Exosite
Exosite, founded in 2009 and headquartered in Minneapolis, specializes in industrial IoT (IIoT) platforms that enable organizations to connect, monitor, and manage industrial assets.
Profile
Exosite provides a cloud-based platform for connecting and managing industrial IoT devices.
Exosite, founded in 2009 and headquartered in Minneapolis, specializes in industrial IoT (IIoT) platforms that enable organizations to connect, monitor, and manage industrial assets. The company’s flagship product, Murano, is a cloud-based platform designed to accelerate connected-product solutions, offering capabilities for device connectivity, data management, and application enablement. Exosite’s software is used across various industries, including manufacturing, energy, and healthcare, to improve operational efficiency and enable predictive maintenance.
The company has been recognized in Gartner’s Magic Quadrant for Global Industrial IoT Platforms multiple times, most recently in 2025, and has also been featured in Nucleus Research’s IIoT Data Platform Value Matrix. Exosite’s financial trajectory shows steady growth, with revenue doubling in 2017 and continued expansion in its customer base and partner ecosystem. The company operates globally, with offices in North America, Asia, and Europe.
Recent developments include the launch of advanced features for asset management and integrations with third-party hardware, such as HMS Ewon Flexy. Exosite’s focus remains on scalability, security, and ease of integration, positioning it as a key player in the IIoT space.
Who buys this
- Manufacturing companies
- Energy and utilities
- Healthcare providers
- Commercial and industrial equipment manufacturers
- Smart home technology providers
Strengths and what to watch
Strengths
- Recognized in Gartner’s Magic Quadrant for Global Industrial IoT Platforms in 2025.
- Offers scalable solutions with multi-tenant and dedicated hosting options.
- Provides robust security features, including TLS certificates and PKI integration.
Watch for
- Dependence on multi-tenant cloud hosting may limit customization for some enterprises.
- Competition from larger IoT platform providers like AWS and Microsoft Azure.
- Potential challenges in maintaining growth as the IIoT market becomes more crowded.
Recent moves
Key Information
- Founded
- 2009
- Employees
- 31
- Headquarters
- Minneapolis
- Country
- United States
Frequently Asked Questions
What is Exosite and what does it do?
Exosite provides a cloud-based industrial IoT (IIoT) platform called Murano, enabling organizations to connect, monitor, and manage industrial assets. Founded in 2009, it serves manufacturing, energy, and healthcare sectors with scalable solutions for operational efficiency and predictive maintenance. Recognized in Gartner's Magic Quadrant for Global IIoT Platforms.
What industries use Exosite's IoT platform?
Exosite's Murano platform serves manufacturing companies, energy/utilities, healthcare providers, industrial equipment makers, and smart home technology firms. Its solutions optimize asset management across these sectors, particularly for predictive maintenance and operational efficiency in industrial environments with connected devices.
How does Exosite compare to AWS IoT?
Exosite specializes in industrial IoT with tailored solutions for manufacturing and energy sectors, while AWS IoT offers broader cloud services. Exosite provides dedicated IIoT features like asset management and multi-tenant hosting, competing on industry-specific functionality rather than general cloud infrastructure.
What security features does Exosite offer?
Exosite's platform includes robust security measures like TLS certificates and PKI integration. These enterprise-grade protections safeguard industrial IoT device communications and data, addressing critical concerns in manufacturing and healthcare environments where device integrity is paramount.
Has Exosite won any industry awards?
Yes, Exosite was recognized in Gartner's 2025 Magic Quadrant for Global Industrial IoT Platforms. This marks continued industry validation, following previous inclusions and features in Nucleus Research's IIoT Data Platform Value Matrix for its Murano platform.
What are Exosite's limitations?
Exosite's multi-tenant cloud approach may limit customization for some enterprises. The platform faces competition from larger providers like Microsoft Azure, and must differentiate as the IIoT market grows more crowded, particularly in non-industrial IoT applications.
Sources
- www.exosite.com — Exosite’s recognition in Gartner’s Magic Quadrant for Global Industrial IoT Platforms in 2025.
- www.exosite.com — Description of Exosite’s Murano platform and its capabilities.
- www.exosite.com — Recent news and updates about Exosite’s products and industry recognition.
- www.gartner.com — Overview and user reviews of Exosite’s Industrial IoT Platform.