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Top 10 Hardware Startups in 2023

Startups are projected to grow if the team of founders are assiduous with

marketing their products and services. Usually, it takes anywhere between

3 and 5 years to determine the lifespan of a startup – hence, the reason

why most startups pack up within this period.

Hardware startups are the rave of the moment, thanks to the increasing

demands in computer-related products. In this article, we reveal some of

the leading startups that are set to make some impressive moves in the

global hardware market.

Table of Contents

What is a Hardware Startup?

A hardware startup is a new business that is poised to offer

hardware-related services. It is also a techn1. ology company that is

focused on the following areas:

 The delivery of its services in the form of physical electronic devices.

 The creation of software solutions to enhance the performance of

the hardware-related products.

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 Creation of unique and laser-focused products and services

designed to serve the needs of a targeted market.

A startup typically gains traction if it offers relatively new products,

especially if they could explore creative angles to the promotion. In the

hardware market, startups have moved from the conventional design and

manufacturing of physical parts and have moved on to offer a plethora of

other solutions.

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The List of Hardware Startups

Hardware Manufacturing

Examples of hardware startups are goTenna, Smart Eye and MacroFab.

Read this section to the end to find out other top hardware startups to

watch out for.

1. IQM

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This startup prefers to be referred to as “the European leader in quantum

computers.” IQM is committed to changing the face of the quantum

computing market and making it holistic. This is based on the startup’s

resolve to provide quantum computing solutions across different

industries, such as supercomputing centers and research laboratories.

Quantum Computing for Europe

The team started the startup based on the decades of research from the

Quantum Computing and Devices (QCD) laboratory.

IQM’s goal is to become a leader in the European quantum computing

marketing – a goal it is already working towards by assembling a team of

industrial experts from Europe.

On-Premises Quantum Computer

This is one of the startup’s products, designed for the national

laboratories and research institutions.

It has the following attributes:

 Fitted with the required hardware, which is also built around

the GPU.

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 The hardware comes with enabled technology leveraged for

cryogenic conditioning of both the GPU and the electronics needed

for the system’s operation.

2. Withings

Everyone deserves access to good health, but it can be expensive. Going

for routine checkups requires consistency and this also comes with

additional costs. This is why Withings has thrown the hat into the ring to

provide sustainable health solutions to the teeming population in the

world.

As a healthcare startup, Withings has a single goal – “believing in a world

where everyone can see their path to better health, and feel supported to

pursue it.”

It is this vision that drives the startup’s heavy investments in the

production of a variety of healthcare products, ranging from BP Monitors,

smart watches and wristbands.

The Withings Products

Withings create technology that chart a better course for the customers to

have access to better health. The solutions in this regard include:

ScanWatch

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This is one of the startup’s digital health and wellness smart devices.

The ScanWatch is designed to be a hybrid smartwatch that makes it

simpler to monitor one’s health. For example, you could use it for a wide

range of purposes, including activity tracking, heart health monitoring,

sleep analysis and breathing disturbances tracking.

As an advanced health wearable, ScanWatch is what you need to be

up-to-date with your health.

Steel HR

This is a clinically-tested hybrid smartwatch with up to 25 days of batter

life. It can be used for a near-holistic health monitoring, such as

automated sleep monitoring, heart rate monitoring and sports

monitoring.

Withings Plus

Withings+ is an advanced, health improvement services, designed to

gather and track health-related data. It helps in the following ways:

 Helping you build long-term, and sustainable health habits.

 A complete health assessment.

 Provision of exclusive health content, such as educational articles,

recipes and workouts.

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3. CorWave

This is another hardware startup to watch out for. CorWave is in the

business of developing innovative heart pumps. The mission is to “provide

solutions to healthcare professionals to save heart failure patients and

offer them an active life.”

Underlying Technology

CorWave has developed two patent technologies – CorWave LAD and

Nemo. By utilizing the wave membrane technology, the CorWave LAD

solution offers the following:

 Recreating the (systole) ejection and diastole (filling) phases. This is

done without necessarily exposing the blood to similar damages

triggered by the use of the commercially-available

rotary pump LVADs.

 Preservation of high-fidelity pulsatility.

 Blood flow restoration.

The CorWave LAD is also designed to provide advanced heart

failure solutions via the delivery of an average flow rate of 5 to 6L/min.

The Nemo patent technology is optimized to be an implantable and

minimally-invasive cardiac pump. It is designed for the following purposes:

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 Provision of chronic and partial support for patients who are

ineligible for LVADs.

 It is also used to support the heart failure patients who are not

currently undergoing treatments.

4. C12

C12 is a “spin-off from the Physics Laboratory of the Ecole Normale

Supérieure in Paris.” It is now poised to power the laboratory’s promising

quantum technology, hence, the dedication to “leading the next materials

leap in quantum computing.”

Working Processes

The effectiveness of C12’s approach is in the powering the next revolution

in computer via the reimagination of quantum hardware development.

Here is how it works:

Qubit Operation

This involves the combination of spins and the C12 hybrid quantum

architecture to create high-frequency microwave components and long

coherence times. These two aid faster operations in quantum computing.

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Ultracapture Carbon Nanotube Growth

This entails the growing of isotopically-pure carbon nanotubes. The

nanotubes are designed to contain the 12C isotope of carbon, which helps

to suppress unwanted noise from nuclear-electron spin coupling.

Nano-Assembly Process

This entails the use of C12’s patented nano-assembly technology to

form quantum circuits via the integration of ultra-pure nanotubes into

silicon chips.

5. Acurable

Acurable specializes in wearable medical device development. These

devices are designed to make an accurate diagnose of respiratory

conditions and to recommend helpful ways to manage the situation.

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The startup has developed quite a number of products to fast-track

respiratory conditions’ management.

Among the products are AcuPebble RE100. It is a wearable device

designed to provide the following solutions:

 A continuous monitoring of breathing and cardiac biosignals for

research.

 Remote measurement of cardiac and breathing signals.

 Usage of clinically-verified physiological biomarkers and

parameters.

The AcuPebble SA100 is an FDA-cleared wearable device for home sleep

apnea testing. It is a non-evasive device that also in automating the

detection of OSA.

6. Kinexon

Kinexon is a hardware startup, specializing in the provision of real-time

location intelligence for the Internet of Things (IoTs).

The core functionality of the hardware services is powered by the UWB

Technology. It is an Ultra-Wideband (UWB) technology that supports the

integration of UWB sensors into the consumer electronics. This is also why

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the range of Kinexon solutions are compatible with Apple watches

and Samsung smartphones.

As a localized approach to location intelligence, the UWB technology helps

in these ways:

 Low-power consumption

 Providing radio-based communication technology for the fast and

stabilized transmission of data.

 It is used to enabling indoor location intelligence gathering for the

movement of assets in both the space-constrained and complex

environments.

 Parallel operation with other technologies.

 Large bandwidth and;

 Improved security against interception and interferences.

7. Wallbox

Wallbox is a hardware startup specializing in the development and

production of intelligent energy solutions, especially for the Electric

Vehicle (EV) market.

Established in 2015, the startup now has a presence of its products in over

80 countries and has office locations in 9 countries.

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One of the outstanding products is the public charging stations; an

example being the Supernova EV charger. Capable of charging up to 150

kilowatts, Supernova also has a light and modular design that makes

public charging of Electric Vehicles (EVs) easier.

Hypernova is another public EV charging solution, capable of charging up

to 400 kilowatts. When it is released to the public in 2024, it will bring

succor to American EV owners who cannot deal with the current

deficiencies in public EV chargers.

Other hardware solutions offered by Wallbox are:

 Pulsar Plus 48A: this is a compact EV charger that charge any

electric-powered car. The features include voice control, adjustable

charging capacity and smart performance – via the use of Bluetooth

and Wi-Fi connections to control and monitor the charger.

 Quasar 2: this is a bidirectional, Direct Current (DC) EV charger. With

a compact and versatile design, it allows for easy installation and

multiple usage. You could use it to power your electric cars, and

power some home appliances in the event of power outage.

Wallbox also makes it EV charging hardware solutions for both individual

and multi-usages. These chargers can now be used for the following:

 Dealerships

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 Multi-unit dwellings and;

 Fleets

The business or multi-usage option also supports organized charging and

power-sharing – supporting the charging of multiple Electric Vehicles (EVs)

at once.

8. Flow Engineering

Flow Engineering is a startup founded by a group of engineers committed

to delivering better solutions to the hardware market. They aim at

“providing the same kind of tools that have revolutionized the software

industry.” These solutions would make the development of complex

engineering systems, such as autonomous vehicles, launch vehicles,

and fusion generators easier.

Here are some of the solutions that will change the traditional engineering

methods to a modernized one:

 Use the Flow Engineering’s Open API to make a seamless derivation

of data across different platforms. Some of the supported tools are

Github, Excel, Fusion 360, Jira and Ansys.

 Provision of advanced IT and compliance solutions. Examples are

backup and recovery of customer data, enterprise-grade encryption

(using RSA-2048 and AES-256 algorithms), and provision of dual

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deployment options (On-Premise Software and Compliant Cloud

SaaS).

9. Novelda

Novelda is a hardware startup disrupting the sensor market with the

unique offering of UWB sensing solutions. These solutions are powered by

the Ultra-Wideband (UWB) short-impulse radar sensors and are optimized

to provide an “accurate, reliable and intelligent sensor solution for human

presence detection.”

UWB for Everyone and Everything

The Ultra-Wideband (UWB) sensing solutions are available for a wide

range of users and applications. From consumer electronics to automating

home appliances and building automation – these solutions are usable

across different industries.

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The Novelda UWB Occupancy Sensor

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This is a dedicated sensor for monitoring and reporting even the tiniest of

human motions. The Novelda UWB Occupancy Sensor has the following

capabilities:

 Automates the turning off of the lights.

 Range configuration.

 Simple integration, thanks to the hardware’s direct placement

on LED circuit boards and the suitability for the pick-and-place

engineering processes.

10. ICEYE

ICEYE is the “choice for persistent monitoring.” Established in 2012, the

startup has consistently invested in the development of technology for an

all-around monitoring of the earth.

It operates a synthetic-aperture radar satellite constellation, which has

been designed to provide robust monitoring capabilities around the earth.

For context, ICEYE takes a pride in offering persistent monitoring via the

unlocking of relevant pieces of data through the clouds and at different

times in the day.

Access is also offered to the SAR images of the earth – and this data is

provided every few hours in the day.

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ICEYE also developed a full range of products and solutions designed to

collectively tackle the issues of access, reliability and timeliness, associated

with observing data around the earth.

The solutions include:

 Flood briefing

 Wildfire monitoring

 Natural Catastrophe (NATCAT) monitoring and;

 Flood monitoring.

Conclusion

Hardware startups have a major role to play in the futured growth of our

industries. By offering modernized solutions to these industries, they

provide real-time resolutions to some of the persistent issues.

The best hardware startups have unique product and service offerings,

have excellent marketing strategies for promotion – and of course, raise

adequate funding to make the solutions accessible to the target market.

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