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Other Topics
Many IoT and Industry 4.0 startups must build hardware as part of their value proposition. According to CBInsight, investments in hardware startups increasingly take a larger share (40+% in 2019) of VC dollars, but 74% of hardware startups never make it past their second round of funding, and 97% of them fail altogether. . .
According to the International Federation of Robotics, the total number of professional service robots sold between 2017 and 2018 increased by 61%, and there were 99 Industrial robots for every 10,000 workers. Mckinsey predicts that robots will replace 800 million workers by 2030. . .