Norwegian hardware company producing “paper tablets”, remarkable now join the unicorn club after a record year. The startup has reached an estimate of over $ 1 billion and has registered revenue of $ 300 million in 2021, more than double the amount by 2020.

Founded in 2013 by the CEO Magnus Vanbergthe startup aims to reproduce the feel of writing on digital tablet paper.

The platform has already reached a new stage with over 1 million paper tablets sold since its launch in 2017. Founder and CEO Magnus Vanberg said: “We have now sold over 1 million reMarkable 1 and 2 pieces. This is a milestone that demonstrates how our products cover a real need and how we can help people eliminate distractions and improve their daily work process.

According to a company statement, its profit before interest, taxes, depreciation and amortization (Ebitda) was $ 31 million, compared to $ 12 million in 2020.

https://tech.eu/2022/05/10/what-a-remarkable-milestone-norwegian-paper-tablet-joins-the-unicorn-club

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