May 2026
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Largest IoT Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
Raspberry Pi, Quartix, Oxford Metrics, Checkit and learnd.
 | Raspberry Pi Holdings PLC is a Company involved in designing and developing high-performance, low-cost single-board computers (SBCs) and compute modules for industrial IoT customers and embedded uses, as well as for educators and enthusiasts, in extensive markets. It is an established, full-stack engineering organization with research and development capabilities spanning the entire value chain, from semiconductor intellectual property development to the design of finished semiconductor and electronic products to software engineering and regulatory compliance. | $9 | +35% | $2B | $2B | 6.9x | 61.2x | ||
| Quartix Technologies PLC is a supplier of vehicle telematics services. It has two reportable segments: Insurance and Total Fleet operations. The Total Fleet segment has been sub-divided into two further categories. Customer Acquisition includes sales and marketing costs of acquiring new fleet customers and the cost associated with units installed for those customers. Fleet Telematics Services includes recurring revenue associated with the group's active subscription base and the cost of servicing that subscription base. The main source of revenue for all segments is from the provision of vehicle telematics services. The group's revenue by geographical markets is highest in the UK, followed by France, the USA, and other European territories. | IoT+2 | $4 | +1% | $171M | $164M | 3.4x | 10.2x | |
| Oxford Metrics PLC is a smart sensing and software company that enables organisations to capture, analyse, and act on motion and measurement data to improve performance, efficiency, and decision-making. The Group operates through two divisions, Motion Capture and Smart Manufacturing, serving life sciences, entertainment, engineering, and smart manufacturing markets. Motion Capture involves the development, production, and sale of computer software and equipment, and contributes the majority of revenue, while Smart Manufacturing focuses on vision inspection systems. The Group operates in the UK, Europe, North America, Asia Pacific, and other regions, with the majority of revenue generated from North America. | $1 | -19% | $71M | $25M | 0.4x | 3.1x | ||
| Checkit PLC is a real-time operation management software company engaged in providing intelligent operations management platforms for desk less workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organizations. The company's subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions apply digital tools and monitoring to transform workforce management and incorporate physical assets into a digital ecosystem using Internet of Things (IoT) sensors and monitoring devices. The company has two operating segments; the United Kingdom, and The Americas. It derives a majority of its revenue from the United Kingdom. | $0 | +74% | $38M | $34M | 1.8x | 253.8x | ||
| learnd SE is engaged in the design, installation, service and maintenance of Building Management Systems (BMS) and Building Energy Management Systems, and the provision of associated bureau services. | $3 | -- | $36M | $65M | 0.9x | 5.9x | ||
| Median | $3 | +18% | $71M | $65M | 1.8x | 10.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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