Latest News Hardware startup funding: September

November 1st 2016

Your monthly round-up of hardware startup funding news. We’ve slaved over countless hardware news funnels, blogs, Twitter feeds and everything in between to deliver a succinct snapshot of who’s getting what in the technology sector. Every month we’ll deliver on our promise to keep you up to date on the movers, shakers and the makers as they battle it out – royale style to be crowned the next unicorn of 2016.

Hardware startup funding: September
  • Moley threatens to end badly home-cooked meals forever with their robotic chef, set for early launch in 2018. Currently crowdfunding for £1 million on Seedrs, Moley has promised pledgers exclusive early access to their robotic kitchen.
  • Interactive photo frame company Joy, a San Francisco-based smart photo album startup, has garnered an impressive $2.5M seed round from investors including BoxGroup, Obvious Ventures, The Chernin Group, and Maywic Select Investments.
  • French startup Navya, maker of self-driving shuttle busses has racked up €30 million in funding to build out its team, technology and sales. Funding comes from backers Keolis, a public transportation company and Valeo an automotive parts group, along with Qatari investors Group8.
  • ShotTracker has managed to secure a $5m seed funding investment for their wearable sensor to (the clue’s in the name) track basketball shots. Investors include Greycroft Partners, Elysian Park Ventures, R/GA, former basketball star Magic Johnson and David Stern.
  • TVision, a Boston-based startup focused on eye-tracking tech to monitor TV viewing has secured $6.8 million from investors Accomplice, Golden Venture Partners, Jump Capital, and ITOCHU Technology Ventures.
  • Following a rebrand, Tovala, makers of the smart, cloud-connected countertop oven have cooked up a storm with a $1.6M seed round led by Origin Ventures with participation from New Stack Ventures, Service Provider Capital, and GREE Ventures, amongst others.
  • Texan startup Hangar is preparing companies to be drone away as they provide them with data from drone captures without corporations having to actually pilot anything themselves. Hangar raised $6.5 million with a seed round led by Lux Capital and joined by Fontinalis Partners.
  • Oryx Vision, an Israeli developer of solid-state sensors for autonomous vehicles have nabbed $17 million in a Series A funding round driven by Bessemer Venture Partners with participation from Trucks VC and Maniv Mobility.
  • Dublin and Berlin-based startup Smartfrog have secured a further €20 million in series A funding for their Smart cam and app/cloud service which allows users to keep an eye on their homes from their smartphones, tablets or computers.
  • A Series B funding round led by Walden International saw MEMSDrive secure $11 million for their (micro-electro-mechanical system) optical image stabilization actuator technology for smartphone cameras.


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