# Manufacturing startup funding, September 2026: EnduroSat's $205M Growth leads 17 rounds > 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. Source: https://millionrounds.com/news/monthly/2026-09/sector/manufacturing (Millionrounds; every figure on the page links to its filing or article) Equity rounds **17** in Manufacturing, 17 with an amount Raised **$1.1B** across those rounds Lead named **76%** of rounds say who led Share of the month **5%** of rounds; 3% of the money ## The biggest rounds - [1 **EnduroSat** Growth · Bulgaria · led by Atreides Management, Riot Ventures **$205M**](https://millionrounds.com/company/endurosat) - [2 **Simple Energy** Series C · India · led by Dr. Arokiaswamy Velumani Family Office **$180M**](https://millionrounds.com/company/simple-energy) - [3 **Lyte** Series C · United States · led by Maverick Silicon **$165M**](https://millionrounds.com/company/lyte) - [4 H **Hertha Metals** Series A · United States · led by Khosla Ventures, Doerr Capital **$134M**](https://millionrounds.com/company/hertha-metals) - [5 C **CADDi** Series D · Japan **$114M**](https://millionrounds.com/company/caddi) - [6 **Maven Robotics** Series A · United States · led by Shorooq Partners **$100M**](https://millionrounds.com/company/maven-robotics) - [7 **Morphotonics** Series B · Netherlands **$46M**](https://millionrounds.com/company/morphotonics) - [8 **Arch Systems** Growth · United States · led by Vistara Growth **$30M**](https://millionrounds.com/company/arch-systems) - [9 **CloudNC** Series B · United Kingdom · led by Nimble Ventures **$20M**](https://millionrounds.com/company/cloudnc) - [10 **IPercept** Series A · Sweden · led by Isogon Ventures **$17M**](https://millionrounds.com/company/ipercept) ## Day by day Equity rounds in Manufacturing announced each day of September. The busiest day was 16 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* **$1.5M** this month **$2.0M** 12 months, all sectors [Seed](https://millionrounds.com/benchmarks/seed/manufacturing) *3* **$1.3M** this month **$4.8M** 12 months here [Series A](https://millionrounds.com/benchmarks/series-a/manufacturing) *5* **$17M** this month **$18M** 12 months here [Series B](https://millionrounds.com/benchmarks/series-b) *3* **$20M** this month **$50M** 12 months, all sectors [Series C](https://millionrounds.com/benchmarks/series-c) *2* **$173M** this month **$100M** 12 months, all sectors [Series D](https://millionrounds.com/benchmarks/series-d) *1* **$114M** this month **$150M** 12 months, all sectors [Growth](https://millionrounds.com/benchmarks/growth) *2* **$118M** this month **$113M** 12 months, all sectors ## Where - [United Kingdom](https://millionrounds.com/news/monthly/2026-09/united-kingdom) **4** - [United States](https://millionrounds.com/news/monthly/2026-09/united-states) **4** - [India](https://millionrounds.com/news/monthly/2026-09/india) **2** - Bulgaria **1** - Japan **1** - Netherlands **1** - Sweden **1** - Italy **1** United Kingdom had the most Manufacturing rounds this month. ## Against the month - Rounds, Manufacturing **17** - Rounds, all sectors **357** - Raised, Manufacturing **$1.1B** - 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)[23 rounds **Hardware & Electronics** *→*](https://millionrounds.com/news/monthly/2026-09/sector/hardware)[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)[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)