30 Top Industrial Startups Impacting The Industry in [2023]

Top Startups
30 Top Industrial Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of Industrial Companies with the highest growth rates?

You’re not alone.

There are hundreds of Industrial Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 30 fast-growing Industrial Startups that have top-tier venture capital funding.

What are Industrial Startups?

Industrial startups are businesses that focus on providing innovative solutions for industrial companies, such as those in the manufacturing, transportation, and energy sectors. They typically involve the use of technology to create products and services that increase productivity, efficiency, and cost savings. 

Industrial startups often focus on developing novel products and services that are designed to meet specific customer needs or solve existing problems. Examples of industrial startups include companies that develop software to optimize supply chain operations, IoT-enabled solutions to monitor and analyze industrial processes,

Top 30 Fastest-Growing Startups In Industrial

1) Reibus International

For the industrial metals sector, Reibus International is developing a B2B e-commerce platform.

Details of the startup:

  • Country: United States
  • City: Atlanta
  • Started in: 2018
  • Founders: David Bain, John Armstrong
  • Number of employees: 11-50
  • Funding amount: $26,650,000
  • Number of funding rounds: 4
  • Number of investors: 5

You can find their website here.

2) Atonarp

For chemical composition analysis, Atonarp combines electronics and data processing algorithms.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2010
  • Founders: Prakash Murthy, Tomoyoshi Sato
  • Number of employees: 101-250
  • Funding amount: $101,514,214
  • Number of funding rounds: 7
  • Number of investors: 13

You can find their website here.

3) Seeq

Seeq is a software startup that helps companies analyze process manufacturing data faster.

Details of the startup:

  • Country: United States
  • City: Seattle
  • Started in: 2012
  • Founders: Bob Moll, Brian Parsonnet, Jon Peterson, Mark Derbecker, Steve Sliwa
  • Number of employees: 101-250
  • Funding amount: $115,223,642
  • Number of funding rounds: 7
  • Number of investors: 11

You can find their website here.

4) Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of the startup:

  • Country: United States
  • City: Norwalk
  • Started in: 2012
  • Founders: Chad Hollingsworth, Dale Hollingsworth
  • Number of employees: 11-50
  • Funding amount: $12,500,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

5) Uptake Technologies

Enterprise software is designed and developed by Uptake Technologies.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2014
  • Founders: Bradley Keywell
  • Number of employees: 251-500
  • Funding amount: $218,000,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

6) Footprint

Footprint is dedicated to minimizing the usage of plastics by developing and manufacturing cutting-edge technology and solutions.

Details of the startup:

  • Country: United States
  • City: Gilbert
  • Started in: 2013
  • Founders: Troy Swope, Yoke Chung
  • Number of employees: 501-1000
  • Funding amount: $519,130,530
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

7) Heliogen

Heliogen is a renewable energy technology firm that harnesses the sun’s energy to replace fossil fuels.

Details of the startup:

  • Country: United States
  • City: Pasadena
  • Started in: 2013
  • Founders: Aaron Fyke, Bill Gross
  • Number of employees: 51-100
  • Funding amount: $128,550,000
  • Number of funding rounds: 5
  • Number of investors: 18

You can find their website here.

8) Beyond Limits

Beyond Limits is a firm that focuses on energy, utilities, and healthcare and develops industrial and enterprise-grade AI technology.

Details of the startup:

  • Country: United States
  • City: Glendale
  • Started in: 2014
  • Founders: AJ Abdallat, Mark James
  • Number of employees: 101-250
  • Funding amount: $158,500,000
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

9) Moleaer

MoleaerTM (Latin for “small air”), a firm established in Los Angeles, creates industrial nanobubble systems.

Details of the startup:

  • Country: United States
  • City: Torrance
  • Started in: 2016
  • Founders: Bruce Scholten, Warren Russell
  • Number of employees: 1-10
  • Funding amount: $20,000,000
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

10) Myelin Foundry

Myelin Foundry creates Artificial Intelligence algorithms for edge devices based on video, audio, and sensor data.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2019
  • Founders: Aditi Olemann, Ganesh Suryanarayanan, Gopichand Katragadda
  • Number of employees: 11-50
  • Funding amount: $2,001,796
  • Number of funding rounds: 4
  • Number of investors: 5

You can find their website here.

11) ProGlove

ProGlove creates cutting-edge industrial wearables that help manufacturing and logistics workers perform more efficiently, safely, and effectively.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2014
  • Founders: Alexander Grots, Jonas Girardet, Manuel Boenisch, Paul Günther, Thomas Kirchner
  • Number of employees: 101-250
  • Funding amount: $49,076,900
  • Number of funding rounds: 6
  • Number of investors: 5

You can find their website here.

12) Propeller Aero

Propeller is a global pioneer in drone mapping and analytics solutions that empower businesses to measure and control their own operations.

Details of the startup:

  • Country: Australia
  • City: Surry Hills
  • Started in: 2014
  • Founders: Francis Vierboom, Rory San Miguel
  • Number of employees: 101-250
  • Funding amount: $31,979,621
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

13) Industrybuying

The largest industrial ecommerce platform in India

Details of the startup:

  • Country: India
  • City: New Delhi
  • Started in: 2013
  • Founders: Rahul Gupta, Swati Gupta
  • Number of employees: 251-500
  • Funding amount: $39,800,000
  • Number of funding rounds: 7
  • Number of investors: 8

You can find their website here.

14) TRACTIAN

Maintenance personnel can use Shazam to spot machine problems early on.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2019
  • Founders: Igor Marinelli
  • Number of employees: 11-50
  • Funding amount: $3,700,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

15) OCSiAl Group

The first business to develop a low-cost, infinitely scaleable process for mass manufacture of graphene nanotubes.

Details of the startup:

  • Country: Luxembourg
  • City: Luxembourg
  • Started in: 2009
  • Founders: Mikhail Predtechenskiy, Oleg Kirillov, Yuriy Zelvenskiy, Yury Koropachinskiy
  • Number of employees: 251-500
  • Funding amount: $176,000,000
  • Number of funding rounds: 13
  • Number of investors: 4

You can find their website here.

16) Sunfire

Sunfire creates and produces systems for the production of renewable industrial gas and fuels.

Details of the startup:

  • Country: Germany
  • City: Dresden
  • Started in: 2010
  • Founders: Carl Berninghausen, Christian Olshausen, Nils Aldag
  • Number of employees: 101-250
  • Funding amount: € 39,000,000
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

17) BuyHive

BuyHive is responsible for sourcing products and manufacturers with greater trust and transparency for global purchasers.

Details of the startup:

  • Country: Hong Kong
  • City: Hong Kong
  • Started in: 2019
  • Founders: Brent Barnes, Michael Hung, Minesh Pore
  • Number of employees: 11-50
  • Funding amount: $1,650,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

18) Bosch

The Bosch Group is a global technology and service provider.

Details of the startup:

  • Country: Germany
  • City: Stuttgart
  • Started in: 1886
  • Founders: ahmed almzwghe, Robert Bosch
  • Number of employees: 10001+

You can find their website here.

19) TATA Projects

Tata Projects is one of India’s most admired and fastest-growing infrastructure enterprises.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 1979
  • Founders: Kanishka Roy
  • Number of employees: 1001-5000
  • Funding amount: ₹3,350,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

20) Altizon Systems

Altizon helps businesses use machine data to drive business choices all across the world, enabling Industrial Digital Revolutions.

Details of the startup:

  • Country: India
  • City: Pune
  • Started in: 2013
  • Founders: Ranjit Nair, Vinay Nathan, Yogesh Kulkarni
  • Number of employees: 51-100
  • Funding amount: $11,000,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

21) Yotako

Yotako speeds up web and mobile app development by allowing for a seamless transition from design to code.

Details of the startup:

  • Country: Luxembourg
  • City: Esch-sur-alzette
  • Started in: 2016
  • Founders: Alfonso Garcia Frey, Damien Neuberg
  • Number of employees: 1-10
  • Funding amount: € 1,250,000
  • Number of funding rounds: 3
  • Number of investors: 1

You can find their website here.

22) Klabin

Klabin converts raw materials into multiple-use, renewable, and biodegradable products.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 1899
  • Number of employees: 10001+
  • Funding amount: R$3,000,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

23) Emirates Global Aluminium

Outside of the oil and gas sector, Emirates Global Aluminium (EGA) is the largest industrial firm in the UAE.

Details of the startup:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 1975
  • Number of employees: 10001+
  • Funding amount: $600,000,000
  • Number of funding rounds: 1
  • Number of investors: 4

You can find their website here.

24) Zeals

Zeals is a messaging-based interactive ad solution.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2014
  • Founders: Sou Shimada
  • Number of employees: 1-10
  • Funding amount: ¥850,000,000
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

25) Zhenkunxing

Zhenkunxing is a manufacturing industry industrial supplies service platform.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 1998
  • Number of employees: 251-500
  • Funding amount: $699,302,008
  • Number of funding rounds: 7
  • Number of investors: 20

You can find their website here.

26) RootCloud

RootCloud is a cloud computing platform for IoT and industrial applications.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2016
  • Number of employees: 501-1000
  • Funding amount: $194,645,305
  • Number of funding rounds: 3
  • Number of investors: 17

You can find their website here.

27) Standard Robots

Standard Robots is a robotics firm that provides industrial logistics solutions that are versatile.

Details of the startup:

  • Country: China
  • City: Baoan
  • Started in: 2016
  • Number of employees: 251-500
  • Funding amount: $21,504,760
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

28) Origin Space

Origin Space is a company that develops space mineral resources.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 2017
  • Number of employees: 1-10
  • Funding amount: CN¥50,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

29) VisionNav Robotics

VisionNav Robotics is a provider of unmanned industrial vehicle technology.

Details of the startup:

  • Country: China
  • City: Shenzhen
  • Started in: 2016
  • Number of employees: 11-50
  • Funding amount: CN¥120,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

30) Haizol.com

HAIZOL is a professional online sourcing marketplace for custom parts and components in China.

Details of the startup:

  • Country: China
  • City: Xuhui
  • Started in: 2015
  • Founders: Sherry She
  • Number of employees: 101-250
  • Funding amount: $20,896,248
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

FAQs

Is Industrial Business Profitable?

The profitability of an industrial business depends on the size of the operation, the demand for its products, the costs of production and other factors. Generally speaking, industrial businesses can be profitable if they are managed efficiently and use the right strategies.

What Is The Average Investment In Industrial?

The average investment in an industrial business varies greatly depending on the type of business and the size of the operation. However, the average industrial business requires an initial investment of between $50,000 and $10 million.

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