Monthly roundup · Manufacturing · September 2026

Manufacturing startup funding, September 2026: EnduroSat's $205M Growth leads 17 rounds

By Millionrounds ResearchPublished 1 October 2026Updated 22 October 2026

We read 17 equity rounds in Manufacturing announced in September 2026, raising $1.1B between them: 5% of all the rounds we read that month and 3% of the money. The largest was EnduroSat's $205M Growth, led by Atreides Management and Riot Ventures. The median seed round was $1.3M, against $4.8M over the last twelve months in Manufacturing; at Series A it was $17M.

Equity rounds17in Manufacturing, 17 with an amount
Raised$1.1Bacross those rounds
Lead named76%of rounds say who led
Share of the month5%of rounds; 3% of the money

The biggest rounds

  1. 1EnduroSatGrowth · Bulgaria · led by Atreides Management, Riot Ventures$205M
  2. 2Simple EnergySeries C · India · led by Dr. Arokiaswamy Velumani Family Office$180M
  3. 3LyteSeries C · United States · led by Maverick Silicon$165M
  4. 4HHertha MetalsSeries A · United States · led by Khosla Ventures, Doerr Capital$134M
  5. 5CCADDiSeries D · Japan$114M
  6. 6Maven RoboticsSeries A · United States · led by Shorooq Partners$100M
  7. 7MorphotonicsSeries B · Netherlands$46M
  8. 8Arch SystemsGrowth · United States · led by Vistara Growth$30M
  9. 9CloudNCSeries B · United Kingdom · led by Nimble Ventures$20M
  10. 10IPerceptSeries A · Sweden · led by Isogon Ventures$17M

Day by day

Equity rounds in Manufacturing announced each day of September. The busiest day was 16 September, with 3.

1 September30 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-seed1$1.5Mthis month$2.0M12 months, all sectors
Seed3$1.3Mthis month$4.8M12 months here
Series A5$17Mthis month$18M12 months here
Series B3$20Mthis month$50M12 months, all sectors
Series C2$173Mthis month$100M12 months, all sectors
Series D1$114Mthis month$150M12 months, all sectors
Growth2$118Mthis month$113M12 months, all sectors

Where

United Kingdom had the most Manufacturing rounds this month.

Against the month

  • Rounds, Manufacturing17
  • Rounds, all sectors357
  • Raised, Manufacturing$1.1B
  • Raised, all sectors$39B

The whole of September 2026

Other sectors in September

195 roundsAI→51 roundsFintech→39 roundsHealthcare→30 roundsBig Data & Analytics→27 roundsBiotech→25 roundsRobotics→24 roundsCybersecurity→23 roundsHardware & Electronics→22 roundsEnterprise Software→21 roundsSoftware→21 roundsEnergy→21 roundsConstruction→20 roundsHealthtech→20 roundsSaaS→19 roundsLogistics→16 roundsCleantech→14 roundsAerospace & Space→14 roundsDefence Tech→13 roundsTelecoms→13 roundsSemiconductors→13 roundsClimate Tech→11 roundsAutomotive & EVs→10 roundsCloud→