Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, 2020 still managed to produce thousands of startups. To introduce you to 7 emerging startups founded in 2020, we analyzed 770 Industry 4.0 startups. All of them develop innovative solutions spanning from robotics to cybersecurity and cloud computing.
The 7 promising Industry 4.0 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 770 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 industry 4.0 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: 7 Industry 4.0 Startups to Watch in 2021
The Global Startup Heat Map below highlights 7 Industry 4.0 startups, established in 2020, developing technology-driven solutions for the automotive industry. Moreover, you can explore global hotspots for Industry 4.0 startups and even download this graphic to include in your next presentation.
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Telivity – Internet of Things (IoT)
Predictive maintenance, wireless monitoring, and inventory management are only a few of the applications of the Internet of Things, a driving force of Industry 4.0. IoT applications are disrupting many industries, including logistics, agriculture, and manufacturing. Startups develop innovative IoT solutions to help companies benefit from the abundance of data that is available. These solutions process and analyze the data to provide valuable insights.
Telivity is a US-based startup developing an AI-driven industrial IoT (IIoT) platform based on cloud infrastructure. The startup offers a multi-cloud environment, which provides autoscaling, disaster recovery, maintenance, and monitoring for IoT operations. The startup’s software increases speed and efficiency, automating IoT operational processes.
Standard Work – Data Analytics
Startups employ analytical methods to make sense of the large amount of data generated in the industry. These methods provide deep insights into performance, wear and tear, or the influence of other elements. The data-driven insights are crucial for automation, predictive maintenance, and quality management. As a result, data collection and analytics tools play a big part in the development of Industry 4.0.
Portuguese startup Standard Work provides data analytics solutions for process optimization in Industry 4.0 manufacturing. The startup’s customizable platform utilizes the lean principles for process improvement for efficient data collection and analysis. Standard Work’s solutions enable fast and efficient condition observation for process standardization.
Insensor Technology – Sensors
Facilitating the development of Industry 4.0, sensors enable smart machine-to-machine and machine-to-human communication. Depending on their functionality, there are different types of sensors, such as infrared, temperature, proximity, level, and pressure. Sensors acquire the data essential for such processes as equipment failure prediction and property monitoring.
Insensor Technology is a Polish startup that develops sensor communication technologies for multiple industries. The startup’s sensors incorporate artificial intelligence (AI) for industrial safety maintenance. The sensors support different communication technologies, such as low-power wide-area network (LPWAN), long term evolution for machines (LTE-M), and narrowband Internet of Things (NB-IoT). By helping to maintain the safety of industrial processes, the startup’s sensors reduce costs and time spent on hazard mitigation.
Momentum Z – Cybersecurity & Compliance
The widespread application of IoT and big data for Industry 4.0 increases the likelihood of a data breach. Adoption of cybersecurity practices mitigates threats and ensures the effective operation of IoT systems. Startups develop cybersecurity and compliance solutions to help companies protect their information and assets against cyber threats, ensuring operational efficiency.
Singaporean startup Momentum Z provides privacy protection and compliance services for connected devices, products, and services. The startup offers risk assessment, compliance regulation, and threat intelligence. Additionally, the startup provides its VAPT penetration testing and Data Privacy Protection (DPP) solutions, ensuring the operational safety of their clients.
Bullzaye – Artificial Intelligence
AI and machine learning (ML) algorithms optimize manufacturing processes, moving the industry towards complete automation. The algorithms enable predictive maintenance, computer vision, swarm intelligence, and robotics, which transform Industry 4.0. Startups develop AI solutions to optimize the efficiency, cost-effectiveness, and safety of manufacturing processes.
Bullzaye is an Emirati startup providing AI services for anomaly detection, predictive maintenance, image recognition, and forecasting for organizations in manufacturing. The startup offers AI strategy development, computer vision, natural language processing (NLP), and data science resourcing services. By helping companies transform their manufacturing operations, the startup’s solutions maximize production efficiency.
Pangolin Backup – Cloud Backup
Because security is crucial for the effective use of data, startups, and companies embracing Industry 4.0 look for cloud-based solutions that protect data. Cloud environment helps companies minimize data recovery expenses and provide a safety net against malicious attacks. In particular, cloud backup is an effective way to protect valuable data from ransomware or accidental deletion.
The UK-based startup Pangolin Backup offers cloud-based solutions for off-site data backup, encryption, and easy access. By storing the data in a certified data center, the startup’s solutions prevent the possibility of cyberattacks, data deletion, or corruption. These cloud solutions help various industries ensure the security of operations and curb data recovery expenses.
Robo Home – Robotic Arm
The utilization of the robotic arm in manufacturing processes, such as material handling and welding, transforms the safety and efficiency standards of Industry 4.0. The use of AI and careful software design allows robots to divide complex tasks into simple steps, enable the end of arm tooling (EOAT), and work alongside human workers. These abilities make robotic arms effective and reliable tools with multiple industrial applications.
Robo Home is an Indian startup developing robotic arm software solutions. The startup builds adaptable products that operate with all types of robotic hardware. Using AI, the startup’s software solution learns abilities such as 3D perception and motion planning, making its robotic arms an essential tool for Industry 4.0 application.
What does 2021 bring for Industry 4.0 companies?
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 report on the Top 10 Industry 4.0 Innovation Trends 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.
