Nexmachina

What Nexmachina does

Nexmachina Solutions, S.L. is a privately-held IoT systems integrator and operator founded in 2013 and headquartered in Bilbao, Spain, with additional offices in Madrid and Barcelona. The company designs, deploys, and operates wireless IoT networks using LoRaWAN, NB-IoT, Wi-Fi, and satellite technologies to serve enterprise and public-sector customers in water management, energy management, environmental monitoring, infrastructure, telecommunications, industrial manufacturing, hospitality, agriculture, and municipal smart-city applications. At the center of its offering is iQmenic, a proprietary cloud-based platform available in cloud, on-premise, and white-label deployment modes that provides sensor data capture, monitoring, automated alerts, configurable dashboards, alarm definitions, master plans and physical zones, and BI analytics, with mobile apps for iOS and Android.

The company's core technology stack combines long-range, low-power LoRaWAN connectivity with multi-technology integration (NB-IoT, Wi-Fi, satellite via a Hispasat partnership), enabling coverage across challenging rural, industrial, and underground environments. Nexmachina's go-to-market is direct enterprise field sales targeting municipalities, water utilities, industrial companies, airports, telecommunications operators, and large organizations, with customized project-based engagements rather than publicly listed pricing. Documented deployments include tens of thousands of remotely-read water meters with 99% telemetered efficiency, irrigation deployments achieving over 40% water savings, and multi-year relationships with anchor customers such as Acciona Agua, Aena, Cellnex Portugal, and Pintuberri Industrial.

Revenue mechanics are predominantly subscription/recurring and managed-services oriented: ongoing platform subscriptions for iQmenic, managed LoRaWAN network operations, and multi-year service contracts. The company holds ENS High Category certification under RD 311/2022, qualifying it for sensitive Spanish public-sector and critical-infrastructure engagements. No external funding rounds have been disclosed, and the company operates with a small team (1-10 employees), positioning it as a bootstrapped specialist. Operations have expanded beyond Spain into Portugal and Argentina, with named customers across Iberia and selected Latin American deployments.

Name

Nexmachina

Legal name

NEXMACHINA SOLUTIONS, S.L.

Website

https://nexmachina.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Nexmachina is a Spanish IoT systems integrator founded in 2013 that designs, deploys, and operates LoRaWAN and multi-technology wireless networks, running its proprietary iQmenic cloud platform to deliver water, energy, environmental, infrastructure, and smart-city monitoring solutions for enterprises, utilities, and municipalities in Spain, Portugal, and Argentina.

Ownership category

akta.pro rank

Product category

Industrial IoT Platform

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Facilities Management Services (541513)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Network Monitoring & Smart Water Sensors (Pressure/Flow/Noise Loggers, IoT) (EUANAKAB)

akta.pro secondary industries

Advanced Metering Infrastructure (AMI) & Smart Meter Analytics (Meter Data for NRW) (EUANAKAC), Smart Climate & Air Quality (Thermostats, HVAC, Purifiers, IAQ Sensors) (HSAPAQAD), Fleet, Asset Tracking & Telematics Location Platforms (BPAMANAF)

Keywords

• IoT platform services
• LoRaWAN network solutions
• Smart water management
• Industrial IoT monitoring
• Environmental sensor systems

Headquarters

HQ city

Bilbao

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. IoT Solutions and Services: Customized IoT solutions including network design, deployment, and ongoing management for water management, energy management, environmental monitoring, infrastructure management, and telecommunications.
2. iQmenic Platform: Cloud-based IoT monitoring and management platform offered as subscription service with cloud, on-premise, and white-label deployment options.
3. Network Connectivity Services: Private or public LoRaWAN network deployment and maintenance services ensuring robust and scalable connectivity.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Nexmachina operates as an IoT service provider delivering the proprietary iQmenic cloud platform for sensor network monitoring, alerting, and data management, combined with LoRaWAN wireless network design, deployment, and maintenance services. The offering spans vertical-specific IoT solutions for water management, energy monitoring, environmental sensing, infrastructure management, and telecommunications connectivity for enterprise and municipal clients.

Product overview

Nexmachina offers a unified IoT solutions portfolio centered on the iQmenic platform—a cloud-based IoT monitoring, alerting, and data management platform for managing sensor networks. The platform is available in three deployment modes: Cloud (desktop/mobile with iOS and Android apps), On Premise (installed on client servers), and White Label (fully customized for client branding). The iQmenic platform supports capture, monitoring, automated alerts, reports, configurable dashboards, alarm definitions, floor plans, and physical zone management. Complementing the platform, Nexmachina provides LoRaWAN network design, deployment, and maintenance services (private or public networks), along with specialized vertical solutions for Water Management, Energy Management, Environmental Management, Data Management, Infrastructure Management, and Telecommunications. The company operates as an IoT operator specializing in wireless technologies (LoRaWAN, NB-IoT, Wi-Fi, and satellite) since 2013.

Differentiator

Problem solved

Functional benefit

Brands

• iQmenic: Cloud-based IoT monitoring, alerting, and data management platform for sensor networks, available in cloud, on-premise, and white-label versions with mobile apps for iOS and Android.

Products and services

• iQmenic Platform Cloud-based IoT monitoring, alerting, and data management platform for managing sensor networks, enabling capture, monitoring, alerts, and reports with configurable dashboards, alarm definitions, floor plan management, and physical zone configuration. Offered in three deployment modes: cloud (desktop/mobile with iOS and Android apps), on-premise (installed on client servers), and white-label (fully customized under client branding).
• LoRaWAN Network Services Design, deployment, and maintenance of private or public LoRaWAN networks ensuring robust and scalable connectivity with optimal coverage for connecting multiple IoT devices in any environment. Targets enterprises, utilities, and municipalities requiring reliable long-range, low-power IoT connectivity.

Quantifiable outcome

• Tens of thousands of water meters read remotely with 99% efficiency
• +4 more outcomes

Named customers20 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Everynet: LoRaWAN network operator with deployments across Europe and Latin America. Comparable as a competing neutral-host LoRaWAN connectivity provider targeting utilities and smart-city use cases.
• Senet: US-based LoRaWAN network operator providing managed connectivity and platform services for water, agriculture and asset tracking. Comparable as a LoRaWAN-first IoT connectivity and platform provider serving similar verticals.
• Worldsensing: Barcelona-based industrial IoT operator using LoRaWAN for asset and infrastructure monitoring in mining, construction and rail. Closely comparable to Nexmachina in technology stack, vertical breadth and Iberian base.
• Libelium: Spanish IoT sensor platform manufacturer (Waspmote/Plug&Sense) selling multi-vertical sensor hardware with cloud connectivity. Comparable as a Spanish multi-vertical IoT player targeting water, agriculture and environmental use cases.
• Kerlink: French designer and manufacturer of LoRaWAN gateways and IoT infrastructure. Comparable in enabling multi-vertical LoRaWAN deployments with operator-grade hardware and software.
• Netmore Group: European LoRaWAN operator (post-Everynet acquisition) providing managed connectivity for utilities and enterprises. Comparable business model of operating LoRaWAN networks and offering managed IoT services to municipalities and industrials.
• Actility: LoRaWAN IoT platform provider (ThingPark) operating connectivity management and device management at carrier scale. Comparable to Nexmachina in combining LoRaWAN network operation with a multi-tenant IoT platform.
• Urbiotica: Barcelona-based smart-city IoT specialist deploying LoRaWAN sensors for parking, waste and noise monitoring. Direct overlap with Nexmachina's municipal smart-city segment and LoRaWAN connectivity model.

Broad incumbents

• Itron: Global smart metering and utility IoT incumbent with significant water, gas and electric AMI deployments. Comparable in water-utility customer base, but at vastly greater scale and broader geographic reach.
• Siemens: Industrial IoT incumbent operating MindSphere and a broad industrial-automation portfolio. Comparable in industrial digitalization offering but with much broader scope, larger R&D budget and global enterprise footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/nexmachina
• LinkedInlinkedin.com/company/nexmachinasolutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Nexmachina