Best Growing Wearable Startups will be discussed in this article. After IT behemoths like Apple, Fitbit (now owned by Google), Garmin, and Samsung introduced hugely successful products like the Apple Watch & the Fitbit Tracker, wearables became viral. Since then, wearables’ capabilities and use cases have increased as a result of integration with smartphones. In fact, by the end of 2022, wearables are expected to reach 1.1 billion units globally. Additionally, it is anticipated that in 2022, overall spending on wearables would approach $93.8 billion. Wearable technology has improved the healthcare, sleep, fitness, pet, and labor industries by enabling better analytics and, eventually, greater performance. Our collection of innovative wearable startups that are revolutionizing the way people exercise, track their pets, and even move heavy objects is provided below.
Top 18 Best Growing Wearable Startups In 2023
In this article, you can know about Growing Wearable Startups here are the details below;
1. Hinge Health
- 5-year rise in searches: 775%
- Growth of searches is exponential.
- founded in 2015
- Location: California, San Francisco
- Money: $1 billion (Series E)
What they do: With 4 out of 5 companies choosing Hinge to provide digital physical therapy, notify patients of potential elective operations, and significantly reduce insurance claims, Hinge Health has established the world’s premier digital musculoskeletal (MSK) clinic. Hinge counts notable businesses including Salesforce, Verizon, Phillips, US Foods, and Ralph Lauren among its clientele. Hinge has relationships with 750K+ local healthcare professionals.
2. Petkit
- 5-year rise in searches: 809%
- Growth of searches is exponential.
- Founded in 2013
- Location: China’s Shanghai
- $95.4M in funding (Series D)
What they do: Petkit, established in Shanghai, provides wearables for pets such as an activity monitor that tracks calorie consumption, location, health, and even a pet’s mood. The website has grown to provide innovative pet supplies including automatic cat litter boxes, cozy dog leashes, and cat backpacks.
3. BoAt
- 5-year increase in searches: 900%
- Growth of searches is exponential.
- founded in 2016
- Location: India’s New Delhi
- $177M in funding (convertible note)
What they do: BoAt claims to be one of the top wearable watch companies in India and is one of the major distributors of wearables in India, capitalizing on the enormous development of personalized wearables.
BoAt has been able to scale quickly thanks to features in TechRadar, Forbes, and Gadgets360.
4. Vitls
- 5-year growth in searches: 166%
- Growth of searches is exponential.
- founded in 2016
- Houston, Texas is the place.
- Unknown Source of Funding (Seed)
What they do: Vitls creates a discreet, compact wearable that transmits vital signs to medical professionals, nurses, and carers. Vitls is working to develop continuous monitoring of ICU beds outside of hospitals because unnecessary fatalities and adverse events can occur anywhere, including outside of ICU beds. The disposable, water-resistant Vitls cloud-based wearable has a 5-day battery life.
5. Silvertree
- 5-year growth in searches: 143%
- Growth status of searches: Peaked
- Founded in 2020
- Cambridge, Massachusetts is the location.
- Investment: $12.5M (Seed)
What they do: Silvertree creates fashionable wearables with vital features like GPS tracking, “fall detection” that warns a chosen safety team, and a month-long battery for elderly, vulnerable people. Over 54 million Americans over 65 make up Silvertree’s growing customer base. This is another Wearable Startups.
6. Wristcam
- 5-year increase in searches: 800%
- Growth status of searches: regular
- founded in 2012
- San Mateo, California is the location.
- $76M in Series A funding
What they do: The Apple Watch has over 100 million users globally. Wristcam, which combines two HD cameras and an image stabilizer to enable the Apple Watch to capture 4K images and movies, takes advantage of the global appeal of the most widely used wearable in the world. The wristcam securely encloses the Apple Watch band.
7. Whoop
- 5-year rise in searches: 127%
- Growth status of searches: regular
- founded in 2012
- Boston, Massachusetts is the location.
- $404.8M in funding (Series F)
What they do: Due to strong social media marketing, Whoop has become one of the most well-known wearables worldwide and has received over $400M in funding as of this writing. Their device monitors sleeping, training, and recovery to help athletes optimize their performance. This is another Wearable Startups.
8. Grapheal
- 5-year rise in searches: 0%
- Growth status of searches: Peaked
- founded in 2019
- Location: France’s Grenoble
- Investment: $2.3M (Seed)
What they do: The smartphone biosensors, wearables, and linked gadgets from French firm Grapheal, which recently won the “Best in Innovation Award” at CES 2022, enable vital remote patient monitoring and accurate diagnostics.
9. Metacore
- 5-year rise in searches: 0%
- Growth status of searches: Peaked
- founded in 2014
- Location: Finland’s Helsinki
- Financed with $185.5 million in debt.
What they do: The award-winning game Runeblade by Finland-based Metacore, one of the first specialized wristwatch game businesses founded in 2014 by video game veterans, was a commercial success. This is another Wearable Startups.
10. Apollo Neuroscience
- 5-year rise in searches: -100%
- Growth status of searches: Peaked
- founded in 2016
- Pittsburgh, Pennsylvania is the location.
- $21.2M in funding (Series A)
What they do: Dr. David Rabin invented Apollo Neuroscience and the Apollo Neuro, which offers sound touch therapy. Low-frequency noises have been shown in studies at the University of Pittsburgh to aid in patients’ relaxation and stress reduction. Famous people like Jim Kwik have praised Apollo wearables because of how well they work to encourage greater sleep and recovery.
11. Tractive
- 5-year rise in searches: 110%
- Growth status of searches: regular
- founded in 2012
- Location: Austria, Pasching
- $37.7M in funding (Series A)
What they do: Only a small percentage of the roughly 10 million lost cats and dogs each year are actually located. Tractive has developed an advanced GPS tracking collar that receives real-time updates via a smartphone app. Tractive’s development surged as a result of being mentioned in the popular reality series “The Pack” on Amazon.
12. Clim8
- 5-year rise in searches: 0%
- Growth status of searches: Peaked
- founded in 2016
- Location: France, Ecully
- $8.9M in funding (convertible note)
What they do: Clim8 is a wearables startup that combines technology with cutting-edge textile manufacturing for harsh environments. Their heating wearables, which are designed for extreme cold regions, can be weaved into clothing for the best performance. With alliances with industry titans like North Face, Burton, and Gore-Tex, Clim8 has access to a wide range of products to test their insulating clothing on. This is another Wearable Startups.
13. Atlas Tracking
- 5-year rise in searches: 60%
- Growth status of searches: regular
- Established in 2018
- Britain’s Middlesbrough is the location.
- Pre-Seed funding is not revealed.
What they do: Marathon, Spartan Race, and other long-distance races have historically had issues with timing due to cheating and faulty, out-of-date GPS tracking. With their application, Atlas has created a series of wearables that are stylish, non-intrusive, and give real-time GPS data. As part of its incubator program, Adidas made an investment in Atlas in 2018.
14. Earable
- 5-year rise in searches: -100%
- Growth status of searches: Peaked
- Established in 2018
- Boulder, Colorado is where.
- Investment: $8.7M (Seed)
What they do: Oxford University scientists developed Earable’s wearable sleep aids in collaboration with prestigious partners like Founders Fund, John Hopkins, and University of Oxford. Their product is designed with features that encourage deeper, healthier sleep and is marketed to persons with sleep disorders including insomnia. Earable asserts that it can cut the time it carries to fall napping by 19 minutes on average. This is another Wearable Startups.
15. FightCamp
- 5-year rise in searches: 1233%
- Growth status of searches: Peaked
- Founded in 2013
- Costa Mesa, California is the location.
- $98.5M in funding (Series B)
What they do: Constantly working out at home can become monotonous and boring. By connecting a punching bag and wearable boxing gear to a smartphone, FightCamp offers 1000+ distinct workouts that range in intensity from low to high. FightCamp, a wearable-powered home workout platform, has expanded its product line from its original wearable punch tracking hardware-only beginnings.
16. Neurotech
- 5-year rise in searches: 100%
- Growth of searches is exponential.
- Established in 2018
- India’s Bangalore is the place.
- Finance: Not disclosed
What they do: Neurotech, a wearables firm located in India, creates smart headphones that map the brain and enable better informed meditation while simultaneously collecting data on brain activity. This is another Wearable Startups.
17. German Bionic
- 5-year increase in searches: 1800%
- Growth of searches is exponential.
- Founded in 2017
- Location: Germany, Augsburg
- $23.5M in funding (Series A)
What they do: For workers who perform physical labor on a daily basis, workplace injuries are frequent and can have serious long-term impacts on the body. Wearable “connected exoskeletons” designed by German Bionic enable people to lift more while improving posture and avoiding injuries. According to the company, their exoskeleton deployment has helped businesses save more than 6 million euros and more than 6500 days of work by reducing sick days by 25%.
18. VitalConnect
- 5-year rise in searches: -100%
- Growth status of searches: Peaked
- founded in 2011
- San Jose, California is the location.
- $148.9M in funding (Series E)
What they do: Via real-time software, the remote patient monitoring wearable VitalConnect communicates 11 vital indicators. When patients are still susceptible after being discharged from the hospital, doctors use VitalConnect to keep an eye on them. VitalConnect made a significant advancement for the California firm by receiving Emergency Use Authorization from the FDA for remote cardiac monitoring during the Covid-19 pandemic.
Conclusion
Because cloud computing and hardware are continuing to converge more and more, the wearable market is one of the most active and quickly expanding ones in the technology industry. Keep an eye on these startups as they innovate, contribute to society’s health and wellness, make it possible for pets to live longer and in safety, and give doctors and other healthcare professionals throughout the world useful information.
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