Pioneering IoT platform delivering real-time visibility and AI-powered digital transformation across industries
IoT.nxt is a pioneering global Internet of Things company that delivers cutting-edge software and hardware IoT solutions designed to drive digital transformation across industries. Founded in 2015 and headquartered in Pretoria, South Africa, the company has established itself as a leader in the African tech ecosystem and beyond. Recognized as one of Fast Company’s Most Innovative Companies in Europe, the Middle East, and Africa for 2024, IoT.nxt has built a reputation for delivering award-winning technology that helps organizations reduce costs, maximize operational efficiency, and eliminate risks through real-time visibility and actionable insights.
The company’s technology stack is built around three core components: the Raptor gateway controller for seamless device connectivity, Commander Software for unified user interface and collaboration, and Workflow for visual business process modeling. This unique architecture creates a technology-agnostic platform that bridges the gap between all protocols in the industrial ecosystem, allowing organizations to retrofit existing legacy systems without costly replacements. IoT.nxt’s solutions have been deployed globally across 11 verticals including telecommunications, smart buildings, mining, utilities, manufacturing, and energy management, serving prestigious clients such as Shoprite, the European Space Agency, and Eskom.
In 2019, Vodacom Group acquired a 51% stake in IoT.nxt for approximately ZAR 1 billion, recognizing the company’s exceptional platform technology and growth potential. This strategic partnership has accelerated IoT.nxt’s global expansion while maintaining the innovative spirit of the founding team. The company continues to achieve impressive growth with 30% year-over-year revenue increases and expanding its presence across South Africa, the Netherlands, and the United States. Through its subsidiary relationship with Vodafone, IoT.nxt is positioned to deliver world-class IoT solutions to enterprise and SMB customers worldwide, pioneering the fourth industrial revolution with advanced digital twins, machine learning capabilities, and edge computing innovations.
Vodacom Group
Acquired 51% stake in 2019 for approximately ZAR 1 billion
Talent10
Early investor providing R120 million in two funding rounds, currently holds 30% stake
Lazo Karapanagiotidis
Chief Executive Officer with over 20 years of experience driving transformative growth and innovation across global markets. Appointed CEO in September 2024.
Nico Steyn
Co-founder and former CEO of IoT.nxt. Led the company from startup to major acquisition by Vodacom Group. Now founder of 10T Investments.