At Exosite, our passion has been the same since the beginning—to enable companies to make a real impact on their organization and customers using IoT technologies. This business value comes from:
Our software reduces the time and money needed to deploy a successful IoT solution, so you can focus on your company's goals and core differentiators.
Our team can support and guide your IoT journey, from education and best practices to proof of concepts and production deployments.
In 2008, Exosite’s founder held a hackathon for participants to create a connected solution that could remotely monitor a solar-power installation at his home. The process was ridiculously complex and the need for an IoT software suite quickly became clear. In 2009, Exosite was born with the launch of its One Platform device and data platform and Portals dashboarding application to help customers quickly develop customized IoT applications and rapidly evaluate connected hardware.
Over the next few years, Exosite experienced dramatic customer adoption with commercial and industrial manufacturers, as well as with organizations specializing in service delivery on high-value assets. Through these engagements, Exosite developed a talented team with an in-depth understanding of the features, capabilities, and user experiences these diverse organizations required. Exosite incorporated this experience into its next-generation IoT platform, Murano®, which was launched in 2016, and its no-coding application suites, ExoHome® and ExoSense®, which were launched in 2018.
Together, these technologies enabled a new class of off-the-shelf IoT deployment that some of the world’s largest organizations—like Parker Hannifin and West Pharmaceutical Inc.—trust to accelerate their digital transformation initiatives. They also earned Exosite significant industry accolades, including recognition in the Gartner 2019, 2020, and 2021 Magic Quadrant for Industrial IoT Platforms, MachNation 2021 and 2022 IoT Application Enablement Platform (AEP) Scorecard, and the Forrester Wave™: IoT Software Platforms, Q4 2016.
With offices in Minneapolis, Minnesota, and Taipei, Taiwan, Exosite continues to expand its zero-barrier IIoT applications and off-the-shelf vertical solutions to offer best-in-class features that enable organizations to quickly deploy connected solutions.
Exosite was founded in 2009 with offices in Minneapolis, MN, and Taiwan with the vision of being the software company that would “connect every device in the world in a way that matters to people.” In these early days, the term “IoT” was not yet coined, but the value of remote sensor monitoring and control was obvious to many early adopters, and customers started signing up. The interest was high enough that a small friends-and-family round of financing was raised to develop technologies to address the opportunity.
In 2010, to support the growing number of IoT installations, Exosite launched the One Platform device and data platform and the Portals dashboarding application. These technologies enabled Exosite to quickly support new customers with customized IoT applications. Importantly, they also included the ability to rapidly evaluate connected hardware provided by Exosite hardware partners. Using these capabilities, Exosite launched its first hardware partnership with Renesas Semiconductor, spearheading a model that has since enabled over 30,000 customers to evaluate the benefits of IoT on a variety of hardware devices.
In 2011, Exosite developed additional hardware and ecosystem partnerships, and began supplying software systems specifically to organizations specializing in service delivery on high-value assets.
In 2012, Exosite software experienced adoption by commercial customers who manufactured products that required IoT capabilities as part of their main user features. A second round of financing was opened to capitalize on the opportunities.
In 2013, Exosite’s revenue crossed $1M/year, and sensor and connectivity partnerships were explored as the term “Internet of Things” began to enter a hype cycle. Large industrial organizations began using Exosite software as they saw the need to add digital capabilities to their historically non-technical product lines.
In 2014, additional customers in both the commercial and industrial sector began using Exosite software. Later in the year, just after our team returned from Kona, HI, in support of the World Ironman competition, Exosite’s Minneapolis operations moved into the International Market Square on Halloween Day. Exosite’s first iOS and Android applications were released.
In 2015, many of Exosite’s customers began to scale their device deployments, growing the total number of assets-under-management to over 200k. In mid-2015, Exosite and Parker Hannifin, one of Exosite’s industrial customers, embarked on a strategic relationship in support of developing Parker’s Voice of the Machine IIoT platform.
In 2016, Exosite launched the Murano IoT platform, a technology that incorporated both proven aspects of the One Platform and Portals technologies, as well as new capabilities required by diversified industrial organizations and IIoT resellers. Exosite received the Tekne award from the Minnesota High Tech Association, was recognized by Forrester as one of the top-10 IoT platforms on the market, and was highlighted by Juniper research for the impactful Exosite IoT Alliance partner program.
In 2017, after working with Parker tirelessly since 2015, the Voice of the Machine IoT platform was launched, with Exosite providing an integral role. Exosite’s Exchange IoT Marketplace was launched as a key part of Murano, allowing customers and resellers to encapsulate IoT capabilities for reuse across applications, corporate divisions, and even end customers. While the growth of assets-under-management continued at pace, active sensor data under management exceeded the 1TB mark. Exosite obtained ISO27001 certification and was recognized by Gartner as a Cool Vendor in IoT and by the Minneapolis Star Tribune as a Top Workplace. The USPTO issued Exosite a patent surrounding a fundamental process that uses a device management cloud to configure a different application cloud for an IoT device.
In 2018, Exosite released no-coding application suites—ExoHome for the home and building automation market and ExoSense for the industrial and commercial monitoring market. These applications enabled a new class of off-the-shelf IoT deployment for the industry. In support of the growth of data sets and contextual data, Exosite launched its streaming analytics Insights service with support for all public clouds and seamless integration with the ExoSense visual data pipeline builder. The USPTO issued Exosite two patents: one surrounding the novel usage of an IoT connection to configure subsequent network access parameters (enables no-touch multi-device configuration in the case of, for example, Wi-Fi sensors), and another surrounding a fundamental process that enables a gateway to communicate uniquely identifiable sensor data.
In 2019, in support of key customer needs, Exosite launched a single-tenant offering of Murano, supporting both AWS and Azure environments, with options for on-premise. Exosite was recognized in the Gartner Magic Quadrant for IIoT platforms, securing the best placement for an independent IoT organization. Based on the growth in ExoSense customer deployments and other long-time customer growth, Exosite’s total number of assets-under-management grew to over 1M.
In 2020, Exosite reached a deal with West Pharmaceutical Inc. to use Exosite technologies to accelerate West’s digital transformation initiatives. Gartner again recognized Exosite in the Magic Quadrant for IIoT platforms, portraying stronger positioning over 2019’s placement in both execution and vision. Despite market uncertainties from COVID-19, Exosite’s 2020 new customer onboarding in Q2 was the strongest quarter in over five years due to significant ExoSense adoption in support of industrial remote condition monitoring initiatives.