Hardware startups that raised Series D or later
Source: FundingWatcher. Data as of 4 September 2026.
Latest rounds
Most recent round first| # | Company | Round | Amount | Date | City | Sector |
|---|---|---|---|---|---|---|
| 1 | Etched | Series D | $700.0M | 2026-08-18 | San Jose | Artificial intelligence |
| 2 | Arctic Hero Core | Series D | $14.0M | 2026-08-18 | Xian Shi | Hardware |
| 3 | Sucheon | Series D | $14.3M | 2026-08-13 | Xiamen | Artificial intelligence |
| 4 | NavVis | Series D | $85.0M | 2026-08-06 | Munich | Hardware |
| 5 | Huaqiu | Series D | $43.8M | 2026-08-05 | Shenzhen | Hardware |
| 6 | Oxide Computer Company | Series D | $445.0M | 2026-08-04 | Emeryville | Hardware |
| 7 | EndoQuest Robotics | Series E | 2026-08-04 | Houston | Biotech | |
| 8 | DEEPX | Series D | $29.4M | 2026-08-03 | Seongnam | Artificial intelligence |
| 9 | Xsight Labs | Series E | $300.0M | 2026-07-30 | Kiryat Gat | Artificial intelligence |
| 10 | Yimu Technology | Series E | $147.6M | 2026-07-18 | Shenzhen | Artificial intelligence |
| 11 | Guangdong Xinjuneng | Series D | $103.4M | 2026-07-15 | Guangzhou | Energy |
| 12 | Helsing | Series E | $1.8B | 2026-07-13 | Munich | Artificial intelligence |
| 13 | SambaNova | Series F | $1.0B | 2026-07-08 | Palo Alto | Artificial intelligence |
| 14 | Quantum Systems | Series D | $1.2B | 2026-07-02 | Gilching | Artificial intelligence |
| 15 | Shengjisheng Semiconductor | Series D | $147.3M | 2026-07-02 | Yinzhou | Hardware |
| 16 | SpinQ Technology | Series D | $147.2M | 2026-06-30 | Shenzhen | Hardware |
| 17 | Nexite | Series D | $20.0M | 2026-06-29 | Tel Aviv | Commerce |
| 18 | Nearfield Instruments | Series D | $380.0M | 2026-06-22 | Rotterdam | Hardware |
| 19 | Afalight | Series D | $14.8M | 2026-06-07 | Shenzhen | Hardware |
| 20 | Axiom Space | Series D | $175.0M | 2026-06-04 | Houston | Hardware |
| 21 | Jijia Electronics | Series E | 2026-06-02 | Shanghai | Hardware | |
| 22 | DriveNets | Series D | $410.0M | 2026-06-01 | Ra'anana | Artificial intelligence |
| 23 | Sandstone | Series D | $14.7M | 2026-05-27 | Shenzhen | Hardware |
| 24 | Tpson | Series D | $8.7M | 2026-05-19 | Hangzhou | Hardware |
| 25 | Sigma Computing | Series E | $80.0M | 2026-05-18 | San Francisco | Artificial intelligence |
| 26 | Tomorrow.io | Series F | $35.0M | 2026-05-18 | Boston | Artificial intelligence |
| 27 | Anduril Industries | Series H | $5.0B | 2026-05-13 | Costa Mesa | Artificial intelligence |
| 28 | Astranis | Series E | $300.0M | 2026-05-06 | San Francisco | Hardware |
| 29 | Whisker Labs | Series D | $6.6M | 2026-05-06 | Germantown | Artificial intelligence |
| 30 | Skydio | Series F | $110.0M | 2026-04-23 | San Mateo | Artificial intelligence |
| 31 | Hyasic Semiconductor | Series D | $14.7M | 2026-04-21 | Nanshan | Hardware |
| 32 | Flock Safety | Series I | $200.0M | 2026-04-17 | Atlanta | Hardware |
| 33 | VAST Data | Series F | $1.0B | 2026-04-09 | New York | Artificial intelligence |
| 34 | SiFive | Series G | $400.0M | 2026-04-09 | San Mateo | Hardware |
| 35 | WHOOP | Series G | $575.0M | 2026-03-31 | Boston | Hardware |
| 36 | Syntiant | Series D | $15.0M | 2026-03-30 | Irvine | Artificial intelligence |
| 37 | Elite Robots | Series D | $87.0M | 2026-03-25 | Pudong | Hardware |
| 38 | FutureDial | Series D | $1.3M | 2026-03-25 | Sunnyvale | Artificial intelligence |
| 39 | Halter | Series E | $220.0M | 2026-03-24 | Auckland | Hardware |
| 40 | Avation Medical | Series D | $22.0M | 2026-03-20 | Columbus | Hardware |
| 41 | Frore Systems | Series D | $143.0M | 2026-03-16 | San Jose | Hardware |
| 42 | Calterah | Series E | $145.5M | 2026-03-12 | Shanghai | Hardware |
| 43 | Elephantech | Series F | $25.1M | 2026-03-12 | Tokyo | Hardware |
| 44 | Eight Sleep | Series D | $50.0M | 2026-03-04 | New York | Hardware |
| 45 | RoboticPlus.AI | Series D | 2026-03-03 | Shanghai | Artificial intelligence | |
| 46 | Audfly Technology | Series D | 2026-03-02 | Suzhou | Hardware | |
| 47 | Huamei Haolian | Series D | 2026-03-02 | Beijing | Hardware | |
| 48 | Ayar Labs | Series E | $500.0M | 2026-02-28 | San Jose | Artificial intelligence |
| 49 | TETRA Electronic | Series D | $14.5M | 2026-02-13 | Nanjing | Hardware |
| 50 | Vention | Series D | $90.0M | 2026-01-27 | Montréal | Artificial intelligence |
| 51 | Tauren | Series E | 2026-01-21 | Pudong | Hardware | |
| 52 | Servify | Series D | $5.0M | 2026-01-16 | Mumbai | Hardware |
| 53 | Surgerii Technology | Series D | $100.0M | 2025-12-31 | Haidian | Hardware |
| 54 | Nair Electronics | Series D | $42.9M | 2025-12-31 | Xiamen | Hardware |
| 55 | Huaxing Laser | Series D | $14.3M | 2025-12-30 | Suzhou | Hardware |
| 56 | Mino Space | Series D | $142.7M | 2025-12-26 | Haidian | Hardware |
| 57 | Mythic | Series D | $125.0M | 2025-12-17 | Austin | Artificial intelligence |
| 58 | Kasada | Series D | $20.0M | 2025-12-10 | Sydney | Hardware |
| 59 | FullDepth | Series D | $60.6M | 2025-12-09 | Tokyo | Hardware |
| 60 | Shixin Materials | Series D | $18.3M | 2025-12-09 | Tianyuan | Hardware |
| 61 | Huaqing Electronic Material Technology | Series D | 2025-12-09 | Jinjiang | Hardware | |
| 62 | Blue Current | Series D | $80.0M | 2025-12-08 | Hayward | Energy |
| 63 | Opentrons | Series D | $20.1M | 2025-12-05 | Brooklyn | Artificial intelligence |
| 64 | ZincFive | Series F | $30.0M | 2025-12-04 | Tualatin | Energy |
| 65 | Ursa Major | Series E | $100.0M | 2025-11-18 | Berthoud | Hardware |
| 66 | xMEMS | Series D | $21.0M | 2025-10-30 | Santa Clara | Hardware |
| 67 | Arty | Series D | 2025-10-30 | Tokyo | Education | |
| 68 | Neolix | Series D | $600.0M | 2025-10-23 | Beijing | Hardware |
| 69 | Carbon Robotics | Series D | $20.0M | 2025-10-23 | Seattle | Artificial intelligence |
| 70 | Ecorobotix | Series D | $105.0M | 2025-10-13 | Yverdon-les-bains | Artificial intelligence |
| 71 | Corvus Energy | Series E | $60.0M | 2025-10-09 | Bergen | Energy |
| 72 | Beijing Weilan New Energy Technology | Series D | 2025-09-30 | Beijing | Energy | |
| 73 | Lightmatter | Series D | $400.0M | 2025-09-22 | Mountain View | Artificial intelligence |
| 74 | Empower Semiconductor | Series D | $140.0M | 2025-09-22 | Milpitas | Artificial intelligence |
| 75 | ADCHEM | Series E | 2025-09-19 | Beijing | Hardware | |
| 76 | proteanTecs | Series D | $51.0M | 2025-09-09 | Haifa | Artificial intelligence |
| 77 | LEADRIVE | Series E | 2025-09-08 | Shanghai | Hardware | |
| 78 | Ronovo Surgical | Series D | $67.0M | 2025-09-04 | Shanghai | Hardware |
| 79 | Mech-Mind Robotics | Series D | $69.9M | 2025-08-26 | Beijing | Artificial intelligence |
| 80 | Robocore | Series D | $10.0M | 2025-08-21 | Hong Kong | Hardware |
| 81 | temi | Series D | $10.0M | 2025-08-20 | New York | Artificial intelligence |
| 82 | Silicon Integrated | Series D | 2025-08-13 | Wuhan | Hardware | |
| 83 | Swift Navigation | Series E | $50.0M | 2025-07-23 | San Francisco | Hardware |
| 84 | Xinde Semiconductor | Series D | $55.7M | 2025-07-21 | Nanjing | Hardware |
| 85 | XAG | Series D | 2025-07-18 | Guangzhou | Hardware | |
| 86 | EFFECT Photonics | Series D | $24.0M | 2025-06-25 | Eindhoven | Hardware |
| 87 | Eacon Mining | Series D | $55.8M | 2025-06-24 | Beijing | Hardware |
| 88 | Basic Semiconductor | Series D | $20.9M | 2025-06-21 | Shenzhen | Hardware |
| 89 | MLINK | Series D | 2025-06-10 | Haidian | Hardware | |
| 90 | Wandercraft | Series D | $75.0M | 2025-06-06 | Paris | Hardware |
| 91 | PetaIO | Series D | 2025-05-23 | Santa Clara | Hardware | |
| 92 | Iluvatar CoreX | Series D | $18.9M | 2025-05-16 | Nanjing | Artificial intelligence |
| 93 | 1 India Family Mart | Series D | $12.0M | 2025-05-15 | Delhi | Commerce |
| 94 | i-KINGTEC | Series D | $69.2M | 2025-05-08 | Haidian | Artificial intelligence |
| 95 | Keenon Robotics | Series D | $200.0M | 2025-04-24 | Pudong | Artificial intelligence |
| 96 | Tonbo Imaging | Series D | $20.4M | 2025-04-04 | Bangalore | Hardware |
| 97 | Redpanda Data | Series D | $100.0M | 2025-04-03 | San Francisco | Artificial intelligence |
| 98 | Narwal Robotics | Series E | $100.0M | 2025-04-02 | Dongguan | Hardware |
| 99 | IceMos Technology | Series E | $22.0M | 2025-04-02 | Belfast | Hardware |
| 100 | EAVISION | Series D | $11.8M | 2025-04-01 | Suzhou | Artificial intelligence |
Table 1. The 100 most recent rounds. Source: FundingWatcher. Data as of 4 September 2026. Base: 671.
Largest rounds
Largest round first| # | Company | Round | Amount | Date | City | Sector |
|---|---|---|---|---|---|---|
| 1 | Anduril Industries | Series H | $5.0B | 2026-05-13 | Costa Mesa | Artificial intelligence |
| 2 | Helsing | Series E | $1.8B | 2026-07-13 | Munich | Artificial intelligence |
| 3 | Quantum Systems | Series D | $1.2B | 2026-07-02 | Gilching | Artificial intelligence |
| 4 | SambaNova | Series F | $1.0B | 2026-07-08 | Palo Alto | Artificial intelligence |
| 5 | VAST Data | Series F | $1.0B | 2026-04-09 | New York | Artificial intelligence |
| 6 | MetroPCS Communications Inc | Series E | $739.0M | 2005-10-05 | Richardson | Hardware |
| 7 | Etched | Series D | $700.0M | 2026-08-18 | San Jose | Artificial intelligence |
| 8 | Tenstorrent | Series D | $693.0M | 2024-12-02 | Toronto | Artificial intelligence |
| 9 | Neolix | Series D | $600.0M | 2025-10-23 | Beijing | Hardware |
| 10 | WHOOP | Series G | $575.0M | 2026-03-31 | Boston | Hardware |
| 11 | Back Market | Series E | $509.7M | 2022-01-11 | Paris | Commerce |
| 12 | Ayar Labs | Series E | $500.0M | 2026-02-28 | San Jose | Artificial intelligence |
| 13 | SES Networks | Series H | $460.0M | 2015-12-10 | The Hague | Hardware |
| 14 | DriveWealth | Series D | $450.0M | 2021-08-20 | Jersey City | Artificial intelligence |
| 15 | Oxide Computer Company | Series D | $445.0M | 2026-08-04 | Emeryville | Hardware |
| 16 | DriveNets | Series D | $410.0M | 2026-06-01 | Ra'anana | Artificial intelligence |
| 17 | SiFive | Series G | $400.0M | 2026-04-09 | San Mateo | Hardware |
| 18 | Lightmatter | Series D | $400.0M | 2025-09-22 | Mountain View | Artificial intelligence |
| 19 | Nearfield Instruments | Series D | $380.0M | 2026-06-22 | Rotterdam | Hardware |
| 20 | Exotec | Series D | $334.3M | 2022-01-17 | Lille | Hardware |
| 21 | Xsight Labs | Series E | $300.0M | 2026-07-30 | Kiryat Gat | Artificial intelligence |
| 22 | Astranis | Series E | $300.0M | 2026-05-06 | San Francisco | Hardware |
| 23 | Niantic | Series D | $300.0M | 2021-11-22 | San Francisco | Hardware |
| 24 | Zymergen | Series D | $300.0M | 2020-09-08 | Emeryville | Artificial intelligence |
| 25 | Enflame | Series D | $273.9M | 2023-09-28 | Shanghai | Artificial intelligence |
| 26 | Vercel | Series E | $250.0M | 2024-05-16 | Covina | Artificial intelligence |
| 27 | Own Company | Series E | $240.0M | 2021-08-10 | Englewood Cliffs | Hardware |
| 28 | Energy Monster | Series D | $234.0M | 2021-03-13 | Beijing | Commerce |
| 29 | Illumio | Series F | $225.0M | 2021-06-23 | Sunnyvale | Hardware |
| 30 | Halter | Series E | $220.0M | 2026-03-24 | Auckland | Hardware |
| 31 | Aiven | Series D | $210.0M | 2022-05-11 | Helsinki | Artificial intelligence |
| 32 | Pragmatic Semiconductor | Series D | $203.4M | 2023-12-06 | Cambridge | Hardware |
| 33 | Flock Safety | Series I | $200.0M | 2026-04-17 | Atlanta | Hardware |
| 34 | Keenon Robotics | Series D | $200.0M | 2025-04-24 | Pudong | Artificial intelligence |
| 35 | Helium | Series D | $200.0M | 2022-02-18 | San Francisco | Fintech |
| 36 | Orbbec | Series D | $200.0M | 2018-05-21 | Shenzhen | Artificial intelligence |
| 37 | Axiom Space | Series D | $175.0M | 2026-06-04 | Houston | Hardware |
| 38 | Material Bank | Series D | $175.0M | 2022-05-05 | Boca Raton | Commerce |
| 39 | Simplivity | Series D | $175.0M | 2015-03-19 | Westborough | Hardware |
| 40 | Innovium | Series F | $170.0M | 2020-07-21 | Santa Clara | Hardware |
| 41 | United Aircraft | Series D | $167.6M | 2023-06-19 | Shenzhen | Hardware |
| 42 | Astera Labs | Series D | $150.0M | 2022-11-17 | San Jose | Artificial intelligence |
| 43 | Ruigu | Series D | $150.0M | 2022-07-29 | Shanghai | Commerce |
| 44 | Jaka Robot | Series D | $150.0M | 2022-07-20 | Shanghai | Hardware |
| 45 | Scandit | Series D | $150.0M | 2022-02-09 | Zürich | Artificial intelligence |
| 46 | Formlabs | Series E | $150.0M | 2021-05-19 | Somerville | Hardware |
| 47 | Smartisan | Series D | $149.6M | 2017-08-15 | Beijing | Hardware |
| 48 | Yimu Technology | Series E | $147.6M | 2026-07-18 | Shenzhen | Artificial intelligence |
| 49 | Shengjisheng Semiconductor | Series D | $147.3M | 2026-07-02 | Yinzhou | Hardware |
| 50 | SpinQ Technology | Series D | $147.2M | 2026-06-30 | Shenzhen | Hardware |
| 51 | Druva | Series H | $147.0M | 2021-04-19 | Santa Clara | Hardware |
| 52 | Calterah | Series E | $145.5M | 2026-03-12 | Shanghai | Hardware |
| 53 | Rec Room | Series F | $145.0M | 2021-12-20 | Seattle | Hardware |
| 54 | Frore Systems | Series D | $143.0M | 2026-03-16 | San Jose | Hardware |
| 55 | Mino Space | Series D | $142.7M | 2025-12-26 | Haidian | Hardware |
| 56 | Empower Semiconductor | Series D | $140.0M | 2025-09-22 | Milpitas | Artificial intelligence |
| 57 | WEKA | Series E | $140.0M | 2024-05-15 | Campbell | Artificial intelligence |
| 58 | GreyOrange | Series D | $135.0M | 2023-12-20 | Roswell | Artificial intelligence |
| 59 | Akeneo | Series D | $135.0M | 2022-03-15 | Nantes | Commerce |
| 60 | Cortina Systems | Series D | $132.0M | 2006-09-11 | Sunnyvale | Hardware |
| 61 | CenterPoint Broadband Technologies | Series D | $131.2M | 2002-03-26 | San Jose | Hardware |
| 62 | Mythic | Series D | $125.0M | 2025-12-17 | Austin | Artificial intelligence |
| 63 | Cresta | Series D | $125.0M | 2024-11-19 | Palo Alto | Artificial intelligence |
| 64 | Density | Series D | $125.0M | 2021-11-10 | San Francisco | Hardware |
| 65 | Qumulo | Series E | $125.0M | 2020-07-16 | Seattle | Hardware |
| 66 | D2iq | Series D | $125.0M | 2018-05-07 | San Francisco | Hardware |
| 67 | SoftWheel | Series D | $120.0M | 2019-11-01 | Tel Aviv | Hardware |
| 68 | ASR Microelectronics | Series D | $119.0M | 2020-05-05 | Shanghai | Hardware |
| 69 | CommerceIQ | Series D | $115.0M | 2022-03-21 | Mountain View | Artificial intelligence |
| 70 | InterCloud | Series D | $113.6M | 2022-02-15 | Paris | Hardware |
| 71 | Skydio | Series F | $110.0M | 2026-04-23 | San Mateo | Artificial intelligence |
| 72 | Labelbox | Series D | $110.0M | 2022-01-06 | San Francisco | Artificial intelligence |
| 73 | Ring | Series D | $109.0M | 2017-01-25 | Santa Monica | Hardware |
| 74 | Vayyar | Series E | $108.0M | 2022-06-06 | Yehud | Hardware |
| 75 | Tabula | Series D | $108.0M | 2011-03-28 | Santa Clara | Hardware |
| 76 | Ecorobotix | Series D | $105.0M | 2025-10-13 | Yverdon-les-bains | Artificial intelligence |
| 77 | Netlify | Series D | $105.0M | 2021-11-17 | San Francisco | Artificial intelligence |
| 78 | Align Technology | Series D | $105.0M | 2000-06-21 | Tempe | Hardware |
| 79 | Guangdong Xinjuneng | Series D | $103.4M | 2026-07-15 | Guangzhou | Energy |
| 80 | Pivotal Commware | Series D | $102.0M | 2023-08-17 | Bothell | Hardware |
| 81 | ZEGOCLOUD | Series D | $102.0M | 2022-01-01 | Singapore | Hardware |
| 82 | Surgerii Technology | Series D | $100.0M | 2025-12-31 | Haidian | Hardware |
| 83 | Ursa Major | Series E | $100.0M | 2025-11-18 | Berthoud | Hardware |
| 84 | Redpanda Data | Series D | $100.0M | 2025-04-03 | San Francisco | Artificial intelligence |
| 85 | Narwal Robotics | Series E | $100.0M | 2025-04-02 | Dongguan | Hardware |
| 86 | Fleet Space Technologies | Series D | $100.0M | 2024-12-11 | Adelaide | Hardware |
| 87 | Quicktron Robotics | Series D | $100.0M | 2024-09-12 | Shanghai | Hardware |
| 88 | Pliops | Series D | $100.0M | 2022-08-16 | Ramat Gan | Artificial intelligence |
| 89 | Geek+ | Series E | $100.0M | 2022-08-08 | Beijing | Hardware |
| 90 | HAI ROBOTICS | Series D | $100.0M | 2022-06-14 | Shenzhen | Hardware |
| 91 | Fictiv | Series E | $100.0M | 2022-05-05 | San Francisco | Hardware |
| 92 | Zhichi Technologies | Series D | $100.0M | 2022-02-14 | Beijing | Artificial intelligence |
| 93 | Rain Med | Series D | $100.0M | 2021-12-01 | Suzhou | Hardware |
| 94 | Yunxi Technology | Series D | $100.0M | 2021-10-15 | Hangzhou | Artificial intelligence |
| 95 | Credo Semiconductor | Series D | $100.0M | 2020-06-06 | San Jose | Hardware |
| 96 | Aosong Electronics | Series D | $99.8M | 2024-09-27 | Guangzhou | Hardware |
| 97 | Neptune Medical | Series D | $97.0M | 2024-08-15 | Burlingame | Hardware |
| 98 | Memic Innovative Surgery | Series D | $96.0M | 2021-04-12 | Or Yehuda | Biotech |
| 99 | AMP | Series D | $91.0M | 2024-12-05 | Louisville | Artificial intelligence |
| 100 | Vention | Series D | $90.0M | 2026-01-27 | Montréal | Artificial intelligence |
Table 2. The 100 largest rounds. Source: FundingWatcher. Data as of 4 September 2026. Base: 671.
By month
| Month | Companies |
|---|---|
| 2024-08 | 1 |
| 2024-09 | 4 |
| 2024-11 | 3 |
| 2024-12 | 6 |
| 2025-01 | 3 |
| 2025-02 | 1 |
| 2025-03 | 5 |
| 2025-04 | 6 |
| 2025-05 | 4 |
| 2025-06 | 5 |
| 2025-07 | 3 |
| 2025-08 | 4 |
| 2025-09 | 7 |
| 2025-10 | 6 |
| 2025-11 | 1 |
| 2025-12 | 12 |
| 2026-01 | 3 |
| 2026-02 | 2 |
| 2026-03 | 13 |
| 2026-04 | 5 |
| 2026-05 | 7 |
| 2026-06 | 7 |
| 2026-07 | 7 |
| 2026-08 | 8 |
Table 3. Hardware startups that raised Series D or later by month of the round. Source: FundingWatcher. Data as of 4 September 2026. Base: 671.
Country
| Country | Companies |
|---|---|
| United States | 422 |
| China | 129 |
| Israel | 31 |
| Japan | 13 |
| United Kingdom | 13 |
| France | 11 |
| Germany | 8 |
| The Netherlands | 7 |
| Canada | 6 |
| India | 4 |
| Switzerland | 3 |
| Finland | 3 |
| Ireland | 3 |
| South Korea | 2 |
| New Zealand | 2 |
Table 4. Hardware startups that raised Series D or later by country. Source: FundingWatcher. Data as of 4 September 2026. Base: 671.
City
| City | Companies |
|---|---|
| San Francisco | 35 |
| Santa Clara | 25 |
| Mountain View | 25 |
| Shanghai | 24 |
| San Jose | 23 |
| Sunnyvale | 22 |
| Beijing | 20 |
| Shenzhen | 19 |
| New York | 14 |
| Fremont | 13 |
| San Mateo | 11 |
| Austin | 11 |
| Redwood City | 11 |
| Suzhou | 10 |
| Hangzhou | 8 |
Table 5. Hardware startups that raised Series D or later by city. Source: FundingWatcher. Data as of 4 September 2026. Base: 671.
Sector
| Sector | Companies |
|---|---|
| Hardware | 671 |
| Software | 386 |
| Artificial intelligence | 80 |
| Cybersecurity | 54 |
| Health care | 38 |
| Energy | 31 |
| Commerce | 30 |
| Fintech | 20 |
| Biotech | 14 |
| Education | 2 |
Table 6. Hardware startups that raised Series D or later by sector. Source: FundingWatcher. Data as of 4 September 2026. Base: 671.