I have actually been following consumer audio electronic devices company Nura with great interest for a couple of years now– the Melbourne-based startup was among the first business I met with after beginning with TechCrunch. At the time, its very first model was a big mess of wires and circuits– the sort of thing you might never ever imagine diminished down into a reasonably-sized consumer device.
Nura managed, naturally. And the end product looked and sounded great; hell, even package was nice. If I’m lucky, I see a customer hardware item one or two times a year that appears reasonably capable of interfering with an industry, and Nura’s custom-made sound profiles fit that expense. The business was special for another reason. A graduate of the HAX accelerator, the start-up revealed NuraNow roughly this time last year.
Hardware as a service (HaaS) has actually been a popular idea in the IT/enterprise space for some time, however it’s still fairly unusual in the customer category. For something: a hardware subscription provides a new paradigm for thinking of purchases. Which is a big lift in a nation like the U.S., which invested years weaning consumers off contract-based smartphones.
That Nura jumped at the chance shouldn’t be a huge surprise. Backers HAX/SOSV have actually been proponents of the design for some time now. I’ve visited their Shenzhen workplaces a couple of times, and the subject of HaaS always appears to come up.
In a current e-mail exchange, General Partner Duncan Turner described HaaS as”an excellent method to keep in contact with your consumers and up offer them on brand-new features. Most notably, for start-ups, recurring revenue is crucial for scaling a business with equity capital(and will assist appeal to a broad set of investors). HaaS frequently has a low churn (as much easier to put onto long-lasting agreements ).”Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.