Which startups have raised the most funding in the semiconductor industry?
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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 $1B | Cerebras Systems, Horizon Robotics, Groq, Biren Technology, Moore Threads, Tenstorrent |
| Semiconductor IPO-stage companies | 35 companies in the ranking |
| Semiconductor companies still active privately | 43 companies in the ranking |
This chart, featured in our semiconductor industry deck, shows annual venture capital investment in semiconductor startups
Top startups in the semiconductor industry ranked by total funding raised
Here is an updated table that ranks the top startups in the semiconductor industry based on the total amount of funding they have raised to date.
The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup’s current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected (we excluded startups with very low data confidence, to make sure everything is reliable).
If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the semiconductor industry ranked by valuation.
| # | Startup | What They Do | Total Raised ($) | 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 |
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.
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.
This chart, featured in our semiconductor industry deck, looks at TSMC’s strategy in semiconductors
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