Hardware startups are expanding from the world of consumer tech; global hardware accelerator HAX knows this better than most and details the latest trends in its yearly report. One of the most active early-stage hardware investors, the group today released exclusively to TechCrunch its yearly report with insights on hardware startups.
The report highlighted several vital insights: hardware companies are increasingly entering the public market, and more privately-held hardware startups are exceeding a valuation of $1 billion. Of those unicorns, more than 50% are Chinese hardware companies.
Written by Matt Burns
This news first appeared on https://techcrunch.com/2019/10/18/exclusive-2019-hax-report-reveals-hardware-startup-trends/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “Exclusive: 2019 HAX report reveals hardware startup trends”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.