Call it a “back to the future” moment: hardware is hot.
After years of private tech investors favoring software startups, new hardware companies are attracting keen attention. Witness Wednesday’s $30 million investment in Webcam startup DropCam. Software still gets more buzz — and yes, more money — but in the last couple of years, more than $711 million was poured into hardware startups, according to a recent blog post by Renee Di DiResta, a principal at O’Reilly AlphaTech Ventures.
It’s an uptick that correlates with the rise in smartphones, according to investors who say recent hits like Dropcam, Nest and Fitbit are just the tip of the iceberg.
“You have more and more people with computing and engineered devices in their pockets and on the go,” said Menlo Ventures Principal Sunil Raman, who sees the start of a tipping point for hardware. “It’s become a lot more interesting for hardware.”
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground” – Adafruit’s Apps!
Maker Business — Bunnie working with Snowden on phone tracking and also taking on the DMCA Section 1201 with the EFF
Wearables — Gluing gloves
Electronics — Code like everyone’s watching
Biohacking — Melatonin Hacking – Avoiding Blue Light Near Bedtime
No comments yet.
Sorry, the comment form is closed at this time.