Which startups have raised the most funding in the deep tech market?
Explore our constantly refreshed list of the top startups in the deep tech market, ranked by cumulative funding raised.

In our updated market reports, you will find everything you need
The deep tech market is one of the most capital-intensive startup markets, spanning space, quantum computing, AI chips, robotics, biotech, batteries, and advanced materials.
This list ranks deep tech startups by cumulative funding raised, and we update it every month to keep the dataset fresh.
The ranking highlights where investors are placing the largest long-term bets across hard science and infrastructure-heavy technologies.
A quick summary table
| Metric | Value |
|---|---|
| Most funded startup | SpaceX, $86.9B raised |
| Second most funded startup | Cerebras Systems, $9.2B raised |
| Largest funding round | SpaceX, $75.0B in June 2026 |
| Median funding | $590.5M |
| Share of funding captured by the top 10 | 67.7% |
| Median time since last round | 16 months |
| Startups that raised funding in the last 12 months | 41 startups |
| Total deep tech funding tracked | $168.8B |
| Active deep tech startups in the ranking | 71 startups |
| Public or acquired deep tech companies | 27 companies |
Top startups in the deep tech market ranked by total funding raised
Here is an updated table that ranks the top startups in the deep tech market based on the total amount of funding they have raised to date.
The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup’s current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected.
| # | Startup | What They Do | Total Raised ($) | Total Rounds | Last Round Date | Last Round Amount ($) | Last Round Type | Key Investors | Current Stage | Confidence |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SpaceX | Rockets, satellites, space internet | $86.9B | 17 | June 2026 | $75.0B | IPO | Public investors, Andreessen Horowitz, Sequoia Capital | IPO | Partial |
| 2 | Cerebras Systems | Wafer-scale AI chips | $9.2B | 9 | May 2026 | $6.4B | IPO | Morgan Stanley, Barclays, Citi | IPO | Partial |
| 3 | IonQ | Trapped-ion quantum computers | $3.1B | 8 | October 2025 | $2.0B | Public equity offering | Heights Capital Management | IPO | Strong |
| 4 | Isomorphic Labs | AI drug discovery platform | $2.7B | 2 | May 2026 | $2.1B | Series B | Thrive Capital, Alphabet, GV | Active | Strong |
| 5 | Ginkgo Bioworks | Cell programming biofoundry platform | $2.4B | 7 | September 2021 | $1.6B | SPAC/PIPE | Soaring Eagle, PIPE investors, public-market investors | IPO | Strong |
| 6 | Sierra Space | Commercial spaceplanes and stations | $2.2B | 3 | March 2026 | $550M | Series C | LuminArx, General Atlantic, Coatue | Active | Full |
| 7 | Redwood Materials | Battery recycling and materials | $2.2B | 5 | January 2026 | $425M | Series E | Eclipse, NVentures, Google | Active | Strong |
| 8 | Physical Intelligence | General robot AI software | $1.9B | 4 | July 2026 | $800M | Series C | Thrive Capital, Jeff Bezos, NVIDIA | Active | Partial |
| 9 | Figure AI | Humanoid general-purpose robots | $1.8B+ | 4 | September 2025 | $1.0B+ | Series C | Parkway Venture Capital, Brookfield, NVIDIA | Active | Strong |
| 10 | Skild AI | Robotics foundation models | $1.8B | 4 | January 2026 | $1.4B | Series C | SoftBank, NVentures, Bezos Expeditions | Active | Strong |
| 11 | Groq | AI inference chips | $1.8B | 5 | September 2025 | $750M | Series E | BlackRock, Tiger Global, D1 Capital | Active | Strong |
| 12 | Quantum Systems | AI-powered defense drones | $1.7B | 5 | July 2026 | $1.2B | Series D | Blackstone, Noteus, Airbus | Active | Strong |
| 13 | PsiQuantum | Photonic quantum computers | $1.7B | 5 | September 2025 | $1.0B | Series E | BlackRock, Temasek, Baillie Gifford | Active | Partial |
| 14 | Moore Threads | Chinese GPU chips | $1.7B | 6 | December 2025 | $1.1B | IPO | Public investors | IPO | Partial |
| 15 | Sana Biotechnology | Engineered cell therapies | $1.6B | 5 | May 2026 | $69M | ATM / Post-IPO Equity | Mayo Clinic, Public market investors | IPO | Partial |
| 16 | SambaNova Systems | Enterprise AI chip systems | $1.5B | 5 | February 2026 | $350M | Series E | Vista Equity Partners, Cambium Capital, Intel Capital | Active | Strong |
| 17 | Firefly Aerospace | Launch, lunar, orbital spacecraft | $1.5B | 5 | August 2025 | $868M | IPO | Public-market investors | IPO | Partial |
| 18 | Zipline | Autonomous drone delivery logistics | $1.4B | 7 | January 2026 | $600M+ | Late-stage equity | Fidelity, Baillie Gifford, Tiger Global | Active | Strong |
| 19 | Relativity Space | 3D-printed reusable rockets | $1.3B | 5+ | March 2025 | Undisclosed | Control recapitalization | Eric Schmidt | Acquired | Partial |
| 20 | Sila Nanotechnologies | Silicon battery anode materials | $1.3B | 8 | June 2024 | $375M | Series G | Sutter Hill Ventures, T. Rowe Price, Bessemer | Active | Partial |
| 21 | Cambricon Technologies | AI chips and accelerators | $1.3B | 5 | October 2025 | $559M | Private placement / PIPE | Alibaba, Lenovo, SDIC Venture Capital | IPO | Partial |
| 22 | ElevateBio | Cell and gene therapy platform | $1.2B | 4 | May 2023 | $401M | Series D | AyurMaya, Matrix Capital, Novo Nordisk | Active | Full |
| 23 | Form Energy | Multi-day iron-air batteries | $1.2B | 6 | October 2024 | $405M | Series F | T. Rowe Price, GE Vernova, Breakthrough Energy Ventures | Active | Strong |
| 24 | Recursion | AI-enabled drug discovery | $1.2B | 7 | June 2024 | $200M | Public Offering | Goldman Sachs, J.P. Morgan, NVIDIA | IPO | Strong |
| 25 | Generate:Biomedicines | AI-designed protein therapeutics | $1.1B | 4 | February 2026 | $400M | IPO | Public-market investors | IPO | Strong |
| 26 | Tenstorrent | AI chips and RISC-V IP | $1.0B | 5 | December 2024 | $693M+ | Series D | Samsung Securities, AFW Partners, XTX Markets | Active | Strong |
| 27 | Apptronik | Builds humanoid robots | $1.0B | 3 | February 2026 | $520M | Series A-X | Google, Mercedes-Benz, QIA | Active | Strong |
| 28 | Shield AI | Autonomous defense aircraft software | $1.0B | 8 | March 2025 | $240M | Series F-1 | L3Harris, Hanwha Asset Management, Andreessen Horowitz | Active | Partial |
| 29 | Vast | Commercial space stations | $1.0B | 2 | March 2026 | $300M | Series A | Balerion Space Ventures, QIA, Mitsui | Active | Partial |
| 30 | Planet Labs | Daily Earth imaging satellites | $906M | 7 | December 2021 | $545M | SPAC / PIPE | BlackRock, Koch Strategic Platforms, Google | IPO | Strong |
| 31 | Geek+ | Warehouse autonomous mobile robots | $880M | 10 | July 2025 | $348M | IPO | Public-market investors, Warburg Pincus, Vertex Growth | IPO | Partial |
| 32 | Skydio | Autonomous drones and software | $854M | 10 | April 2026 | $110M | Series F | Andreessen Horowitz, Linse Capital, KDDI | Active | Strong |
| 33 | Lightmatter | Photonic AI computing chips | $850M | 6 | October 2024 | $400M | Series D | T. Rowe Price, Fidelity, GV | Active | Strong |
| 34 | Astranis | Builds MicroGEO satellites | $808M | 5 | May 2026 | $300M | Series E | Snowpoint Ventures, Franklin Templeton, a16z | Active | Strong |
| 35 | XtalPi | AI drug discovery robotics | $785M | 8 | June 2024 | $127M | IPO | Public investors, Tencent, Sequoia China | IPO | Partial |
| 36 | SiFive | RISC-V processor IP | $765M | 7 | April 2026 | $400M | Late-stage / Series G | Atreides, Nvidia, Apollo Global | Active | Strong |
| 37 | Solid Power | Solid-state EV batteries | $750M | 3 | December 2021 | $600M | SPAC / IPO | BMW, Ford, Koch Strategic Platforms | IPO | Partial |
| 38 | Enflame Technology | AI cloud-training chips | $746M | 6 | September 2023 | $274M | Series D | Shanghai International Group, CPE, Tencent | Active | Strong |
| 39 | Symbotic | Warehouse robotics automation | $725M | 1 | June 2022 | $725M | SPAC / PIPE IPO | SoftBank Vision Fund 2, Walmart, SVF Investment Corp. 3 | IPO | Low |
| 40 | Graphcore | AI accelerator chips | $682M | 6 | December 2020 | $222M | Series E | Ontario Teachers’, Atomico, Sequoia | Acquired | Partial |
| 41 | Berkshire Grey | Warehouse robotic automation systems | $676M | 2 | July 2021 | $413M | SPAC / PIPE | SoftBank, Khosla Ventures, BlackRock | Acquired | Partial |
| 42 | AbCellera | Discovers therapeutic antibodies | $671M | 3 | December 2020 | $555M | IPO | Public investors | IPO | Strong |
| 43 | Insitro | ML drug discovery | $643M | 3 | March 2021 | $400M | Series C | CPP Investments, Andreessen Horowitz, T. Rowe Price | Active | Full |
| 44 | Agility Robotics | Builds warehouse humanoid robots | $641M | 5 | June 2025 | $400M | Series C | Humanoid Global, NVIDIA, Amazon | Active | Partial |
| 45 | Black Sesame Technologies | Autonomous driving AI chips | $633M | 11 | August 2024 | $133M | IPO | SummitView Capital, Xiaomi, Tencent | IPO | Partial |
| 46 | ArsenalBio | Engineers cancer cell therapies | $630M | 3 | September 2024 | $325M | Series C | ARCH Venture Partners, Regeneron Ventures, NVentures | Active | Full |
| 47 | Lyten | Lithium-sulfur batteries and graphene | $610M | 3 | July 2025 | $200M | Series C | Prime Movers Lab, Stellantis, FedEx | Active | Partial |
| 48 | Axiom Space | Commercial space stations and spacesuits | $600M | 6 | March 2026 | $100M | Strategic growth equity | Aljazira Capital, Boryung, 4iG | Active | Partial |
| 49 | IQM Quantum Computers | Superconducting quantum computers | $600M | 4+ | September 2025 | $320M | Series B | Ten Eleven Ventures, Tesi, World Fund | Active | Partial |
| 50 | Celestial AI | Photonic interconnects for AI infrastructure | $581M | 4 | March 2025 | $250M | Series C1 | Fidelity, Koch Disruptive Technologies, AMD Ventures | Acquired | Strong |
| 51 | Tessera Therapeutics | Gene writing medicines | $580M | 3 | April 2022 | $300M+ | Series C | ADIA, T. Rowe Price, SoftBank Vision Fund 2 | Active | Strong |
| 52 | HawkEye 360 | RF satellite intelligence | $560M | 8 | March 2026 | $23M | Later financing | NightDragon, Insight Partners, BlackRock | Active | Partial |
| 53 | Xanadu | Photonic quantum computers | $552M | 5 | March 2026 | $302M | IPO / de-SPAC | Crane Harbor, Georgian, Bessemer | IPO | Strong |
| 54 | Insilico Medicine | AI drug discovery | $518M | 5 | June 2025 | $123M | Series E | Value Partners, Warburg Pincus, Qiming | Active | Strong |
| 55 | Oxford Quantum Circuits | Superconducting quantum computers | $499M | 4 | June 2026 | $350M | Series C | Bullhound Capital, British Business Bank, Chevron | Active | Full |
| 56 | GreyOrange | Warehouse robotics automation | $480M | 7 | February 2025 | $55M | Unattributed VC | Anthelion Capital, Mithril, BlackRock | Active | Partial |
| 57 | Stoke Space | Fully reusable launch vehicles | $480M | 4 | January 2025 | $260M | Series C | Breakthrough Energy Ventures, Glade Brook, Industrious Ventures | Active | Full |
| 58 | eGenesis | Gene-edited transplant organs | $454M | 4 | September 2024 | $191M | Series D | Lux Capital, ARCH Ventures, Khosla Ventures | Active | Strong |
| 59 | d-Matrix | AI inference chips | $450M | 4 | November 2025 | $275M | Series C | Bullhound Capital, Triatomic Capital, Temasek | Active | Strong |
| 60 | Exotec | Warehouse automation robots | $446M | 4 | January 2022 | $335M | Series D | Goldman Sachs, Bpifrance, 83North | Active | Strong |
| 61 | Metagenomi | Gene editing therapeutics platform | $444M | 5 | February 2024 | $94M | IPO | J.P. Morgan, Jefferies, TD Cowen | IPO | Full |
| 62 | Locus Robotics | Warehouse autonomous mobile robots | $437M | 7 | November 2022 | $117M | Series F | Goldman Sachs, G2VP, Stack Capital | Active | Strong |
| 63 | Colossal Biosciences | De-extinction genetic engineering | $435M | 4 | January 2025 | $200M | Series C | TWG Global, Thomas Tull, Mark Walter | Active | Full |
| 64 | Isar Aerospace | Small satellite launch vehicles | $418M | 5 | June 2024 | $70M | Series C extension | NATO Innovation Fund, Porsche SE, Earlybird | Active | Strong |
| 65 | Boston Metal | Green steel electrolysis technology | $407M | 4 | May 2026 | $75M | Growth equity | ArcelorMittal, Breakthrough Energy Ventures, Tata Steel | Active | Partial |
| 66 | True Anomaly | Space security systems | $390M | 4 | April 2025 | $260M | Series C | Accel, Meritech, Eclipse | Active | Partial |
| 67 | Hailo | Edge AI chips | $341M | 6 | April 2024 | $120M | Series C extension | Poalim Equity, OurCrowd, ABB Technology Ventures | Active | Full |
| 68 | Pasqal | Neutral-atom quantum computers | $335M | 3 | March 2026 | $196M | Private equity | CMA CGM, Quanta Computer, LG Electronics | Active | Strong |
| 69 | Loft Orbital | Space infrastructure as a service | $326M | 3 | January 2025 | $170M | Series C | Tikehau Capital, Axial Partners, Bpifrance | Active | Strong |
| 70 | Lilac Solutions | Direct lithium extraction technology | $316M | 4 | February 2024 | $145M | Series C | Mercuria, Lowercarbon Capital, BEV | Active | Strong |
| 71 | D-Wave Quantum | Quantum computing systems | $296M | 14 | August 2022 | $40M | PIPE | PSP Investments, Goldman Sachs, NEC | IPO | Partial |
| 72 | Dexterity | Warehouse robotics automation | $291M | 3 | March 2025 | $95M | Venture Round | Lightspeed, Sumitomo, Kleiner Perkins | Active | Partial |
| 73 | Rigetti Computing | Superconducting quantum computers | $278M | 7 | April 2025 | $35M | Post-IPO Equity | Quanta Computer | IPO | Strong |
| 74 | AMP Robotics | Automates recycling sortation | $268M | 5 | December 2024 | $91M | Series D | Congruent Ventures, Liberty Mutual, Sequoia | Active | Strong |
| 75 | Mammoth Biosciences | CRISPR gene editing tools | $263M | 4 | September 2021 | $150M | Series D | Redmile Group, Foresite Capital, Mayfield | Active | Strong |
| 76 | Quantum Machines | Quantum control systems | $263M | 5 | February 2025 | $170M | Series C | PSG Equity, Intel Capital, Red Dot Capital | Active | Full |
| 77 | Infleqtion | Atom-based quantum systems | $249M | 4 | June 2025 | $100M | Series C | Glynn Capital, Counterpoint Global, S32 | Active | Strong |
| 78 | QuEra Computing | Neutral-atom quantum computers | $247M | 4 | September 2025 | Undisclosed | Series B Extension | NVentures, SoftBank Vision Fund 2, Google | Active | Partial |
| 79 | Unitree Robotics | Humanoid and quadruped robots | $237M | 6+ | June 2025 | $98M | Series C | Tencent, Alibaba, Ant Group | Active | Partial |
| 80 | Fourier Intelligence | Rehabilitation and humanoid robots | $234M | 5 | August 2025 | $42M | Series E extension | Runyang Technology, Prosperity7, Guoxin Investment | Active | Partial |
| 81 | Covariant | AI warehouse robotics | $222M | 5 | April 2023 | $75M | Series C Extension | Radical Ventures, Index Ventures, CPP Investments | Acquired | Full |
| 82 | D-Orbit | Space logistics services | $219M | 5 | January 2026 | $53M | Series D | Azimut Group, Seraphim Space, CDP Venture Capital | Active | Partial |
| 83 | Mujin | Industrial robot automation | $218M | 2 | December 2025 | $133M | Series D | NTT Group, Qatar Investment Authority, Salesforce Ventures | Active | Partial |
| 84 | The Exploration Company | Reusable space capsules | $210M | 3 | November 2024 | $160M | Series B | Balderton, Plural, Bessemer | Active | Full |
| 85 | Alif Semiconductor | Makes edge AI chips | $186M | 3 | March 2022 | $113M | Series C | Lightspeed Venture Partners, WRVI Capital, Kleiner Perkins | Active | Partial |
| 86 | Atom Computing | Neutral-atom quantum computers | $180M | 4 | June 2026 | $100M | Series C | Third Point Ventures, DCVC, Cisco Investments | Active | Strong |
| 87 | Classiq | Quantum software platform | $180M | 5 | November 2025 | Undisclosed | Series C Extension | Entrée Capital, SoftBank, CDP Venture Capital | Active | Strong |
| 88 | Capella Space | SAR earth observation satellites | $176M | 8 | January 2023 | $60M | Growth equity | NightDragon, Spark Capital, DCVC | Acquired | Partial |
| 89 | Kneron | Edge AI chips | $170M | 5 | September 2023 | $49M | Series B extension | Foxconn, HH-CTBC, Alltek | Active | Partial |
| 90 | ANYbotics | Builds inspection robot dogs | $152M | 4 | September 2025 | $20M | Series B extension | Bessemer, NGP Capital, Qualcomm Ventures | Active | Strong |
| 91 | Collaborative Robotics | Practical collaborative robots | $140M | 3 | April 2024 | $100M | Series B | General Catalyst, Sequoia, Khosla Ventures | Active | Full |
| 92 | Alice & Bob | Builds quantum computers | $137M | 3 | January 2025 | $104M | Series B | Future French Champions, AVP, Bpifrance | Active | Full |
| 93 | Riverlane | Quantum error correction chips | $118M | 4 | August 2024 | $75M | Series C | Planet First Partners, ETF Partners, EDBI | Active | Full |
| 94 | Sanctuary AI | General-purpose humanoid robots | $100M | 4+ | January 2025 | $3M | Later VC / Strategic | Workday Ventures, BDC, InBC | Active | Partial |
| 95 | Quandela | Photonic quantum computers | $71M | 3 | November 2023 | $54M | Series B | Serena, Crédit Mutuel Innovation, EIC Fund | Active | Strong |
| 96 | SEEQC | Quantum computing chips | $64M | 13 | January 2025 | $30M | Series A Extension | NordicNinja, Booz Allen Ventures, SIP Capital | Active | Partial |
| 97 | Universal Quantum | Scalable quantum computers | $5M | 1 | June 2020 | $5M | Seed | Hoxton Ventures, Village Global, 7percent Ventures | Active | Partial |
| 98 | Astrobotic | Builds lunar robotics | $3M | 1 | May 2016 | $3M | Seed | Space Angels Network | Active | Low |
Key funding trends in the deep tech market
Insights
- The top 10 deep tech startups capture about 67.7% of all identified funding, showing how strongly capital concentrates around infrastructure-scale platforms.
- SpaceX is a major outlier, but the deep tech market is still highly concentrated without it, with Cerebras Systems, IonQ, Isomorphic Labs, and Ginkgo Bioworks all above $2B.
- Quantum computing has become one of the deepest funding pools in deep tech, with major capital spread across hardware, control software, error correction, and enabling systems.
- AI chips and compute infrastructure are a clear investor priority, with Cerebras Systems, Groq, SambaNova Systems, Tenstorrent, Lightmatter, and SiFive all reaching large funding totals.
- Humanoid and general robotics funding is accelerating, with Physical Intelligence, Figure AI, Skild AI, Apptronik, Agility Robotics, and Unitree Robotics showing strong investor appetite.
- Biotech remains one of the broadest deep tech categories, with large rounds across AI drug discovery, cell therapy, gene editing, antibody discovery, and synthetic biology platforms.
- Space infrastructure is no longer only about launch, as investors are also funding satellites, space stations, space logistics, lunar systems, and in-orbit services.
- Climate-focused deep tech remains resilient, with Redwood Materials, Form Energy, Sila Nanotechnologies, Lyten, Lilac Solutions, and AMP Robotics covering batteries, materials, lithium, and recycling.
- Large rounds are common even before traditional late-stage maturity, which suggests deep tech investors increasingly accept long timelines when the platform opportunity is large enough.
- Strategic investors appear often in the deep tech ranking, especially Google, NVIDIA, SoftBank, Fidelity, T. Rowe Price, GV, and major industrial groups.
A few word about our methodology
As you can see, we built a database that ranks startups in the deep tech market based on their total cumulative fundraising. To create this ranking, we reviewed many sources and cross-checked information across multiple places.
Whenever possible, we prioritized official company communications, since official announcements are usually the most reliable source for funding amounts. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times or Forbes, to name a few.
We excluded random blogs, unverified websites, and any sources that could not be validated.
When funding rounds were announced in other currencies such as euros, Swiss francs, Singapore dollars, Australian dollars, or rupees, we converted them into approximate USD equivalents for consistency.
Sometimes different sources report slightly different numbers, or the exact round size is not fully disclosed. In those cases, we flag the uncertainty and assign a confidence label to each startup, visible in the last column.
Here is what they mean.
Full confidence: The company’s equity fundraising history can be reconstructed completely from public sources. The rounds, dates, amounts, and key investors are clearly identified, with no meaningful gaps.
Strong confidence: The fundraising history is largely complete and reliable. There may be a small missing detail, such as incomplete investor information or a minor round with limited data, but the overall record is clear.
Partial confidence: The main fundraising rounds can be identified, but the record is incomplete or somewhat mixed. Some rounds may be missing or certain funding events may be difficult to separate clearly.
Low confidence: Public information is too limited, inconsistent, or ambiguous to reliably reconstruct the company’s equity fundraising history.
When the confidence level is too low, we take a conservative approach and may exclude the company from future versions of the ranking. We don’t want to include data that cannot be reliably verified.
In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.
If you want the full detail on a specific calculation, feel free to contact us and we will gladly explain.
Finally, know that we update the dataset once per month, so come back here if you need fresh information.
Related blog posts
- What are the key fundraising trends in the deep tech market?
- The highest-valued startups in the deep tech market
- What does funding activity look like in the deep tech market?
- A complete overview of funding deals in the deep tech market
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