What IoTium does

IoTium, which now operates commercially as Neeve, is a US-based edge cloud infrastructure provider founded in 2015 and headquartered in Santa Clara, California, with 101-250 employees. The company builds a unified platform for operational technology (OT) environments, replacing legacy VPN-based remote access with a purpose-built zero-trust architecture (OT SASE) for buildings and critical infrastructure. Its customers are enterprise building owners, commercial real estate operators, financial institutions, retailers, and operators of industrial critical infrastructure, with named deployments across commercial real estate, financial services, retail, oil & gas, water/wastewater, and transportation.

The platform is composed of Secure Link (remote access with optional LTE), Secure Edge (an edge device hosting containerized OT applications), Cloud BMS (a fully cloud-managed Building Management System), Edge Intelligence (AI-powered analytics at the edge), and Robin (an agentic AI layer for autonomous building operations). An App Marketplace enables third-party containerized OT applications to run inside the same cybersecure edge environment, with explicit interoperability for automation tools such as Inductive Automation's Ignition, and the company highlights processing of more than one billion data points for its flagship customer, RXR.

Neeve generates revenue primarily through enterprise subscriptions to the platform, sold via direct field sales and supported by a channel ecosystem of building controls and industrial automation systems integrators. Pricing is not publicly disclosed but is conducted through a consultative, quote-based motion with ROI calculators and product selectors. The company maintains a global footprint across North America, Europe, and Asia-Pacific, with enterprise engagements evidenced by 20+ public customer logos including RXR, Deutsche Bank, Tishman Speyer, Kilroy Realty, Alexandria, BGO, Charter Hall, and Frasers Property.

Name

IoTium

Legal name

Neeve, Inc.

Website

https://iotium.io

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Neeve (formerly IoTium) provides a unified edge cloud platform for operational technology, combining zero-trust remote access, cloud BMS, edge AI, and an App Marketplace for enterprise commercial real estate, critical infrastructure, and industrial customers globally.

Ownership category

akta.pro rank

Product category

Industrial IoT Edge Cloud Infrastructure / OT Cybersecurity

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Facilities Management Services (541513), Computer Systems Design and Related Services (54151), Computer and Peripheral Equipment Manufacturing (33411)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Communications Services, Nec (4899), Computer Communications Equipment (3576)

akta.pro primary industry

Edge Networking & SD-WAN Integration (SASE/SD-WAN Edge On-ramps) (HDABAGAJ)

akta.pro secondary industries

Edge Compute Infrastructure (Servers, HCI, GPU/AI at Edge) (HDABAOAC), Edge AI Deployment, Orchestration & OTA Model Updates (HDAAAJAI), Managed OT Security Services (MSSP/MDR for ICS/OT) (HDADAJAN)

Keywords

• Industrial IoT platform
• OT cybersecurity
• Edge cloud infrastructure
• Smart building software
• Zero-trust remote access

Headquarters

HQ city

Santa Clara

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Subscriptions: Neeve generates revenue through subscriptions to its unified edge cloud platform, including Secure Edge hardware, Cloud BMS, and App Marketplace access. Revenue is recurring in nature, driven by enterprise contracts for building and industrial OT infrastructure.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core offering

IoTium (operating as Neeve) provides an edge cloud infrastructure platform for Operational Technology (OT) that unifies zero-trust remote access, OT cybersecurity, cloud-based Building Management System (Cloud BMS), edge AI, and an integrated App Marketplace for containerized OT applications. The platform is sold primarily to enterprise commercial real estate owners/operators and industrial automation customers across oil & gas, water/wastewater, and transportation verticals.

Product overview

Neeve is an edge cloud infrastructure platform for operational technology (OT), offering a unified platform-plus-modules architecture. The core platform provides Secure Link and Secure Edge for secure remote access, Cloud BMS for cloud-based building management, and Edge Intelligence for AI-powered innovation. The product portfolio also includes Robin Agentic AI for autonomous building operations and an App Marketplace for containerized OT applications. The platform enables zero-trust remote access, OT cybersecurity, edge AI and applications, and journey to agentic AI for commercial real estate, facilities management, and industrial automation customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Secure Edge Secure remote access edge device for OT environments that provides edge applications and containerized OT workloads on a cybersecure platform, targeting enterprise building owners/operators and industrial facilities.
• Secure Link Secure remote access solution with optional LTE connectivity that replaces legacy VPN vulnerabilities with zero-trust architecture for OT environments, sold to enterprise OT and facilities customers.
• Cloud BMS Fully managed cloud-based Building Management System that centralizes OT management without requiring on-premises infrastructure, for enterprise building owners and facilities operators.
• Edge Intelligence AI-powered edge analytics and automation capability that enables secure deployment of advanced AI applications at the edge for building operations and industrial OT.
• Robin - Agentic AI Agentic AI for Building Operations designed to stay on track and simplified for ease of use, automating building management workflows for enterprise facilities teams.
• App Marketplace Containerized OT applications marketplace running on Secure Edge, enabling deployment of third-party and proprietary apps in a cybersecure edge environment for OT customers.

Quantifiable outcome

• Over 1 billion data points from all RXR buildings now accessible through one centralized platform
• +1 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

One partnership is on record.

• Optigo NetworkscoreTechnology or Integration · 1 January 2026Neeve announced a partnership with Optigo Networks, a leader in OT cybersecurity and network visibility for smart buildings. The partnership brings OT packet capture capabilities to the Neeve App Marketplace, enabling enhanced network visibility and cybersecurity for operational technology environments.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Claroty: Claroty is a leading OT cybersecurity platform providing visibility, secure remote access, and network segmentation for industrial environments. Directly competes with Neeve's OT SASE and zero-trust remote access capabilities, particularly in industrial verticals like oil & gas, water/wastewater, and manufacturing.
• Nozomi Networks: Nozomi Networks delivers OT and IoT security and visibility for critical infrastructure and industrial operators. Overlaps with Neeve's OT cybersecurity and edge monitoring capabilities and shares similar end markets (utilities, transportation, manufacturing, and increasingly commercial real estate).
• Dragos: Dragos specializes in OT cybersecurity for industrial control systems, providing asset discovery, threat detection, and incident response. Competes in the same industrial OT security market as Neeve, with stronger positioning in heavy industrial verticals (energy, manufacturing, water).

Broad incumbents

• Cisco (IoT/Industrial Security): Cisco offers industrial networking, IoT security, and cybersecurity products (including Cyber Vision and Secure Equipment Access) that overlap with Neeve's edge networking and OT SASE offerings. As a broad incumbent, Cisco bundles these capabilities with its enterprise networking stack, posing competitive risk and potential partnership opportunities.
• Palo Alto Networks (OT Security): Palo Alto Networks offers Zero Trust and SASE solutions (Prisma SASE) that are increasingly being positioned for OT/IoT use cases. As a broad incumbent, it competes indirectly with Neeve's OT SASE through enterprise-wide security consolidation deals.
• Zscaler: Zscaler provides cloud-native SASE and zero-trust networking primarily for IT users, with growing OT/IoT capabilities. Competes indirectly with Neeve in the SASE/zero-trust networking space, particularly for enterprises evaluating OT networking consolidations.
• Microsoft Defender for IoT: Microsoft Defender for IoT (formerly CyberX) provides OT/IoT security and monitoring as part of the broader Microsoft security and Azure ecosystem. A broad incumbent competing in industrial cybersecurity and increasingly in OT networking.

Emerging players

• 75F: 75F is a smart building automation and IoT platform using cloud-based BMS with sensors and edge intelligence. Overlaps with Neeve's Cloud BMS and edge AI capabilities for commercial buildings, though focused more on HVAC optimization than OT security.
• BrainBox AI: BrainBox AI applies AI to building operations for energy optimization and predictive maintenance. Competes with Neeve's Robin Agentic AI and Edge Intelligence in the smart building AI space, particularly within commercial real estate.
• Enlighted (Signify): Enlighted, owned by Signify, provides IoT sensors and building analytics for commercial real estate. Adjacent to Neeve's smart building platform with overlap in CRE building data collection, though focused on lighting-integrated sensors rather than full OT infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IoTium_inc
• LinkedInlinkedin.com/company/iotium

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IoTium