Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, new startups are founded every day. We analyzed 1.652 wearables startups, to introduce you to 5 recently founded ones. All of them develop innovative solutions spanning from audio glasses to smart wallets.
The 5 promising wearables startups you should watch in 2021 were hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. The 1.652 companies that were analyzed for this report are identified using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. When you are looking for up-to-date wearable solutions for your innovation units, R&D, or product development department, the StartUs Insights Discovery Platform gives you the most exhaustive collection and ensures you continuously discover new startups, scaleups, and technologies.
Global Startup Heat Map: 5 Wearables Startups to Watch in 2021
The Global Startup Heat Map below highlights 5 wearables startups, developing technology-driven solutions. Moreover, you can explore global hotspots for wearables startups and even download this graphic to include in your next presentation.
Skeeter manufactures a Smartwatch
Smartwatches, generally popular among fitness enthusiasts, also help doctors. For instance, some smartwatches combine artificial intelligence (AI) and voice recognition technology to transcribe patients’ words. They automatically transmit the data to an electronic health record (EHR) using a secure automation process. This enables physicians to reduce much of their time in EHRs and focus on patient care.
Swiss startup Skeeter manufactures a smartwatch for voice dictation, that records and transcribes everything to the physicians. The AI smartwatch skeeter has 8 hours of recordings per day, a web app, integration to your EHR, and data is encrypted, end to end. Hospitals waste a lot of their budgets, due to bureaucracy, but with skeeter, the time consumption in managerial and administrative activities can be reduced and doctors’ schedules are optimized by engaging more time with patients. Bleeding-edge technologies such as smart wearables enable healthcare providers to put patients at the heart of services allow practitioners to concentrate on their main activities.
Fauna designs Audio Glasses
Audio glasses combine visual aids, Bluetooth, speakers, and microphones into a single frame. They use the latest communication protocols such as Bluetooth 5.0 to enable hands-free and outer-ears-free phone calls, voice messages, and listening to music. Additionally, advances in charging technologies allow the glasses to be in standby mode for 20 hours or continuous streaming of audio for 4 hours.
Fauna is an Austrian startup that designs audio glasses with in-built speakers. The glasses come with standard blue light filter lenses and tinted lenses. However, opticians or optometrists can retrofit whichever lenses customers want into their smart glasses. The startup’s audio glasses stay connected up to 10 meters and feature energy-saving technologies. They provide daily wearing comfort and touch control for convenient calls and music listening experience.
Grapheal develops Patient Monitoring Wearables
Medical wearables are body-mounted sensors that collect, monitor and transmit vital data for healthcare purposes. They allow healthcare providers to determine whether a patient needs in-person attention or if their symptoms are treatable at home. The adoption of wearables for patient monitoring is on the rise due to the ease of utilizing sensors.
French startup Grapheal develops wearable and disposable biosensors for in-field diagnostics and continuous patient monitoring. The startup’s sensors use graphene technology in electronic wound patches that continuously measure and store biometric wound parameters. The solution transmits the data to the cloud via a smartphone app. Grapheal’s technology provides caregivers with an improved and individualized assessment tool for precision medicine.
CoilPay provides a Wearable Smart Wallet
Wearable technology now enables secure, contactless payments. And as companies such as Apple and Fitbit already support payments via wearables, consumers have become increasingly used to this technology. However, security is still a big concern when wearing one’s wallet on their wrist. That is why startups & scaleups are looking to enter the market by combining fitness trackers and contactless payments with best-in-class security.
The US-based startup CoilPay provides an end-to-end wearable payment ecosystem. The startup’s AI-powered wearable smart wallet, CuffOne+, enables contactless payments and acts as an on-device money management system. The wallet lets users select between multiple payment options and access cards. CuffOne+ uses a skin detachment sensor to detect when the user removes it from the wrist. It automatically locks itself in such a case, securing payment and health data collected on the device.
Humanox offers Sports Analytics
Many sports clubs use complex analytics on the data generated by their players during training and games. Wearables equipped with advanced sensors gather a large amount of information in real-time during games. This enables teams to interpret the data and generate insights that they implement in future games.
Humanox is a Spanish startup that develops smart and connected shin guards for sports analytics. The startup’s device, HX50, features accelerometers, miniature photosensors, and a high-sensitivity microphone to generate real-time insights into players’ conditions. It detects fatigue, distance, speed, heart rate, as well as positional statistics. The carbon-fiber shin guard collects data while playing and sends it to the HUMANOX platform for further analysis via a mobile or web interface.
How will Wearables impact your company?
To stay ahead of the technology curve, it is important that you know which technologies and industry trends will impact your company in 2021. You can explore our free Industry Innovation Reports or let us do the work for you. To keep you up-to-date on the latest technology and emerging solutions, we provide you with actionable innovation intelligence – quickly and exhaustively.