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Losant
AcquiredTechstars '16Cincinnati, US · Founded 2015 · Delaware corporation · 6 employees on LinkedIn · 8 known investors
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Losant is an enterprise IoT application enablement platform that helps organizations build and deploy connected device solutions. The company serves enterprise customers needing to integrate Internet of Things capabilities into their operations.
Also known as Losant IoT, Inc.
Founders & leadership
Losant was founded in 2015 by Michael Kuehl, Brandon Cannaday, and Charlie Key.
Board
Investors · 8
How we know: CincyTech's portfolio page · board seat on SEC Form D · funding news · techstartups.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: funding news · Not right? Tell us
Also in the syndicate · 2
Reported raises · per SEC filings
Form D private placements$24.3M disclosed across 5 rounds · 2016–2023
▶$10MraisedOct 2023 · 26 investors · Other TechnologyRule 506(b)
- Brandon CannadayExecutive Officer, Director
- Michael VenerableDirector
- Charles KeyExecutive Officer, Director
- Offering amount
- $15.6M
- Amount sold
- $10M
- Minimum investment
- $25.3K
- First sale
- Sep 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$4.3MraisedJun 2020 · 20 investors · Other TechnologyRule 506(b)
- Brandon CannadayExecutive Officer, Director
- Charlie KeyExecutive Officer, Director
- Michael VenerableDirector
- Offering amount
- $5.5M
- Amount sold
- $4.3M
- Minimum investment
- $25K
- First sale
- Jun 2020
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$4.3MraisedNov 2018 · 17 investors · Other TechnologyRule 506(b)
- Charlie KeyExecutive Officer, Director
- Michael VenerableDirector
- Brandon CannadayExecutive Officer, Director
- Offering amount
- $4.3M
- Amount sold
- $4.3M
- Minimum investment
- $12.2K
- First sale
- Nov 2018
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$4.5MraisedAug 2017 · 24 investors · Other TechnologyRule 506(b)
- Brandon CannadayExecutive Officer, Director
- Michael VenerableDirector
- Charles KeyExecutive Officer, Director
- Offering amount
- $5.5M
- Amount sold
- $4.5M
- Minimum investment
- $25K
- Proceeds to insiders
- $25K
- First sale
- Aug 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$1.3MraisedAug 2016 · 13 investors · Other TechnologyRule 506(b)
- Mike VenerableDirector
- Brandon CannadayExecutive Officer, Director
- Charles KeyExecutive Officer, Director
- Offering amount
- $1.8M
- Amount sold
- $1.3M
- Minimum investment
- $25K
- First sale
- Aug 2016
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Sep 2026Losant is a Cincinnati, Ohio-based provider of an enterprise IoT application enablement platform used to build and scale connected-device applications. The platform is organized around five components: End-User Experiences for building branded, multi-tenant web interfaces and APIs with custom domains, SSL and user authentication or SSO; a low-code Visual Workflow Engine with a drag-and-drop editor, hundreds of nodes and built-in cloud service integrations; Data Visualization with drag-and-drop dashboards, time-series storage and Jupyter Notebook-based batch analytics; Devices and Data Sources covering device modeling, tagging, digital twins, MQTT ingestion, webhooks and revocable access tokens; and Edge Compute, which deploys workflows to gateways and embedded devices for local decision-making, offline logic and store-and-forward buffering.
Device connectivity relies on open standards such as MQTT and REST APIs, with SDKs for Node.js, Ruby, Python and Arduino, and industrial connectors including Modbus, OPC UA, BACnet and SNMP. Device communication uses State (a snapshot of device data) and Commands (instructions to devices). Customer use cases described by the company include industrial equipment monitoring, asset tracking, predictive maintenance with anomaly detection, CNC machine quality and performance monitoring, smart building occupancy and HVAC monitoring, passenger train monitoring at CVG international airport, and Verizon's Critical Asset Tracking solution.
SUSE acquired Losant in February 2026, folding the platform and team into the SUSE Edge portfolio to build a full-stack open process automation platform for industrial IoT, with stated plans to open source the Losant technology.
Founding story
Brandon Cannaday and Charlie Key previously co-founded Modulus, a Node.js platform-as-a-service company and 2012 graduate of The Brandery that was acquired by Progress Software in 2014. After selling Modulus, the pair began receiving requests for a platform to support IoT solutions and founded Losant in 2015, joined by their former Rose-Hulman classmate Michael Kuehl, who became chief technology officer.
Business model
Losant licenses its Enterprise IoT Platform to organizations that build and operate connected-device applications, offering flexible pricing tied to the scale of IoT deployments, along with deployment and support options and add-ons such as white labeling. Experienced solution engineers are made available to support customer projects on request.
Revenue comes from platform subscriptions with pricing that scales with IoT usage, including deployment and support tiers and optional add-ons such as white labeling. Third-party estimates placed annual revenue in the $1M-$10M range as of August 2026.
Traction
Losant reported working with a number of Fortune 500 companies as early as 2016 and publishes customer deployments in industrial equipment monitoring, asset tracking and transportation, including Verizon's Critical Asset Tracking solution and passenger train monitoring at CVG international airport. It was included in the 2024 Gartner Magic Quadrant for Global Industrial IoT Platforms, and third-party data as of August 2026 estimated roughly 6 employees and annual revenue of $1M-$10M.
Latest developments
SUSE announced the acquisition of Losant on February 19, 2026, with terms undisclosed; SUSE said the Losant platform and team would join its Edge portfolio and that it intends to open source the Losant technology and work with open source communities on interface standardization, interoperability and process automation. Product releases through 2026 included YAML encode/decode and Crypto: Sign workflow nodes (April), per-organization permission scopes for user API tokens (May), a Model Context Protocol server with read-only capabilities aimed at LLM-driven IoT application development (June), and device certificates, certificate authorities and a Device Certificate: Register Node in the platform UI (July). Losant also announced that its root certificate will change on March 18, 2027 due to DigiCert truncating the validity of the current Global Root G2 certificate.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Losant was named a Niche Player in the 2024 Gartner Magic Quadrant for Global Industrial IoT Platforms. It has been described as one of the Cincinnati region's most prominent technology startups. Companies identified as similar include Ayla Networks, Particle, Software AG, SORACOM and KaaIoT.
Losant positions its platform around low-code development that spans both cloud and edge logic in a single visual workflow environment, built-in multi-tenancy and white-label end-user experiences that let customers deliver branded IoT products to their own customers, and support for open communication standards and industrial protocols. It cites third-party security audits, SOC 2 compliance and ISO 27001 certification, and infrastructure capable of handling millions of data points per second and scaling to millions of devices.
Technology
The platform combines a scalable MQTT broker, webhooks and REST APIs for ingestion, a time-series database, a drag-and-drop visual workflow engine with custom nodes, dashboarding widgets, Jupyter Notebook batch analytics, integrations with cloud AI/ML platforms and with systems such as PLCs, CRMs, Azure and AWS, digital twin and device modeling via Losant Systems, and an edge agent that runs deployed workflows locally on gateways and embedded devices. Security features include TLS encryption, fully revocable per-device access keys, device certificates and certificate authorities, granular access control, SSO, and per-organization permission scopes; the company is SOC 2 compliant and ISO 27001 certified with annual third-party audits.
Go-to-market
Losant markets directly to enterprises through its platform website with pricing inquiries, product demo videos, documentation, webinars and guides, supported by prebuilt templates such as the Connected Product Foundation that reduce development time for connected products. It also works with hardware partners, citing gateway partners including Dell, Advantech, Vantron and Lanner, and publishes customer case studies across industrial and asset-tracking use cases.
Enterprises building connected products and industrial IoT solutions, including manufacturers, construction and industrial equipment operators, logistics and asset-tracking providers, smart building operators and telecom providers. The company has stated it works with Fortune 500 customers; named references include Clark Construction, NimbeLink, Magchecks and Verizon.
Geography
Headquartered in Cincinnati, Ohio, with an office at 1100 Sycamore Street, Floor 7. As of August 2026 its small employee base was reported to span three continents including North America, Africa and Europe. Following the acquisition, Losant became part of Luxembourg-based SUSE's Edge business unit.
History
The company was founded in 2015 in Cincinnati by Michael Kuehl, Brandon Cannaday and Charlie Key. CincyTech announced an investment in September 2016, when Losant said it was already working with a number of Fortune 500 companies. The platform expanded over time into five components spanning end-user experiences, a visual workflow engine, data visualization, device and data source management, and edge compute, and obtained SOC 2 and ISO 27001 attestations. In 2024 Losant was named a Niche Player in the Gartner Magic Quadrant for Global Industrial IoT Platforms. On February 19, 2026, SUSE announced it had acquired Losant; the platform and team joined the SUSE Edge business unit, and product development continued through 2026 with releases including a Model Context Protocol server, device certificate management and per-organization API token scopes.
Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 2
Companies working in the same space as Losant.
Timeline · 7
launches, deals, and filingsLosant added device certificates and certificate authorities to the platform user interface for managing these application resources, along with a Device Certificate: Register Node and further device certificate improvements.
Losant introduced a Model Context Protocol (MCP) server with initial read-only capabilities, positioned as a first step toward IoT applications developed using AI and large language models.
Losant added per-organization permission scopes to user API tokens, matching those used in the MCP server OAuth process.
Losant added a Crypto: Sign Node for cryptographically signing data strings with a private key sourced from a new Certificate / Key Pair service credential, plus YAML: Encode and YAML: Decode workflow nodes.
SUSE, a Luxembourg-based provider of enterprise open source solutions, acquired Losant to expand its Edge portfolio into a full-stack open process automation platform reaching the "Tiny Edge" of industrial devices. Terms were not disclosed. The Losant platform and its team become part of the SUSE Edge portfolio and business unit, and SUSE stated plans to open source the Losant technology.
Losant was recognized as a Niche Player in the 2024 Gartner Magic Quadrant for Global Industrial IoT Platforms.
CincyTech announced an investment in Losant; terms were not disclosed. Losant was the sixth company to receive investment from CincyTech Fund IV, a $30.75M fund that closed in April 2016.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 9
primary sources listed
- Losantlosant.com · web
9 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Losant do?
- Losant is a Cincinnati-based enterprise IoT application enablement platform, acquired by open source software company SUSE in February 2026.
- Who founded Losant?
- Losant was founded by Michael Kuehl, Brandon Cannaday, Charlie Key in 2015.
- Who are Losant's investors?
- Losant's investors include CincyTech, Service Provider Capital, Techstars, Revolution, TechNexus Venture Collaborative, Vine Street Ventures.
- How much funding has Losant raised?
- Losant has disclosed $24.3M raised across 5 rounds.
- Where is Losant headquartered?
- Losant is headquartered in Cincinnati, US.