The electronics industry contains 51 unicorn companies working in fields from telecommunications to semiconductor manufacturing. These businesses are spread across the globe, with a strong presence in consumer goods, renewable energy, and AI hardware.
Leading the pack is India's Reliance Jio, a telecommunications company with a $58B valuation. Other major players include the American e-cigarette maker JUUL, valued at $38B, and Chinese drone manufacturer DJI, with an $8B valuation.
Below is the full list of 51 Electronics unicorn startups at this time.
Top 10 Most Valuable Electronics Unicorns
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Get the Sheet for $50Reliance Jio operates one of India's largest mobile networks, offering widespread 4G and 5G access. They have also developed a comprehensive digital ecosystem that includes fiber internet, streaming media, and a variety of mobile applications.
| Valuation | $58B |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2010 |
| Founders | Mukesh Ambani |
| Funding Amount | $28.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Vista Equity Partners, Citi, HSBC, TPG, General Atlantic |
JUUL created a popular electronic nicotine vaporizer designed to offer an alternative to combustible cigarettes. Their sleek, USB-like device and flavored nicotine pods quickly gained widespread popularity, while also sparking significant public health debate.
| Valuation | $38B |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Adam Bowen, James Monsees |
| Funding Amount | $16.4B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Bracket Capital, M13, Fidelity, Poseidon Asset Management, Tiger Global Management |
Envision Group builds the technology for the 'energy internet,' creating smart wind turbines, batteries, and other green infrastructure. They provide a proprietary operating system that allows companies and governments to manage their distributed energy assets.
| Valuation | $21B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2007 |
| Founders | Allan To, Lei Zhang |
| Funding Amount | $2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | GIC, HSG, Primavera Capital Group |
ChangXin Memory Technologies designs, produces, and sells dynamic random-access memory (DRAM) chips as an integrated device manufacturer. Their products are essential components for mobile devices, computers, and enterprise servers.
| Valuation | $19B |
| Headquarters | Hefei, Anhui, China |
| Year Founded | 2016 |
| Founders | — |
| Funding Amount | CN¥34.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | China Integrated Circuit Industry Investment Fund (CICF), Alibaba Group, Walden International, Greater Bay Area Homeland Development Fund, Tencent |
Bitmain designs and manufactures high-performance computing chips and related software. Their application-specific integrated circuit (ASIC) miners are a cornerstone of the global Bitcoin mining industry.
| Valuation | $15B |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2013 |
| Founders | Jihan Wu, Micree Zhan |
| Funding Amount | $764.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | IDG Capital, HSG, Coatue, Temasek Holdings, Huangpu River Capital |
DJI develops and manufactures high-performance drones and camera technology for both consumers and professionals. Their advanced stabilization systems and imaging quality have set the standard in aerial photography and videography.
| Valuation | $8B |
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2006 |
| Founders | Frank Wang |
| Funding Amount | $107.8M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Accel, HSG, Aeternam Stella, Lighthouse Capital Management, Victor Koch |
Groq develops specialized hardware and a software platform to power AI inference workloads. Their Language Processing Unit, or LPU, is engineered for exceptional speed and performance when running large language models.
| Valuation | $7B (Joined April 2021) |
| Headquarters | Mountain View, California, United States |
| Year Founded | 2016 |
| Founders | Jonathan Ross |
| Funding Amount | $1.8B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Tiger Global Management, BlackRock, Uncork Capital, Plug and Play, Alumni Ventures |
Back Market operates a global marketplace dedicated to expertly refurbished electronics. They offer a more sustainable and affordable way to buy tech by connecting consumers directly with certified refurbishers.
| Valuation | $6B (Joined May 2021) |
| Headquarters | Paris, Ile-de-France, France |
| Year Founded | 2014 |
| Founders | Quentin Le Brouster, Thibaud Hug de Larauze, Vianney Vaute |
| Funding Amount | $1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Goldman Sachs Growth Equity, General Atlantic, Daphni, Generation Investment Management, Goldman Sachs |
GTA Semiconductor builds specialty analog integrated circuits, operating as a dedicated foundry for chip design companies. They focus on manufacturing semiconductors for demanding applications within the automotive, industrial, and high-end consumer electronics industries.
| Valuation | $6B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | CN¥22B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | China Internet Investment Fund, Cathay Capital, CICC, CPE, Shang Qi Capital |
Royole Corporation develops and manufactures advanced flexible displays and sensors. These components are the foundation for their own line of smart devices and other next-generation consumer electronics.
| Valuation | $5B |
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2012 |
| Founders | Bill Liu |
| Funding Amount | $1.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Bank of China, IDG Capital, Agricultural Bank of China, Industrial and Commercial Bank of China, Shenzhen Capital Group |
The Remaining 41 Electronics Unicorns
The ten most valuable companies are just the beginning of the story in electronics. While many of these startups are based in the United States and China, the full list includes founders from over a dozen countries.
These companies are working on everything from semiconductors to electric vehicle batteries. Here’s a look at the other unicorn startups shaping the industry.
