EPIC iO Technologies - Comprehensive Analysis Report

Summary

EPIC iO Technologies is a global technology company dedicated to advancing businesses through AI-enabled Internet of Things (IoT) and 5G connectivity solutions. Founded in 2009 and headquartered in Fort Mill, South Carolina, the company's core mission is to empower organizations by making them safer, smarter, and more connected. They achieve this by converting raw IoT data into actionable intelligence, leveraging their innovative software-focused approaches to unlock the transformative potential of 5G-ready connectivity and AI + IoT in the digital age. EPIC iO is a significant player in the rapidly expanding AI in IoT market, providing comprehensive, end-to-end managed solutions across various industries.

1. Strategic Focus & Objectives

Core Objectives

EPIC iO Technologies is focused on delivering innovative, enriched-data analytics platforms and outcome-based technology solutions. Their main business objectives include:

Creating intelligent systems that transform raw IoT data into actionable insights for enhanced business decision-making.

Empowering both private and public sectors with advanced managed connectivity and AI + IoT solutions.

Developing comprehensive solutions that enhance safety, efficiency, and connectivity in diverse environments.

Specialization Areas

The company specializes in

AI-powered Analysis: Utilizing advanced artificial intelligence to interpret complex IoT data.

5G-Ready Connectivity: Providing robust and high-speed connectivity crucial for real-time data flow.

Edge Computing: Deploying processing capabilities closer to the data source for faster insights and reduced latency.

Comprehensive Solution Delivery: Offering managed solutions for critical applications such as site security, license plate recognition, biosecurity, environmental monitoring, smart parking, and intelligent lighting controls.

Target Markets

EPIC iO's solutions cater to a broad spectrum of industries, including:

Energy and Utilities

Retail

Transportation

Manufacturing

Healthcare

Construction

Education

Law Enforcement

2. Financial Overview

Funding History

EPIC iO Technologies has successfully raised a total of $90.4 million in funding to date.

Recent Funding Round: The latest funding event was a Conventional Debt round completed on February 10, 2022.

Amount: $30 million.

Key Investors: Runway Growth Capital and DFW Capital Partners.

Fund Utilization: This funding has been instrumental in supporting the company's growth, technological advancements, and operational expansion.

Estimated Annual Revenue: EPIC iO's estimated annual revenue stands at $17.1 million per year.

Revenue Per Employee: The estimated revenue per employee is approximately $140,000.

Investors: Key investors include Runway Growth Capital, DFW Capital Partners, and AI Venture Labs.

3. Product Pipeline

Key Products/Services

EPIC iO's offerings are centered around their innovative technological platform and a suite of integrated solutions:

DeepInsights™ Platform:

Description: An open AI platform that intelligently extracts and analyzes IoT data from various sources (video, sensors, operational technology, third-party systems) to deliver high-value, real-time insights through a unified, integrated source. It serves as the cornerstone of all EPIC iO solutions.

Development Stage: Fully operational and continuously evolving.

Target Market/Condition: Businesses and public sectors seeking comprehensive AIoT data analytics, real-time decision support, and centralized enterprise-wide operations across diverse applications.

Key Features and Benefits: Patented AI-powered rules engine for revolutionary data interpretation, action-based performance, predictive analytics for anomaly detection and optimization, cloud-based scalability, and user-friendly management of all EPIC iO solutions.

Universal IoT Gateway (UIG):

Description: An edge hardware device designed to connect cameras and IoT sensors, manage AI computing, and store video.

Development Stage: Fully developed and actively deployed.

Target Market/Condition: Organizations aiming to integrate new or existing sensors and cameras into their AIoT ecosystem for deep learning processing at the edge.

Key Features and Benefits: Enables seamless integration of diverse IoT inputs, performs AI computing at the edge, and provides local video storage, enhancing efficiency and reducing network load.

Managed Connectivity and AI + IoT Solutions:

Description: End-to-end solutions that cover everything from sensors and connectivity to data collection, analysis, and visualization. These include specific applications like site security, license plate recognition, biosecurity, environmental monitoring, smart parking, and intelligent lighting controls.

Development Stage: Actively deployed and customized for various clients.

Target Market/Condition: Industries requiring robust, integrated solutions for automation, monitoring, and security in on- and off-grid environments.

Key Features and Benefits: Single-source provider model, enhanced interoperability, security, scalability, and operational efficiency, designed to automate operations and increase productivity.

4. Technology & Innovation

Technology Stack

EPIC iO's technology stack is built on a foundation of cutting-edge AI, IoT, and 5G-ready connectivity.

Core Platform: DeepInsights™ is the central, open AI platform powering all solutions. It acts as a unified source for extracting and analyzing diverse IoT data.

Proprietary Developments: The DeepInsights™ platform features a patented, AI-powered rules engine. This engine is crucial for revolutionizing data interpretation, enabling action-based performance, supporting real-time decision-making, and centralizing enterprise-wide operations from various IoT sources including video, sensors, and operational technology.

Scientific Methodologies: The platform integrates advanced AI data modeling, neural network algorithms, and machine learning techniques for sophisticated data analysis. It leverages predictive analytics to identify anomalies, optimize system performance, and uncover new opportunities.

Technical Capabilities: DeepInsights™ is cloud-based, ensuring scalability and user-friendliness. It manages a complete suite of solutions, encompassing AI, IoT, License Plate Recognition (LPR), connectivity, and biosecurity. Additionally, the Universal IoT Gateway (UIG) extends these capabilities to the edge, enabling deep learning processing for both new and existing cameras and IoT sensors.

5. Leadership & Management

Executive Team

Duncan Riley: Chief Executive Officer.

Professional Background: Assumed CEO role in June 2024, previously COO. Over 35 years of experience in the technology sector. Joined EPIC iO with the acquisition of Twenty20 Solutions, where he was COO. Held leadership positions with Schlumberger and Baker Hughes, and was a founder and executive of Global Geophysical Services.

Key Contributions: Provides strategic direction for the company's growth and operational excellence, leveraging extensive experience in technology and business execution.

David Masters: Chief Commercial Officer.

Michael Knight: Chief Technology Officer.

Kristi Brown: Chief Marketing Officer.

Kenneth Osley: Chief Financial Officer.

Recent Leadership Changes

June 2024: Duncan Riley was appointed as the new Chief Executive Officer, succeeding Ken Mills, who transitioned out of the CEO role after four years. Riley's promotion from COO signifies a strategic internal succession plan, leveraging his deep operational expertise for the company's future direction.

March 2022: Tami Booth was appointed as Chief Operating Officer.

Professional Background: Over 25 years of experience in the IT industry, including leadership, sales, and technical roles, notably as Vice President, Presales, for Global Alliances, Service Providers, and Industries at Dell Technologies.

Impact: Booth’s appointment brought significant operational and strategic leadership, enhancing the company’s execution capabilities and market reach.

6. Talent and Growth Indicators

Hiring Trends and Workforce

Company Size: EPIC iO Technologies currently employs 122 individuals.

Workforce Trends: The company experienced a 2% decrease in its employee count over the last year. This may reflect strategic restructuring or efficiency gains rather than solely negative growth.

Company Growth Trajectory Indicators: Despite recent employee count changes, EPIC iO was recognized on the 2024 Inc. 5000 Regionals Southeast list. This accolade indicates sustained fast growth among private companies in the region, highlighting the company's expanding market presence and revenue generation capabilities.

7. Social Media Presence and Engagement

Digital Footprint

EPIC iO Technologies maintains an active and strategic presence across key professional and social media platforms to disseminate corporate news, showcase technological advancements, and engage with the industry.

Brand Messaging: Their digital communications consistently reinforce the core message of making businesses and communities "safer, smarter, and more connected" through their AI + IoT solutions and 5G-ready connectivity.

Content Strategy: The company's platforms feature timely updates on technological innovations, strategic partnerships, leadership appointments, and industry awards. This demonstrates a proactive approach to corporate communications and thought leadership within the AIoT sector.

Platforms:

LinkedIn: `linkedin.com/company/epic-io-technologies`
Facebook: `facebook.com/epiciotechnologies`
* Twitter/X: `twitter.com/epicio_tech`

8. Recognition and Awards

Industry Recognition

EPIC iO Technologies has consistently garnered significant industry recognition for its innovation and impact:

2025 Global Tech Award in Artificial Intelligence: For their DeepInsights™ platform, acknowledged for delivering impactful, real-time AI intelligence in critical environments such as utilities, public safety, infrastructure, oil and gas, construction, and manufacturing.

2025 Inc. 5000 Regionals Southeast List: Included as one of the fastest-growing private companies in the Southeast region.

2023 IoT Breakthrough Award for Public Safety Innovation of the Year: For their DeepInsights™ AI-based data analytics and visualization platform and its SCaaS (Smart Communities as a Service) solution.

2021 Cloud Computing Magazine Product of the Year: Awarded for their cloud software, which is fundamental to their AI-enabled IoT Edge Computing Solutions.

2021 IoT Evolution Security Excellence Award: For SCaaS (Smarter, Safer, Connected Communities-as-a-Service) for Public Safety, recognizing its innovative software and hardware solutions aimed at securing IoT devices and networks.

9. Competitive Analysis

Major Competitors

EPIC iO operates within the highly competitive AI in IoT market, contending with a diverse range of companies that vary in specialization and scale.

General AI/IoT and Analytics:

Bandwagon

Quantros

Blue Acorn iCi

DataArt

Intetics

Infragistics

Coherent Solutions

ThoughtSpot

Seeq

Video Analytics and Security:

Sighthound

Verkada

IoT Platforms and Solutions:

ThingPark Wireless

Gravio

Oracle IoT Intelligent Applications Cloud

Broader Tech Giants with AI/IoT offerings:

Microsoft

Google

Amazon Web Services

Intel

NVIDIA

Oracle

Cisco Systems

Bosch IoT Suite

Healthcare-specific (relevant to EPIC iO's healthcare solutions):

Health Catalyst

Athenahealth

RelayHealth

MES Solutions:

Epicor Connected Process Control (formerly eFlex Systems)

These competitors include specialized solution providers, broad technology platforms, and large conglomerates, each bringing distinct capabilities and market approaches to the AI in IoT landscape.

10. Market Analysis

Market Overview

The global AI in IoT market is characterized by robust growth and significant expansion opportunities.

Market Size and Growth Potential:

Valued at USD 60.71 billion in 2025, with projections to reach USD 168.69 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 22.7%.

Another estimate suggests a market size of USD 93.12 billion in 2025, expected to grow to approximately USD 161.93 billion by 2034, with a CAGR of 6.35% from 2025 to 2034.

Further analysis indicates a valuation of USD 9.25 billion in 2024, anticipating growth to USD 47.78 billion by 2033, at a CAGR of 19.8% during 2025-2033.

Key Market Trends: The growth is primarily fueled by the accelerating adoption of AI in industrial automation, the proliferation of smart cities initiatives, and the increasing integration of AI across diverse sectors such as BFSI (Banking, Financial Services, and Insurance), healthcare, and education.

Market Segmentation: In 2023, the IT & telecom segment accounted for a 17% revenue share, while the software segment achieved a 32% revenue share in the market.

Geographical Dominance: North America stands out as a dominant market, holding the largest revenue share in 2024, driven by substantial investments in AI-driven technologies within the region.

Market Challenges and Opportunities: While the market offers immense opportunities for innovation and application development, challenges may include data