# Hardware & Electronics startup funding, September 2026: Positron AI's $875M Series C leads 23 rounds > We read 23 equity rounds in Hardware & Electronics announced in September 2026, raising $3.1B between them: 6% of all the rounds we read that month and 8%... Source: https://millionrounds.com/news/monthly/2026-09/sector/hardware (Millionrounds; every figure on the page links to its filing or article) Equity rounds **23** in Hardware & Electronics, 19 with an amount Raised **$3.1B** across those rounds Lead named **74%** of rounds say who led Share of the month **6%** of rounds; 8% of the money ## The biggest rounds - [1 **Positron AI** Series C · led by New Enterprise Associates, Valor Equity Partners **$875M**](https://millionrounds.com/company/positron-ai) - [2 **Groq** Growth · United States · led by Disruptive **$750M**](https://millionrounds.com/company/groq) - [3 T **Tripo AI** Series B · United States · led by MPCi **$446M**](https://millionrounds.com/company/tripo-ai) - [4 D **D-Robotics** Series C · China · led by Mirae Asset **$400M**](https://millionrounds.com/company/d-robotics) - [5 **SemiDrive** Series C · China **$150M**](https://millionrounds.com/company/semidrive) - [6 **SiMa.ai** Series C · United States · led by Fidelity, Amplify Partners **$150M**](https://millionrounds.com/company/sima-ai) - [7 K **Kinetix AI** Seed · China **$75M**](https://millionrounds.com/company/kinetix-ai) - [8 **Ultrahuman** Growth · India **$70M**](https://millionrounds.com/company/ultrahuman) - [9 **Flow Engineering** Series B · United States · led by Valor Equity Partners, Atreides Management **$50M**](https://millionrounds.com/company/flow-engineering) - [10 **Morphotonics** Series B · Netherlands **$46M**](https://millionrounds.com/company/morphotonics) ## Day by day Equity rounds in Hardware & Electronics announced each day of September. The busiest day was 17 September, with 3. 1 September 30 September ## By stage, against the year Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *1* **$1.1M** this month **$2.0M** 12 months, all sectors [Seed](https://millionrounds.com/benchmarks/seed/hardware) *6* **$3.3M** this month **$10M** 12 months here [Series A](https://millionrounds.com/benchmarks/series-a/hardware) *7* **$15M** this month **$25M** 12 months here [Series B](https://millionrounds.com/benchmarks/series-b) *3* **$50M** this month **$50M** 12 months, all sectors [Series C](https://millionrounds.com/benchmarks/series-c) *4* **$275M** this month **$100M** 12 months, all sectors [Growth](https://millionrounds.com/benchmarks/growth) *2* **$410M** this month **$113M** 12 months, all sectors ## The most active leads Firms that led two or more of the month's rounds in Hardware & Electronics. - [**Valor Equity Partners** Flow Engineering, Positron AI *2 led*](https://millionrounds.com/fund/valor-equity-partners) - [**Atreides Management** Flow Engineering, Positron AI *2 led*](https://millionrounds.com/fund/atreides-management) ## Where - [United States](https://millionrounds.com/news/monthly/2026-09/united-states) **5** - [Canada](https://millionrounds.com/news/monthly/2026-09/canada) **3** - [China](https://millionrounds.com/news/monthly/2026-09/china) **3** - [Germany](https://millionrounds.com/news/monthly/2026-09/germany) **2** - [France](https://millionrounds.com/news/monthly/2026-09/france) **2** - [India](https://millionrounds.com/news/monthly/2026-09/india) **2** - South Africa **1** - Italy **1** United States had the most Hardware & Electronics rounds this month. ## Against the month - Rounds, Hardware & Electronics **23** - Rounds, all sectors **357** - Raised, Hardware & Electronics **$3.1B** - Raised, all sectors **$39B** [The whole of September 2026](https://millionrounds.com/news/monthly/2026-09) ## Other sectors in September [195 rounds **AI** *→*](https://millionrounds.com/news/monthly/2026-09/sector/ai)[51 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/fintech)[39 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-09/sector/healthcare)[30 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/big-data)[27 rounds **Biotech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/biotech)[25 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/robotics)[24 rounds **Cybersecurity** *→*](https://millionrounds.com/news/monthly/2026-09/sector/cybersecurity)[22 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-09/sector/enterprise-software)[21 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-09/sector/software)[21 rounds **Energy** *→*](https://millionrounds.com/news/monthly/2026-09/sector/energy)[21 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-09/sector/construction)[20 rounds **Healthtech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/healthtech)[20 rounds **SaaS** *→*](https://millionrounds.com/news/monthly/2026-09/sector/saas)[19 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/logistics)[17 rounds **Manufacturing** *→*](https://millionrounds.com/news/monthly/2026-09/sector/manufacturing)[16 rounds **Cleantech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/cleantech)[14 rounds **Aerospace & Space** *→*](https://millionrounds.com/news/monthly/2026-09/sector/aerospace)[14 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/defensetech)[13 rounds **Telecoms** *→*](https://millionrounds.com/news/monthly/2026-09/sector/telecom)[13 rounds **Semiconductors** *→*](https://millionrounds.com/news/monthly/2026-09/sector/semiconductors)[13 rounds **Climate Tech** *→*](https://millionrounds.com/news/monthly/2026-09/sector/climate)[11 rounds **Automotive & EVs** *→*](https://millionrounds.com/news/monthly/2026-09/sector/automotive)[10 rounds **Cloud** *→*](https://millionrounds.com/news/monthly/2026-09/sector/cloud) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, by the sectors we file each company under; a company can sit in more than one, so sector roundups overlap. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each sector with 10 or more equity rounds in a month gets its own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)