# Top 15 Engineering Startups Founded in 2020 by Funding (2026)

> The 15 best-funded engineering startups founded in 2020, ranked by total funding raised: $238M combined.

Source: https://millionrounds.com/top-lists/engineering-startups-founded-2020 (Millionrounds; every figure on the page links to its filing or article)

- 1 [**RECO** Reco is an identity-first SaaS security solution that provides full visibility into every app, identity, and action to protect against risk.](https://millionrounds.com/company/reco) Reco is an identity-first SaaS security solution that provides full visibility into every app, identity, and action to protect against risk. *Founded* 2020 South Korea **$125M** last round Sept 2026
- 2 [**Greenly** Front page of the green revolution.](https://millionrounds.com/company/greenly) Front page of the green revolution. *Founded* 2020 France **$53M** last round Mar 2024
- 3 [**Dioxycle** Dioxycle is a French-American climate tech startup founded in 2021, focused on developing electrified chemical manufacturing technologies.](https://millionrounds.com/company/dioxycle) Dioxycle is a French-American climate tech startup founded in 2021, focused on developing electrified chemical manufacturing technologies. *Founded* 2020 Paris, France **$17M** last round Jul 2023
- 4 [**Shenzhen Shifeng** Shenzhen Shifeng is committed to the independent research and development and industrialization of high-end industrial software.](https://millionrounds.com/company/shenzhen-shifeng) Shenzhen Shifeng is committed to the independent research and development and industrialization of high-end industrial software. *Founded* 2020 China **$16M** last round Mar 2022
- 5 [**Quaisr** Quaisr develops simulations for the full digital-twin lifecycle.](https://millionrounds.com/company/quaisr) Quaisr develops simulations for the full digital-twin lifecycle. *Founded* 2020 London, United Kingdom **$9.5M** last round May 2023
- 6 [**Navier** Navier is an innovative maritime technology company based in Alameda, California, focused on designing and manufacturing advanced zero-emission electric hydrofo](https://millionrounds.com/company/navier) Navier is an innovative maritime technology company based in Alameda, California, focused on designing and manufacturing advanced zero-emission electric hydrofo *Founded* 2020 San Francisco, United States **$5.7M** last round Dec 2025
- 7 [**Phase0** Phase0, formerly known as Compa, is a cloud-based AI platform designed for architecture and engineering firms.](https://millionrounds.com/company/phase0) Phase0, formerly known as Compa, is a cloud-based AI platform designed for architecture and engineering firms. *Founded* 2020 Berlin, Germany **$3.0M** last round Sept 2026
- 8 [**Grensol Group** Grensol Group mission is to maximize the recycling of end-of-life wastge.](https://millionrounds.com/company/grensol-group) Grensol Group mission is to maximize the recycling of end-of-life wastge. *Founded* 2020 Switzerland **$2.3M** last round Jul 2025
- 9 [**PureNat** Purenat is a French deeptech industrial startup founded in 2020, based in Bayonne, France.](https://millionrounds.com/company/purenat) Purenat is a French deeptech industrial startup founded in 2020, based in Bayonne, France. *Founded* 2020 Bayonne, France **$2.3M** last round Oct 2025
- 10 [**Itana** Itana is a technology company based in Nigeria, recognized for establishing Africa's first Digital Free Zone.](https://millionrounds.com/company/itana) Itana is a technology company based in Nigeria, recognized for establishing Africa's first Digital Free Zone. *Founded* 2020 Lagos, United States **$2.0M** last round Sept 2023
- 11 [**Five Flute** Five Flute is a software company based in Boulder, Colorado, founded in 2020.](https://millionrounds.com/company/five-flute) Five Flute is a software company based in Boulder, Colorado, founded in 2020. *Founded* 2020 Boulder, United States **$1.2M** last round Aug 2022
- 12 [**NaturLoop** NaturLoop is a Swiss-based cleantech and material science company.](https://millionrounds.com/company/naturloop) NaturLoop is a Swiss-based cleantech and material science company. *Founded* 2020 Biel, Switzerland **$1.0M** last round Sept 2024
- 13 [**Refeely** Refill Life, Feel your life.](https://millionrounds.com/company/refeely) Refill Life, Feel your life. *Founded* 2020 Seoul, South Korea **$743K** last round Mar 2024
- 14 [**Water MiniLab** Water MiniLab is a developer and manufacturer of a water analysis tool.](https://millionrounds.com/company/water-minilab) Water MiniLab is a developer and manufacturer of a water analysis tool. *Founded* 2020 Budapest, Hungary **$600K** last round Oct 2022
- 15 [**Mobilio** 모빌리오는 휴머노이드, 사족보행, 청소로봇 등 차세대 로봇 솔루션을 개발하는 기업입니다.](https://millionrounds.com/company/mobilio) 모빌리오는 휴머노이드, 사족보행, 청소로봇 등 차세대 로봇 솔루션을 개발하는 기업입니다. *Founded* 2020 Seongnam-si, United States **$10K** last round Feb 2014

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies founded in 2020 whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back engineering startups founded in 2020 in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More engineering lists

[See all](https://millionrounds.com/top-lists?t=Engineering)

[*C* *PR* *P* **Engineering startups in the United States** 109 companies · $10B](https://millionrounds.com/top-lists/engineering-startups-united-states)[*C* *PR* *G* **Engineering startups that raised in 2026** 51 companies · $9.2B in 2026](https://millionrounds.com/top-lists/engineering-startups-raised-2026)[*RG* *P* *IE* **Engineering startups in the United Kingdom** 44 companies · $1.6B](https://millionrounds.com/top-lists/engineering-startups-united-kingdom)[*G* *CB* *M* **Engineering startups founded in 2021** 22 companies · $1.8B](https://millionrounds.com/top-lists/engineering-startups-founded-2021)[*S* *2E* *O* **Engineering startups founded in 2018** 19 companies · $364M](https://millionrounds.com/top-lists/engineering-startups-founded-2018)[*G* *A* *V* **Engineering startups in France** 15 companies · $185M](https://millionrounds.com/top-lists/engineering-startups-france)[*C* *P* *RP* **Engineering startups in San Francisco** 13 companies · $4.7B](https://millionrounds.com/top-lists/engineering-startups-san-francisco)[*P* *C* *FE* **Engineering startups founded in 2023** 13 companies · $1.8B](https://millionrounds.com/top-lists/engineering-startups-founded-2023)

## More lists worldwide

[See all](https://millionrounds.com/top-lists?r=Global)

[*GV* *V* *RP* **Health startups worldwide** 12,811 companies · $81B](https://millionrounds.com/top-lists/health-startups)[*O* *A* *X* **AI startups worldwide** 10,238 companies · $830B](https://millionrounds.com/top-lists/ai-startups)[*GV* *V* *RP* **Biotech startups worldwide** 7,127 companies · $70B](https://millionrounds.com/top-lists/biotech-startups)[*D* *B* *FT* **Big data startups worldwide** 3,812 companies · $220B](https://millionrounds.com/top-lists/big-data-startups)[*AF* *R* *S* **Fintech startups worldwide** 3,200 companies · $94B](https://millionrounds.com/top-lists/fintech-startups)[*O* *A* *B* **AI startups that raised in 2026** 2,922 companies · $540B in 2026](https://millionrounds.com/top-lists/ai-startups-raised-2026)[*FT* *CE* *P* **Energy providers startups worldwide** 2,808 companies · $152B](https://millionrounds.com/top-lists/energy-providers-startups)[*A* *P* *O* **Marketing tech startups worldwide** 2,728 companies · $28B](https://millionrounds.com/top-lists/marketing-tech-startups)