IoT (Internet of Things) is a rapidly growing industry within the field of technology. It is one of the widest ecosystems as it comprises a whole lot of devices. A few years back, there were very few smart devices that let you do basic tasks such as turning your lights on via a smartphone. Now, the market has grown considerably and many things have changed.
In today’s technologically advanced world, there are many good reasons to start living a smart life. There are products such as microwave, vacuum cleaner, sound system, etc. Notably, these are AI-enhanced smart devices. While smart home devices are popular, these are not due to the low energy consumption of these devices but sustainability, which saves heating and energy costs.
Without further ado, here we list the smart home or smart gadget startups in Europe that you should know in 2019.
Haiku (France)
Founders: Grégoire Lanaud
Funding: €150k
Valuation: €263k – €394k
Founded year: 2015
Why its hot: Haiku is a gesture-controlled navigation system for bikes. It is difficult and unsafe to take a look at the navigation applications while riding a bike. Haiku has come up with a new device to change this scenario. It features a variety of smartphone-driven features. This tiny gadget is mounted to the handlebars of the bike using a magnetic dock. It connects to your smartphone via Bluetooth and provides instant access to messages, notifications, directions, and more.
Baggizmo (Croatia)
Founders: Ladislav Juric
Founded year: 2014
Why its hot: Baggizmo is a wearable tech fashion brand, which has developed a unique gadget bag and the most advanced smart wallet. The wallet is called Baggizmo Wiseward. It is a stylish and smart wallet with improved security. It is the world’s smartest and most advanced wallet with a slew of functions. This smart wallet can house 15 cards in it.
Withings (France)
Founders: Cedric Hutchings, Eric Carreel
Funding: €30.7 million
Valuation: €170 million
Founded year: 2008
Why its hot: Withings revolutionised the segment of connected health with its world’s first Wi-Fi scale. Since then, Withings is known to bring innovative and easy-to-use devices that empower people make the right decisions related to their health. Its portfolio includes fitness trackers, hybrid smartwatches, medically accurate devices, advanced sleep-tracking mat, and more. Withings operates with the intention to develop next-generation smart health solutions.
Spectroplast (Switzerland)
Founders: Manuel Schaffner, Petar Stefanov
Funding: €1.5 million
Valuation: €6 million – €8 million
Founded year: 2018
Why its hot: Spectroplast is a leading silicone 3D printing startup meant to make life-saving products. Its prime area of focus is the segment of customised silicone healthcare products. Spectroplast operates with the mission to have a positive impact on the requirements of patients. Recently, the company raised seed funding from AM Ventures, a Munich-based investor.
Smartfrog (Ireland)
Founders: Abbas Sadegh, Andreas Rudyk, Norbert Stangl
Funding: €50 million
Founded year: 2014
Why its hot: Smartfrog is a tech company focusing on IoT. It aims to make everyday objects more intelligent by staying connected to the internet. The company lets users access these products from anywhere at any time. Smartfrog wants to make latest technological advancements more user-friendly and affordable so that our daily lives are more efficient, more secure, and more comfortable.
Minut (Sweden)
Founders: Fredrik Ahlberg, Marcus Ljungblad, Martin Loof, Nils Mattisson
Funding: €10.2 million
Valuation: €29 million – €43 million
Founded year: 2014
Why its hot: Minut, a Swedish IoT startup has developed a camera-less smart home security device. It is touted to be better than its rivals when it comes to protecting its users’ privacy. Dubbed Point, the wireless smart home alarm monitors your home without any invasive cameras. It uses humidity and temperature tracking, motion detection, and noise monitoring to send instant mobile alerts if there is an unusual occurrence at your home.
Mitte (Germany)
Founders: Moritz Waldstein, Faebian Bastiman
Funding: €10 million
Valuation: $42 million – $64 million
Founded year: 2015
Why its hot: Mitte intends to make the quality of water better. This German startup provides safe and healthy water to its users and revolutionises the way people drink water at home. This is possible with Mitte’s smart home water system, which is touted to confirm any water into healthy and clean water that is on par with mineral water.
Nuki (Austria)
Founders: Martin Pansy
Funding: €2 million
Valuation: €8 million – €12 million
Founded year: 2014
Why its hot: Nuki operates with the mission to make access controls smarter. With the help of smartphones, physical keys are not irrelevant. The company believes in the power of mobile technology to facilitate the daily lives of its users. The Nuki Smart Lock has been certified by AV-Test.
Stay tuned to Silicon Canals for more European technology news.
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