Top Hardware + Software Startups in 2024

Memfault is the first IoT reliability platform that empowers teams to build more robust devices with software at scale. We believe that device reliability engineering will transform how developers build and operate IoT and edge devices with more productivity and more collaboration. As IoT applications continue to grow in complexity, it is more important than ever for developers to have Memfault’s performance monitoring, device debugging, and OTA update capabilities built into their fleet of devices for proactive device operations. We built Memfault to enable developers with a more scalable and sustainable process to accelerate go-to-market, de-risk product launches, cut product costs, and deliver overall superior products. Memfault is founded by ex-Fitbit, Pebble, and Oculus engineers who know the industry well and have been wrestling with these problems for 15+ years.

As population continues to age, there is a growing demand for motor rehabilitation services. The problem is that the way we address this growth or rehabilitation services (physical therapy) has not changed in thirty years because we are still heavily reliant on a one-to-one patient therapist interaction which is costly, non scalable, and difficult to ensure consistent quality. At SWORD Health, we saw the opportunity to take a truly disruptive and transformative approach to this problem by creating the first digital therapy solution that addresses the growing demand for therapy while reducing costs, empowering patients with their recovery to ultimately recover faster, and providing a rich source of data for clinical teams and decision makers. Video: vimeo.com/118489111

RxAll™ is a digital infrastructure platform for healthcare. We enable on-demand access to high quality medicines at manufacturer/wholesale price to hospitals, pharmacies and patients from our curated network of high quality wholesalers and pharma companies. We solve $1.25T problem of access to affordable safe drugs. Our tech stack includes a proprietary instant drug testing platform- RxScanner™- that helps our sellers authenticate the medicines they sell. We also have the RxPOS™ that helps our sellers manage and sell inventory in store and online through our RxDelivered™ marketplace. Further, we have our embedded fintech RxPay™ that helps finance invoices for buyers on our platform ensuring availability and affordability of high quality medicines from our pharma company and wholesaler partners to our B2B2C customers. Our vision is to enable universal access to high quality medicines at the lowest prices to all humans across the world - starting with Africa.

Aura connects people around the world through a brilliant photo sharing experience. Snap, share and display pictures through our easy-to-use app and beautifully designed Wi-Fi frame. At our core, we’re a software company creating innovative products that deliver happiness daily. We’re on a mission to create a new kind of social media network and we’ve started with a digital frame which gets memories off your phone and into your life.

Our product is a software platform designed for electrical engineers who build printed circuit boards (PCBs). We use Physics-driven generative design to compile circuit schematics into manufacturable, reliable PCBs.

At Optivolt, we engineer next-gen power electronics for solar modules, enabling up to 60x more power in shaded conditions. Our technology is deployed with the National Oceanic and Atmospheric Administration, U.S. Air Force, and Ukraine Armed Forces, ensuring reliable solar energy production, even in the harshest environments on the planet. After proven success with our military partners, we’re bringing this technology to residential homes across the country. Millions of previously-disqualified homes are now eligible for solar power — rain, shine, or shade. Join our mission in making solar energy accessible for all, engineering a cleaner, sustainable future. With Optivolt, the future of solar energy is brighter than ever.

Entrupy aims to fight the global problem of counterfeits to become the de-facto standard for instant authentication. Entrupy is a hardware-enabled SaaS company that uses computer vision algorithms and microscopy to bring trust to transactions of high-value physical goods. Currently in use by thousands of secondary resellers and marketplaces worldwide, Entrupy provides the only scalable technology capable of authenticating luxury products from brands such as Louis Vuitton, Chanel and Hermès, among others. The service launched in 2016, following four years of research led by Ashlesh Sharma, Vidyuth Srinivasan and Lakshminarayanan Subramanian, Professor at New York University. Investors include DG Lab Fund, deep learning pioneer and Facebook AI Research (FAIR) director, Yann LeCun, serial entrepreneur and investor Zach Coelius, cloud computing pioneer and Google VP of Infrastructure Eric Brewer, and Japanese venture capital firm, Accord Ventures.

Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Come join us at the forefront of media and technology.

Nominal is a venture-backed company with offices in Los Angeles, Austin, and New York City that specializes in software and data management products for organizations that are testing and validating complex physical systems (like drones, planes, rockets, engines, satellites, nuclear reactors, etc.). We are backed by prolific and experienced venture capital firms like Founders Fund, Lux Capital, XYZ, Haystack, Human Capital, BoxGroup, etc., and have raised significant venture funding with strong early traction in both commercial aerospace as well as defense applications with the Department of Defense (DoD). The Nominal team comes from commercial companies like SpaceX, Palantir, Anduril, Lockheed Martin, and NASA and is active amongst customers in aerospace, defense, industrial, and advanced energy applications (autonomous aviation, eVTOL/VTOL, flight testing, satellite development, etc.). We are also building and delivering solutions to the United States Air Force (USAF) and are looking to expand use cases across the broader DoD test community. Our product is a data visualization and computation platform designed to accelerate how engineering teams test and validate hardware systems. We specifically aim to shorten the data review process after running tests and helping engineering organizations scale testing campaigns more efficiently and effectively to save time and lower costs. It works by combining heterogeneous data into runs and allowing users to easily build custom visualization and analysis. Users write test logic with interactive computation, and these checks can be applied to historical and future runs to compound learnings. Data sources can include telemetry, sensor data, logs, simulations, and other testing metadata like environment, vehicle, part, version, etc.

Sanctuary technology will help us work more safely, efficiently, and sustainably while also creating new jobs. It will make it possible to do a job from anywhere, without having to be there in person, help to address labour shortages around the world, and bring new hope and opportunities to those who might be less capable of physical work.