PRESS RELEASE | NOVEMBER 2015Highway1 Holds Fall Demo Day
Highway1, the PCH accelerator program for hardware startups, today held its annual Fall Demo Day, in which the latest batch of startups pitch their companies and demonstrate their prototypes to a room full of investors and industry influencers.
The Fall 2015 cohort is the fifth to participate in Highway1, featuring 12 companies, four founded by women, from as far away as South Africa, Estonia and the United Kingdom.
More than half of the companies booked revenue from pilot or early product versions prior to joining, or while participating in Highway1.
Startups in this batch are working on consumer and business-to-business products across a variety of industries, ranging from smart home to healthcare, robotics, rideables, education and entertainment.
“As Highway1 has matured, so have our startups. More than half of the startups in our fifth batch have recorded sales prior to joining, or while at Highway1. They spend a grueling four months with us, working to turn their prototypes into products, and it all builds up to today when they demonstrate a working product that is ready to show investors and press.”
Brady Forrest – Vice President – Highway1
This fall marks the two-year anniversary of Highway1. In that time, Highway1 has accelerated some of the most popular hardware startups, including Chronos, Cue, Drop, Navdy, Podo and Ringly, among others. Highway1 graduates have raised more than $65 million in venture funding and an additional $11 million in crowdfunding to date, with one company being acquired.
Highway1 offers a collaborative, hands-on environment to help hardware startups achieve a looks-like, works-like prototype ready for funding in four months.
The program is an intense immersion into scaling a company, including: investment of up to $100,000; full-time design, engineering and business development support; 24/7 access to onsite, state-of-the-art prototyping labs; a trip to Shenzhen, China, to learn directly about manufacturing and supply chain management; introductions to world-class industrial design firms; and a compelling network of alumni, mentors and vendors.
Highway1 is currently accepting applications to the Spring 2016 program.
With the Spring cohort, Highway1 is increasing the investment in each startup, providing up to $100,000 for 8 percent equity or $50,000 for 5 percent.
The increase provides funding early in a company’s formation, when key decisions are being made that impact the company’s future.
Interested startups must apply before Nov. 16 at: http://highway1.io/apply
“The most exciting hardware startups today are reimagining the future we will live in tomorrow. I’m inspired by these founders and their companies and look forward to seeing the impact they will have on the world.”
Liam Casey, Founder and CEO, PCH
Fall 2015 Demo Day included presentations from the following 12 companies:
Asimmetric makes the Internet better for everyone.
Our connected sensors, combined with a suite of easy to use analytical tools, enable anyone who operates a wireless network, from global enterprises to the corner coffee shop, to identify and resolve issues fast. Asimmetric has deployed sensors in eight cities across three continents, providing real-time feedback for customers and trial users. https://asimmetric.com
Compression Kinetics is developing the next generation of wearable technology, actively improving the athletic performance of its wearers.
Pioneers of dynamic compression technology, Compression Kinetics is transforming existing compression techniques into a mobile, sleek and affordable wearable for the first time. With the simple Compression Kinetics calf sleeve, any athlete, from professionals to weekend warriors, can recover faster and improve performance. http://www.compkin.com
DotDashPay is an IoT payments platform, reducing payment implementation from months to hours for machine manufacturers.
The fully integrated platform offers vendors actionable data insights while drastically reducing compliance requirements and ensuring the payment system is seamlessly compatible with future technology. http://www.dotdashpay.com
Flipflic is the first plug-and-play solution to instantly transform existing window blinds into a smart home appliance.
Snap Flipflic onto your blinds with one click and maintain the ideal level of indoor light and temperature throughout the day. Intelligent control of light and temperature through window blinds can save homeowners 18 percent on monthly energy costs, reducing the need for artificial lighting, heating and cooling.
Flipflic is controlled with a smartphone app, and can be integrated directly into smart home systems such as iControl Networks, Control4, SmartThings, and Apple HomeKit. Flipflic delivered 100 beta units this year to customers in 15 countries across Europe, Australia, Brazil and North America and is fielding interest from leading home automation providers and window blinds resellers. http://www.flipflic.com
Luma Legacy is changing the future of jewelry, allowing you to carry digital memories throughout your day. http://lumalegacy.com
Magic Instruments is bringing the joy and creative freedom of playing musical instruments to everyone.
Combining the rich sound and expressive capabilities of a traditional guitar with a new and intuitive fretboard, anyone can pick up a Magic Instruments guitar and become a rock star in minutes. http://magicinstruments.com
MOTI builds products that help people craft happier and healthier lives, unlocking insights from behavioral science, social robotics and the quantified-self movement.
The first MOTI is a personable smart object that makes habit formation delightful and rewarding. Based on Habit Loop Theory and the science of environmental cues, MOTI goes deeper than just numbers and tracking by understanding how we emotionally connect with technology. MOTI is currently shipping 100 pilot units to users across the U.S. http://www.moti.io
Nexi is a home energy monitoring system that inspires users to take immediate action to lower electricity bills and live more sustainably.
Our intuitive and elegant device plugs into any outlet, glowing radiant colors that represent real time energy use in the home. Users can track their progress through a web app and set alerts to their smartphone. Nexi is already installed in 270 homes across California. http://www.meetnexi.com
The Cubetto Playset is the first tangible programming language for children ages 3 and up.
Our playset lets children program connected toys and objects without the need for literacy or screen devices. The Cubetto Playset is today used by hundreds of parents, educators and schools to introduce programming to thousands of children. Primo shipped 800 units to 46 countries with thousands more in pre-orders to be delivered in 2016. http://www.primotoys.com
UpDroid is building a universal platform to unlock the transformational potential of robotic technology.
The Updroid platform is built on a powerful open source software architecture, wrapped in an intuitive browser based programming interface, brought to life with a low-cost, high-function robot, the UP1. As the most affordable and easiest way to build robotics, UpDroid is giving developers, professionals, and higher educators access to advanced robotics like never before. https://www.updroid.com
Vytl provides parents peace of mind and doctors essential information.
When your child is sick, apply the single-use, wireless Vytl Smart Fever Patch under their arm to continuously monitor body temperature for up to 72 hours. The Vytl patch uses accurate sensors to record temperatures on its app, where users can track medicine usage, symptoms, and activities. Together, the Vytl patch and app provide valuable insights to share with medical professionals and give users the power to make informed healthcare decisions. http://www.vytl.io
The ZBoard is the world’s first weight-sensing electrically motorized skateboard.
To ride, simply lean forward to go and lean back to stop. http://www.zboardshop.com