Monthly roundup · Hardware & Electronics · October 2026

Hardware & Electronics startup funding, October 2026: Tenstorrent's $1.5B Series E leads 42 rounds

By Millionrounds ResearchPublished 1 November 2026

We read 42 equity rounds in Hardware & Electronics announced in October 2026, raising $3.4B between them: 6% of all the rounds we read that month and 6% of the money. The largest was Tenstorrent's $1.5B Series E, led by InnovationX and Trace Capital. The median seed round was $11M, against $10M over the last twelve months in Hardware & Electronics; at Series A it was $19M.

Equity rounds42in Hardware & Electronics, 33 with an amount
Raised$3.4Bacross those rounds
Lead named76%of rounds say who led
Share of the month6%of rounds; 6% of the money

The biggest rounds

  1. 1TenstorrentSeries E · United States · led by InnovationX, Trace Capital$1.5B
  2. 2FractileSeries C · United Kingdom · led by Lightspeed Venture Partners, Redpoint$700M
  3. 3OxideSeries D · United States · led by Eclipse$445M
  4. 4NNano-core ChipSeries C · China · led by JianTou Investment$150M
  5. 5DDuloSeed · United States$130M
  6. 6MMueon Corp.Series A · United States · led by Maverick Silicon$65M
  7. 7Rabot EnergySeries B · Germany · led by Endeit Capital, DTCF$50M
  8. 8SabiSeed · United States · led by Khosla Ventures$50M
  9. 9OptivoltSeries A · United States · led by VXI Capital$32M
  10. 10EEnact IntelligencePre-seed · Switzerland$30M

Day by day

Equity rounds in Hardware & Electronics announced each day of October. The busiest day was 8 October, with 4.

1 October31 October

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-seed8$4.8Mthis month$2.0M12 months, all sectors
Seed16$11Mthis month$10M12 months here
Series A9$19Mthis month$25M12 months here
Series B3$12Mthis month$50M12 months, all sectors
Series C3$425Mthis month$100M12 months, all sectors
Series D1$445Mthis month$150M12 months, all sectors
Growth1-this month$113M12 months, all sectors

Where

United States had the most Hardware & Electronics rounds this month.

Against the month

  • Rounds, Hardware & Electronics42
  • Rounds, all sectors733
  • Raised, Hardware & Electronics$3.4B
  • Raised, all sectors$59B

The whole of October 2026

Other sectors in October

411 roundsAI→100 roundsFintech→72 roundsHealthcare→67 roundsSoftware→67 roundsRobotics→56 roundsManufacturing→44 roundsSaaS→44 roundsConstruction→41 roundsBiotech→34 roundsBig Data & Analytics→33 roundsEnergy→33 roundsLogistics→32 roundsEnterprise Software→29 roundsAerospace & Space→29 roundsHealthtech→28 roundsCybersecurity→26 roundsDefence Tech→25 roundsCloud→24 roundsEntertainment→23 roundsB2C→23 roundsFinancial Services→22 roundsMedical Devices→20 roundsCleantech→19 roundsE-commerce→19 roundsFood & Beverage→18 roundsReal Estate→18 roundsDeeptech→18 roundsSemiconductors→17 roundsAgtech→16 roundsDeveloper Tools→15 roundsWeb3 & Crypto→15 roundsRetail→15 roundsMartech→14 roundsSupply Chain→14 roundsInsurtech→14 roundsTelecoms→14 roundsClimate Tech→13 roundsRegtech→13 roundsAutomotive & EVs→13 roundsChemicals & Materials→12 roundsFuture of Work→12 roundsB2B→12 roundsMedia→12 roundsGaming→11 roundsProfessional Services→11 roundsMarketplaces→11 roundsHR Tech→11 roundsEducation→11 roundsSalestech→10 roundsProptech→10 roundsPharma→10 roundsFashion→10 roundsTravel & Hospitality→