# Top 50 Hardware & Electronics Startups Founded in 2020 by Funding (2026)

> The 50 best-funded hardware & Electronics startups founded in 2020, ranked by total funding raised: $2.7B combined.

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

- 1 [**Rebellions** Rebellions is a South Korean fabless semiconductor company founded in September 2020.](https://millionrounds.com/company/rebellions) Rebellions is a South Korean fabless semiconductor company founded in September 2020. *Founded* 2020 Seoul, South Korea **$650M** last round Mar 2026
- 2 [**Nothing** Nothing is a technology company that creates smartphones, audio products, and AI tools aimed at enhancing the lives of the next generation of creatives.](https://millionrounds.com/company/nothing) Nothing is a technology company that creates smartphones, audio products, and AI tools aimed at enhancing the lives of the next generation of creatives. *Founded* 2020 London, United Kingdom **$214M** last round May 2026
- 3 [**QuantWare** QuantWare is a quantum computing hardware company based in Delft, Netherlands.](https://millionrounds.com/company/quantware) QuantWare is a quantum computing hardware company based in Delft, Netherlands. *Founded* 2020 Delft, Netherlands **$209M** last round May 2026
- 4 [**Bolttech** bolttech is an international insurtech company based in Singapore, founded in 2020.](https://millionrounds.com/company/bolttech) bolttech is an international insurtech company based in Singapore, founded in 2020. *Founded* 2020 Singapore, Singapore **$147M** last round Jun 2025
- 5 [**QBoson** QBoson is a leading deep-tech company dedicated to the development and commercialization of quantum computing, both scalable CIM and gate-model systems.](https://millionrounds.com/company/qboson) QBoson is a leading deep-tech company dedicated to the development and commercialization of quantum computing, both scalable CIM and gate-model systems. *Founded* 2020 China **$145M** last round Apr 2026
- 6 [**Neurophos** Neurophos Inc.](https://millionrounds.com/company/neurophos) Neurophos Inc. *Founded* 2020 Austin, United States **$110M** last round Jan 2026
- 7 [**Alice & Bob** Alice&Bob build Universal, Error-free, Quantum Computers to help industries and researchers solve the hardest problems.](https://millionrounds.com/company/alice-and-bob) Alice&Bob build Universal, Error-free, Quantum Computers to help industries and researchers solve the hardest problems. *Founded* 2020 Paris, France **$104M** last round May 2026
- 8 [**Humane** Humane helps families and people with disability easily self-manage their NDIS funds.](https://millionrounds.com/company/humane) Humane helps families and people with disability easily self-manage their NDIS funds. *Founded* 2020 Sydney, United States **$100M** last round Mar 2023
- 9 [**Reed Semiconductor** Reed Semiconductor engages in semiconductor research and development.](https://millionrounds.com/company/reed-semiconductor) Reed Semiconductor engages in semiconductor research and development. *Founded* 2020 East Greenwich, United States **$100M** last round Jun 2026
- 10 [**Ultrahuman** Ultrahuman is a health technology company based in Bengaluru, India, specializing in metabolic fitness and wellness.](https://millionrounds.com/company/ultrahuman) Ultrahuman is a health technology company based in Bengaluru, India, specializing in metabolic fitness and wellness. *Founded* 2020 Bengaluru, India **$81M** last round Sept 2026
- 11 [**CYGNUSEMI** Cygnusemi is a semiconductor company based in Shanghai, founded in October 2020.](https://millionrounds.com/company/cygnusemi) Cygnusemi is a semiconductor company based in Shanghai, founded in October 2020. *Founded* 2020 China **$69M** last round Apr 2024
- 12 [**EleQtron** eleQtron GmbH, founded in 2020, is a pioneering German start-up focused on developing and operating trapped-ion quantum computers.](https://millionrounds.com/company/eleqtron) eleQtron GmbH, founded in 2020, is a pioneering German start-up focused on developing and operating trapped-ion quantum computers. *Founded* 2020 Siegen, Germany **$67M** last round Jun 2026
- 13 [**Living Optics** Living Optics is a private deep-tech company founded in 2020, specializing in the development and manufacturing of affordable, portable hyperspectral imaging (H](https://millionrounds.com/company/living-optics) Living Optics is a private deep-tech company founded in 2020, specializing in the development and manufacturing of affordable, portable hyperspectral imaging (H *Founded* 2020 Milton, United Kingdom **$61M** last round Oct 2026
- 14 [**NEye Systems**](https://millionrounds.com/company/neye-systems) *Founded* 2020 United States **$58M** last round Apr 2025
- 15 [**Nord Quantique** Nord Quantique is a Canadian startup based in Sherbrooke, Quebec, focused on developing fault-tolerant quantum computers.](https://millionrounds.com/company/nord-quantique) Nord Quantique is a Canadian startup based in Sherbrooke, Quebec, focused on developing fault-tolerant quantum computers. *Founded* 2020 Sherbrooke, Canada **$57M** last round Oct 2026
- 16 [**Huandong Technology** Huandong Technology develops robot joint reducers and high-precision hydraulic components.](https://millionrounds.com/company/huandong-technology) Huandong Technology develops robot joint reducers and high-precision hydraulic components. *Founded* 2020 China **$43M** last round Jan 2023
- 17 [**Synctera** Synctera is a Banking-as-a-Service (BaaS) and embedded finance platform founded in 2020, headquartered in Palo Alto, California, with additional locations in Sa](https://millionrounds.com/company/synctera) Synctera is a Banking-as-a-Service (BaaS) and embedded finance platform founded in 2020, headquartered in Palo Alto, California, with additional locations in Sa *Founded* 2020 San Francisco, United States **$40M** last round Nov 2026
- 18 [**Elax Energy** Elax Energy is a software firm that installs thermostats in a variety of water heaters.](https://millionrounds.com/company/elax-energy) Elax Energy is a software firm that installs thermostats in a variety of water heaters. *Founded* 2020 France **$34M** last round Oct 2026
- 19 [**Spectrum Medical** Spectrum Medical is a clinical mass spectrometry product platform in the field of medical clinical testing](https://millionrounds.com/company/spectrum-medical) Spectrum Medical is a clinical mass spectrometry product platform in the field of medical clinical testing *Founded* 2020 - **$34M** last round Jun 2022
- 20 [**Orange Quantum Systems** Orange Quantum Systems (OrangeQSTM) is a Dutch startup based in Delft, specializing in automated test equipment and protocols for assessing quantum chip performance.](https://millionrounds.com/company/orange-quantum-systems) Orange Quantum Systems (OrangeQSTM) is a Dutch startup based in Delft, specializing in automated test equipment and protocols for assessing quantum chip performance. *Founded* 2020 Delft, Netherlands **$32M** last round Apr 2026
- 21 [**Akara** Akara is a healthcare technology company founded in 2020 as a spin-out from Trinity College Dublin.](https://millionrounds.com/company/akara) Akara is a healthcare technology company founded in 2020 as a spin-out from Trinity College Dublin. *Founded* 2020 Dublin, Ireland **$24M** last round Nov 2026
- 22 [**Framework** Framework is an all-in-one tool for teams and individuals.](https://millionrounds.com/company/framework) Framework is an all-in-one tool for teams and individuals. *Founded* 2020 United States **$19M** last round Apr 2024
- 23 [**Shanhai Semiconductor** Shanhai Semiconductor is a high-performance digital-analog hybrid and signal chain chip developer.](https://millionrounds.com/company/shanhai-semiconductor) Shanhai Semiconductor is a high-performance digital-analog hybrid and signal chain chip developer. *Founded* 2020 Nanshan **$18M** last round Apr 2023
- 24 [**Eyco** EYCO is a French industrial company established in 2020, specializing in innovative connectivity solutions for the microelectronics sector.](https://millionrounds.com/company/eyco) EYCO is a French industrial company established in 2020, specializing in innovative connectivity solutions for the microelectronics sector. *Founded* 2020 Trets, France **$17M** last round May 2024
- 25 [**BeFC Bioenzymatic Fuel Cells** BeFC Bioenzymatic Fuel Cells is a French DeepTech startup founded in 2020, specializing in ultra-thin, flexible, paper-based bioenzymatic fuel cells.](https://millionrounds.com/company/befc-bioenzymatic-fuel-cells) BeFC Bioenzymatic Fuel Cells is a French DeepTech startup founded in 2020, specializing in ultra-thin, flexible, paper-based bioenzymatic fuel cells. *Founded* 2020 Grenoble, France **$17M** last round Jun 2023
- 26 [**Belo** belo is a global digital financial technology company that specializes in international virtual wallet solutions.](https://millionrounds.com/company/belo) belo is a global digital financial technology company that specializes in international virtual wallet solutions. *Founded* 2020 Buenos Aires, United States **$15M** last round Apr 2026
- 27 [**XbotGo** XbotGo is a global AI-powered sports camera company dedicated to automatic sports filming for athletes, coaches, parents, and teams.](https://millionrounds.com/company/xbotgo) XbotGo is a global AI-powered sports camera company dedicated to automatic sports filming for athletes, coaches, parents, and teams. *Founded* 2020 Mountain View, United States **$15M** last round May 2026
- 28 [**Kangaroo** Kangaroo is a New York-based entertainment company that develops NFT-based storytelling video games.](https://millionrounds.com/company/kangaroo) Kangaroo is a New York-based entertainment company that develops NFT-based storytelling video games. *Founded* 2020 Los Angeles, United States **$15M** last round Dec 2023
- 29 [**Inwttec Technology** Inwttec Technology is a domestic manufacturer that focuses on the research and development of OLED light-emitting terminal materials.](https://millionrounds.com/company/inwttec-technology) Inwttec Technology is a domestic manufacturer that focuses on the research and development of OLED light-emitting terminal materials. *Founded* 2020 Jiaxing **$15M** last round Mar 2023
- 30 [**Ruimeng Semiconductor** Ruimeng Semiconductor is a provider of intelligent human-machine interface processor chips and solutions.](https://millionrounds.com/company/ruimeng-semiconductor) Ruimeng Semiconductor is a provider of intelligent human-machine interface processor chips and solutions. *Founded* 2020 Nanshan **$14M** last round Feb 2026
- 31 [**Jingxin Microelectronics** Jingxin Microelectronics is a developer of communication and information security chips.](https://millionrounds.com/company/jingxin-microelectronics) Jingxin Microelectronics is a developer of communication and information security chips. *Founded* 2020 Tianjin **$14M** last round May 2024
- 32 [**Chasing Light Technology** Chasing Light is a manufacturing firm that specializes in organic semiconductor photovoltaic technology.](https://millionrounds.com/company/chasing-light-technology) Chasing Light is a manufacturing firm that specializes in organic semiconductor photovoltaic technology. *Founded* 2020 China **$14M** last round Dec 2024
- 33 [**CytoTronics** CytoTronics is a biotechnology company based in Boston, Massachusetts, focused on developing semiconductor-based platforms for cell biology research and drug discovery.](https://millionrounds.com/company/cytotronics) CytoTronics is a biotechnology company based in Boston, Massachusetts, focused on developing semiconductor-based platforms for cell biology research and drug discovery. *Founded* 2020 Boston, United States **$14M** last round Sept 2024
- 34 [**TERASi** TERASi is a deeptech startup based in Stockholm, Sweden, focused on designing and manufacturing ultra-compact, high-performance silicon-based waveguide componen](https://millionrounds.com/company/terasi) TERASi is a deeptech startup based in Stockholm, Sweden, focused on designing and manufacturing ultra-compact, high-performance silicon-based waveguide componen *Founded* 2020 Stockholm, Sweden **$13M** last round Sept 2026
- 35 [**Phlux Technology** Phlux Technology is a semiconductor startup based in Sheffield, UK, founded in 2020.](https://millionrounds.com/company/phlux-technology) Phlux Technology is a semiconductor startup based in Sheffield, UK, founded in 2020. *Founded* 2020 Sheffield, United Kingdom **$12M** last round Mar 2025
- 36 [**Pulse** Pulse is a SaaS, martech, and predictive sentiment analytics.](https://millionrounds.com/company/pulse) Pulse is a SaaS, martech, and predictive sentiment analytics. *Founded* 2020 United States **$11M** last round Feb 2025
- 37 [**OPUS** OPUS connects professionals with startups globally, fostering entrepreneurial success and offering job updates.](https://millionrounds.com/company/opus) OPUS connects professionals with startups globally, fostering entrepreneurial success and offering job updates. *Founded* 2020 United States **$9.0M** last round Feb 2026
- 38 [**Lotus Microsystems** Lotus Microsystems develops advanced power delivery solutions for next-generation computing platforms.](https://millionrounds.com/company/lotus-microsystems) Lotus Microsystems develops advanced power delivery solutions for next-generation computing platforms. *Founded* 2020 Hvidovre, Denmark **$8.8M** last round Dec 2023
- 39 [**VoxelSensors** VoxelSensors is a Belgian deep-tech semiconductor startup founded in 2020 and based in Brussels.](https://millionrounds.com/company/voxelsensors) VoxelSensors is a Belgian deep-tech semiconductor startup founded in 2020 and based in Brussels. *Founded* 2020 Brussels, Belgium **$8.7M** last round May 2025
- 40 [**NOWATCH** NOWATCH is an Amsterdam-based innovation firm that helps people make the most of every moment of their lives.](https://millionrounds.com/company/nowatch) NOWATCH is an Amsterdam-based innovation firm that helps people make the most of every moment of their lives. *Founded* 2020 Amsterdam, Netherlands **$8.7M** last round Jun 2022
- 41 [**Walnut Insurance** Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales process.](https://millionrounds.com/company/walnut-insurance) Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales process. *Founded* 2020 Toronto, United States **$7.9M** last round Aug 2024
- 42 [**Tokyo Artisan Intelligence** Tokyo Artisan Intelligence is an AI outsourced development company.](https://millionrounds.com/company/tokyo-artisan-intelligence) Tokyo Artisan Intelligence is an AI outsourced development company. *Founded* 2020 Yokohama-shi, Japan **$7.8M** last round Oct 2026
- 43 [**Swoove Studios** Swoove Studios is an entertainment software company based in Antwerp, Belgium, founded in 2020.](https://millionrounds.com/company/swoove-studios) Swoove Studios is an entertainment software company based in Antwerp, Belgium, founded in 2020. *Founded* 2020 Antwerp, Belgium **$7.5M** last round Oct 2024
- 44 [**Electrified Automation** Electrified Automation is a manufacturing company that provides E-machine automation, dyno engineering, and bespoke equipment.](https://millionrounds.com/company/electrified-automation) Electrified Automation is a manufacturing company that provides E-machine automation, dyno engineering, and bespoke equipment. *Founded* 2020 Auckland, United Kingdom **$7.4M** last round Dec 2022
- 45 [**Koda Health** Koda Health is a healthcare technology company based in Houston, Texas, founded in 2020.](https://millionrounds.com/company/koda-health) Koda Health is a healthcare technology company based in Houston, Texas, founded in 2020. *Founded* 2020 Houston, United States **$7.0M** last round Apr 2026
- 46 [**Shift EV** Shift EV is an electric mobility technology startup based in Cairo, Egypt, focused on electrifying commercial vehicle fleets in emerging markets.](https://millionrounds.com/company/shift-ev) Shift EV is an electric mobility technology startup based in Cairo, Egypt, focused on electrifying commercial vehicle fleets in emerging markets. *Founded* 2020 6th of October City, Egypt **$6.2M** last round Aug 2023
- 47 [**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
- 48 [**Pixel Photonics** Pixel Photonics manufactures scalable single-photon detectors for applications like secure quantum communication.](https://millionrounds.com/company/pixel-photonics) Pixel Photonics manufactures scalable single-photon detectors for applications like secure quantum communication. *Founded* 2020 Münster, Germany **$5.7M** last round Feb 2026
- 49 [**Silvertree** Silvertree was a wellness technology company based in Cambridge, Massachusetts, dedicated to serving active older adults.](https://millionrounds.com/company/silvertree) Silvertree was a wellness technology company based in Cambridge, Massachusetts, dedicated to serving active older adults. *Founded* 2020 Cambridge, United States **$5.5M** last round Sept 2022
- 50 [**Welinq** WeLinQ is a mobile application that connects therapists with individuals through quizzes, exercises, and card games.](https://millionrounds.com/company/welinq) WeLinQ is a mobile application that connects therapists with individuals through quizzes, exercises, and card games. *Founded* 2020 France **$5.4M** last round Jul 2024

**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.

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