Skip to main content

Top Hardware unicorns in the world right now

Unicorns (private companies valued at over $1 Billion) have grown globally over the years with over 200 in existence right now in so many tech sectors with the bulk coming from e-commerce and Fintech, Hardware has always been a very competitive space with companies getting to heavily go head-to-head with each other to grab consumer and enterprise attention, Right here, We are bringing the list of the current hardware unicorns that are making huge revenues and currently gaining very good traction, These companies all together are worth more than a whooping $70 Billion and got revenues of over $20 Billion last year alone.

They are:

Xiaomi

image credit : Xiaomi

Founded just 8 years ago by the 8 people pictured above with Lei Jun (middle) as the major player, Xiaomi which is notable for its high end smartphones coming at cheaper prices made a whooping $18 Billion in last year's revenue and currently commands a huge private valuation of $46 Billion after raising a total of $3.4 Billion and is currently prepping for an IPO which will see the company valued at over $70 Billion coming up very soon.

DJI Innovations



This $10 Billion company was founded 12 years ago by Chinese billionaire entrepreneur Frank Wang in his dorm room at The Hong Kong University of Science & Technology and has grown to over $2.83 Billion in last year's revenue.

Global Switch

image credit : Global Switch

This $6 Billion data storage company is not a typical one given that it wasn't established as a start-up but was founded by the business mogul Reuben Brothers 20 years ago as a business venture with the company later selling a total of 51% stake in two deals to Chinese Investors for more than $3 Billion.

Global Switch builds hardware for data storage, stores on and also sell its hardware to a wide range of internet and software companies and is currently valued at $6.02 Billion.


Meizu Technology

image credit : Meizu

Meizu is notable for producing very good smartphones and is one of the major players in the Chinese smartphone market, The company has released a slew of amazing smartphones which received very positive feedback and sold very well to consumers all around the world.

This company was founded by Jack Wong in 2003 and is now valued at a huge $4.58 Billion selling 20 million smartphones last year with about $3.1 Billion coming as revenue from those sales.




Royole Corporation


image credit : Royole

Royole is an American based China originated hardware manufacturer which makes smart devices, flexible Displays and sensors for a wide range of companies.

The company was founded in 2012 by Stanford University Alumni and makes a wide array of high tech products which include the RoWrite smart writing pad and the Moon 3D mobile theater which combines VR and high quality audio to create the best experience for its users.

Royole has also recently announced a $1.7 Billion company campus where its flexible display will be mass produced for shipping to a huge number of buyers.


Carbon 3D




Carbon 3D as it name implies produces hardware for innovative and mass production 3D printing and then offers its printing services using a subscription based model to a number of companies which uses them to manufacture a wide range of tools and objects.

The company founded by Father and Son duo Joseph DeSimone and Philip DeSimone currently produces the Carbon SpeedCell™ which is is a system of connected manufacturing unit operations that enables repeatable production of end-use parts at any scale through the use of high end printing technology.

Carbon 3D which is valued at huge $1.7 Billion after having raised $140 million to develop its technology has collaborated and greatly increased manufacturing efficiency for a good number of companies including Adidas, Electric bus manufacturer Proterra, Ziemek dental, BIOLASE and others who have given the company great thumbs up and positive feedback.



Infinidat



Infinidat is U.S. based Israeli originated data storage company which manufactures hardware to efficiently store data with a flash-optimized storage at a very cheaper price point which makes customers very attracted to its services.

Infinidat which is currently valued at $1.6 Billion was founded by Moshe Yanai who previously led the sale of an Israeli data storage startup XIV for $300 million to IBM is a notable EMC fellow who led its Symmetrix software unit from its inception in the 1980s to his departure from the company 17 years ago.

The company raised $150 million from notable technology investor TPG Capital to expand and boost the manufacturing of its products


Coocaa


image credit: Coocaa

Coocaa is a subsidiary of  Chinese based TV manufacturer Skyworth Digital Holdings which solely makes Smart Internet connected TVs and consumer electronics hardware , They produce very good Gaming Tvs, Bluetooth game handles and earphones and also home appliance smart remote controls.

The company is valued at a whooping $1.45 Billion after having raised $217 million from a number of investors with Chinese giant Baidu investing a huge $158 million and partnering with the company to serve content in a very interactive way to a huge number of Chinese users.

They have also branched out to make a wide range of other devices including gaming consoles and VR products.

Essential

image credit: Essential

Essential Products was founded by Android creator Andy Rubin and Danger Inc co-founder Matt Henderson 3 years ago, Released its first product, The Essential PH-1 and raised a huge $330 million from huge tech giants Amazon, Tencent and Foxconn.

The company is also working on a smart speaker dubbed the "Essential Home" which it plans to launch later but right now things aren't really looking clear because there have been very recent reports of Essential cancelling its future products and selling itself just 3 years after its start which doesn't look pretty good for the company.




Comments

Most Read Posts

Tesla Seals New Lithium Supply Deal

Electric carmaker Tesla has announced that it's entered into a binding agreement to purchase lithium ore mineral from Piedmont Lithium Limited, a publicly-traded lithium company that's based out of Australia. The agreement between both companies is initially for a five-year period, in which Tesla has committed to purchasing roughly one-third of Piedmont's annual output 160,000 tonnes of lithium ore mineral for each year as well as additional amounts that the electric carmaker has the option to request. The agreement is conditional on deliveries of the lithium ore beginning sometime between July 2022 and July 2023.Piedmont says it expects the Tesla deal to generate between 10-20% of total revenues from its proposed lithium project for the initial five-year period. That project, in particular, is the 'Piedmont Lithium Project', a lithium ore mining project being spearheaded by the company in the US state of North Carolina. A deal between Piedmont and Tesla represents…

Northvolt Lands $600 Million Round

Northvolt, a Swedish battery developer and manufacturer, has announced that it's landed $600 million in fresh private funding from a group of investors that include automakers Volkswagen and Scania, investment bank Goldman Sachs, asset management firms Baillie Gifford and Baron Capital Group, and Swedish entrepreneurs Cristina Stenbeck (AB Kinnevik) and Daniel Ek (Spotify). Northvolt will use the new capital to make further investments in expanding its battery production and recycling capacity, as it aims to establish 150 GWh of annual battery manufacturing capacity in Europe by the year 2030. Northvolt is currently building a battery 'gigafactory' in the Swedish city of SkellefteĆ„ that it says will have a potential annual production output of 40 GWh. In the same time frame, the company also plans to build a large-scale battery recycling factory beside the production facility that'll have an initial annual capacity of 4 GWh. Also, Northvolt plans to set up yet another …

Hims On Cusp Of Reverse Listing

Hims, a telemedicine upstart, is on the cusp of a deal to go public by merging with blank-check firm Oaktree Acquisition Corp, according to a report [paywall] from Bloomberg, which states that a deal could be announced as early as next week. According to Bloomberg, Oaktree Capital Group, the asset management firm which controls the blank-check firm, is in discussions with investors to raise about $75 million in new funds to fund a merger with Hims, which could be valued at up to $1.6 billion from the deal.Hims is a telemedicine upstart that's best known for offering online prescriptions to treat conditions that are usually stigmatized, such as sexual dysfunction. The company facilitates online consultations with doctors and deliveries of prescription drugs to patients. Also, Hims sells its own line-up of skincare products and vitamins. As a private company, Hims, which was founded in 2017, has raised nearly $200 million in funding and was valued at $1.1 billion from its most recen…

Peeking Into Postmates' Finances

Food delivery service Postmates in on the cusp of a deal to merge with counterpart Uber, which is coughing up $2.65 billion in stock to take over the company. As the merger nears, appropriate filings have been made with the U.S. Securities and Exchanges Commission (SEC), giving a peek into Postmates' finances, information not publicly revealed up until now. Filings with the SEC show that Postmates recorded roughly $321 million in revenue in 2019, but with a net loss of $420 million in the same year. In 2018, the San Francisco-based company reported roughly $156 million in revenue and a net loss of $129 million in that same year. As at the end of 2019, Postmates had $186 million in cash on its balance sheet, after having raised about $900 million in funding up until that point as a private company. In 2019, a year that Postmates sought to go public, the company burned through $335 million in sales and marketing expenses, its highest ever, and compared to $85 million for the same ac…

Brief: Apple Buys Scout FM

Technology giant Apple has bought Scout FM, a popular app that creates radio stations for podcast listeners. The acquisition was first reported [paywall] by Bloomberg, which notes that Apple acquired the company earlier this year. The financial terms of the acquisition aren't disclosed. As a private company, Scout FM had raised $1.4 million in known funding from investors including Bloomberg Beta, Betaworks, Precursor Ventures, and Advancit Capital. Apple's acquisition of Scout FM is one of several known purchases the company has made this year. The Cupertino, California-based tech giant has acquired more than half-a-dozen companies in 2020, including Fleetsmith, a mobile device management startup; Mobeewave, a payments company; virtual reality company NextVR; weather app Dark Sky; and artificial intelligence company Xnor.ai. Apple usually keeps its purchases tight-lipped, with most of them revealed by external media.

Tim Cook Lands Fresh Pay Package

Tim Cook, the Chief Executive of technology giant Apple, has been granted a new pay package that'll run from this year through 2025, as indicated by a filing submitted to the U.S. Securities and Exchanges Commission (SEC) by Apple. According to the filing, Tim Cook will receive 333,987 units of restricted stock that'll vest in thirds on an annual basis beginning 2023. The Apple CEO has also clinched a separate pay package of 333,987 units of stock that'll vest in 2023 and with an option to double if Apple meets certain performance targets. Under the compensation plan, Cook could pocket as much as 1 million shares over the next five years, shares worth $114 million going by Apple's current (as of writing) trading price of $114, and with even more potential to grow if Apple's share price climbs over the next five years.Cook, who took up the CEO position at Apple in 2011, has been handsomely paid over his career and just recently bagged a $280 million stock bonus as p…

Gemini Expands Into UK

Gemini, the popular US-based cryptocurrency exchange founded by the Winklevoss brothers, has officially fully expanded into the UK, now supporting cryptocurrency trading and custody transactions in pounds sterling (GBP), the UK's official currency. Gemini's launch, as expected, comes on the heels of the UK's Financial Conduct Authority (FCA) granting the company an Electronic Money Institution (EMI) license, a license that normally grants a firm the permission to store clients' money for longer periods and to also issue cards, e-wallets and other instruments that facilitate the usage of their clients' money. Gemini overall is one of the first crypto businesses to be given such a license in the UK.With Gemini's launch, users can now make crypto purchases with British pounds and also make pound deposits to fund their accounts on the go without any major need to transact in foreign currencies or incur exchange rate fees. Institutional investors in the UK are not s…

EU Fights Apple Tax Fine Reversal

The European Commission has said that it'll appeal an Irish tax penalty reversal that was recently granted to Apple after the technology giant won an appeal to a $15 billion tax penalty that was levied against it by the European Union's second-highest court. The tax penalty in concern was levied against Apple in 2016 over allegations that the European nation of Ireland granted selective tax breaks to the company, which maintains its European headquarters in Ireland. That penalty was later appealed by Apple as well as the Irish government, which both came out victorious in July of this year. Now, the European Commission's Executive Vice President, Margrethe Vestager, has said that it'll appeal the penalty reversal in the EU's highest court. Vestager is taking forward the matter to the European Court of Justice, officially the supreme court of the European Union. "If Member States give certain multinational companies tax advantages not available to their rivals,…

Exotec Bags $90 Million Round

Exotec, a French warehouse robotics startup, has announced that it's raised $90 million in a funding round led by venture capital firm 83North, with participation from Dell Technologies Capital, Iris Capital, and Breega. Exotec says it'll use the new funding to fuel its international development, particularly in the US state of Atlanta and the Japanese capital of Tokyo, and with an ultimate ambition to begin churning out as much as 4,000 robots each year by 2021.Exotec makes warehouse robots used by retailers and e-commerce companies to organize their warehouse fulfillment operations. The company's flagship product is the Skypod warehouse robot that's currently adopted by customers including French retail giant Carrefour and Japan's Fast Retailing, which is one of the biggest retailers in the country. Exotec, which is based out of France, has sought new international clients to boost business and has seemingly succeeded in doing so, with the company stating that it…

Cisco Snaps Up Portshift

Networking giant Cisco has announced that it's reached a deal to acquire Portshift, a cybersecurity startup based in Israel that was founded only two years ago. Financial terms of the deal weren't formally disclosed, but a report from Israeli newspaper Globes pegs the acquisition price at around $100 million. As a privately-held startup, Portshift has raised $5.3 million in known funding (Crunchbase data). The cybersecurity startup was founded out of Team8, an Israeli startup accelerator that may be best known for scoring a win when one of its incumbents, cybersecurity company Sygnia, sold to Singapore's Temasek for $250 million in 2018.  Portshift currently has just about 15 employees, who will all become housed under Cisco's Emerging Technologies and Incubation division following the completion of the acquisition. Among the employees that Cisco will be getting include Portshift's founders by the names of Ran Ilany (CEO), himself a cybersecurity veteran who before…