highlighted strong cash generation, including record free cash flow in Q3 2025 and debt paydown. Sequential stabilization with flat-to-slightly-up revenue accompanied by solid operating cash flow supports resilience through the cycle.
Future-Ready Strategy: The company is expanding advanced-node capacity with a major Taiwan site and a CHIPS Act-supported Colorado Springs center to scale filtration, FOUPs, and deposition materials output. Management emphasizes increasing content per wafer in filtration, deposition, and CMP as structural drivers to outgrow wafer-fab cycles over time.
TEAL is an Internet of Things (IoT) networking company that provides programmable connectivity solutions to customers in Mobility, Robotics, Industrial IoT, HealthTech, AgTech, Defense, and Private LTE/5G. Teal’s wholly owned, patented eSIM platform connects any IoT device on any network worldwide. Teal gives you the freedom to choose the network you want within one eSIM platform you control. Dynamically switch...
Digi International (Digi) is a leading global provider of mission-critical and business-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. We help our customers create next generation connected products and deploy and manage critical communications infrastructures in demanding environments. Our embedded modules and off-the-shelf routers, gateways and network products are designed for relentless reliability and deliver unquestioned...
Avnet is a global electronic components distributor with extensive design, product, marketing and supply chain expertise for customers and suppliers at every stage of the product lifecycle. For the past 100 years, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Our culture was founded on new ideas and emerging technology. Headquartered in...
Avnet's Top Stability & Growth Strengths
Strong Market Position & Advantage: Avnet is consistently ranked among the top global authorized distributors and is one of the top two in North America, reflecting significant scale and purchasing leverage. Fortune 500 standing and multi‑billion‑dollar revenue reinforce leadership across regions and channels.
Strong Revenue Growth: FY2026 results show broad‑based year‑over‑year increases (e.g., Q2 up ~12% and Q3 up ~34%) across regions and both operating groups, with Q4 guidance implying further sequential gains. Momentum spans Electronic Components and Farnell, led by Asia with the Americas and EMEA returning to growth.
Diversified Revenue Streams: A dual‑channel model combining broadline Electronic Components with high‑service Farnell/Newark extends coverage from prototyping to volume production. Multi‑brand, global reach supports participation across varied end markets and regions, reducing reliance on any single vector.
At Red Hat, we connect an innovative community of customers, partners, and contributors to deliver an open source stack of trusted, high-performing solutions. We offer cloud, Linux, middleware, storage, and virtualization technologies, together with award-winning global customer support, consulting, and implementation services. Red Hat is a rapidly growing company supporting more than 90% of Fortune 500 companies.
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Red Hat's Top Stability & Growth Strengths
Strong Market Position & Advantage: Red Hat is repeatedly positioned as a leader in container management and multicloud/hybrid cloud management, with OpenShift highlighted for hybrid development, tooling, and edge deployment. RHEL is also described as holding a commanding position in enterprise Linux, reinforcing defensibility in core infrastructure markets.
Strong Revenue Growth: Red Hat is described as delivering sustained double-digit revenue growth across multiple reported periods, and as a major growth contributor within IBM’s Hybrid Platform & Solutions/Software reporting. OpenShift ARR is cited as reaching the multi-billion-dollar range with growth that outpaces the broader portfolio, supporting momentum beyond core Linux.
Future-Ready Strategy: The company is portrayed as positioning for enterprise AI infrastructure and continued hybrid-cloud standardization, tying product roadmaps (OpenShift, Ansible, RHEL) to modernization and AI operationalization. Strategic emphasis on open standards, automation, security, and hybrid portability is presented as aligned with evolving enterprise demands.
Resideo is a global leader in ensuring homeowners are safe, productive and comfortable in their homes. The company became an independent, publicly traded company in late 2018 as a result of Honeywell spinning off its Homes product portfolio and ADI Global Distribution businesses. Resideo’s mission is to provide its customers with integrated, simple solutions for today’s connected home.
Resideo's Top Stability & Growth Strengths
Strong Revenue Growth: Recent results indicate record quarterly revenue and year-over-year increases in 2024, signaling solid top-line momentum. Company guidance points to continued expansion supported by both acquisitions and organic contributions.
Healthy Cash Flow: Record operating cash flow in 2024 suggests robust cash generation to support investment and integration. Strong adjusted EBITDA trends reinforce the company’s capacity to fund growth initiatives.
Future-Ready Strategy: The Snap One acquisition and the planned ADI spin-off indicate a deliberate portfolio strategy to sharpen focus and enhance competitive positioning. Digital transformation and new connected products further align the business with evolving smart-home standards.
PTC (NASDAQ: PTC) unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.
PTC's Top Stability & Growth Strengths
Strong Revenue Growth: Multi-year top-line expansion is evident, with FY2025 and trailing-twelve-month revenue up strongly year over year, while constant-currency ARR continues to advance at a high single-digit pace and guidance was raised. These trends point to durable growth in the subscription base even when individual quarters fluctuate.
Healthy Cash Flow: Cash generation is described as strong, with operating and free cash flow increasing year over year and enabling sizable share repurchases. This financial flexibility supports ongoing investment and capital returns.
Strong Market Position & Advantage: Positioning in core industrial software is characterized as leadership in PLM and adjacent product-development technologies, reinforced by repeated third-party recognitions and broad enterprise adoption. This standing underpins demand across CAD/PLM and related segments.
Founded in 2015, Idiosys Tech is a premier provider of comprehensive digital solutions, specializing in web development, mobile app development, e-commerce development, digital marketing, SEO, and social media marketing services for global clients. Our team of experts is proficient in cutting-edge technologies such as React, Node.js, MongoDB, Angular.js, Laravel, WordPress, YII, and CodeIgniter, enabling us to deliver innovative and effective...
Advanced 60 GHz solutions provide unparalleled performance, all with flexible and fast deployment enabled by our edge automation tools. Kwikbit gives you gigabit connectivity where you need it, when you need it.
TelemetryWeb is web based software that maintains the link between people and the things they care about.
The world's smallest EEG wearable is here, introducing nurio, unlocking a new type of mobility accessibility and health.
Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company. We engage with customers across their value chain helping to design, build, operate, and maintain the products and services that make them leaders and respected brands in their industries and markets. Customers draw on Cyient’s expertise in engineering, manufacturing, and digital technology to deliver and support their...
Exosite is an IoT software company with locations across the globe. Our unparalleled enterprise software and business solutions ease the hardships of IoT implementation. Our elite team of IoT experts and obsessives has a wealth of experience in smart technology. We engage with leading manufacturers to drive their connected-product strategies and steer them to quick market wins. With our secure,...
Digi-Key is one of the fastest-growing distributors of electronic components in the world. Since its founding in 1972, Digi-Key has been committed to offering the broadest selection of in-stock electronic components, as well as providing the best service possible to its customers, aiding engineers through the entire design process, from Prototype to Production®. This has led the company to be highly...
