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100 Top Unicorns
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10 Hardware Startups that Became Unicorns

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Have you ever wondered which private companies in the Hardware industry have the highest valuations?

You’re not alone.

There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 10 Hardware unicorn startups, from highest to lowest valuation.

10 Hardware Unicorns Companies

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Cerebras Systems

Cerebras Systems

Cerebras' objective is to transform the computing landscape through the acceleration of artificial intelligence.

Details of the startup:

  • Valuation:

    $4.00

    B (

    November 2018

    )

  • Country:

    United States

  • City:

    Sunnyvale

  • Started in:

    2016

  • Founders:

    Andrew Feldman, Jean-Philippe Fricker, Michael James, Sean Lie

  • Industries:

    Artificial Intelligence, Hardware

  • Number of employees:

    250-500

  • Funding Amount:

    $718.00M

  • Number of funding rounds:

    7

  • Number of investors:

    11

here

PsiQuantum

PsiQuantum

PsiQuantum is building a large-scale, general-purpose silicon photonic quantum computer with at least 1 million physical qubits.

Details of the startup:

  • Valuation:

    $3.15

    B (

    July 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2016

  • Founders:

    Jeremy O'Brien, Mark Thompson, Peter Shadbolt, Terry Rudolph

  • Industries:

    Computer, Hardware, Quantum Computing

  • Number of employees:

    100-250

  • Funding Amount:

    $728.50M

  • Number of funding rounds:

    6

  • Number of investors:

    13

here

Biren Technology

Biren Technology

Biren Technology is an innovative high-tech startup, with expertise in a range of fields that has helped us become the area’s leading developer.

Details of the startup:

  • Valuation:

    $2.32

    B (

    August 2020

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2019

  • Founders:

    Zhang Wen

  • Industries:

    Hardware, Information Technology, Internet, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $285.21M

  • Number of funding rounds:

    3

  • Number of investors:

    32

here

Formlabs

Formlabs

Formlabs technologies are used by professionals to produce real-world models and functional prototypes via 3D printing.

Details of the startup:

  • Valuation:

    $2.00

    B (

    August 2018

    )

  • Country:

    United States

  • City:

    Somerville

  • Started in:

    2011

  • Founders:

    David Cranor, Maxim Lobovsky, Natan Linder

  • Industries:

    3D Printing, 3D Technology, Consumer Electronics, Hardware, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $51.93M

  • Number of funding rounds:

    9

  • Number of investors:

    24

here

Opentrons

Opentrons

OpenTrons is a developer of a pipetting robot technology designed to automate experiments.

Details of the startup:

  • Valuation:

    $1.80

    B (

    September 2021

    )

  • Country:

    United States

  • City:

    Brooklyn

  • Started in:

    2016

  • Founders:

    Chiu Chau, Nicholas Wagner, Will Canine

  • Industries:

    Biotechnology, Hardware, Robotics

  • Number of employees:

    250-500

  • Funding Amount:

    $250.83M

  • Number of funding rounds:

    8

  • Number of investors:

    11

here

Next Silicon

Next Silicon

NextSilicon provides a new approach to HPC architecture that drives the industry forward by solving its biggest, most fundamental problems.

Details of the startup:

  • Valuation:

    $1.50

    B (

    June 2021

    )

  • Country:

    Israel

  • City:

    Tel Aviv

  • Started in:

    2018

  • Founders:

    Elad Raz

  • Industries:

    Computer, Electronics, Hardware, Semiconductor

  • Number of employees:

    100-250

  • Funding Amount:

    $226.60M

  • Number of funding rounds:

    4

  • Number of investors:

    19

here

Starry

Starry

Starry is a new provider of high-speed Internet to homes and small businesses using next-generation technology. Their first product, Starry Station, transforms any home into a Wi-Fi hotspot with unlimited data.

Details of the startup:

  • Valuation:

    $1.29

    B (

    July 2018

    )

  • Country:

    United States

  • City:

    Boston

  • Started in:

    2014

  • Founders:

    Chaitanya Kanojia

  • Industries:

    Hardware, Internet, Network Hardware, Wireless

  • Number of employees:

    250-500

  • Funding Amount:

    $163.00M

  • Number of funding rounds:

    3

  • Number of investors:

    7

here

BitFury

BitFury

Bitfury is a world-leading full-service blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem.

Details of the startup:

  • Valuation:

    $1.00

    B (

    November 2018

    )

  • Country:

    Netherlands

  • City:

    Amsterdam

  • Started in:

    2011

  • Founders:

    Valery Nebesny, Valery Vavilov

  • Industries:

    Bitcoin, Blockchain, Data Center, FinTech, Hardware, Information Services, Information Technology, Mining, Mining Technology

  • Number of employees:

    500-1,000

  • Funding Amount:

    $170.00M

  • Number of funding rounds:

    6

  • Number of investors:

    24

here

Hailo

Hailo

Hailo is a developer of a specialized deep learning processor that delivers the performance of a data center-class computer to edge devices.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2021

    )

  • Country:

    Israel

  • City:

    Tel Aviv

  • Started in:

    2017

  • Founders:

    Avi Baum, Hadar Zeitlin, Orr Danon

  • Industries:

    Artificial Intelligence, Augmented Reality, Embedded Systems, Hardware, Semiconductor

  • Number of employees:

    100-250

  • Funding Amount:

    $217.00M

  • Number of funding rounds:

    6

  • Number of investors:

    17

here

TensTorrent

TensTorrent

Tenstorrent is a computing company that develops processors designed to help in faster training and adaptability to future algorithms.

Details of the startup:

  • Valuation:

    $1.00

    B (

    May 2021

    )

  • Country:

    Canada

  • City:

    Toronto

  • Started in:

    2016

  • Founders:

    Ivan Hamer, Ljubisa Bajic, Milos Trajkovic

  • Industries:

    Application Specific Integrated Circuit (ASIC), Artificial Intelligence, Electronics, Hardware, Machine Learning

  • Number of employees:

    100-250

  • Funding Amount:

    $221.03M

  • Number of funding rounds:

    6

  • Number of investors:

    7

here
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