Which startups have raised the most funding in the semiconductor industry?
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This page tracks the most funded startups and growth companies in the semiconductor industry, ranked by cumulative equity capital raised.
The semiconductor industry includes businesses across memory, foundries, AI processors, automotive chips, connectivity, photonics, power semiconductors, edge AI, and other specialized chip technologies.
We update this list every month so investors, founders, and industry professionals can follow how semiconductor funding and company rankings are changing.
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 | ChangXin Memory Technologies, $13.6B |
| Second most funded semiconductor startup | Yangtze Memory Technologies, $7.1B+ |
| Largest semiconductor funding round | ChangXin Memory Technologies, $8.6B IPO in July 2026 |
| Median semiconductor company funding | Approximately $263M |
| Share of semiconductor funding captured by the top 10 | Approximately 72% |
| Median time since last funding round | Approximately 2.4 years, with the median latest round in April 2024 |
| Semiconductor startups funded in the last 12 months | 25 companies |
| Public-market share of semiconductor funding | Approximately 65% of reconstructed capital |
| AI compute and interconnect semiconductor funding | More than $7B across major specialists |
| Chinese semiconductor share of reconstructed funding | Well over half of the capital represented |
This chart, featured in our semiconductor industry deck, shows annual venture capital investment in semiconductor startups
Top startups in the semiconductor industry ranked by total funding raised
Here is an updated table that ranks the top startups in the semiconductor industry based on the total amount of funding they have raised to date.
The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup’s current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected (we excluded startups with very low data confidence, to make sure everything is reliable).
If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the semiconductor industry ranked by valuation.
| # | Startup | What They Do | Total Raised ($) | Total Rounds | Last Round Date | Last Round Amount ($) | Last Round Type | Key Investors | Current Stage | Confidence |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ChangXin Memory Technologies | DRAM memory chip manufacturing | $13.6B | 9 | July 2026 | $8.6B | IPO | Public investors | IPO | Strong |
| 2 | Yangtze Memory Technologies | 3D NAND flash memory | $7.1B+ | 2+ | March 2023 | $7.1B | Private Equity | China Big Fund, Hubei Changsheng, Changjiang Industry Investment | Active | Partial |
| 3 | Hua Hong Semiconductor | Specialty semiconductor wafer foundry | $3.3B | 2 | August 2023 | $3.0B | STAR Market IPO | Institutional investors, public investors | IPO | Strong |
| 4 | GTA Semiconductor | Specialty automotive semiconductor foundry | $3.1B | 5 | December 2025 | Undisclosed | Series D | CEC Fund, CICC Capital, China Electronics | Active | Strong |
| 5 | Cerebras Systems | Wafer-scale AI compute processors | $2.9B | 9 | February 2026 | $1.0B | Series H | Tiger Global, Benchmark, Fidelity | IPO | Full |
| 6 | Unisoc | Mobile communication chipset designer | $2.9B | 8 | September 2024 | $548M | Equity Financing | Guotai Junan Securities, Haitong Securities | Acquired | Strong |
| 7 | Groq | Ultra-fast AI inference processors | $2.8B | ≥8 | August 2026 | $350M | Series A | Disruptive, NVIDIA | Active | Partial |
| 8 | Nexchip | Twelve-inch semiconductor wafer foundry | $2.1B | 3 | May 2023 | $1.4B | IPO | Public investors | IPO | Strong |
| 9 | Horizon Robotics | Autonomous driving AI chips | $2.0B+ | 6+ | October 2024 | Undisclosed | IPO | Volkswagen, Baidu, SK Hynix | IPO | Full |
| 10 | GlobalFoundries | Advanced semiconductor contract manufacturing | $1.5B | 1 | October 2021 | $1.5B | IPO + Private Placement | BlackRock, Fidelity, Koch Strategic Platforms | IPO | Partial |
| 11 | GigaDevice | Flash, MCU and memory chips | $1.4B+ | 10 | January 2026 | $600M | Hong Kong IPO | Public investors | IPO | Partial |
| 12 | Montage Technology | Data-center memory interconnect chips | $1.4B+ | 8 | February 2026 | $903M | Hong Kong IPO | JPMorgan AM, UBS AM, Yunfeng | IPO | Partial |
| 13 | Powerchip Semiconductor Manufacturing | Specialty memory and logic foundry | $1.2B | 2 | June 2026 | $886M | Follow-on GDS Offering | Global institutional investors, employees | IPO | Partial |
| 14 | Astera Labs | AI cloud connectivity semiconductors | $948M | 5 | March 2024 | $713M | IPO | Public investors | IPO | Strong |
| 15 | Tenstorrent | AI processors and RISC-V IP | $927M | 5 | December 2024 | $693M | Series D | Samsung Securities, AFW Partners, XTX Markets | Active | Strong |
| 16 | Biren Technology | AI GPU processors | $902M | 4+ | June 2025 | $207M | Series D | Shanghai Guotou Pioneer Fund, CCI Holdings | IPO | Strong |
| 17 | Ayar Labs | Optical chip interconnect technology | $872M | 7 | March 2026 | $500M | Series E | Neuberger Berman, QIA, Insight Partners | Active | Full |
| 18 | Rebellions | AI inference accelerator chips | $850M | 7 | March 2026 | $400M | Pre-IPO | Mirae Asset, Korea National Growth Fund | Active | Strong |
| 19 | Lightmatter | Photonic AI processors | $822M | 7 | October 2024 | $400M | Series D | T. Rowe Price, Fidelity, GV | Active | Strong |
| 20 | Bestechnic | Wireless audio and AIoT SoCs | $744M+ | 5 | December 2020 | $744M | IPO | Public investors | IPO | Partial |
| 21 | Ambiq | Ultra-low-power edge AI semiconductors | $736M | 12 | June 2026 | $179M | Follow-on Public Offering | BofA Securities, UBS, Needham | IPO | Partial |
| 22 | Graphcore | Intelligence processors for machine learning | $684M | 6 | December 2020 | $222M | Series E | Ontario Teachers', Fidelity International, Schroders | Acquired | Full |
| 23 | SemiDrive | Automotive computing and control chips | $620M+ | 7 | May 2026 | $95M | Series C | Jiangsu Industrial Investment, E-Town International, Shaanxi Automobile Hongde | Active | Strong |
| 24 | Black Sesame Technologies | Autonomous driving AI chips | $615M | 8 | January 2026 | $72M | Post-IPO Equity | SummitView Capital, Shanghai Daixu VC | IPO | Strong |
| 25 | MatX | AI training accelerators | $605M | 3 | February 2026 | $500M | Series B | Jane Street, Situational Awareness, Marvell | Active | Full |
| 26 | Celestial AI | Optical AI interconnects | $594M | 6 | March 2025 | $255M | Series C | BlackRock, Fidelity, AMD Ventures | Acquired | Full |
| 27 | GalaxyCore | CMOS image sensor chip designer | $562M | 5 | August 2021 | $554M | IPO | Public investors | IPO | Partial |
| 28 | Moore Threads | AI GPUs and graphics | $528M+ | 5+ | December 2025 | $1.1B | IPO | Public investors | IPO | Strong |
| 29 | Upscale AI | AI data-center networking chips | $490M | 3 | June 2026 | $190M | Series A-1 | Premji Invest, NVIDIA, Temasek | Active | Strong |
| 30 | Espressif Systems | Wi-Fi Bluetooth IoT SoCs | $435M+ | 7 | October 2025 | $250M | Private Placement | Xingquan, CICC, Guotai Haitong | IPO | Partial |
| 31 | d-Matrix | Digital in-memory AI inference chips | $429M | ≥4 | November 2025 | $275M | Series C | BullhoundCapital, Triatomic Capital, Temasek | Active | Partial |
| 32 | Navitas Semiconductor | GaN and SiC power semiconductors | $422M | 6 | May 2026 | $125M | Post-IPO Equity / ATM | Public-market investors | IPO | Strong |
| 33 | Ampere Computing | Arm cloud and AI processors | ≥$380M | ≥4 | March 2021 | $300M | Equity Financing | Oracle | Acquired | Partial |
| 34 | Loongson Technology | General-purpose domestic CPU processors | $367M+ | 5 | June 2022 | $367M | IPO | Public investors | IPO | Partial |
| 35 | Innovium | Data-center Ethernet switch silicon | $360M | 7 | July 2020 | $125M | Series F | BlackRock, Premji Invest, Qualcomm Ventures | Acquired | Partial |
| 36 | SiMa.ai | Edge Physical AI MLSoCs | ≥$355M | 10 | April 2026 | Undisclosed | Strategic Investment | Micron | Active | Strong |
| 37 | Iluvatar CoreX | AI GPU chip developer | $352M | 6 | May 2025 | $19M | Series D | Gatelanes, Centurium Capital | IPO | Strong |
| 38 | Alif Semiconductor | Ultra-low-power AI microcontrollers | $342M | 4 | April 2025 | $155M | Series D | Fidelity | Active | Strong |
| 39 | Hailo | Low-power edge AI processors | $341M | 6 | April 2024 | $120M | Series C Extension | Zisapel family, Delek Motors, OurCrowd | Active | Full |
| 40 | ASR Microelectronics | Wireless communication chip designer | $333M | 4 | January 2022 | $1.1B | IPO | Public investors | IPO | Full |
| 41 | Innoscience | GaN power semiconductor maker | $315M | 7 | December 2024 | Undisclosed | Pre-IPO Financing | STMicroelectronics, Jiangsu Tech Industry Investment | IPO | Strong |
| 42 | Positron AI | AI inference chips | $305M | 2 | February 2026 | $230M | Series B | Arena, Jump Trading, QIA | Active | Strong |
| 43 | NUVIA | High-performance Arm CPU designs | $293M | 2 | September 2020 | $240M | Series B | Mithril Capital, BlackRock, Fidelity | Acquired | Full |
| 44 | Valens Semiconductor | High-speed wired connectivity chips | $292M | 6+ | September 2021 | $125M | PIPE | MediaTek, institutional investors, PTK sponsor | IPO | Full |
| 45 | Telink Semiconductor | Low-power wireless IoT chips | $290M | 4+ | August 2023 | $207M | IPO | Public investors | IPO | Strong |
| 46 | Mythic | Analog compute-in-memory AI processors | ≥$287M | ≥6 | December 2025 | $125M | Series D | DCVC, NEA, SoftBank | Active | Partial |
| 47 | X-FAB Silicon Foundries | Analog mixed-signal specialty wafer foundry | $267M | 1 | April 2017 | $267M | IPO | BNP Paribas, HSBC, Credit Suisse | IPO | Partial |
| 48 | Enfabrica | AI networking semiconductor fabrics | $263M | 3 | November 2024 | $115M | Series C | Spark Capital, Arm, Cisco Investments | Acquired | Strong |
| 49 | Aquantia | High-speed Ethernet connectivity chips | $260M | ~9 | November 2017 | $61M | IPO | Public investors | Acquired | Partial |
| 50 | Cambricon Technologies | AI accelerator chip maker | $250M+ | 2 | July 2020 | $150M | IPO | Public investors | IPO | Full |
| 51 | Rivos | RISC-V AI processors | $250M | 1 | April 2024 | $250M | Series A Extension | Matrix, Intel Capital, MediaTek | Acquired | Strong |
| 52 | FuriosaAI | AI data center accelerator chips | $246M | 5 | July 2025 | $125M | Series C Bridge | Korea Development Bank, IBK, Kakao Investment | Active | Strong |
| 53 | Empower Semiconductor | Integrated AI power-management semiconductors | >$215M | 3+ | September 2025 | >$140M | Series D | Fidelity, CapitalG, Atreides Management | Acquired | Partial |
| 54 | Beken | Wireless connectivity and RF chips | $213M+ | 3 | December 2020 | $116M | Private Placement | Zhineng Industrial, institutional investors | IPO | Strong |
| 55 | Arbe Robotics | Automotive 4D imaging radar chips | $212M | ~8 | January 2026 | $19M | Post-IPO Equity | AWM/Special Situations Funds | IPO | Strong |
| 56 | Kioxia | NAND flash memory manufacturing | $207M+ | 2 | December 2024 | $207M | IPO / Primary Issuance | Public investors | IPO | Partial |
| 57 | Morse Micro | Wi-Fi HaLow IoT chips | $206M | ~8 | September 2025 | $58M | Series C | MegaChips, NRFC, Blackbird | Active | Strong |
| 58 | Blaize | Edge AI processor platforms | $200M | 4 | Undisclosed 2024 | $106M | Series D | Mercedes-Benz, Franklin Templeton | Active | Partial |
| 59 | Uhnder | Digital imaging radar semiconductors | $195M | 5+ | February 2024 | $50M | Series D | ACME Capital, Magna, Qualcomm Ventures | Active | Partial |
| 60 | Kneron | Edge AI semiconductor systems | $190M | 7 | September 2023 | $49M | Series B Extension | Foxconn, Horizons Ventures, ADATA | Active | Strong |
| 61 | Icera | Software-defined cellular modem chips | $188M | 6 | May 2010 | $45M | Late-stage / Series F | Accel, Amadeus Capital, Atlas Venture | Acquired | Strong |
| 62 | indie Semiconductor | Automotive semiconductor and software solutions | $183M | ~6 | June 2021 | $150M | PIPE | Institutional PIPE investors | IPO | Strong |
| 63 | Calterah Semiconductor | Automotive radar chip developer | $172M | 8 | March 2026 | $146M | Series E | Pudong Chuangtou | Active | Strong |
| 64 | MetaX Integrated Circuits | Chinese AI GPUs | $170M+ | 7+ | July 2023 | Undisclosed | Series B | PDVC, GF Xinde | Active | Partial |
| 65 | Tower Semiconductor | Analog specialty semiconductor foundry | $170M | 5 | Undisclosed 2011 | $20M | Private Equity Issuance | Yorkville Advisors | IPO | Partial |
| 66 | Rockchip | Multimedia and AI application processors | $167M+ | 3 | February 2020 | $58M | IPO | Public investors | IPO | Partial |
| 67 | Untether AI | Energy-efficient AI chips | $165M | 5 | Undisclosed 2022 | Undisclosed | Series B Extension | Intel Capital, Radical Ventures | Shutdown | Partial |
| 68 | Retym | Coherent DSP networking semiconductors | $164M | 4 | March 2025 | $75M | Series D | Spark Capital, Kleiner Perkins, Mayfield | Active | Partial |
| 69 | Cornami | FHE acceleration computing architecture | $162M | 8 | August 2025 | $1M | Series D-II | Cendana Capital, Elysium Venture Capital, Impact Venture Capital | Active | Partial |
| 70 | Atmosic Technologies | Ultra-low-power wireless IoT chips | $162M | 4 | March 2025 | $40M | Series D | Sutter Hill Ventures, Clear Ventures, Quantum Innovation Fund | Active | Full |
| 71 | EFFECT Photonics | Integrated optical communications chips | ≥$154M | ≥6 | June 2025 | $24M | Series D Extension | Existing investors | Active | Partial |
| 72 | Amlogic | Multimedia processor chip designer | $151M | 5+ | August 2019 | $224M | IPO | Public investors | IPO | Strong |
| 73 | StarFive Technology | RISC-V processors and chip solutions | $147M+ | 5 | February 2025 | Undisclosed | Pre-Series B | Hong Kong Investment Corporation | Active | Partial |
| 74 | Zhaoxin | Domestic x86 CPU developer | $145M | 2+ | September 2022 | $145M | Series A | Guoxin Investment, Sun Rock Capital | Active | Partial |
| 75 | Allwinner Technology | Application processors and analog chips | $142M | 2 | September 2016 | $60M | Private Placement | Semiconductor Investment Fund, HuaAn Fund | IPO | Full |
| 76 | Everactive | Batteryless wireless sensing semiconductors | $140M | 8 | August 2024 | $11M | Series C Extension | ABB Technology Ventures, NEA, In-Q-Tel | Active | Partial |
| 77 | pSemi | RF silicon-on-insulator integrated circuits | $138M | 5 | September 2008 | $30M | Venture Equity | Advance Capital Partners, Morgenthaler Ventures, Roser Ventures | Acquired | Partial |
| 78 | Achronix Semiconductor | High-performance FPGA semiconductor platforms | $132M | 4 | August 2012 | $10M | Venture / Series C Follow-on | Undisclosed investors | Active | Strong |
| 79 | Gowin Semiconductor | FPGA chip developer | $131M | 2+ | July 2026 | Undisclosed | Private Equity | Yuexiu Industrial Fund, GIIHG | Active | Partial |
| 80 | Goodix Technology | Touch and fingerprint sensing chips | $130M | 1 | October 2016 | $130M | IPO | Public investors | IPO | Partial |
| 81 | EnCharge AI | Analog AI accelerator chips | $122M | 3 | February 2025 | $100M | Series B Extension | Tiger Global, Samsung Ventures, RTX Ventures | Active | Strong |
| 82 | Axelera AI | Edge AI inference chips | $120M | 4 | June 2024 | $68M | Series B | Innovation Industries, Samsung Catalyst Fund, Invest-NL | Active | Strong |
| 83 | InvenSense | MEMS motion sensors and IMUs | $113M | 4 | November 2011 | $75M | IPO | Public institutional investors | Acquired | Full |
| 84 | eSilicon | Custom ASIC design manufacturing services | $93M | ~9 | Undisclosed 2012 | $1M | Venture / Extension | Crosspoint, Investor Growth Capital, Crescendo | Acquired | Partial |
| 85 | OmniVision Technologies | CMOS image sensors and imaging | $76M | 4 | July 2000 | $65M | IPO | Public investors | Acquired | Partial |
| 86 | Flex Logix | Semiconductor IP and AI chips | $70M | 4 | Undisclosed 2023 | $25M | Venture | Eclipse Ventures, Cambium Capital | Active | Partial |
| 87 | Esperanto Technologies | RISC-V AI processors | $63M | 2 | November 2018 | $58M | Series B | Western Digital Capital, Qualcomm Ventures | Active | Partial |
| 88 | DB HiTek | Analog and power specialty foundry | $50M | 1 | July 2000 | $50M | Strategic Equity | Toshiba | IPO | Low |
| 89 | Canaan | Bitcoin-mining ASIC chips and systems | $44M | 1 | May 2017 | $44M | Series A | Tunlan Investment, Fundamental Labs, Baopu Asset Management | IPO | Full |
| 90 | Annapurna Labs | AWS custom cloud processors | $40M | ~2 | Undisclosed 2013 | Undisclosed | Venture / Seed | Celesta/Walden, ARM, TSMC | Acquired | Low |
| 91 | Ambarella | AI vision processing semiconductors | $38M | 3 | March 2006 | $15M | Series C | Benchmark Capital, Matrix Partners, WRV Capital | IPO | Strong |
| 92 | Kinara | Edge AI inference processors | $35M+ | 3+ | September 2021 | $35M | Series B | Tiger Global, Exfinity Venture Partners | Acquired | Partial |
| 93 | GreenWaves Technologies | Ultra-low-power RISC-V AI processors | $33M+ | 5+ | February 2023 | $22M | Series B | Innovacom, Bpifrance, Thales | Active | Strong |
| 94 | Rain AI | Neuromorphic AI chips | $33M | 2 | February 2024 | $25M | Series A | Prosperity7 Ventures | Active | Partial |
| 95 | GrAI Matter Labs | Neuromorphic edge AI processors | $29M | 2 | November 2020 | $14M | Series A+ | iBionext, Bpifrance, 360 Capital | Acquired | Full |
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
- Semiconductor funding is extremely concentrated. The ten largest companies represent roughly 72% of reconstructed capital, despite the ranking covering businesses across memory, foundries, AI chips, automotive semiconductors, connectivity, and power electronics.
- ChangXin Memory Technologies alone represents nearly 30% of the reconstructed semiconductor capital pool. Memory manufacturing therefore operates at a financing scale that most fabless semiconductor startups never approach.
- The semiconductor funding market has a clear barbell structure. Capital-intensive memory, foundry, and AI infrastructure companies can absorb billions, while many specialized edge AI, IoT, connectivity, and sensing businesses scale with $100M to $300M.
- AI semiconductor funding has become a major capital destination. Cerebras, Tenstorrent, Ayar Labs, Rebellions, Lightmatter, MatX, and Upscale AI have collectively raised more than $7B for AI compute and interconnect technologies.
- Several younger AI chip companies now raise most of their lifetime capital in a single financing. MatX's $500M Series B represents about 83% of cumulative funding, while Positron AI's $230M Series B represents roughly 75%.
- Optical semiconductor infrastructure is moving into larger financing territory. Ayar Labs raised $500M in March 2026, equal to roughly 57% of its cumulative funding, as optical interconnects become increasingly important for AI infrastructure.
- Public equity is unusually important in semiconductors. Listed companies represent roughly 65% of reconstructed capital, reflecting the large financing requirements of fabrication, memory, and mature chip businesses.
- Hua Hong Semiconductor demonstrates the effect of public markets especially clearly. Its approximately $3B STAR Market financing accounts for more than 90% of its reconstructed cumulative primary-equity funding.
- Automotive semiconductor companies are also attracting significant capital. Horizon Robotics, Black Sesame Technologies, SemiDrive, Arbe Robotics, and Calterah Semiconductor together represent more than $3.6B across autonomous driving compute, radar, and control chips.
- Strategic acquisitions remain an important semiconductor exit route. Graphcore, Celestial AI, NUVIA, Rivos, Enfabrica, and other acquired chip companies show continued buyer demand for differentiated compute, interconnect, processor, and semiconductor IP.
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 semiconductor funding amounts. When those were not available, we relied on reputable industry and financial 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 semiconductor 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 semiconductor company, 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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- What are the top startups in the semiconductor industry?
- Which companies are the most valued in the semiconductor industry?
- How strong is fundraising in the semiconductor industry right now?
- All funding deals in the semiconductor industry
- The evolution of funding activity in the semiconductor industry
