5 SaaS Startups in the Hardware Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Hardware industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 5 VC funded SaaS startups in the Hardware industry.

Hivecell

The first full edge-as-a-service system is called Hivecell. Hivecell makes it possible to deploy computational capacity similar to that found in clouds on-site, at the real edge, and outside the data closet. Hivecell was established in 2008 and has operations in Lviv, Ukraine, and Cedar Rapids, Iowa in addition to its main office in Beacon, New York.

Company details:
Founders:
Jeffrey Ricker, Paul Lyman
Founded:
2008
Based in:
Beacon, New York, United States
Website:
Hivecell
Industries:
Big Data, Cloud Computing, Cloud Data Services, Data Visualization, Hardware, Information Technology, Internet of Things, SaaS, Software
Latest funding:
$8,000,000
Series A
17 September 2021
Total funding:
$8,415,000
Investors
Rose Park Advisors, Scribble Ventures, ICU Ventures

Onvi

Onvi is a cutting-edge point-of-sale system created to assist ambitious hospitality companies in accepting more orders and payments across all channels. The finest in online ordering, a fully integrated order management system for delivery, and the deep insights to assist operators transform their passion into profit are all provided by Onvi to fuel hospitality enterprises.

Company details:
Founders:
Jon Clarke, Prask Sutton, Richie Stote
Founded:
2016
Based in:
London, England, United Kingdom
Website:
Onvi
Industries:
E-Commerce, Hardware, Hospitality, Mobile Payments, Point of Sale, SaaS, Sales, Software
Latest funding:
$5,993,456
Seed
30 March 2021
Total funding:
$17,393,890
Investors
Wayra, West Hill Capital

Plume Design

Plume is a software-as-a-service platform for communications service providers (CSPs) that enables the delivery of services for connected homes. Its platform serves connected homes, delivering features like optimum Wi-Fi, parental controls, and motion sensing to smart home residents while giving communication service providers back-end applications to provide support. Founded in 2015, the company is headquartered in Palo Alto, California.

Company details:
Founders:
Adam Hotchkiss, Aman Singla, Fahri Diner, Sri Nathan
Founded:
2015
Based in:
Palo Alto, California, United States
Website:
Plume Design
Industries:
Network Hardware, SaaS, Smart Home, Wireless
Latest funding:
$300,000,000
Series F
12 October 2021
Total funding:
$747,357,341
Investors
Comcast, Charter Communications, Insight Partners, Silicon Valley Bank, Samsung Ventures

VergeSense

The top workplace analytics software, VergeSense, is used by businesses all around the world. Businesses utilize VergeSense to change their static workplace into one that meets the requirements and expectations of today's workforce. Intelligent sensors built into its AI-driven platform allow it to continuously monitor how much space is being used. This information is examined on a workspace analytics dashboard and linked into key hybrid work software programs, including tools for IWMS and BMS, desk and room booking, room availability, employee mobile apps, and more. VergeSense is used by businesses to optimize building operations, minimize or reinvest real estate, and design locations where staff members may flourish. Costs are decreased, productivity is increased, culture and staff retention are enhanced, and sustainability is improved.

Company details:
Founders:
Dan Ryan, Kelby Green
Founded:
2017
Based in:
San Francisco, California, United States
Website:
VergeSense
Industries:
Analytics, Artificial Intelligence, Hardware, Information Technology, Real Estate, SaaS, Sensor
Latest funding:
$60,000,000
Series C
8 November 2021
Total funding:
$82,620,000
Investors
Y Combinator, Bolt, MetaProp, Touchdown Ventures, JLL Spark

Vibe

Vibe is an all-in-one collaboration center for hybrid teams that enables them to come up with new and more effective methods to discuss, develop, and come up with ideas.

Company details:
Founders:
Charles Yang, Jian Zhao, Jiulong Wang, Susie Deng
Founded:
2016
Based in:
Bellevue, Washington, United States
Website:
Vibe
Industries:
Communication Hardware, Computer, SaaS, Software
Latest funding:
$10,000,000
Series A
9 August 2021
Total funding:
$15,200,000
Investors
Sequoia Capital China, Cherubic Ventures, Challenjers Capital, China Growth Capital | CGC, Unity Ventures

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