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The Founder's Handbook

Top 34 Industrial Startups in 2024

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Have you ever wondered who is on the list of Industrial companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 34 fast-growing Industrial startups that have top-tier venture capital funding.


34 Industrial Startups

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1) Atonarp

Atonarp

For chemical composition analysis, Atonarp combines electronics and data processing algorithms.

Details of the startup:

  • Country: Japan
  • State: Tokyo
  • City: Tokyo
  • Started in: 2010
  • Founders: Prakash Murthy, Tomoyoshi Sato
  • Number of employees: 101-250
  • Funding: $101,514,214
  • Funding rounds: 7
  • Number of investors: 13 (SBI Investment, SMBC Venture Capital, Celesta Capital, Venture Labo Investment, Northwestern Mutual Future Ventures)

You can find their website here.

2) ProGlove

ProGlove

ProGlove creates cutting-edge industrial wearables that help manufacturing and logistics workers perform more efficiently, safely, and effectively.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2014
  • Founders: Alexander Grots, Jonas Girardet, Manuel Boenisch, Paul Günther, Thomas Kirchner
  • Number of employees: 101-250
  • Funding: $49,076,900
  • Funding rounds: 6
  • Number of investors: 5 (Intel Capital, Summit Partners, Bayern Kapital, Deutsche Invest Venture Capital, GETTYLAB)

You can find their website here.

3) Propeller Aero

Propeller Aero

Propeller is a global pioneer in drone mapping and analytics solutions that empower businesses to measure and control their own operations.

Details of the startup:

  • Country: Australia
  • State: New South Wales
  • City: Surry Hills
  • Started in: 2014
  • Founders: Francis Vierboom, Rory San Miguel
  • Number of employees: 101-250
  • Funding: $31,979,621
  • Funding rounds: 5
  • Number of investors: 9 (Accel, Sequoia Capital China, Costanoa Ventures, Blackbird Ventures, Startmate)

You can find their website here.

4) TRACTIAN

TRACTIAN

Maintenance personnel can use Shazam to spot machine problems early on.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2019
  • Founders: Igor Marinelli
  • Number of employees: 11-50
  • Funding: $3,700,000
  • Funding rounds: 2
  • Number of investors: 8 (Y Combinator, Immad Akhund, Norte Ventures, DGF Investimentos, Parker Treacy)

You can find their website here.

5) OCSiAl Group

OCSiAl Group

The first business to develop a low-cost, infinitely scaleable process for mass manufacture of graphene nanotubes.

Details of the startup:

  • Country: Luxembourg
  • State: Luxembourg
  • City: Luxembourg
  • Started in: 2009
  • Founders: Mikhail Predtechenskiy, Oleg Kirillov, Yuriy Zelvenskiy, Yury Koropachinskiy
  • Number of employees: 251-500
  • Funding: $176,000,000
  • Funding rounds: 13
  • Number of investors: 4 (RUSNANO, ExpoCapital, A&NN Investments, Igor Kim)

You can find their website here.

6) Sunfire

Sunfire

Sunfire creates and produces systems for the production of renewable industrial gas and fuels.

Details of the startup:

  • Country: Germany
  • State: Sachsen
  • City: Dresden
  • Started in: 2010
  • Founders: Carl Berninghausen, Christian Olshausen, Nils Aldag
  • Number of employees: 101-250
  • Funding: € 39,000,000
  • Funding rounds: 5
  • Number of investors: 9 (Idinvest Partners, Total Carbon Neutrality Ventures, Neste, Inven Capital, Electranova Capital)

You can find their website here.

7) BuyHive

BuyHive

BuyHive is responsible for sourcing products and manufacturers with greater trust and transparency for global purchasers.

Details of the startup:

  • Country: Hong Kong
  • State: Hong Kong Island
  • City: Hong Kong
  • Started in: 2019
  • Founders: Brent Barnes, Michael Hung, Minesh Pore
  • Number of employees: 11-50
  • Funding: $1,650,000
  • Funding rounds: 2
  • Number of investors: 3 (Minesh Pore, Brent Barnes, Michael Hung)

You can find their website here.

8) Bosch

Bosch

The Bosch Group is a global technology and service provider.

Details of the startup:

  • Country: Germany
  • State: Baden-Wurttemberg
  • City: Stuttgart
  • Started in: 1886
  • Founders: ahmed almzwghe, Robert Bosch
  • Number of employees: 10001+

You can find their website here.

9) Yotako

Yotako

Yotako speeds up web and mobile app development by allowing for a seamless transition from design to code.

Details of the startup:

  • Country: Luxembourg
  • State: Luxembourg
  • City: Esch-sur-alzette
  • Started in: 2016
  • Founders: Alfonso Garcia Frey, Damien Neuberg
  • Number of employees: 1-10
  • Funding: € 1,250,000
  • Funding rounds: 3
  • Number of investors: 1 (Angelsquare)

You can find their website here.

10) Klabin

Klabin

Klabin converts raw materials into multiple-use, renewable, and biodegradable products.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 1899
  • Number of employees: 10001+
  • Funding: R$3,000,000,000
  • Funding rounds: 1
  • Number of investors: 1 (The Brazilian Development Bank(BNDES))

You can find their website here.

11) Emirates Global Aluminium

Emirates Global Aluminium

Outside of the oil and gas sector, Emirates Global Aluminium (EGA) is the largest industrial firm in the UAE.

Details of the startup:

  • Country: United Arab Emirates
  • State: Dubai
  • City: Dubai
  • Started in: 1975
  • Number of employees: 10001+
  • Funding: $600,000,000
  • Funding rounds: 1
  • Number of investors: 4 (Standard Chartered Bank, Emirates NBD, Mashreq Bank, Commercial Bank of Dubai)

You can find their website here.

12) Zeals

Zeals

Zeals is a messaging-based interactive ad solution.

Details of the startup:

  • Country: Japan
  • State: Tokyo
  • City: Tokyo
  • Started in: 2014
  • Founders: Sou Shimada
  • Number of employees: 1-10
  • Funding: ¥850,000,000
  • Funding rounds: 4
  • Number of investors: 3 (FreakOut Holdings, JAFCO Japan, CyberAgent)

You can find their website here.

13) Myelin Foundry

Myelin Foundry

Myelin Foundry creates Artificial Intelligence algorithms for edge devices based on video, audio, and sensor data.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2019
  • Founders: Aditi Olemann, Ganesh Suryanarayanan, Gopichand Katragadda
  • Number of employees: 11-50
  • Funding: $2,001,796
  • Funding rounds: 4
  • Number of investors: 5 (International Finance Corporation, Endiya Partners, Stellaris Venture Partners, Beyond Next Ventures, Pratithi Investment Trust)

You can find their website here.

14) Industrybuying

Industrybuying

The largest industrial ecommerce platform in India

Details of the startup:

  • Country: India
  • State: Delhi
  • City: New Delhi
  • Started in: 2013
  • Founders: Rahul Gupta, Swati Gupta
  • Number of employees: 251-500
  • Funding: $39,800,000
  • Funding rounds: 7
  • Number of investors: 8 (Kalaari Capital, BEENEXT, BlackSoil, SAIF Partners, Trifecta Capital Advisors)

You can find their website here.

15) TATA Projects

TATA Projects

Tata Projects is one of India's most admired and fastest-growing infrastructure enterprises.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 1979
  • Founders: Kanishka Roy
  • Number of employees: 1001-5000
  • Funding: ₹3,350,000,000
  • Funding rounds: 1
  • Number of investors: 1 (Tata Opportunities Fund (TOF))

You can find their website here.

16) Altizon Systems

Altizon Systems

Altizon helps businesses use machine data to drive business choices all across the world, enabling Industrial Digital Revolutions.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Pune
  • Started in: 2013
  • Founders: Ranjit Nair, Vinay Nathan, Yogesh Kulkarni
  • Number of employees: 51-100
  • Funding: $11,000,000
  • Funding rounds: 5
  • Number of investors: 7 (Wipro Technologies, Wipro Ventures, TVS Motor Company, Lumis Partners, HIVE Ventures)

You can find their website here.

17) Zhenkunxing

Zhenkunxing

Zhenkunxing is a manufacturing industry industrial supplies service platform.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 1998
  • Number of employees: 251-500
  • Funding: $699,302,008
  • Funding rounds: 7
  • Number of investors: 20 (Tencent, Tiger Global Management, Matrix Partners China, Legend Capital, Royal Dutch Shell)

You can find their website here.

18) RootCloud

RootCloud

RootCloud is a cloud computing platform for IoT and industrial applications.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2016
  • Number of employees: 501-1000
  • Funding: $194,645,305
  • Funding rounds: 3
  • Number of investors: 17 (Tencent, IDG Capital, Matrix Partners China, ZWC Partners, Patrick Cheung)

You can find their website here.

19) Standard Robots

Standard Robots

Standard Robots is a robotics firm that provides industrial logistics solutions that are versatile.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Baoan
  • Started in: 2016
  • Number of employees: 251-500
  • Funding: $21,504,760
  • Funding rounds: 3
  • Number of investors: 7 (Source Code Capital, Shenzhen Capital Group, Green Pine Capital Partners, Lightspeed China Partners, CASH Capital)

You can find their website here.

20) Origin Space

Origin Space

Origin Space is a company that develops space mineral resources.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2017
  • Number of employees: 1-10
  • Funding: CN¥50,000,000
  • Funding rounds: 1
  • Number of investors: 2 (Matrix Partners China, Linear Venture)

You can find their website here.

21) VisionNav Robotics

VisionNav Robotics

VisionNav Robotics is a provider of unmanned industrial vehicle technology.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2016
  • Number of employees: 11-50
  • Funding: CN¥120,000,000
  • Funding rounds: 3
  • Number of investors: 5 (Eastern Bell Capital, Lenovo Capital and Incubator Group (LCIG), Ivy Capital, COCOCapital, Flyfot Ventures)

You can find their website here.

22) Haizol.com

Haizol.com

HAIZOL is a professional online sourcing marketplace for custom parts and components in China.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Xuhui
  • Started in: 2015
  • Founders: Sherry She
  • Number of employees: 101-250
  • Funding: $20,896,248
  • Funding rounds: 2
  • Number of investors: 3 (Eastern Bell Capital, Hongtai Capital Holdings, Woofoo Capital)

You can find their website here.

23) QKM Technology

QKM Technology

QKM's objective is to become a leader in robotics by providing outstanding products and services to global manufacturing organizations.

Details of the startup:

  • Country: China
  • State: Hebei
  • City: Dongguan
  • Started in: 2011
  • Number of employees: 251-500
  • Funding: $19,327,898
  • Funding rounds: 4
  • Number of investors: 5 (Sequoia Capital China, SAIF Partners, FutureCap, Guangdong Technology Financial Group, Ying Capital)

You can find their website here.

24) Nanovision Technology

Nanovision Technology

Nanovision Technology is a high-tech company that specializes in high-speed, high-precision imaging.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Li Yunxiang
  • Number of employees: 11-50
  • Funding: CN¥160,000,000
  • Funding rounds: 1
  • Number of investors: 3 (Legend Capital, Hillhouse Capital Group, Sherpa Venture Capital)

You can find their website here.

25) Slamtec

Slamtec

Slamtec is the first company to offer high-performance robot localisation at a consumer level.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2013
  • Founders: Jacky Li, Ling Lin
  • Number of employees: 11-50
  • Funding: $32,099,122
  • Funding rounds: 2
  • Number of investors: 4 (China Equity, Shenzhen Guozhong Venture Capital Management, CAS Holding Group, Qianshi Capital)

You can find their website here.

26) ROBOT++

ROBOT++

Robot++ is a firm that specializes in the study and development of intelligent robots.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Haidian
  • Started in: 2015
  • Number of employees: 1-10
  • Funding: CN¥66,000,000
  • Funding rounds: 4
  • Number of investors: 11 (Baidu Ventures, Eagles Fund, Panda Capital, TusStar, Taiyou Fund)

You can find their website here.

27) Reibus International

Reibus International

For the industrial metals sector, Reibus International is developing a B2B e-commerce platform.

Details of the startup:

  • Country: United States
  • State: Georgia
  • City: Atlanta
  • Started in: 2018
  • Founders: David Bain, John Armstrong
  • Number of employees: 11-50
  • Funding: $26,650,000
  • Funding rounds: 4
  • Number of investors: 5 (Canaan Partners, Initialized Capital, Bowery Capital, Nosara Capital, Stage 2 Capital)

You can find their website here.

28) Seeq

Seeq

Seeq is a software startup that helps companies analyze process manufacturing data faster.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2012
  • Founders: Bob Moll, Brian Parsonnet, Jon Peterson, Mark Derbecker, Steve Sliwa
  • Number of employees: 101-250
  • Funding: $115,223,642
  • Funding rounds: 7
  • Number of investors: 11 (Insight Partners, Madrona Venture Group, Cisco, Next47, Saudi Aramco Energy Ventures)

You can find their website here.

29) Triax Technologies, Inc.

Triax Technologies, Inc.

Triax Technologies, Inc. provides a linked IoT worksite platform for the construction, energy, and heavy industrial sectors.

Details of the startup:

  • Country: United States
  • State: Connecticut
  • City: Norwalk
  • Started in: 2012
  • Founders: Chad Hollingsworth, Dale Hollingsworth
  • Number of employees: 11-50
  • Funding: $12,500,000
  • Funding rounds: 1
  • Number of investors: 2 (Connecticut Innovations, McRock Capital)

You can find their website here.

30) Uptake Technologies

Uptake Technologies

Enterprise software is designed and developed by Uptake Technologies.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2014
  • Founders: Bradley Keywell
  • Number of employees: 251-500
  • Funding: $218,000,000
  • Funding rounds: 4
  • Number of investors: 7 (New Enterprise Associates, GreatPoint Ventures, Baillie Gifford, Revolution, Lightbank)

You can find their website here.

31) Footprint

Footprint

Footprint is dedicated to minimizing the usage of plastics by developing and manufacturing cutting-edge technology and solutions.

Details of the startup:

  • Country: United States
  • State: Arizona
  • City: Gilbert
  • Started in: 2013
  • Founders: Troy Swope, Yoke Chung
  • Number of employees: 501-1000
  • Funding: $519,130,530
  • Funding rounds: 3
  • Number of investors: 2 (S2G Ventures, Olympus Partners)

You can find their website here.

32) Heliogen

Heliogen

Heliogen is a renewable energy technology firm that harnesses the sun's energy to replace fossil fuels.

Details of the startup:

  • Country: United States
  • State: California
  • City: Pasadena
  • Started in: 2013
  • Founders: Aaron Fyke, Bill Gross
  • Number of employees: 51-100
  • Funding: $128,550,000
  • Funding rounds: 5
  • Number of investors: 18 (Bill Gates, Revolution’s Rise of the Rest Seed Fund, Prime Movers Lab, Neotribe Ventures, Steve Case)

You can find their website here.

33) Beyond Limits

Beyond Limits

Beyond Limits is a firm that focuses on energy, utilities, and healthcare and develops industrial and enterprise-grade AI technology.

Details of the startup:

  • Country: United States
  • State: California
  • City: Glendale
  • Started in: 2014
  • Founders: AJ Abdallat, Mark James
  • Number of employees: 101-250
  • Funding: $158,500,000
  • Funding rounds: 3
  • Number of investors: 2 (Group 42, BP Ventures)

You can find their website here.

34) Moleaer

Moleaer

MoleaerTM (Latin for "small air"), a firm established in Los Angeles, creates industrial nanobubble systems.

Details of the startup:

  • Country: United States
  • State: California
  • City: Torrance
  • Started in: 2016
  • Founders: Bruce Scholten, Warren Russell
  • Number of employees: 1-10
  • Funding: $20,000,000
  • Funding rounds: 3
  • Number of investors: 4 (S2G Ventures, Energy Innovation Capital, ADM Capital, Cibus Fund)

You can find their website here.

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