All Rankings

Top 100 Hardware Startups 2026

Private hardware companies whose latest recorded funding type is not a grant, private equity, or debt financing, ranked by disclosed lifetime funding.

Known total funding for 100 of 100 ranked companies: $86.2B.

Showing top 100 matching companies · Ranked by total funding raised

Use company data through the API.
Example request
curl "https://indexed.vc/api/v1/companies?industries=Hardware&operatingStatus=active&sort=total_funding_raised&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"

The API has no company type filter, so public companies can appear; this list counts private companies only.

The API cannot leave out companies whose latest round is a grant, private equity or debt financing; this list does.

Data from Indexed.vcUpdated

Methodology: up to 100 active companies matching this list's filters are ordered by disclosed total funding in USD. Companies whose latest round is one of: Grant, Private Equity, Debt Financing are excluded. Totals include recorded grants and other qualifying funding, not just equity. Open a company profile for its funding summary and available detail. How this data is built.

26
Sunfire

Sunfire supplies green-hydrogen projects with pressurized alkaline and solid oxide electrolyzers,...

Dresden, Germany501–1000Clean Energy, Hardware
Growth EquityTotal funding$788.5MJul 2025
27
Verkada

Verkada builds AI-powered physical security systems that unite video, access control, alarms, sen...

San Mateo, United States1001–5000Cybersecurity, Hardware
Extension RoundTotal funding$743.9MJun 2025
28
Lightmatter

Photonic computing company building light-based AI infrastructure chips that enable faster, more ...

Boston, United States201–500Artificial Intelligence, Hardware
Series DTotal funding$742.0MOct 2024
29
Lumilens

Next-Gen Optical Transceiver Solution for photonics supply

San Jose, United States51–200Hardware, Infrastructure
Series CTotal funding$700.0MAug 2026
30
Antares Industries

Antares Nuclear builds factory-produced fission microreactors that supply 100kWe to 1MWe of strat...

Los Angeles, United States51–200Defense Tech, Energy
Series CTotal funding$675.0MJul 2026
31
Flock Safety

Flock Safety provides a real-time public-safety platform that unifies video, license-plate recogn...

Atlanta, United States501–1000Artificial Intelligence, GovTech
Series FTotal funding$657.6MMar 2025
32
Graphcore

Semiconductor company that developed the Intelligence Processing Unit (IPU), a processor architec...

Bristol, United Kingdom501–1000Semiconductors, Artificial Intelligence
Series ETotal funding$652.0MDec 2020
33
Ledger

Leading hardware wallet and security platform for managing cryptocurrency and digital assets, ser...

Paris, France501–1000Crypto & Web3, Cybersecurity
Series CTotal funding$564.8MMar 2023
34
Kandou AI

Kandou AI builds high-speed, energy-efficient chip-to-chip connectivity solutions that improve ho...

Lausanne, Switzerland51–200Artificial Intelligence, Infrastructure
Series ATotal funding$550.6MMar 2026
35
Halter

Agricultural technology company building smart collars and virtual fencing systems for cattle tha...

Auckland, New Zealand51–200Agtech, Hardware
Venture RoundTotal funding$546.0MMar 2026
36
Tonal

Makes a smart home strength-training system (hardware + subscription) for consumers, delivering p...

San Francisco, United States501–1000Fitness, Hardware
Extension RoundTotal funding$544.0MApr 2023
37
Blockstream

Builds Bitcoin infrastructure and products—enterprise custody, Lightning and Liquid networks, dev...

Victoria, Canada51–200Crypto & Web3, Developer Tools
ConvertibleTotal funding$507.0MOct 2024
38
Hermeus

Hermeus develops high-speed aircraft and propulsion systems for defense missions, using rapid ite...

Atlanta, United States201–500Aerospace, Defense Tech
Series CTotal funding$502.1MApr 2026
39
Zhone Technologies

Zhone supplies edge infrastructure, broadband connectivity solutions, and cloud automation softwa...

Oakland, United States201–500Cloud, Hardware
Venture RoundTotal funding$500.0MOct 1999
40
X-Sight Labs

Xsight Labs is a fabless semiconductor company designing programmable switches and DPUs for AI an...

Kiryat Gat, Israel201–500Artificial Intelligence, Hardware
Venture RoundTotal funding$496.0MJul 2026
41
Muon Space

Designs, builds, and operates mission-optimized satellite constellations delivering Earth-observa...

Mountain View, United States51–200Data & Analytics, Hardware
Series CTotal funding$491.9MAug 2026
42
Radiant

Clean energy startup developing portable nuclear microreactors as zero-emission alternatives to d...

El Segundo, United States51–200Nuclear Energy, Clean Energy
Series DTotal funding$467.4MDec 2025
43
Exotec

Exotec designs and deploys warehouse automation systems that combine robotics, software, and oper...

Lille, France1001–5000Robotics, Supply Chain
Series DTotal funding$457.7MJan 2022
44
Science.xyz

Clinical-stage medical technology company developing neural-engineering implants and platforms to...

Alameda, United States51–200Biotech, Medtech
Series CTotal funding$457.0MMar 2026
45
Span

SPAN makes smart electrical panels that provide homeowners appliance-level energy data, controls,...

San Francisco, United States51–200Clean Energy, Hardware
Corporate RoundTotal funding$447.2MMar 2026
46
Galaxea

Develops embodied intelligence foundation models and robots serving technology companies, startup...

Beijing, China51–200Artificial Intelligence, Hardware
Series BTotal funding$435.0MApr 2026
47
Nothing

Nothing designs distinctive smartphones, audio devices, and connected consumer technology, combin...

London, United Kingdom201–500Hardware
Equity CrowdfundingTotal funding$431.0MDec 2025
48
Tempo

Tempo offers guided strength classes for all levels, with real-time coach feedback, custom guidan...

San Francisco, United States51–200Digital Health, Healthcare
Extension RoundTotal funding$397.5MApr 2021
49
SiMa

SiMa.ai is a physical AI semiconductor company developing MLSoC chips and a software platform for...

San Jose, United States51–200Artificial Intelligence, Hardware
Series CTotal funding$385.0MSep 2026
50
Pilot Fiber

NYC's modern fiber infrastructure company providing enterprise-grade dedicated internet connectiv...

New York, United States51–200Hardware
Venture RoundTotal funding$351.1MOct 2026