Hardware/Deep-tech Startup Financial ModelsPage 2
Hardware and deep-tech startup financial model examples in Excel, covering unit sales, selling prices, production costs, installed devices, and service subscriptions. Explore revenue forecasts, operating costs, and the cash needed to grow.

Phospholutions
$10.2M raisedPhospholutions develops RhizoSorb®, a patented fertilizer additive embedded into phosphate granules that reduces P fertilizer use by 50% per acre while preserving crop yield.
Cipher Skin
$5.0M raisedWearable sensor mesh platform that collects dense multi-modal data from human bodies and industrial objects to predict structural and functional failure before it occurs.

Citylitics
$5.0M raisedB2B SaaS intelligence platform that aggregates and curates public-sector infrastructure procurement data for private-sector vendors, suppliers, and consultants.

Beem
$4.0M raisedAR communications platform that overlays full-body "hologram" video of a person into the recipient's physical space via smartphone or web.
Ring
$4.0M raisedWi-Fi video doorbell (sold as "Doorbot") that lets homeowners see and speak to visitors via smartphone.
Spire Global
$4.0M raisedNanoSatisfi (later Spire Global) - nanosatellite operator targeting communication and weather data applications via CubeSat-standard satellites.

Claap
$3.0M raisedAsynchronous video meeting platform that replaces synchronous meetings with recorded video updates, contextual feedback, and collaborative workspaces.

Canix
$2.5M raisedCannabis-focused ERP (inventory tracking, compliance automation, sales management, yield forecasting) sold as SaaS to cannabis cultivators, manufacturers, and distributors.

Netmaker
$2.3M raisedWireGuard-based overlay networking platform that lets teams securely connect devices across clouds, data centers, and edge environments without managing hardware.
The Smart Tire Company
$1.3M raisedCommercialising NASA-derived shape-memory alloy (NiTiNOL/METL) airless tires, starting with bicycles/scooters and expanding to automotive, trucking, and aerospace.
Uprising Food
$1.2M raisedUprising Food (brand name "Breadlam's Uprising") makes keto/low-carb reformulations of staple high-carb foods (bread, chips) sold DTC with a subscription angle.
mcSquares
$500.0K raisedm·c squares makes reusable, dry-erase writing surfaces that replace paper sticky notes and notepads, sold DTC and B2B.

Peloton
$400.0K raisedConnected spin-bike platform combining live-streamed instructor classes, social competition, and performance tracking - a "SoulCycle at home"

Destiny Robotics
$141.0K raisedHumanoid robot designed as a socially intelligent home assistant to address human loneliness.
Seedo
Seedo makes fully automated, AI-driven indoor grow devices and containerized commercial farms for cannabis and other crops.

