Top 35 Wearables Startups to Look Out For in [2023]

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

You’re not alone.

There are hundreds of Wearables 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 35 fast-growing Wearables Startups that have top-tier venture capital funding.

What are Wearables Startups?

Wearable startups are companies that focus on developing, producing, and marketing wearable products such as smartwatches, fitness trackers, and smart glasses. These products are designed to increase convenience, safety, and health of the user. 

Wearable startups often use the latest technologies to create products that can be used in a variety of ways, such as tracking activities, monitoring vital signs, or providing notifications. 

These companies often have a strong focus on design and user experience, creating products that are both aesthetically pleasing and highly functional.

Top 35 Fastest-Growing Startups In Wearables

1) Wristcam

Wearables with Computer Vision

Details of the startup:

• Country: United States
• City: San Mateo
• Started in: 2012
• Founders: Adam Korbl, Ari Roisman, Jonathan Caras, Matt Frischer, Roi Ginat
• Number of employees: 11-50
• Funding amount: $76,000,000
• Number of funding rounds: 6
• Number of investors: 16

You can find their website here.

2) Rise Science

RISE is a sleep management application that provides personalized sleep planning.

Details of the startup:

• Country: United States
• City: Chicago
• Started in: 2014
• Founders: Jeff Kahn, Leon Sasson
• Number of employees: 1-10
• Funding amount: $15,500,000
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.‍

3) SiFive

SiFive is a semiconductor technology and software automation platform that is open-source.

Details of the startup:

• Country: United States
• City: San Mateo
• Started in: 2015
• Founders: Krste Asanovic, Yunsup Lee
• Number of employees: 251-500
• Funding amount: $190,500,000
• Number of funding rounds: 5
• Number of investors: 13

You can find their website here.

4) ŌURA

URA is a wellness ring and app that helps you sleep better and function better.

Details of the startup:

• Country: Finland
• City: Oulu
• Started in: 2013
• Founders: Kari Kivela, Markku Koskela, Petteri Lahtela
• Number of employees: 251-500
• Funding amount: $148,300,000
• Number of funding rounds: 7
• Number of investors: 36

You can find their website here.

5) WHOOP

WHOOP is a performance optimization system that helps athletes improve their performance by tracking their recuperation, training, and sleeping hours.

Details of the startup:

• Country: United States
• City: Boston
• Started in: 2012
• Founders: Aurelian Nicolae, John Capodilupo, Will Ahmed
• Number of employees: 251-500
• Funding amount: $204,751,000
• Number of funding rounds: 8
• Number of investors: 33

You can find their website here.

6) boAt

boAt is a domestic audio-tech earwear firm that specializes on well-designed, aspirational items at affordable prices.

Details of the startup:

• Country: India
• City: New Delhi
• Started in: 2016
• Founders: Aman Gupta, Sameer Mehta
• Number of employees: 101-250
• Funding amount: $116,258,656
• Number of funding rounds: 6
• Number of investors: 5

You can find their website here.

7) Hinge Health

Hinge Health is a digital clinic that focuses on treating chronic musculoskeletal disorders like back and joint pain.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2015
• Founders: Daniel Perez, Gabriel Mecklenburg
• Number of employees: 251-500
• Funding amount: $426,132,500
• Number of funding rounds: 7
• Number of investors: 12

You can find their website here.

8) FORTË

FORT brings you live and on-demand avant-garde fitness sessions from well-known boutique studios all over the world.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2015
• Founders: Lauren Foundos, Toby Dingemans
• Number of employees: 51-100
• Funding amount: $10,000,000
• Number of funding rounds: 4
• Number of investors: 7

You can find their website here.‍

9) Biofourmis

Biofourmis is a biotechnology business that uses digital treatments to supplement tailored care and therapies.

Details of the startup:

• Country: United States
• City: Boston
• Started in: 2015
• Founders: Kuldeep Singh Rajput, Wendou Niu
• Number of employees: 101-250
• Funding amount: $143,571,051
• Number of funding rounds: 8
• Number of investors: 12

You can find their website here.

10) Tractive

Tractive is a company that creates GPS tracking gadgets for dogs and cats.

Details of the startup:

• Country: Austria
• City: Pasching
• Started in: 2012
• Founders: Michael Hurnaus, Michael Lettner, Michael Tschernuth
• Number of employees: 51-100
• Funding amount: $37,687,997
• Number of funding rounds: 5
• Number of investors: 5

You can find their website here.

11) Magic Leap

Magic Leap is a wearable technology developed by Magic Leap that allows users to interact with digital gadgets in a purely visual cinematic manner.

Details of the startup:

• Country: United States
• City: Plantation
• Started in: 2010
• Founders: Brian Schowengerdt, Rony Abovitz
• Number of employees: 1001-5000
• Funding amount: $2,978,500,000
• Number of funding rounds: 10
• Number of investors: 27

You can find their website here.

12) Wyze Labs

Wyze Labs is a smart home device business with the goal of making smart home technology more accessible to the general public.

Details of the startup:

• Country: United States
• City: Kirkland
• Started in: 2017
• Founders: Dave Crosby, Dongsheng Song, Elana Fishman, Yun Zhang
• Number of employees: 101-250
• Funding amount: $45,000,000
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

13) COVER Corporation

COVER Corporation is a virtual live distribution service that allows businesses to make animation that is compatible with AR.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2016
• Founders: Tanigo Motoaki
• Number of employees: 11-50
• Funding amount: $8,683,441
• Number of funding rounds: 3
• Number of investors: 11

You can find their website here.‍

14) Dot Inc.

Dot is a leader in smart technology for the blind and deafblind, allowing people to live more independently.

Details of the startup:

• Country: South Korea
• City: Seoul
• Started in: 2015
• Founders: Eric Kim, Eric Kim, Ki Seong, Ki Seong, Mason Joo
• Number of employees: 11-50
• Funding amount: $12,973,192
• Number of funding rounds: 6
• Number of investors: 11

You can find their website here.

15) Ambiq Micro

Ambiq Micro is a semiconductor manufacturer that specializes in mixed-signal wireless electronics products.

Details of the startup:

• Country: United States
• City: Austin
• Started in: 2010
• Founders: David Blaauw, Dennis Sylvester, Scott Hanson
• Number of employees: 101-250
• Funding amount: $259,097,873
• Number of funding rounds: 16
• Number of investors: 18

You can find their website here.

16) Metacore

Metacore is a firm that makes wearable games.

Details of the startup:

• Country: Finland
• City: Helsinki
• Started in: 2014
• Founders: Aki Järvilehto, Markus Tuppurainen, Mika Tammenkoski
• Number of employees: 11-50
• Funding amount: $218,145,564
• Number of funding rounds: 6
• Number of investors: 5

You can find their website here.

17) Sarcos Robotics

Sarcos is a robotics firm that creates wearable and teleoperated industrial robotics to improve user safety and efficiency.

Details of the startup:

• Country: United States
• City: Salt Lake City
• Started in: 1983
• Founders: Ben Wolff, Stephen Jacobsen
• Number of employees: 101-250
• Funding amount: $96,125,000
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.

18) ZALORA Group

ZALORA is a website and e-commerce platform that sells apparel and footwear.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2012
• Founders: Christopher Strauch, Cooper McGuire, Hadi Wenas, Harry Markl, Magnus Grimeland, Peter Kopitz, Stefan Bruun
• Number of employees: 251-500
• Funding amount: $238,000,000
• Number of funding rounds: 4
• Number of investors: 8

You can find their website here.

19) Summersalt

Wardrobe must-haves The ride will be relaxing, and the destination will be stylish.

Details of the startup:

• Country: United States
• City: Saint Louis
• Started in: 2017
• Founders: Lori Coulter, Reshma Chattaram Chamberlin
• Number of employees: 11-50
• Funding amount: $26,650,000
• Number of funding rounds: 4
• Number of investors: 16

You can find their website here.

20) 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.

21) North

North creates human-centric technology that allows humans and technology to work together.

Details of the startup:

• Country: Canada
• City: Kitchener
• Started in: 2012
• Founders: Aaron Grant, Matthew Bailey, Stephen Lake
• Number of employees: 251-500
• Funding amount: $199,632,519
• Number of funding rounds: 12
• Number of investors: 24

You can find their website here.

22) Aevice Health

Aevice Health is a medical technology business that focuses on chronic obstructive pulmonary disease (COPD).

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2016
• Founders: Adrian Ang, Rex Tan, Ser Wee
• Number of employees: 11-50
• Funding amount: SGD2,800,000
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

23) Wandelbots

Wandelbots is a no-code robotics technology platform. Non-programmers can use it to teach industrial robots to perform precise jobs.

Details of the startup:

• Country: Germany
• City: Dresden
• Started in: 2017
• Founders: Christian Piechnick, Christoph Biering, Frank Fitzek, Georg Puschel, Giang Nguyen, Jan Falkenberg, Maria Piechnick, Sebastian Werner
• Number of employees: 51-100
• Funding amount: $38,184,408
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.

24) Outfit

Outfit revolutionizes how huge companies develop, collaborate on, and share branded marketing materials.

Details of the startup:

• Country: Australia
• City: South Brisbane
• Started in: 2013
• Founders: Bruce Stronge
• Number of employees: 11-50
• Funding amount: $21,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

25) Sheertex

Sheertex is a pantyhose company that specializes in unbreakable hosiery.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2017
• Founders: Katherine Homuth
• Number of employees: 11-50
• Funding amount: $44,320,000
• Number of funding rounds: 4
• Number of investors: 9

You can find their website here.

26) Soapbox Labs

SoapBox Labs’ privacy-first speech recognition software allows kids of different ages, accents, and dialects to have voice-enabled experiences.

Details of the startup:

• Country: Ireland
• City: Dublin
• Started in: 2013
• Founders: Patricia Scanlon
• Number of employees: 11-50
• Funding amount: $11,777,501
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

27) Purple Style Labs

Purple Style Labs Pvt Ltd (PSL) was founded by an IIT-Bombay alumnus and former Deutsche Bank banker.

Details of the startup:

• Country: India
• City: Mumbai
• Started in: 2015
• Founders: ABHISHEK (Monty) AGARWAL
• Number of employees: 11-50
• Funding amount: $5,151,102
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.

28) Petkit

Petkit is a high-tech firm that designs and manufactures smart pet products.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2013
• Founders: Weike Guo, Weixue Guo
• Number of employees: 1-10
• Funding amount: $35,375,903
• Number of funding rounds: 4
• Number of investors: 3

You can find their website here.

29) Robosoft Technologies

Robosoft Technologies is a digital experiences firm that provides digital advisory, design strategy, user interface/user experience (UI/UX), and engineering services.

Details of the startup:

• Country: India
• City: Udupi
• Started in: 1996
• Founders: Rohith Bhat
• Number of employees: 501-1000
• Funding amount: $15,700,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

30) Nymi

Workplace wearables with enterprise apps for security, productivity, and health and safety, based on a connected worker platform.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2011
• Founders: Karl Martin
• Number of employees: 51-100
• Funding amount: $36,300,000
• Number of funding rounds: 6
• Number of investors: 19

You can find their website here.

31) Clim8

Clim8 is on the verge of becoming a leader in intelligent thermal apparel.

Details of the startup:

• Country: France
• City: Écully
• Started in: 2016
• Founders: Florian Miguet, Julien Gueritee, Pierre Mouette
• Number of employees: 11-50
• Funding amount: $5,032,290
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

32) German Bionic

Exoskeleton technology is being developed by German Bionic to help people improve their physical abilities.

Details of the startup:

• Country: Germany
• City: Augsburg
• Started in: 2016
• Founders: Armin G. Schmidt, Dr. Peter Heiligensetzer, Michael Halbherr
• Number of employees: 11-50
• Funding amount: $23,500,000
• Number of funding rounds: 2
• Number of investors: 8

You can find their website here.

33) Triple W Japan

The world’s first toilet timing predictor device is made by Triple W Japan.

Details of the startup:

• Country: Japan
• City: Tokyo
• Started in: 2015
• Founders: Atsushi Nakanishi
• Number of employees: 11-50
• Funding amount: ¥1,680,000,000
• Number of funding rounds: 6
• Number of investors: 14

You can find their website here.

34) Kippy

Kippy is the first IoT device that tracks and monitors your four-legged friend’s physical activities in real time.

Details of the startup:

• Country: Italy
• City: Milano
• Started in: 2013
• Founders: Simone Sangiorgi
• Number of employees: 11-50
• Funding amount: $4,616,325
• Number of funding rounds: 5
• Number of investors: 5

You can find their website here.

35) Coolpad

Coolpad is a smartphone brand that focuses on connecting families via useful electronics.

Details of the startup:

• Country: China
• City: Shenzhen
• Started in: 1993
• Founders: Deying Guo
• Number of employees: 501-1000
• Funding amount: $788,354,165
• Number of funding rounds: 3
• Number of investors: 2

You can find their website here.

FAQs

Is Wearables Business Profitable?

The profitability of the wearables business depends on a number of factors, such as the product, the target market, the pricing model, and the marketing strategy. Generally speaking, wearables can be a profitable business as long as they are well designed, marketed, and supported. 

Companies that have successfully created and sold wearable products have done so by understanding their target audience, creating products that meet their needs, and pricing them competitively. Additionally, businesses should invest in marketing their wearables in order to grow their customer base and reach potential customers.

What Is The Average Investment In Wearables?

The average investment in wearables startups can range from $500,000 to $1 million. It is difficult to provide an exact figure as the amount of investment depends on the company, the stage of development, and the market potential.