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

Last updated: 9 June 2026

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The semiconductor industry is one of the most capital-intensive startup markets in the world, with companies raising billions to build AI chips, memory, photonics, foundries, automotive processors, power semiconductors, and edge AI hardware.

This ranking is a constantly refreshed list of the top startups in the semiconductor industry, ordered by cumulative funding raised, and we update it every month.

The goal is simple: help founders, investors, and analysts see where the largest pools of semiconductor capital are going.

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 startup Yangtze Memory Technologies, with $25.3B raised
Second most funded startup Cerebras Systems, with $9.3B raised
Largest funding round Cerebras Systems, $6.4B IPO in May 2026
Median funding About $338M across the reliable semiconductor startup set
Share of funding captured by the top 10 About 62% of total funding in this ranking
Median time since last round About 19 months
Startups that raised funding in the last 12 months 34 semiconductor startups
AI semiconductor funding concentration AI chip, AI interconnect, and AI networking companies represent a major share of recent large rounds
Semiconductor IPO activity Public-market paths remain common among memory, foundry, sensor, and infrastructure companies
Semiconductor manufacturing depth Memory, foundry, and wafer infrastructure companies account for a large share of total capital raised
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 Yangtze Memory Technologies 3D NAND memory manufacturer $25.3B 2 April 2025 $1.3B Strategic equity Yangyuan Zhihui, ABC Financial Asset Investment, CCB Financial Asset Investment Active Partial
2 Cerebras Systems Wafer-scale AI chips $9.3B 10 May 2026 $6.4B IPO Morgan Stanley, Citigroup, Barclays IPO Strong
3 ChangXin Memory Technologies DRAM memory manufacturer $5.0B 6 March 2024 $1.5B Pre-IPO GigaDevice, Hefei state investors, CCB Financial Asset Investment Active Strong
4 Horizon Robotics Smart-vehicle AI chips $3.7B 6 September 2025 $821M PIPE / Top-up placement Alibaba, Baidu, Intel Capital IPO Partial
5 Hua Hong Semiconductor Specialty wafer foundry services $3.3B 2 August 2023 $3.0B IPO / A-share listing Tongfang Guoxin, Cypress Semiconductor Technology, Public investors IPO Strong
6 GTA Semiconductor Automotive analog IC foundry $3.1B 5 December 2025 Undisclosed Series D+ CEC Smart Fund, CLP CICC, Xiamen Venture Capital Active Strong
7 GlobalFoundries Global contract chip foundry $2.1B 2 October 2021 $1.4B IPO Mubadala, AMD, Public investors IPO Partial
8 Unisoc Mobile and connectivity chipsets $1.9B 9 December 2024 $276M Private Equity Oriza Puhua, state-backed funds Active Partial
9 Groq AI inference processors $1.8B 5 September 2025 $750M Series E Disruptive, BlackRock, Neuberger Berman Active Strong
10 Moore Threads China GPU chips $1.7B 6 December 2025 $1.1B IPO Shanghai Guosheng, 5Y Capital, Sequoia China IPO Partial
11 Nexchip 12-inch wafer foundry $1.7B 1 May 2023 $1.7B IPO Public investors IPO Partial
12 Biren Technology AI GPGPU accelerators $1.5B 4 January 2026 $717M IPO Qiming, Ping An, IDG Capital IPO Partial
13 ASR Microelectronics Wireless communication SoCs $1.4B 6 January 2022 $1.1B IPO Public investors IPO Partial
14 Montage Technology Memory interface chips $1.4B 7 February 2026 $901M IPO Public investors, CITIC Securities, Intel Capital IPO Strong
15 GigaDevice Flash memory and MCUs $1.3B 3 January 2026 $600M IPO Public investors, GIC, Walden International IPO Strong
16 Tenstorrent AI and RISC-V chips $1.2B 10 December 2024 $693M Series D Samsung Securities, AFW Partners, LG Active Partial
17 Iluvatar CoreX AI GPUs and accelerators $1.2B+ 8 January 2026 $475M IPO Public investors, Huatai, ZTE IPO Partial
18 Cambricon AI accelerator chips $1.0B+ 5 September 2025 $559M PIPE GF Fund, UBS, China Universal IPO Partial
19 Astera Labs AI data-center connectivity chips $943M 5 March 2024 $711M IPO Fidelity, Intel Capital, Sutter Hill IPO Partial
20 MetaX Integrated Circuits AI GPU chips $900M+ 6 December 2025 $596M IPO China Structural Reform Fund, Matrix Partners China, HongShan IPO Partial
21 Ayar Labs Co-packaged optical interconnects $870M 6 March 2026 $500M Series E Neuberger Berman, NVIDIA, Advent Active Strong
22 Rebellions AI inference chips $850M 6 March 2026 $400M Pre-IPO Mirae Asset Financial Group, Korea National Growth Fund Active Strong
23 Lightmatter Photonic AI interconnects $822M 6 October 2024 $400M Series D T. Rowe Price, Fidelity, GV Active Strong
24 Graphcore AI intelligence processors $767M 8 December 2020 $222M Series E Ontario Teachers’, Fidelity, Schroders Acquired Partial
25 Bestechnic Smart audio SoCs $744M 5 December 2020 $744M IPO Public investors, undisclosed private investors IPO Partial
26 Black Sesame Technologies Autonomous-driving AI chips $702M 8 January 2026 $69M PIPE Shanghai Daixu, SummitView Capital IPO Partial
27 Powerchip Semiconductor Manufacturing Taiwan memory and foundry chips $690M 2 December 2021 $260M IPO Public investors IPO Strong
28 OmniVision Technologies CMOS image sensors $681M 2 January 2026 $616M IPO Public investors, Qatar Investment Authority, GIC IPO Partial
29 MatX LLM AI chips $605M 3 February 2026 $500M Series B Jane Street, Situational Awareness, Spark Capital Active Strong
30 SemiDrive Automotive SoC chips $601M 6 May 2026 $100M Series C Jiangsu Industrial Technology Investment, Yizhuang State Investment, Shaanxi Auto Hongde Active Partial
31 Celestial AI Photonic AI interconnects $586M 5 March 2025 $250M Series C1 Fidelity, BlackRock, AMD Ventures Active Strong
32 GalaxyCore Image sensor chips $556M 3 August 2021 $554M IPO Public investors, Sequoia Capital, Walden International IPO Strong
33 Navitas Semiconductor GaN/SiC power semiconductors $550M 6 November 2025 $100M Private placement Not publicly disclosed IPO Partial
34 Ambiq Ultra-low-power edge AI chips $481M 15 July 2025 $96M IPO Taiwania Capital, Kleiner Perkins, EDBI IPO Partial
35 d-Matrix Data-center inference chips $450M 4 November 2025 $275M Series C Bullhound Capital, Triatomic Capital, Temasek Active Partial
36 indie Semiconductor Automotive semiconductor platforms $433M 6 June 2021 $400M SPAC / PIPE Thunder Bridge II, PIPE investors IPO Partial
37 Ampere Computing Arm server CPUs $426M 4 March 2021 $300M Corporate Equity Oracle, Carlyle, Arm Acquired Partial
38 Valens Semiconductor High-speed connectivity chips $407M 6 September 2021 $240M SPAC / PIPE PTK Acquisition, PIPE investors IPO Partial
39 Amlogic Multimedia SoC chips $375M 8 August 2019 $224M IPO Public investors IPO Partial
40 Axelera AI Edge AI accelerators $370M+ 4 February 2026 $250M+ Growth funding Innovation Industries, BlackRock, SiteGround Capital Active Strong
41 Rivos RISC-V AI servers $370M 2 April 2024 $250M Series A-3 Matrix Capital, Intel Capital, MediaTek Acquired Partial
42 Loongson Technology Domestic CPU processors $367M 2 June 2022 $367M IPO Public investors IPO Partial
43 SiMa.ai Edge AI SoC platform $355M 7 August 2025 $85M Series C Maverick Capital, StepStone Group, Fidelity Active Partial
44 Innovium Cloud Ethernet switching silicon $350M 5 July 2020 $170M Series E DFJ Growth, BlackRock, Premji Invest Acquired Partial
45 Hailo Edge AI accelerators $341M 6 April 2024 $120M Series C Extension Zisapel family, Gil Agmon, OurCrowd Active Strong
46 Canaan ASIC bitcoin mining chips $335M+ 6 November 2025 $72M Registered Direct / Strategic Equity BH Digital, Galaxy Digital, Weiss Asset Management IPO Partial
47 Innoscience GaN power semiconductors $315M 7 December 2024 $180M IPO Public investors IPO Partial
48 Positron AI AI inference hardware $305M 3 February 2026 $230M Series B ARENA, Jump Trading, Unless Active Full
49 Tachyum Universal AI/HPC processor $300M+ 3 October 2025 $220M Series C Undisclosed European investor Active Partial
50 Upscale AI AI networking infrastructure chips $300M+ 2 January 2026 $200M Series A Tiger Global, Premji Invest, Xora Innovation Active Strong
51 Nuvia Arm server CPUs $293M 2 September 2020 $240M Series B Mithril Capital, BlackRock, Fidelity Acquired Full
52 Mythic Analog AI processors $290M 5 December 2025 $125M Series D-style DCVC, Honda, Lockheed Martin Active Partial
53 Enfabrica AI networking silicon fabric $290M 3 November 2024 $115M Series C Spark Capital, Cisco Investments, Arm Active Partial
54 Blaize Edge AI compute chips $272M 5 November 2025 $30M PIPE Polar Asset Management Partners IPO Partial
55 Aquantia High-speed Ethernet transceivers $270M 10 November 2017 $71M IPO Credit Suisse, GlobalFoundries, Cisco Acquired Strong
56 X-FAB Silicon Foundries Analog mixed-signal specialty foundry $266M 1 April 2017 $266M IPO Public investors IPO Strong
57 Arbe Robotics 4D imaging radar chipsets $255M 8 January 2026 $19M Public offering AWM Investment Company IPO Strong
58 pSemi RF front-end semiconductor chips $255M 6 August 2012 $77M IPO Morgenthaler, Ridgewood Capital, Public investors Acquired Partial
59 FuriosaAI Datacenter AI accelerators $246M 4 July 2025 $125M Series C bridge Korea Development Bank, IBK, Kakao Investment Active Partial
60 Cornami Many-core privacy computing processors $236M 24 August 2025 $1M Series D-II Impact Venture Capital, Elysium, Cendana Active Partial
61 Telink Semiconductor Wireless IoT chips $231M 5 February 2026 $25M Private placement Public-market investors IPO Partial
62 Kneron Edge AI NPU chips $226M 10 September 2023 $49M Series B extension Foxconn HH-CTBC, Alltek, Horizons Ventures Active Partial
63 Empower Semiconductor AI processor power delivery $215M 3 September 2025 $140M Series D Fidelity, Maverick Silicon, CapitalG Active Full
64 Morse Micro Wi-Fi HaLow IoT chips $208M 6 September 2025 $59M Series C MegaChips, NRFC, Blackbird Active Partial
65 Uhnder Digital imaging radar chips $195M 4 February 2024 $50M Series D ACME Capital, Magna, Qualcomm Ventures Active Partial
66 Espressif Systems Wi-Fi Bluetooth IoT chips $185M 3 July 2019 $182M IPO Public investors, SAIF Partners, Intel Education Accelerator IPO Partial
67 Kioxia NAND flash memory $184M 1 December 2024 $184M IPO Public investors IPO Strong
68 Retym Coherent DSP networking chips $180M 4 March 2025 $75M Series D Spark Capital, Kleiner Perkins, Fidelity Active Partial
69 EFFECT Photonics Integrated coherent optical chips $174M 12 June 2025 $24M Series D extension Innovation Industries, Invest-NL, existing investors Active Partial
70 Atmosic Technologies Energy-harvesting wireless IoT chips $162M 4 March 2025 $40M Series D Sutter Hill Ventures, Clear Ventures, Quantum Innovation Fund Active Full
71 Everactive Batteryless industrial IoT sensors $161M 11 August 2024 $11M Later-stage equity Not publicly disclosed Active Partial
72 Untether AI At-memory AI accelerators $152M 5 July 2021 $125M Series B Tracker Capital, Intel Capital, CPP Investments Shutdown Partial
73 StarFive Technology RISC-V chip solutions $146M 5 February 2025 Undisclosed Strategic investment HKIC Active Partial
74 EnCharge AI Analog in-memory AI chips $144M 3 February 2025 $100M+ Series B Tiger Global, Samsung Ventures, HH-CTBC Active Full
75 Achronix Semiconductor AI FPGA and eFPGA IP $142M 6 April 2014 Undisclosed Series D New Science Ventures, Easton Capital, Argonaut Active Partial
76 Goodix Technology Touch and biometric chips $132M 2 October 2016 $132M IPO Public investors, MediaTek IPO Partial
77 Gowin Semiconductor FPGA devices $132M 2 May 2022 $132M Series B Guangzhou Bay Area Semiconductor Industry Group Active Strong
78 eSilicon ASIC design and IP services $118M 12 July 2017 $15M Later equity TPG, Crosspoint, Investor Growth Capital Acquired Partial
79 InvenSense MEMS motion sensor chips $113M 4 November 2011 $75M IPO Sierra Ventures, Qualcomm Ventures, Artiman Ventures Acquired Strong
80 Beken Wireless IoT chips $96M 2 April 2019 $96M IPO Public investors, WK Technology Fund, Spinnotec IPO Partial
81 Tower Semiconductor Specialty analog chip foundry $83M 4 August 2023 Undisclosed Post-IPO Yorkville Advisors, Westpac, Public investors IPO Partial
82 Flex Logix Embedded FPGA IP $82M 4 March 2021 $55M Series D Mithril Capital, Lux Capital, Eclipse Ventures Acquired Partial
83 Ambarella Edge AI video processors $74M 4 October 2012 $36M IPO Benchmark, Walden International, Public investors IPO Partial
84 Alif Semiconductor AI-enabled microcontrollers $72M 2 December 2019 $50M Series B Not fully disclosed Active Strong
85 Esperanto Technologies RISC-V AI chips $63M 3 November 2018 $58M Series B Western Digital Capital, GlobalFoundries Active Partial
86 Rockchip Multimedia processor SoCs $58M 2 February 2020 $58M IPO Public investors, Spinnotec, Fortune Capital IPO Partial
87 Kinara Edge AI neural processors $54M 2 September 2021 $35M Series B Tiger Global, Exfinity, Western Digital Acquired Partial
88 Rain AI Neuromorphic AI chips $38M 3 May 2024 $8M Series A extension Prosperity7, Sam Altman, Catapult Active Partial
89 GreenWaves Technologies Ultra-low-power RISC-V AI chips $30M 3 February 2023 $22M Series B Innovacom, Thales, Soitec Active Partial
90 GrAI Matter Labs Neuromorphic edge AI chips $29M 2 November 2020 $14M Financing / Series A extension iBionext, Bpifrance, Celeste Management Acquired Strong
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

  • The semiconductor industry is extremely concentrated: the top 10 companies in this ranking capture about 62% of the total funding, led by memory, foundry, and AI compute platforms.
  • Cerebras Systems alone has raised $9.3B, which shows how wafer-scale AI compute can attract capital at a level that few semiconductor startups can match.
  • AI chips, AI networking, and photonic AI interconnect companies now form one of the clearest funding clusters in semiconductors, with Groq, Ayar Labs, Lightmatter, Celestial AI, MatX, and Positron AI all raising large rounds.
  • Memory and wafer infrastructure remain strategic capital magnets, with Yangtze Memory Technologies, ChangXin Memory Technologies, Hua Hong Semiconductor, GTA Semiconductor, and Nexchip all raising more than $1.7B.
  • Public markets are still a major funding route in semiconductors, especially for companies in memory, foundry services, sensors, connectivity chips, and power semiconductors.
  • The median company in this ranking has raised about $338M, far below the multi-billion-dollar leaders, which shows how a few mega-funded semiconductor companies strongly skew the market average.
  • Recent funding remains active, with 34 companies in this ranking raising capital in the last 12 months, especially in AI accelerators, automotive chips, power semiconductors, and connectivity.
  • Mid-stage AI hardware rounds are unusually large: MatX, Positron AI, EnCharge AI, and Upscale AI show that newer semiconductor companies can raise hundreds of millions before reaching late-stage scale.
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 company announcements, IPO filings, prospectuses, and investor releases are usually the most reliable sources for semiconductor 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, yuan, won, yen, 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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