Which startups have raised the most funding in the semiconductor industry?

Last updated: 13 July 2026

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The semiconductor industry is one of the most capital-intensive startup markets, with large funding rounds concentrated around AI chips, foundries, memory, and advanced connectivity.

This list ranks semiconductor startups and public-stage former startups by cumulative funding raised, and we update this list every month.

The ranking shows how AI compute, chip manufacturing, photonics, and automotive semiconductors are shaping where capital goes next.

And if you want to better understand this new industry, you can download our pitch covering the semiconductor industry.

A quick summary table

Metric Value
Most funded semiconductor startup Cerebras Systems, $8.5B
Second most funded semiconductor startup ChangXin Memory Technologies, $5.3B
Largest semiconductor funding round Cerebras Systems, $5.5B IPO in May 2026
Median funding About $342M
Share of funding captured by the top 10 About 41%
Median time since last round About 18 months
Startups that raised funding in the last 12 months 36 companies
AI chip funding leaders above $1B Cerebras Systems, Horizon Robotics, Groq, Biren Technology, Moore Threads, Tenstorrent
Semiconductor IPO-stage companies 35 companies in the ranking
Semiconductor companies still active privately 43 companies in the ranking
Chart showing annual venture capital investment in semiconductor startups

This chart, featured in our semiconductor industry deck, shows annual venture capital investment in semiconductor startups

Top startups in the semiconductor industry ranked by total funding raised

Here is an updated table that ranks the top startups in the semiconductor industry 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 (we excluded startups with very low data confidence, to make sure everything is reliable).

If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the semiconductor industry ranked by valuation.

# Startup What They Do Total Raised ($) Total Rounds Last Round Date Last Round Amount ($) Last Round Type Key Investors Current Stage Confidence
1 Cerebras Systems Wafer-scale AI accelerators $8.5B 10 May 2026 $5.5B IPO Public-market investors IPO Strong
2 ChangXin Memory Technologies DRAM memory chips $5.3B 9 2024 $1.5B Pre-IPO GigaDevice, CCB Financial Asset Investment, Hefei Changxin IC Active Partial
3 Horizon Robotics Automotive AI chips $4.1B 7+ September 2025 $821M PIPE 5Y Capital, Hillhouse Capital, CARIAD IPO Partial
4 GTA Semiconductor Automotive power foundry $3.3B 5 December 2025 $140M Late-stage capital increase CICC Capital, CEC Smart Fund, Xiamen Venture Capital Active Partial
5 Hua Hong Semiconductor Specialty semiconductor foundry $3.3B 2 August 2023 $3.0B IPO Public investors, Big Fund-linked buyers IPO Partial
6 Groq AI inference chips and cloud $2.4B 6 June 2026 $650M Growth Disruptive, Infinitum Active Strong
7 Unisoc Mobile and IoT SoCs $1.9B 5 September 2024 $276M Private Equity China Securities, Hony Capital, Bank of Communications Acquired Strong
8 Biren Technology AI GPU chips $1.6B 7 January 2026 $717M IPO Qiming Venture Partners, IDG Capital, Walden International IPO Partial
9 Yangtze Memory Technologies NAND flash memory $1.5B 2 April 2025 $1.3B Parent strategic financing Wuhu Wenming Quanhong, Shanghai SOA, China Internet Investment Fund Active Partial
10 Nexchip 12-inch wafer foundry $1.4B 1 May 2023 $1.4B IPO Public investors IPO Full
11 GlobalFoundries Global semiconductor foundry $1.4B 1 October 2021 $1.4B IPO BlackRock, Fidelity, Qualcomm IPO Strong
12 ASR Microelectronics Wireless baseband and IoT chips $1.4B 6 January 2022 $1.1B IPO Alibaba, Shanghai FTZ Fund, Sequoia Broadband IPO Strong
13 Montage Technology Memory interface and AI chips $1.4B 3 February 2026 $902M Hong Kong IPO J.P. Morgan, UBS, public investors IPO Partial
14 GigaDevice Memory, MCU, analog chips $1.3B 3 January 2026 $600M Hong Kong IPO GIC, Walden International, public investors IPO Partial
15 Moore Threads Domestic GPU chips $1.2B 9 December 2025 $1.1B IPO 5Y Capital, Sequoia China, Shanghai Guosheng IPO Partial
16 Tenstorrent AI and RISC-V processors $1.0B 7 December 2024 $693M Series D Samsung Securities, AFW Partners, LG Electronics Active Strong
17 Innoscience GaN power semiconductor manufacturer $1.0B 6 December 2024 $180M IPO CMBI, Addor Capital, Haitong Leading Capital IPO Partial
18 MetaX Integrated Circuits AI GPGPU chips $915M 5 December 2025 $596M IPO Sequoia China, Matrix Partners China, Chaos Investment IPO Partial
19 Rebellions AI inference chips $850M 6 March 2026 $400M Pre-IPO Mirae Asset Financial Group, Korea National Growth Fund Active Strong
20 Lightmatter Photonic AI interconnects $850M 9 October 2024 $400M Series D T. Rowe Price, Fidelity, GV Active Strong
21 Ayar Labs Optical chip interconnects for AI $845M 6 March 2026 $500M Series E Neuberger Berman, NVIDIA, AMD Active Strong
22 Iluvatar CoreX AI GPU chips $806M 6 January 2026 $472M IPO Centurium Capital, Cedarlake Capital, HOPU Fund IPO Strong
23 OmniVision Technologies CMOS image sensor chips $801M 3 January 2026 $616M Hong Kong IPO UBS, CICC, public investors Acquired Partial
24 Kioxia NAND flash memory $800M 1 December 2024 $800M IPO Public investors IPO Strong
25 FuriosaAI Data-center AI processors $779M 5 May 2026 $533M Pre-IPO / Strategic equity South Korea National Growth Fund Active Partial
26 Bestechnic Low-power wireless SoCs $744M 5 December 2020 $744M IPO Alibaba Group, Xiaomi, Arm Accelerator IPO Partial
27 Black Sesame Technologies Automotive AI SoC platforms $702M 8 January 2026 $69M PIPE Xiaomi, SummitView Capital, SAIC Capital IPO Partial
28 Graphcore IPU AI accelerators $684M 6 December 2020 $222M Series E Ontario Teachers’ Pension Plan, Fidelity International, Schroders Acquired Strong
29 Ambiq Ultra-low-power edge AI chips $660M 22 June 2026 $179M Follow-on offering Public investors, BofA Securities, UBS IPO Partial
30 SemiDrive Automotive SoC chips $655M 8 May 2026 $100M Series C JITI, Shaanxi Automobile Hongde, Yizhuang VC Active Strong
31 MatX LLM training chips $605M 3 February 2026 $500M Series B Jane Street, Situational Awareness, Spark Capital Active Full
32 Celestial AI Photonic AI fabric $589M 6 March 2025 $250M Series C1 Fidelity, BlackRock, Tiger Global Active Strong
33 GalaxyCore Image sensors and drivers $562M 3 August 2021 $554M IPO Qualcomm Ventures, Ivy Capital, Walden International IPO Partial
34 Cambricon AI processor chips $469M 4 July 2020 $368M IPO SDIC Venture Capital, Alibaba, Lenovo Capital IPO Partial
35 X-FAB Silicon Foundries Analog mixed-signal specialty foundry $455M 1 April 2017 $455M IPO BNP Paribas, HSBC, Credit Suisse IPO Strong
36 Espressif Systems Wireless IoT chip platforms $429M 4 September 2025 $244M Private Placement AEGON-Industrial, Wisdomshire, Intel Capital IPO Strong
37 d-Matrix Digital in-memory AI inference $429M 3 November 2025 $275M Series C Bullhound Capital, Triatomic Capital, Temasek Active Partial
38 indie Semiconductor Automotive semiconductor platforms $400M 2+ June 2021 $400M SPAC / PIPE Thunder Bridge Acquisition II, PIPE investors, Walden CEL IPO Partial
39 Upscale AI AI networking chips $390M 2 June 2026 $190M Extension / equity round Nvidia, Salesforce Ventures, Tiger Global Active Partial
40 Axelera AI Edge AI acceleration chips $381M 5 February 2026 $250M Growth equity Innovation Industries, BlackRock, SiteGround Capital Active Strong
41 Amlogic Multimedia SoC chips $375M 8 August 2019 $224M IPO IDG Capital, Walden International, VStone Capital IPO Partial
42 Navitas Semiconductor GaN power integrated circuits $370M 5 October 2021 $320M SPAC / PIPE Live Oak II, Atlantic Bridge, PIPE investors IPO Strong
43 Loongson Technology Domestic CPU processors $357M 2 June 2022 $357M IPO Public investors IPO Strong
44 SiMa.ai Edge AI system-on-chip $355M 7 August 2025 $85M Series C Maverick Capital Active Partial
45 Innovium Data-center Ethernet switch silicon $350M 5 July 2020 $170M Series E DFJ Growth, BlackRock, Premji Invest Acquired Strong
46 Alif Semiconductor Edge AI microcontrollers $342M 4 April 2025 $155M Series D Kleiner Perkins, Lightspeed, WRVI Capital Active Partial
47 Hailo Edge AI processors $341M 6 April 2024 $120M Series C extension Alfred Akirov, OurCrowd, Poalim Equity Active Strong
48 Ampere Computing Cloud-native Arm CPUs $340M 2 2021 $300M Strategic equity Oracle Acquired Partial
49 Canaan Bitcoin mining ASICs $305M 4 November 2025 $72M Registered Direct Offering Brevan Howard, Galaxy Digital, Weiss Asset Management IPO Strong
50 Positron AI AI inference hardware $305M 3 February 2026 $230M Series B ARENA, Jump Trading, Unless Active Full
51 Tachyum Universal processor chips $300M 3 October 2025 $220M Series C Undisclosed European investor Active Partial
52 Nuvia Custom data-center CPU cores $293M 2 September 2020 $240M Series B Mithril Capital, BlackRock-managed funds, Temasek Acquired Full
53 Arbe Robotics 4D imaging radar chipsets $287M 7 January 2026 $18M Registered Direct Offering Catalyst CEL, BAIC Capital, M&G Investment Management IPO Strong
54 Mythic Analog AI inference chips $274M 5 December 2025 $125M Series D DCVC, Honda, Lockheed Martin Active Partial
55 Rivos RISC-V AI servers $250M 1 April 2024 $250M Series A-3 Matrix Capital, Intel Capital, MediaTek Active Strong
56 Enfabrica AI networking silicon fabric $240M 2 November 2024 $115M Series C Spark Capital, Cisco Investments, Samsung Catalyst Fund Active Full
57 Cornami Parallel AI processors $236M 15 August 2025 $1M Series D-II SoftBank Vision Fund 2, Applied Ventures, Impact Venture Capital Active Partial
58 Telink Semiconductor IoT wireless chips $232M 5 February 2026 $25M Follow-on equity Intel Capital, PENG Capital, Yangtze River Industry Fund IPO Partial
59 Astera Labs Cloud data connectivity chips $232M 5 November 2022 $150M Series D Fidelity, Atreides Management, Intel Capital IPO Strong
60 Aquantia Multi-gigabit Ethernet transceivers $230M 9 October 2015 $37M Series H Credit Suisse, GLOBALFOUNDRIES, Cisco Investments Acquired Partial
61 Kneron Edge AI chips $226M 10 September 2023 $49M Series B extension Foxconn, HH-CTBC, Alltek Technology Active Partial
62 Valens Semiconductor High-speed connectivity chipsets $215M 2+ September 2021 $155M SPAC / PIPE PTK Acquisition, Israel Growth Partners, Samsung Catalyst Fund IPO Partial
63 Empower Semiconductor Integrated voltage regulators for AI $215M 3 September 2025 $140M Series D Fidelity, CapitalG, Walden Catalyst Ventures Active Strong
64 Icera Wireless modem chips $205M 9 June 2011 $5M Late-stage equity Accel, Atlas Venture, Benchmark Acquired Partial
65 Morse Micro Wi-Fi HaLow IoT chips $193M 6 September 2025 $59M Series C MegaChips, NRFC, Blackbird Active Partial
66 Calterah Semiconductor Millimeter-wave radar chips $172M 7 March 2026 $145M Series E SINO-IC Capital, Guoxin Venture Capital, Walden International Active Partial
67 EFFECT Photonics Integrated optical chips $166M 12 June 2025 $24M Series D-II Innovation Industries, Invest-NL, Smile Invest Active Partial
68 Everactive Batteryless industrial IoT sensors $165M 8 August 2024 $11M Series C Extension Fluke, NEA, ABB Technology Ventures Active Strong
69 Atmosic Technologies Ultra-low-power IoT chips $162M 4 March 2025 $40M Series D Sutter Hill Ventures, Clear Ventures, Quantum Innovation Fund Active Strong
70 Blaize Edge AI processors $155M 4 July 2021 $71M Series D Franklin Templeton, Temasek, DENSO IPO Strong
71 Untether AI AI inference acceleration $152M 5 July 2021 $125M Series B Tracker Capital, Intel Capital, CPP Investments Shutdown Partial
72 StarFive Technology RISC-V chip platforms $146M 2 March 2025 Undisclosed Strategic investment Baidu, HKIC Active Partial
73 Uhnder Digital automotive radar chips $145M 4 February 2024 $50M Series D ACME Capital, Magna, Qualcomm Ventures Active Strong
74 Zhaoxin x86-compatible CPU chips $145M 1 September 2022 $145M Series A+ Sun Rock Capital, Shanghai State-Owned Assets, China Insurance Investment Active Strong
75 EnCharge AI Analog in-memory AI chips $144M 3 February 2025 $100M Series B Tiger Global, Samsung Ventures, HH-CTBC Active Strong
76 Gowin Semiconductor FPGA chip solutions $132M 2 July 2026 Undisclosed Pre-IPO Guangzhou Bay Area Semiconductor, Shanghai Semiconductor Fund, Guangdong Macao Semiconductor Active Partial
77 Goodix Technology Touch and biometric chips $131M 2 October 2016 $131M IPO MediaTek, public investors IPO Partial
78 Achronix Semiconductor FPGA acceleration chips $122M 3 March 2011 $45M Series C Battery Ventures, New Science Ventures, Argonaut Active Strong
79 eSilicon Custom ASIC design services $118M 12 July 2017 $15M Series G Crosspoint, Investor Growth Capital, Crescendo Ventures Acquired Partial
80 Retym Coherent DSPs for AI networks $115M 2 March 2025 $75M Series D Spark Capital, Kleiner Perkins, Mayfield Active Partial
81 Beken Wireless connectivity ICs $96M 2 April 2019 $96M IPO SummitView, Hua Capital, GoldStone IPO Partial
82 pSemi RF SOI chips $95M 2 August 2012 $77M IPO Morgenthaler, Ridgewood Capital, public investors Acquired Strong
83 Allwinner Technology Application processor SoCs $82M 1 May 2015 $82M IPO Public investors IPO Strong
84 Flex Logix Embedded FPGA and AI IP $82M 4 March 2021 $55M Series D Mithril Capital, Lux Capital, Eclipse Ventures Acquired Partial
85 Esperanto Technologies RISC-V AI processors $63M 3 November 2018 $58M Series B Western Digital Capital, Comet Labs, Fort Ross Ventures Shutdown Strong
86 Rockchip AIoT processor SoCs $58M 2 January 2020 $58M IPO Public investors IPO Partial
87 Kinara Edge AI neural processors $54M 2 September 2021 $35M Series B Tiger Global, Exfinity Venture Partners, Western Digital Acquired Partial
88 Ambarella Edge AI vision chips $51M 2 October 2012 $36M IPO Benchmark, Matrix Partners, WRV Capital IPO Strong
89 Rain AI Neuromorphic AI chips $38M 3 May 2024 $8M Series A extension Sam Altman, Prosperity7, Epic Venture Partners Active Partial
90 InvenSense MEMS motion sensor chips $38M 3 April 2008 $19M Series C Sierra Ventures, Artiman Ventures, Qualcomm Ventures Acquired Full
91 GrAI Matter Labs Neuromorphic edge AI processors $29M 2 November 2020 $14M Series A Extension iBionext, Bpifrance, Celeste Management Acquired Full
92 GreenWaves Technologies Ultra-low-power AI processors $8M 6 February 2019 $8M Series A Huami, Soitec, Innovacom Active Partial
Market map chart showing top companies and startups in the semiconductor industry

This market map, featured in our semiconductor industry deck, highlights top companies and startups in the semiconductor industry

Key funding trends in the semiconductor industry

Insights

  • Cerebras Systems is the clear semiconductor funding outlier, with $8.5B raised, more than Groq, Unisoc, Nexchip, GlobalFoundries, and ASR Microelectronics combined.
  • The ten highest-funded semiconductor companies captured about $33.3B, or roughly 41% of the reconstructed funding pool, showing how concentrated chip funding remains at the top.
  • AI compute is the main capital magnet in the semiconductor industry, with Cerebras Systems, Groq, Tenstorrent, Rebellions, MatX, Positron AI, and Hailo all attracting large rounds.
  • Photonic and AI networking companies such as Lightmatter, Ayar Labs, Celestial AI, Enfabrica, and Astera Labs raised about $2.8B, which shows that AI scaling is also an interconnect problem.
  • Semiconductor IPOs remain central to funding formation, with many mature chip companies raising most of their tracked capital through IPOs, PIPEs, and follow-on offerings.
  • Automotive semiconductors form a strong second theme, with Horizon Robotics, GTA Semiconductor, Black Sesame Technologies, SemiDrive, Arbe Robotics, and Uhnder covering AI chips, radar, and power components.
  • MatX reached $605M in only three rounds, one of the fastest ramps in the semiconductor dataset, helped by a $500M Series B in February 2026.
Google Trends chart showing rising interest in semiconductors

As this chart shows, and as featured in our semiconductor industry deck, search interest in semiconductors has been rising steadily

A few word about our methodology

As you can see, we built a database that ranks startups in the semiconductor industry 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 they are 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 exclude the company from the ranking. We don’t want to include data that cannot be reliably verified.

This reflects how we conduct all our research, including the work behind our report covering the semiconductor industry.

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.

Chart showing TSMC’s strategy in the semiconductor industry

This chart, featured in our semiconductor industry deck, looks at TSMC’s strategy in semiconductors

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