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The hardware industry is seeing major developments in fields like quantum computing and AI.
Companies like PsiQuantum have secured massive funding, with over $2.3 billion raised for its quantum computer development.
Below is our list of 100 Hardware startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50IQM Quantum Computers builds superconducting quantum computers for research institutions and supercomputing centers. Their full-stack systems are designed to help developers and scientists solve some of the world's most complex problems.
Rebellions develops AI accelerator chips to power demanding data center workloads. Their hardware is engineered for efficient AI inference, enabling companies to run complex models at scale.
Rivos develops server-grade silicon solutions built on the open-source RISC-V instruction set architecture. These high-performance, power-efficient chips are designed for enterprise data centers with demanding security and workload requirements.
Shift5 builds a cybersecurity platform to protect critical transportation and military systems from cyber threats. Their combined hardware and software approach provides deep visibility into operational technology, helping operators detect and respond to attacks in real-time.
Ayar Labs builds in-package optical I/O solutions to accelerate data movement for large-scale AI and cloud systems. Their TeraPHY optical chiplets use light instead of electricity to break through data bottlenecks and increase computing performance.
The team at Tools for Humanity led the initial development of the Worldcoin project, which includes a digital passport to prove personhood online. They are creating the world's largest identity and financial network to help build a more just economic system in the age of AI.
Bose creates a wide range of high-fidelity audio products, including its famous noise-cancelling headphones and home speaker systems. The company built its reputation on decades of acoustic research and innovation in sound engineering.
Cerebras Systems builds AI supercomputers designed to accelerate deep learning for research and large-scale applications. The company's core technology is the Wafer-Scale Engine, the industry's largest chip, which powers its systems to train massive AI models.
PsiQuantum is building a large-scale, fault-tolerant quantum computer designed to solve commercially valuable problems. Their unique approach uses photons as qubits, enabling them to manufacture the necessary components in standard semiconductor foundries.
PassiveLogic builds a platform for generalized autonomy that allows users to create their own autonomous systems. Their technology is primarily applied to buildings, using a physics-based AI to control systems and dramatically improve energy efficiency.
Our top ten picks are just a small slice of what’s happening in hardware right now. Founders are tackling big challenges in fields like AI and climate tech, collectively raising billions to bring their visions to life.
Some of these companies are early in their journey, while others are already scaling up. Here’s a look at the other hardware startups that are catching our eye.
| Startup | Main Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Hardware | 1975 | $600M | Debt Financing | |
| Cloud | 2017 | $813.8M | Convertible Note | |
| Analytics | 2017 | ₩340B | Series C | |
| Hardware | 2014 | $2.5M | Product Crowdfunding | |
| Hardware | 2017 | £50M | Series B | |
| Energy | 2018 | $229.8M | Series B | |
| Manufacturing | 2013 | $683.4M | Venture Round | |
| Data | 2016 | $268.3M | Debt Financing | |
| Biotech | 2015 | $7.6M | Series A | |
| AI | 2019 | $185.6M | Series C | |
| Hardware | 2017 | $146.5M | Series B | |
| AI | 2021 | $58.7M | Venture Round | |
| Hardware | 2015 | CN¥3M | Series B | |
| AI | 2019 | $785.2M | Venture Round | |
| AgTech | 2016 | $198.8M | Series D | |
| Mobility | 2015 | $77.1M | Series B | |
| AgTech | 2020 | $26.7M | Venture Round | |
| Manufacturing | 2013 | $192.6M | Series E | |
| Manufacturing | 2009 | $130.1M | Venture Round | |
| Analytics | 2021 | $55M | Series A | |
| Food | 2013 | $130.3M | Series D | |
| Mobility | 2012 | $248.8M | Series E | |
| Hardware | 2015 | $722.4M | Venture Round | |
| Hardware | 2018 | $51.1M | Series A | |
| AI | 2017 | $40.2M | Series A | |
| AI | 2015 | $4.3M | Venture Round | |
| Hardware | 2016 | CA$138M | Grant | |
| Media | 2016 | $171.7M | Debt Financing | |
| Manufacturing | 2011 | $253.7M | Series E | |
| Hardware | 2019 | $12.5M | Venture Round | |
| AI | 2020 | CN¥2B | Series B | |
| Enterprise | 2012 | $40M | Series B | |
| Cloud | 2019 | $79.4M | Series A | |
| Hardware | 2012 | $106.5M | Series C | |
| Hardware | 2021 | $17.1M | Series A | |
| Hardware | 2019 | $142.5M | Series C | |
| AI | 2022 | $125.4M | Series A | |
| Cloud | 2015 | $1.2B | Secondary Market | |
| Hardware | 2022 | $62.9M | Venture Round | |
| Hardware | 2004 | $103.1M | Venture Round | |
| Crypto | 2011 | $170M | Venture Round | |
| Hardware | 2019 | $138.7M | Series A | |
| Hardware | 2014 | $47.3M | Series C | |
| Media | 2011 | $378.6M | Product Crowdfunding | |
| Cloud | 2022 | $23.2M | Seed | |
| Hardware | 2013 | $174.6M | Series C | |
| AI | 2016 | $15.2M | Series A | |
| AI | 2019 | $38.5M | Series A | |
| AI | 2019 | $61.5M | Series B | |
| Hardware | 2000 | ZAR7B | Debt Financing | |
| Fintech | 2019 | $74.2M | Series B | |
| Hardware | 1991 | $2B | Debt Financing | |
| Cloud | 2019 | $194M | Series B | |
| Hardware | 2018 | $21.3M | Series A | |
| Biotech | 2018 | $8.6M | — | |
| Hardware | 2021 | $12.5M | Venture Round | |
| Enterprise | 2009 | $216.7M | Secondary Market | |
| Retail | 2019 | $14.7M | Seed | |
| Hardware | 1976 | $150.6M | Venture Round | |
| AI | 2020 | CN¥3.5B | Private Equity | |
| Retail | 2014 | SGD10M | Series B | |
| Mobility | 2012 | $19.6M | Venture Round | |
| Hardware | 2021 | $66.3M | Series B | |
| Media | 2021 | $290M | Series A | |
| Hardware | 2014 | £4.3M | Equity Crowdfunding | |
| Retail | 2019 | $29.5M | Series B | |
| AI | 2018 | $93M | Series B | |
| Enterprise | 2021 | $103.6M | Debt Financing | |
| Hardware | 2007 | $43M | Private Equity | |
| Manufacturing | 2014 | $133.2M | Series E | |
| Crypto | 2023 | $22.5M | Undisclosed | |
| Hardware | 2016 | $112.8M | Venture Round | |
| AI | 2014 | $240M | Series C | |
| Media | 2016 | $58.5M | Debt Financing | |
| Hardware | 2014 | £9.8M | Venture Round | |
| Media | 2017 | $37M | Series A | |
| AI | 2016 | CN¥10M | Series A | |
| Mobility | 2016 | $65.4M | Series A | |
| Cloud | 2018 | $192.7M | Debt Financing | |
| AI | 2023 | $5.3M | Seed | |
| Cloud | 2019 | $14.4M | Seed | |
| Manufacturing | 2022 | $5.2M | Grant | |
| Hardware | 2007 | $39.9M | Series C | |
| Biotech | 2018 | $20.8M | Series A | |
| AI | 2020 | ₹1.2B | Series A | |
| Energy | 2012 | $73.2M | Series A | |
| Hardware | 2017 | $5.9M | Series A | |
| Media | 2015 | CN¥115.3M | Private Equity | |
| Retail | 2013 | $4.3M | Product Crowdfunding | |
| Hardware | 2021 | $12.5M | Seed |
