# Top 50 Hardware Startups Worldwide by Funding (2026)

> The 50 best-funded hardware startups worldwide, ranked by total funding raised: $66B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Anduril Industries** Anduril Industries is a defense technology company that specializes in developing advanced autonomous systems to enhance national security.](https://millionrounds.com/company/anduril-industries) Anduril Industries is a defense technology company that specializes in developing advanced autonomous systems to enhance national security. *Founded* 2017 Costa Mesa, United States **$7.5B** last round May 2026
- 2 [**Groq** Groq, Inc.](https://millionrounds.com/company/groq) Groq, Inc. *Founded* 2016 Palo Alto, United States **$3.2B** last round Sept 2026
- 3 [**Tenstorrent** Tenstorrent is a computing company that develops processors designed to help in faster training and adaptability to future algorithms.](https://millionrounds.com/company/tenstorrent) Tenstorrent is a computing company that develops processors designed to help in faster training and adaptability to future algorithms. *Founded* 2016 North York, United States **$3.0B** last round Oct 2026
- 4 [**Cerebras Systems** Cerebras Systems develops computing chips with the sole purpose of accelerating AI.](https://millionrounds.com/company/cerebras-systems) Cerebras Systems develops computing chips with the sole purpose of accelerating AI. *Founded* 2016 Sunnyvale, United States **$3.0B** last round Apr 2026
- 5 [**Fluidstack** FluidStack is a GPU cloud for AI, ML and LLM companies.](https://millionrounds.com/company/fluidstack) FluidStack is a GPU cloud for AI, ML and LLM companies. *Founded* 2017 New York, United States **$3.0B** last round Sept 2026
- 6 [**Oura**](https://millionrounds.com/company/oura) *Founded* - Finland **$2.9B** last round Jul 2026
- 7 [**Rapidus** One-hour and same-day professional delivery for businesses, 24/7](https://millionrounds.com/company/rapidus) One-hour and same-day professional delivery for businesses, 24/7 *Founded* 2015 Japan **$2.6B** last round Jun 2026
- 8 [**Zipline** DataMax Group was acquired by PDI in April 2017.](https://millionrounds.com/company/zipline) DataMax Group was acquired by PDI in April 2017. *Founded* 1994 Round Rock, United States **$2.2B** last round Nov 2026
- 9 [**Figure AI**](https://millionrounds.com/company/figure-ai) *Founded* 2023 United States **$2.2B** last round Feb 2025
- 10 [**GTA Semiconductor** GTA Semiconductor is a developer of semiconductor chips focusing on the R&D and design of integrated circuit related technologies.](https://millionrounds.com/company/gta-semiconductor) GTA Semiconductor is a developer of semiconductor chips focusing on the R&D and design of integrated circuit related technologies. *Founded* 2017 SHANGHAI, China **$1.9B** last round Aug 2023
- 11 [**Apptronik** Apptronik is a human-centered robotics company based in Austin, Texas, founded in 2016 as a spinout from the Human Centered Robotics Lab at the University of Te](https://millionrounds.com/company/apptronik) Apptronik is a human-centered robotics company based in Austin, Texas, founded in 2016 as a spinout from the Human Centered Robotics Lab at the University of Te *Founded* 2015 Austin, United States **$1.8B** last round Feb 2026
- 12 [**Atoms**](https://millionrounds.com/company/atoms) *Founded* - United States **$1.7B** last round Jul 2026
- 13 [**SILA**](https://millionrounds.com/company/sila) *Founded* - United States **$1.7B** last round Aug 2026
- 14 [**Runpeng Semiconductor** Runpeng Semiconductor is a chip and integrated circuit producer and developer.](https://millionrounds.com/company/runpeng-semiconductor) Runpeng Semiconductor is a chip and integrated circuit producer and developer. *Founded* 2022 Shenzhen **$1.7B** last round Aug 2023
- 15 [**ChangXin Memory Technologies** ChangXin Memory Technologies specializes in manufacturing dynamic random-access memory (DRAM) semiconductor products.](https://millionrounds.com/company/changxin-memory-technologies) ChangXin Memory Technologies specializes in manufacturing dynamic random-access memory (DRAM) semiconductor products. *Founded* 2016 Hefei **$1.5B** last round Mar 2024
- 16 [**Hark**](https://millionrounds.com/company/hark) *Founded* - United States **$1.4B** last round Aug 2026
- 17 [**Wrench Group** Wrench Group offers home repair, replacement and maintenance services specializing in heating and ventilation.](https://millionrounds.com/company/wrench-group) Wrench Group offers home repair, replacement and maintenance services specializing in heating and ventilation. *Founded* 2015 Marietta, United States **$1.3B** last round Sept 2025
- 18 [**Cloover** Cloover provides embedded financial services, software, and energy solutions to facilitate a successful energy transition.](https://millionrounds.com/company/cloover) Cloover provides embedded financial services, software, and energy solutions to facilitate a successful energy transition. *Founded* 2022 Berlin, Sweden **$1.3B** last round Sept 2026
- 19 [**WHOOP** WHOOP is a performance optimization system that tracks athlete recovery, training, and sleeping hours to help boost performance.](https://millionrounds.com/company/whoop) WHOOP is a performance optimization system that tracks athlete recovery, training, and sleeping hours to help boost performance. *Founded* 2012 Boston, United States **$1.3B** last round Mar 2026
- 20 [**SambaNova Systems** SambaNova Systems builds AI hardware and integrated systems to run AI applications from the data center to the cloud.](https://millionrounds.com/company/sambanova-systems) SambaNova Systems builds AI hardware and integrated systems to run AI applications from the data center to the cloud. *Founded* 2017 Palo Alto, United States **$1.0B** last round Jul 2026
- 21 [**Etched** Etched is a technology company that has developed Sohu, the world’s first specialized chip (ASIC) designed specifically for transformer inference.](https://millionrounds.com/company/etched) Etched is a technology company that has developed Sohu, the world’s first specialized chip (ASIC) designed specifically for transformer inference. *Founded* 2022 San Jose, United States **$1.0B** last round Aug 2026
- 22 [**Unconventional, Inc.**](https://millionrounds.com/company/unconventional-inc) *Founded* - United States **$1.0B** last round Oct 2025
- 23 [**Bloom Energy** Bloom Energy empowers businesses and communities to responsibly take charge of their energy.](https://millionrounds.com/company/bloom-energy) Bloom Energy empowers businesses and communities to responsibly take charge of their energy. *Founded* 2001 San Jose, United States **$960M** last round Jan 2015
- 24 [**Fractile** Fractile is a UK-based technology company and semiconductor startup founded in 2022 by Dr.](https://millionrounds.com/company/fractile) Fractile is a UK-based technology company and semiconductor startup founded in 2022 by Dr. *Founded* 2022 London, United Kingdom **$960M** last round Oct 2026
- 25 [**VAST**](https://millionrounds.com/company/vast) *Founded* - China **$946M** last round Sept 2026
- 26 [**Ayar Labs** Ayar Labs is a semiconductor company focused on transforming AI infrastructure through high-speed, light-based optical I/O solutions.](https://millionrounds.com/company/ayar-labs) Ayar Labs is a semiconductor company focused on transforming AI infrastructure through high-speed, light-based optical I/O solutions. *Founded* 2015 San Jose, United States **$904M** last round Oct 2026
- 27 [**Positron AI** Positron AI is a semiconductor and AI infrastructure company based in Reno, Nevada, founded in 2023.](https://millionrounds.com/company/positron-ai) Positron AI is a semiconductor and AI infrastructure company based in Reno, Nevada, founded in 2023. *Founded* 2023 Reno, United States **$875M** last round Sept 2026
- 28 [**Oura Health Oy**](https://millionrounds.com/company/oura-health-oy) *Founded* - Finland **$875M** last round Sept 2025
- 29 [**Graphcore** Graphcore develops a microprocessor designed for AI and machine learning applications.](https://millionrounds.com/company/graphcore) Graphcore develops a microprocessor designed for AI and machine learning applications. *Founded* 2016 Bristol, United Kingdom **$835M** last round May 2026
- 30 [**Positron**](https://millionrounds.com/company/positron) *Founded* - United States **$732M** last round Sept 2026
- 31 [**SiFive** SiFive is a platform offering open-source semiconductor technology and software automation.](https://millionrounds.com/company/sifive) SiFive is a platform offering open-source semiconductor technology and software automation. *Founded* 2015 San Mateo, United States **$700M** last round Apr 2026
- 32 [**Halter** Halter is an innovative agricultural technology company based in Auckland, New Zealand, founded in 2016.](https://millionrounds.com/company/halter) Halter is an innovative agricultural technology company based in Auckland, New Zealand, founded in 2016. *Founded* 2016 Auckland, New Zealand **$689M** last round Mar 2026
- 33 [**Shenzhen MTC** is a company specialising in the production of consumer electronic products.](https://millionrounds.com/company/shenzhen-mtc) is a company specialising in the production of consumer electronic products. *Founded* 2014 China **$652M** last round May 2022
- 34 [**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
- 35 [**MatX** MatX designs hardware tailored for the world's best AI models: We dedicate every transistor to maximizing performance for large models.](https://millionrounds.com/company/matx) MatX designs hardware tailored for the world's best AI models: We dedicate every transistor to maximizing performance for large models. *Founded* 2022 Mountain View, United States **$580M** last round Feb 2026
- 36 [**Beats Electronics** Beats Electronics offers premium consumer headphones, earphones and speakers, software technology and streaming music subscription services.](https://millionrounds.com/company/beats-electronics) Beats Electronics offers premium consumer headphones, earphones and speakers, software technology and streaming music subscription services. *Founded* 2006 Los Angeles, United States **$560M** last round Sept 2013
- 37 [**Back Market** Back Market is the world's largest premium refurbished tech marketplace, founded in 2014 in Paris, France.](https://millionrounds.com/company/back-market) Back Market is the world's largest premium refurbished tech marketplace, founded in 2014 in Paris, France. *Founded* 2014 Paris, France **$558M** last round Jan 2022
- 38 [**OLIX** OLIX is an AI company focused on developing advanced hardware solutions for AI inference workloads.](https://millionrounds.com/company/olix) OLIX is an AI company focused on developing advanced hardware solutions for AI inference workloads. *Founded* 2024 London, United Kingdom **$532M** last round Aug 2026
- 39 [**Nearfield Instruments** Nearfield Instruments (NFI) is a semiconductor metrology equipment company based in Rotterdam, Netherlands.](https://millionrounds.com/company/nearfield-instruments) Nearfield Instruments (NFI) is a semiconductor metrology equipment company based in Rotterdam, Netherlands. *Founded* 2016 Rotterdam, Netherlands **$527M** last round Jun 2026
- 40 [**D-Robotics**](https://millionrounds.com/company/d-robotics) *Founded* - Hong Kong SAR China **$520M** last round Sept 2026
- 41 [**Northwood Space** Northwood Space is a hardware solution that expands the orbits and frequency ranges available from the ground for satellite communication.](https://millionrounds.com/company/northwood-space) Northwood Space is a hardware solution that expands the orbits and frequency ranges available from the ground for satellite communication. *Founded* 2023 Los Angeles, United States **$505M** last round Nov 2026
- 42 [**Etched AI** Etch believes in improving people's lives through the power of mobile technology.](https://millionrounds.com/company/etched-ai) Etch believes in improving people's lives through the power of mobile technology. *Founded* 2011 San Jose, United States **$500M** last round Jan 2026
- 43 [**Rippling** Rippling is an HR management company that offers a workforce management platform, streamlining HR and IT operations across organizations.](https://millionrounds.com/company/rippling) Rippling is an HR management company that offers a workforce management platform, streamlining HR and IT operations across organizations. *Founded* 2016 San Francisco, United States **$495M** last round May 2025
- 44 [**Flock Safety** Flock Safety develops security solutions using automated license plate recognition (ALPR) cameras.](https://millionrounds.com/company/flock-safety) Flock Safety develops security solutions using automated license plate recognition (ALPR) cameras. *Founded* 2017 Atlanta, United States **$485M** last round Apr 2026
- 45 [**New Leshi Smart Home** New Leshi Smart Home is a Chinese television manufacturer.](https://millionrounds.com/company/new-leshi-smart-home) New Leshi Smart Home is a Chinese television manufacturer. *Founded* 2012 China **$478M** last round Jan 2020
- 46 [**Raspberry Pi** Raspberry Pi is a computer product manufacturing company that offers hardware and software solutions to homes and corporates.](https://millionrounds.com/company/raspberry-pi) Raspberry Pi is a computer product manufacturing company that offers hardware and software solutions to homes and corporates. *Founded* 2012 Cambridge, United Kingdom **$476M** last round Feb 2024
- 47 [**Unconventional AI** Unconventional AI rethinks computer foundations to optimize energy efficiency for AI.](https://millionrounds.com/company/unconventional-ai) Unconventional AI rethinks computer foundations to optimize energy efficiency for AI. *Founded* - San Francisco, United States **$475M** last round Dec 2025
- 48 [**Oxford Quantum Circuits** Oxford Quantum Circuits develops quantum computers designed for breakthrough discoveries.](https://millionrounds.com/company/oxford-quantum-circuits) Oxford Quantum Circuits develops quantum computers designed for breakthrough discoveries. *Founded* 2017 United Kingdom **$453M** last round Jun 2026
- 49 [**Qudian** Qudian is a financial technology service company that connects financial institutions and users in marketing and operational efficiency.](https://millionrounds.com/company/qudian) Qudian is a financial technology service company that connects financial institutions and users in marketing and operational efficiency. *Founded* 2014 Xiamen **$449M** last round Jul 2016
- 50 [**Tripo AI**](https://millionrounds.com/company/tripo-ai) *Founded* - United States **$446M** last round Sept 2026

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as 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 hardware startups worldwide 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 hardware lists

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

[*AI* *G* *T* **Hardware startups in the United States** 815 companies · $50B](https://millionrounds.com/top-lists/hardware-startups-united-states)[*O* *C* *F* **Hardware startups in Europe** 447 companies · $14B](https://millionrounds.com/top-lists/hardware-startups-europe)[*F* *G* *O* **Hardware startups in the United Kingdom** 140 companies · $5.7B](https://millionrounds.com/top-lists/hardware-startups-united-kingdom)[*BM* *A* *Q* **Hardware startups in France** 79 companies · $1.9B](https://millionrounds.com/top-lists/hardware-startups-france)[*T* *P* *ET* **Hardware startups in Canada** 59 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-canada)[*H* *Q* *PL* **Hardware startups in Germany** 47 companies · $1.6B](https://millionrounds.com/top-lists/hardware-startups-germany)[*NI* *Q* *BE* **Hardware startups in the Netherlands** 24 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-netherlands)[*C* *F* *T* **Hardware startups in Sweden** 18 companies · $1.4B](https://millionrounds.com/top-lists/hardware-startups-sweden)

## 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)