Hardware
127 companies in this sector.
| # | Company | Description | Location | Status | Funding |
|---|---|---|---|---|---|
| 01 | SpaceX | Aerospace manufacturer and space transportation company designing, manufacturing, and launching advanced rockets and spacecraft with the goal of enabling human life on Mars. | Starbase, US | Private | $11.9B |
| 02 | Rivian | Electric vehicle manufacturer producing the R1T pickup truck, R1S SUV, and commercial delivery vans for Amazon. Founded in 2009, Rivian went public in November 2021 in one of the largest IPOs in US history. Operates manufacturing in Normal, Illinois with a second plant planned in Georgia. | Irvine, US | Public | $10.5B |
| 03 | Anduril Industries | Anduril Industries is a defense technology company building autonomous systems, AI software, and sensor hardware for military and national security applications. Founded by Oculus VR creator Palmer Luckey and former Palantir employees, the company builds products including autonomous drones, surveillance towers, underwater vehicles, and the Lattice AI platform that integrates sensors and effectors into a unified command-and-control system. | Costa Mesa, United States | Private | $6.3B |
| 04 | Magic Leap | Magic Leap is an augmented reality company that develops lightweight wearable devices for spatial computing. The company builds AR headsets that overlay digital content onto the physical world, initially targeting consumers before pivoting to enterprise use cases. | Plantation, United States | Private | $4.4B |
| 05 | Cerebras Systems | AI hardware company that builds the world's largest chip (WSE) for training and inference of large AI models. | Sunnyvale, US | Private | $2.8B |
| 06 | Saronic | Autonomous shipbuilder developing AI-powered unmanned surface vessels for the U.S. Navy and allied militaries. Building Port Alpha, a next-generation autonomous shipyard, alongside production facilities in Louisiana and Texas. Plans to build 20+ ships per year by 2027. Holds a $392M Navy contract. | Austin, United States | Private | $2.6B |
| 07 | Lambda | Provides GPU cloud computing infrastructure for AI training and inference, offering on-demand access to NVIDIA GPU clusters used by enterprises, research labs, and AI startups to build and deploy deep learning models. | San Francisco, United States | Private | $2.4B |
| 08 | Sierra Space | Space and defense technology company developing satellite platforms, the Dream Chaser reusable spaceplane, hypersonic technologies, and propulsion systems. Spun out of Sierra Nevada Corporation in 2021 to focus on commercial and national security space missions. Collaborating with Blue Origin on the Orbital Reef commercial space station. | Louisville, United States | Private | $2.2B |
| 09 | Figure AI | Builds general-purpose humanoid robots powered by AI for commercial applications in manufacturing, logistics, warehousing, and retail, aiming to address global labor shortages. | Sunnyvale, United States | Private | $1.8B |
| 10 | Skild AI | Skild AI develops generalist foundation models for robotics and physical-world AI intelligence, enabling robots to perform a wide range of tasks through embodied AI. | Pittsburgh, US | Private | $1.8B |
| 11 | Zipline | Zipline designs, manufactures, and operates autonomous delivery drones, running the world's largest commercial autonomous logistics network. The company began delivering blood and medical supplies to remote clinics in Rwanda in 2016 and has expanded to seven countries and consumer deliveries with partners like Walmart. Zipline has completed over 2 million commercial drone deliveries. | San Francisco, United States | Private | $1.8B |
| 12 | Groq | Designer of the Language Processing Unit (LPU), a custom AI inference chip built for speed and efficiency that takes a fundamentally different approach from GPUs, serving developers and Fortune 500 companies through its GroqCloud service | Mountain View, United States | Acquired | $1.8B |
| 13 | Relativity Space | Aerospace manufacturer using AI-driven robotics and metal 3D printing to build rockets, developing the fully reusable Terran R designed to compete with SpaceX's Falcon 9 for satellite deployment to low Earth orbit. | Long Beach, United States | Private | $1.4B |
| 14 | Slate Auto | Electric vehicle startup building radically simple, affordable, and customizable pickup trucks and SUVs manufactured in the United States, with a base price starting in the mid-$20,000s. Originally incubated as 'Re:Car' within Re:Build Manufacturing before spinning out as an independent company in 2023. Over 160,000 reservations. | Troy, United States | Private | $1.4B |
| 15 | Firmus Technologies | Australian AI data center builder backed by Nvidia. Project Southgate aims to build multiple AI-focused data centers across Australia in collaboration with Nvidia and CDC Data Centres. Preparing for ASX IPO later in 2026. | Melbourne, Australia | Private | $1.4B |
| 16 | Base Power Company | Austin-based energy technology startup that manufactures, installs, owns, and operates residential battery storage systems to provide homes with affordable, reliable backup power. The company operates as both a licensed electricity provider and a virtual power plant, pooling thousands of home batteries into a distributed energy network that strengthens the grid. | Austin, Texas, United States | Private | $1.3B |
| 17 | Form Energy | Developing low-cost, multi-day energy storage using rechargeable iron-air batteries capable of delivering electricity for 100 hours at less than 1/10th the cost of lithium-ion. The batteries work by reversibly rusting and de-rusting iron using water and air. Manufacturing at Form Factory 1 in Weirton, West Virginia (550,000 sq ft). Signed $1B deal with Google for 300MW/30GWh system powering its Minnesota data center. Planning IPO in 2027. | Somerville, US | Private | $1.2B |
| 18 | Physical Intelligence | Robotics AI company developing foundation models and learning algorithms that act as a universal brain capable of controlling any robot for any application, bringing general-purpose AI into the physical world | San Francisco, United States | Private | $1.1B |
| 19 | SHINE Technologies | Nuclear fusion company commercializing fusion-based technologies through a phased strategy: industrial testing (FLARE neutron source), medical isotopes (Lu-177 for cancer therapy, Mo-99 for diagnostics), nuclear waste recycling, and ultimately fusion energy. The Cassiopeia facility in Janesville, WI is the largest n.c.a. Lu-177 production facility in North America (200,000 doses/year capacity). Achieved first-ever visible Cherenkov radiation produced by fusion in 2023. | Janesville, US | Private | $1.0B |
| 20 | Peloton Interactive | Connected fitness company that pioneered the at-home interactive cycling and workout experience. Combines proprietary hardware (bikes, treadmills) with subscription streaming content and a large community of members. | New York City, United States | Public | $994M |
| 21 | Whoop | Human performance wearable company that builds a membership-based health and fitness tracker measuring strain, recovery, and sleep. The screenless WHOOP strap provides continuous biometric monitoring, used by professional athletes and consumers globally. | Boston, United States | Private | $981M |
| 22 | Apptronik | Humanoid robotics company building the Apollo general-purpose robot for manufacturing, logistics, and retail. Spun out of the University of Texas Human Centered Robotics Lab in 2016. | Austin, US | Private | $964M |
| 23 | Samsara | Pioneer of the Connected Operations Cloud, combining IoT hardware (sensors, telematics devices, AI-powered dash cams) with cloud-based software to help organizations improve safety, efficiency, and sustainability. Serves tens of thousands of customers across transportation, logistics, construction, and manufacturing. IPO'd on the NYSE in December 2021. | San Francisco, United States | Private | $930M |
| 24 | Beats Electronics | Premium consumer audio brand that made headphones, earphones, speakers, and launched Beats Music streaming service. Co-founded by hip-hop producer Dr. Dre and music executive Jimmy Iovine, it became the dominant premium headphone brand before Apple's largest-ever acquisition. | Culver City, US | Acquired | $869M |
| 25 | EquipmentShare | Construction technology and equipment solutions provider combining a large-scale equipment rental fleet with its proprietary T3 cloud platform for fleet management, telematics, and real-time operational visibility. Operates over 370 locations across the United States. | Columbia, US | Public | $838M |
| 26 | SiFive | RISC-V processor IP company providing chip blueprints to data center customers including Google. Open chip standard alternative to Arm Holdings. Building CPU designs for AI data centers as Arm shifts from pure IP licensor to direct chip maker, opening competitive ground for SiFive in the high-performance computing market. | Santa Clara, United States | Private | $775M |
| 27 | Astranis | Astranis builds small geostationary broadband satellites (MicroGEO) that are roughly 1/20th the size of traditional GEO spacecraft, drastically reducing manufacturing and launch costs. The company operates the satellites it builds and leases dedicated capacity to telecom and internet service providers, connecting underserved regions worldwide. | San Francisco, United States | Private | $758M |
| 28 | Verkada | Cloud-based physical security platform providing enterprise-grade video security cameras, access control, environmental sensors, and alarms managed through a single software platform | San Mateo, United States | Private | $744M |
| 29 | Skydio | Skydio is an American autonomous drone manufacturer that builds AI-powered drones for enterprise, public safety, and defense applications. The largest drone manufacturer in the United States, its autonomous flight platform is used by over 1,200 organizations including the U.S. Department of Defense. | San Mateo, United States | Private | $740M |
| 30 | Flock Safety | Flock Safety builds an integrated public safety platform combining AI-powered license plate readers, gunshot detection, video surveillance cameras, and Drone As First Responder technology. The company's technology is deployed in over 5,000 communities and 4,800 law enforcement agencies across the U.S., helping solve hundreds of crimes per day. | Atlanta, US | Private | $658M |
| 31 | Hadrian | Hadrian is building autonomous factories for precision manufacturing, using AI and robotics to produce complex parts for aerospace, defense, and space companies. The company operates software-defined factories where AI plans machining operations, robots handle material flow, and the system continuously optimizes for quality and throughput. Hadrian aims to rebuild America's precision manufacturing capacity to support national security and space exploration. | Los Angeles, United States | Private | $626M |
| 32 | Etched | Designs custom application-specific integrated circuits (ASICs) optimized exclusively for transformer-based AI models. Its first product, Sohu, is built on TSMC's 4nm process and claims to deliver over 500,000 tokens per second on Llama 70B. | Cupertino, US | Private | $625M |
| 33 | EnerVenue | Lithium-free energy storage company commercializing aqueous metal-hydrogen battery technology originally developed by NASA in the 1980s and adapted by Stanford professor Yi Cui. Energy storage vessels (ESVs) offer 30,000+ cycle life for grid-scale, industrial, and AI data center applications without fire risk or degradation. | Fremont, United States | Private | $620M |
| 34 | Mind Robotics | AI-enabled industrial robotics company building dexterous, adaptive robots for complex factory manufacturing tasks, spun out of Rivian Automotive in November 2025 with a focus on captured distribution through existing manufacturing partnerships. | Palo Alto, United States | Private | $615M |
| 35 | Nexthop AI | AI networking infrastructure company building custom switching platforms and disaggregated spine architectures optimized for AI data centers, serving hyperscale cloud providers with high-performance GPU-to-GPU interconnect solutions. | Santa Clara, United States | Private | $610M |
| 36 | MatX | MatX designs custom silicon optimized for large language model training and inference, aiming to deliver 10x more computing power per square millimeter than Nvidia GPUs. Founded by former Google TPU engineers, the company is building the MatX One processor featuring a splittable systolic array architecture with SRAM-first design. Manufacturing is planned through TSMC with initial shipments targeted for 2027. | Mountain View, California, United States | Private | $605M |
| 37 | IQM Quantum Computers | IQM is a European leader in superconducting quantum computing, designing and selling full-stack quantum computer systems. The company has sold 21 quantum systems to 13 customers and operates a quantum-dedicated chip fabrication facility in Espoo, Finland. IQM is going public via SPAC merger with Real Asset Acquisition Corp at a pre-money valuation of approximately $1.8 billion. | Espoo, FI | Private | $600M |
| 38 | Rebellions | South Korean fabless AI inference chip startup building the Rebel series of neural processing units to challenge Nvidia in AI inference. Backed by Samsung and the Korean government's 'K-Nvidia' initiative. Planning 2026 IPO and U.S. expansion. | Seoul, South Korea | Private | $549M |
| 39 | Radiant Industries | Radiant Industries develops portable nuclear microreactors designed to replace diesel generators with clean, zero-emissions power. The company's flagship product, Kaleidos, is a 1 MW reactor that fits inside a shipping container. Founded by former SpaceX engineers, Radiant plans to mass-produce microreactors from its factory in Oak Ridge, Tennessee. | El Segundo, United States | Private | $519M |
| 40 | Vast | Space habitat company developing the world's first commercial space station, Haven-1, designed for both crewed missions and in-space manufacturing. Founded by Stellar co-founder Jed McCaleb, the company is building a 100-meter-long rotating space station to enable long-term human habitation in orbit. | Long Beach, United States | Private | $500M |
| 41 | Science Corp | Neurotechnology company developing a brain-computer interface called Science Eye to restore vision for people with retinal diseases. Uses a thin-film microLED display implanted behind the retina. Founded by Neuralink co-founder Max Hodak. | Alameda, United States | Private | $490M |
| 42 | Valar Atomics | Nuclear reactor startup building small modular reactors (SMRs) designed to power AI data centers and produce synthetic fuels. Airlifted its first reactor from California to Utah aboard three C-17 Globemaster aircraft in February 2026. Targeting criticality before July 4, 2026, as part of the DOE pilot program. | El Segundo, United States | Private | $489M |
| 43 | Halter | New Zealand-based agtech company building GPS-enabled virtual fencing collars for livestock management. Uses AI, GPS, and audio cues to let ranchers remotely herd cattle from a smartphone without physical fences. | Auckland, New Zealand | Private | $468M |
| 44 | Rhoda AI | Robotics intelligence company building FutureVision, a platform that uses video-predictive control and Direct Video Action (DVA) models to enable robots to adapt and operate autonomously in real-world manufacturing and logistics environments. | Palo Alto, United States | Private | $450M |
| 45 | Blue Energy | Blue Energy develops prefabricated, modular nuclear power plants designed for centralized manufacturing in existing shipyards, reducing capital costs from over $10K/kW to $2K/kW and shrinking build times from 10 years to as little as 2 years. Applies mature light water reactor technology with passive safety features to a re-engineered construction model. First 1.5 GW project in Port of Victoria, Texas (partnered with Crusoe for AI data centers) begins construction Q3 2026. | Maryland, United States | Private | $425M |
| 46 | Axelera AI | Dutch semiconductor company developing high-performance, energy-efficient AI processing platforms for edge computing. Their Metis AI Platform delivers up to 214 TOPS of compute at a fraction of the power consumption of competing solutions, targeting applications in smart cities, retail analytics, industrial automation, and autonomous systems. | Eindhoven, NL | Private | $420M |
| 47 | Worldcoin | Decentralized identity and financial network using iris-scanning Orb hardware to verify unique humans, now rebranded as World | San Francisco, United States | Private | $375M |
| 48 | Bedrock Robotics | Autonomous construction technology company that retrofits heavy equipment like excavators with autonomous capabilities. Founded by ex-Waymo engineers. | San Francisco, US | Private | $350M |
| 49 | Frore Systems | Deep tech startup developing advanced solid-state and liquid cooling technology for AI chips and data centers, enabling higher performance and density in computing infrastructure. | San Jose, United States | Private | $340M |
| 50 | Ricursive Intelligence | Ricursive Intelligence is a frontier AI lab building AI systems to transform semiconductor design, founded by the co-creators of Google's AlphaChip. | Palo Alto, US | Private | $335M |
| 51 | EVAS Intelligence | Chinese AI computing chip company designing full-stack, self-developed RISC-V-based AI chips and computing platform solutions. The Epoch series AI processors combine a TPU-like architecture with the open-source RISC-V instruction set, natively support FP8 quantization, and target applications across autonomous vehicles, robotics, and AI infrastructure. R&D centers in Guangzhou, Shanghai, Beijing, Chengdu, Nanjing, and Tokyo. | Guangzhou, China | Private | $320M |
| 52 | Hermeus | Defense aviation company developing autonomous high-Mach unmanned aircraft for the U.S. military. Flew an F-16-sized demonstrator in March 2026, aiming for supersonic speeds in the next iteration. Building the fastest unmanned aircraft flying today. Total raised over $500M. | Los Angeles, United States | Private | $319M |
| 53 | Reliable Robotics | Reliable Robotics develops the Reliable Autonomy System (RAS), the first FAA-certifiable system designed to enable fully automated operation of existing fixed-wing aircraft. The hardware and software integrates with existing aircraft types to manage navigation, communication, and flight control without onboard pilots. Selected for DOT eIPP advanced aviation pilot program with commitments for over 200 systems. | Mountain View, United States | Private | $294M |
| 54 | Eight Sleep | Sleep technology company that develops AI-powered smart mattress covers with embedded sensors for temperature regulation, sleep tracking, and personalized health insights. The Pod mattress cover uses machine learning to optimize sleep quality by adjusting bed temperature throughout the night. | New York, New York, United States | Private | $292M |
| 55 | Imperative Care | Commercial-stage medtech company focused on thromboembolic disease including stroke and pulmonary embolism. Products include the Zoom Stroke System, Symphony Thrombectomy System, and the Telos robotic platform for automated stroke treatment. | Campbell, United States | Private | $270M |
| 56 | AMP Robotics | AMP Robotics builds AI-powered automation and robotics systems for the waste and recycling industry, using computer vision and machine learning to identify, sort, and process recyclable materials at scale across municipal solid waste and single-stream recycling facilities. | Louisville, United States | Private | $256M |
| 57 | Glydways | Glydways designs, manufactures, and operates networks of autonomous electric vehicles (Glydcars) on dedicated guideways, providing affordable mass transit that moves people at 10x the throughput and cost efficiency of existing systems. Deploying pilot networks in the UAE, New York City, and Atlanta. | South San Francisco, United States | Private | $246M |
| 58 | IQM Quantum Computers | Finnish quantum computing hardware company building full-stack superconducting quantum computers for on-premises deployment. Has sold 21 quantum systems to 13 customers. Preparing for a U.S. IPO via SPAC merger at $1.8B valuation. | Espoo, Finland | Private | $244M |
| 59 | XTEND | Software-first defense and security technology company specializing in AI-driven autonomous robotics (drones) across air, ground, and maritime. Core tech is XOS (XTEND Operating System) for remote multi-drone operation. 10,000+ systems deployed worldwide. Going public via $1.5B merger with JFB Construction Holdings (Nasdaq: XTND). | Tampa, US | Private | $242M |
| 60 | Quantum Art | Tel Aviv-based trapped-ion quantum computing company developing a 1,000-qubit multicore architecture, codenamed Perspective. Spinout from the Weizmann Institute of Science building scalable quantum systems and planning a Quantum-as-a-Service offering for enterprise and research customers. | Tel Aviv, Israel | Private | $240M |
| 61 | Eridu | AI networking infrastructure startup building novel high-radix switch systems and custom silicon to replace traditional tiered network architectures in AI data centers, enabling faster and more efficient AI training and inference. | Saratoga, United States | Private | $230M |
| 62 | Anki | Anki was a consumer robotics and AI company that built intelligent physical products including the Anki Drive/Overdrive autonomous racing game, the Cozmo programmable robot, and the Vector home robot. Founded by three Carnegie Mellon Robotics Institute graduates, the company raised over $200 million before shutting down in April 2019 after a critical funding deal fell through. | San Francisco, United States | Acquired | $201M |
| 63 | Sunday | Humanoid household robotics company building Memo, a personal robot that handles chores like laundry, dishes, and tidying up using AI trained on millions of real household routines | Mountain View, United States | Private | $200M |
| 64 | Advanced Navigation | Australian company developing positioning, navigation, and timing (PNT) technologies for autonomous systems that function when GPS signals are degraded or unavailable. Serves defense, maritime, robotics, and aerospace sectors with AI-powered navigation solutions. | Sydney, Australia | Private | $190M |
| 65 | Heron Power | Develops solid-state transformer technology for the modern electrical grid, replacing century-old transformer designs with modular, software-integrated power electronics. The flagship product, Heron Link, enables renewable energy, battery storage, and AI data center developers to connect directly to medium-voltage grids. | Scotts Valley, US | Private | $183M |
| 66 | Nominal | Nominal builds the unified, real-time test stack for physical systems. The platform helps engineering teams developing complex hardware (aircraft, satellites, autonomous vehicles, fusion energy systems, weapons programs) to test, validate, and monitor their systems continuously. | Los Angeles, US | Private | $183M |
| 67 | North | Canadian wearable technology company, originally founded as Thalmic Labs. First gained attention with the Myo gesture control armband, which used electromyography sensors to translate arm muscle activity into computer input (named one of Time Magazine's top inventions). Rebranded to North in 2018 and pivoted to Focals, everyday smart glasses with holographic display and Alexa integration. YC W13. Acquired by Google/Alphabet in June 2020 for a reported $180M. | Kitchener, Canada | Acquired | $176M |
| 68 | Roku | Leading streaming platform that manufactures digital media players and smart TVs, and operates The Roku Channel. Connects users to streaming content from hundreds of providers, serving as the top streaming device platform in the United States by market share. | San Jose, United States | Public | $168M |
| 69 | Ubicquia | Ubicquia provides AI-driven intelligent infrastructure platforms that attach to existing streetlights, distribution transformers, and utility poles to collect, process, and transmit operational data in real time. Their analytics platform processes over 3.5 billion data sets per day, serving 1,000+ utilities and municipalities globally. | Fort Lauderdale, US | Private | $161M |
| 70 | Matterport | Spatial data company that turns physical spaces into accurate, immersive 3D digital twins, combining hardware, software, and AI for real estate, construction, and insurance industries. | Sunnyvale, US | Acquired | $159M |
| 71 | Rigetti Computing | Rigetti Computing is a full-stack quantum computing company that designs and fabricates superconducting quantum processors, integrates them into quantum computers, and delivers access through its Quantum Cloud Services platform. The company operates the world's first dedicated quantum chip foundry. | Berkeley, US | Public | $155M |
| 72 | nEye.ai | nEye.ai develops MEMS-based silicon photonics optical circuit switches for AI data center infrastructure, replacing electrical switching with direct optical connections among GPUs and memory to deliver ultra-low latency, massive bandwidth, and superior power efficiency for next-generation AI fabrics. | Emeryville, United States | Private | $153M |
| 73 | Augmedics | Augmented reality surgical navigation pioneer that developed the xvision Spine System, the first FDA-cleared AR navigation platform for spine surgery. The system projects 3D visualization of a patient's spine directly into a surgeon's retina, providing real-time guidance during procedures. Used in nearly 13,000 spinal procedures with 97-100% accuracy. | Chicago, US | Acquired | $143M |
| 74 | Firestorm Labs | San Diego defense startup building xCell, a containerized 3D-printing drone factory that prints unmanned aerial systems in under 24 hours for forward-deployed military operations. Backed by Lockheed Martin Ventures, NEA, and In-Q-Tel. | San Diego, United States | Private | $142M |
| 75 | Sygaldry | Sygaldry Technologies builds quantum-accelerated AI servers that combine multiple qubit types within a single fault-tolerant architecture to exponentially speed up AI training and inference, reducing the cost and energy consumption of increasingly large models. Founded by quantum computing pioneer Chad Rigetti (ex-Rigetti Computing). | Ann Arbor, United States | Private | $139M |
| 76 | Sereact | Stuttgart-based physical AI software company building Cortex, a vision-language-action world model that lets industrial robots simulate candidate future trajectories before acting. Powers picking, packing, and manipulation across 200+ live systems at customers including BMW Group, Daimler Truck, PepsiCo, and Bol. | Stuttgart, Germany | Private | $136M |
| 77 | Performance Drone Works | Designer and manufacturer of modular military drones for defense and law enforcement. Founded by Special Operations veterans and elite drone pilots, PDW builds the C100 quadcopter, Attritable Munition strike drone, SIM flight simulator, and CORE mission planning software for contested environments. | Huntsville, Alabama, United States | Private | $135M |
| 78 | Aria Networks | AI-native networking hardware and software for data centers. Builds Ethernet switches (800G and 1.6T) and Cluster Software with AI reasoning for telemetry at 100-10,000x resolution of competitors. Hardware-agnostic platform works across AI chips from Nvidia and Google. Founded by Apstra CEO (sold to Juniper for ~$190M). | Palo Alto, United States | Private | $125M |
| 79 | Arc Boat Company | Electric vessel manufacturer building high-performance all-electric boats for consumer, commercial, and defense markets. Expanding from watercraft into electric tugboats and other marine applications. | Los Angeles, United States | Private | $124M |
| 80 | Moxion Power Co. | Moxion Power manufactured mobile energy storage products that enabled last-mile electrification across industries including construction, transportation, events, entertainment, film production, and telecommunications. The company offered zero-emission portable battery generators designed to replace traditional diesel generators, providing clean, quiet, and dependable temporary power. Founded in 2020 after co-founders Paul Huelskamp and Alex Meek witnessed diesel generators polluting their Mill Valley neighborhood during the 2019 California wildfire season. Moxion's units delivered 75 kilowatts of power and over 600 kilowatt-hours of energy. The company filed for Chapter 7 bankruptcy in August 2024 after investor funding fell through. | Richmond, US | Closed | $123M |
| 81 | Oculus VR | Oculus VR designed and manufactured the Oculus Rift virtual reality headset, widely credited with reviving the modern VR industry. Founded by Palmer Luckey after a record-breaking Kickstarter campaign, the company was acquired by Facebook (now Meta) in 2014 for approximately $2 billion. | Irvine, United States | Acquired | $93M |
| 82 | Cognichip | Artificial Chip Intelligence platform using physics-informed deep learning models built specifically for semiconductor design. Integrates physical constraints, circuit behavior, and manufacturing difficulties into the design process, reducing chip development costs by 75% and timelines by half. Working with 30+ semiconductor design companies. | Redwood City, United States | Private | $93M |
| 83 | Yubico | Developer of the YubiKey hardware security key for strong two-factor and passwordless authentication, protecting access to computers, networks, and online services | Stockholm, Sweden | Public | $92M |
| 84 | Accelsius | Develops two-phase, direct-to-chip liquid cooling systems for AI and high-performance computing data centers. Its proprietary NeuCool platform enables cooling for over 4500W per socket using safe dielectric refrigerants with zero ozone depletion potential. | Austin, US | Private | $89M |
| 85 | Alcatraz AI | AI-powered physical access control company that replaces badge-based and legacy biometric security with fully anonymized facial authentication via its Rock product. Serves the world's largest AI data centers, major U.S. airports, energy companies, NFL teams, and Fortune 100 companies. 300%+ YoY data center adoption growth. | Cupertino, United States | Private | $80M |
| 86 | Kindred | Kindred Systems built AI-powered robots for warehouse automation, specializing in picking, placing, and sorting items for e-commerce fulfillment. The company was one of the first to use deep reinforcement learning in production robotics, with its flagship SORT robot deployed across retail and logistics operations. | San Francisco, United States | Acquired | $79M |
| 87 | ChipAgents | ChipAgents (Alpha Design AI) is an agentic AI platform for semiconductor chip design and verification. The platform deploys coordinated AI agents that plan, reason, execute, and continuously improve across complex silicon programs, helping RTL design and verification engineers accelerate workflows by up to 10x. The company serves 80 leading semiconductor firms with multi-year licensing agreements. | San Jose, United States | Private | $74M |
| 88 | Matternet | Matternet develops autonomous drone networks for the delivery of medical and commercial goods in urban environments. The company's M2 drone delivery system was the first to achieve FAA Type Certification and Production Certification, and is operated by partners including UPS and Ameriflight across the US, Europe, and the Middle East. | Mountain View, United States | Private | $71M |
| 89 | Gather AI | Leader in Physical AI for logistics, deploying autonomous drones inside warehouses to scan and track inventory using AI-powered computer vision. Spun out of Carnegie Mellon University's Robotics Institute. | Pittsburgh, US | Private | $71M |
| 90 | RoboForce | Builds scalable Physical AI robots (TITAN platform) for demanding industrial environments including solar installation, data centers, shipping, and manufacturing. Has 11,000+ robot orders via LOI and deep collaboration with Nvidia. | Milpitas, United States | Private | $67M |
| 91 | Fitbit | Consumer electronics and fitness company that designed wearable activity trackers, smartwatches, and related software for tracking health metrics including steps, calories, sleep, and heart rate. | San Francisco, US | Acquired | $67M |
| 92 | Airware | Airware was a commercial drone operating system and platform company that provided hardware, software, and cloud services enabling enterprises to turn aerial data into actionable business intelligence. Based in San Francisco, the company raised over $118M from top-tier investors before shutting down in September 2018, with its assets acquired by French drone company Delair. | San Francisco, United States | Closed | $66M |
| 93 | Nervonik | Los Angeles-based clinical-stage medical device company developing next-generation peripheral nerve stimulation systems that integrate stimulation with real-time biomarker sensing (ECAPs). Spun out of Dr. Aydin Babakhani's UCLA Electrical and Computer Engineering lab to bring personalized neuromodulation to chronic pain. | Los Angeles, United States | Private | $66M |
| 94 | Assured Robot Intelligence | Bay Area humanoid AI foundation models startup co-founded April 2025 by NYU professor Lerrel Pinto and UCSD professor Xiaolong Wang. Built foundation models for humanoid whole-body control as a path to physical AGI. Acquired by Meta in May 2026 to anchor the Meta Robotics Studio inside Meta Superintelligence Labs. | San Francisco, United States | Acquired | $63M |
| 95 | Flexion | Building the 'brain' for humanoid robots using reinforcement learning and sim-to-real transfer from physics simulations. Founded January 2026 by ex-Nvidia researchers. Plans to deploy software to factory and warehouse customers. | Zurich, Switzerland | Private | $57M |
| 96 | Proxy | Privacy-first digital identity platform that used Bluetooth Low Energy to replace physical keys, cards, and badges. A smartphone emitted an identity signal picked up by sensors on doors, elevators, and turnstiles, functioning as a universal single sign-on for the physical world. | San Francisco, United States | Acquired | $57M |
| 97 | Rocsys | Delft-based hands-free robotic charging systems for autonomous EV fleets. Built the world's first multi-bay robotaxi charger, the M1, capable of serving up to 10 bays with one overhead unit. Customers across logistics, port, and robotaxi operators in Europe and the US. | Delft, Netherlands | Private | $55M |
| 98 | Monarch Quantum | Developer of integrated photonics hardware for quantum computing, sensing, and networking. Builds Quantum Light Engines for leading quantum companies including Quantinuum, Infleqtion, and NASA. Over $60M in customer contracts within six months of founding. | San Diego, United States | Private | $55M |
| 99 | Temple | Consumer wearable company building a sensor worn near the temple that continuously measures cerebral blood flow in real-time using advanced sensors and AI. Targets elite performance athletes with insights into cognitive metrics like memory, focus, stress, and sleep quality. Based on founder Deepinder Goyal's 'Gravity Ageing' hypothesis linking reduced cerebral blood flow to brain aging. | Gurugram, IN | Private | $54M |
| 100 | Critical Loop | Critical Loop builds modular, relocatable microgrids that connect industrial sites to power in days or weeks instead of waiting years for permanent grid upgrades. Combines battery storage, generation, and Cygnus software-defined power controller into a single deployable platform for factories, data centers, EV charging sites, and airports. | Los Angeles, United States | Private | $49M |
| 101 | XCath | Surgical robotics company developing the Iris endovascular robotic system, the only such system in development to achieve intracranial navigation for neurointerventional treatment of brain aneurysms | Houston, United States | Private | $46M |
| 102 | ODC | AI-Native Radio Access Network (AI-RAN) technology company developing the Odyssey RAN software platform that transforms conventional mobile towers into edge computing hubs for AI inference, sensing, and edge intelligence. | Washington, United States | Private | $45M |
| 103 | RLWRLD | Physical AI company developing robotics foundation models that enable human-level dexterity and perception for machines. Builds real-world intelligence through software trained directly in live industrial environments, revolutionizing manufacturing and logistics by allowing robots to see, feel, and act with the precision and adaptability of human hands. | Seoul, KR | Private | $41M |
| 104 | Lace | Norway-based deep-tech startup building atomic-level chipmaking technology using helium atom lithography for semiconductor fabrication. Offers a fundamentally new approach to chip manufacturing at sub-nanometer precision. | Oslo, Norway | Private | $40M |
| 105 | ANEUVO | Developer of non-invasive neuromodulation technology for spinal cord injury rehabilitation. The ExaStim Stimulation System is a portable bioelectronic device that sends electrical pulses through a 16-channel multi-electrode array to stimulate nerves along the spinal cord. FDA Breakthrough Device Designation. CE Mark certified in 2025. | Los Angeles, United States | Private | $40M |
| 106 | Drishti Technologies | Drishti Technologies used AI-powered computer vision and video analytics to digitize and analyze manual assembly line activities in manufacturing. The platform used action recognition and deep learning to create time-and-motion data from video streams, helping manufacturers improve quality, productivity, and traceability. Served major customers including Ford, Toyota, DENSO, and Nissan before being acquired by Apple in 2023. | Mountain View, California, United States | Acquired | $37M |
| 107 | NanoTech Materials | NanoTech Materials is an advanced-materials company developing high-performance coatings built on its patented Insulative Ceramic Particle (ICP) technology. Products (Cool Roof Coat, Insulative Coat, Wildfire Shield) are applied to buildings and critical infrastructure to cut HVAC energy consumption and provide fire resistance, with Wildfire Shield engineered to withstand 3,272F without toxic byproducts. | Katy, United States | Private | $34M |
| 108 | Claros | Develops chip-level power infrastructure with integrated voltage regulators that funnel power directly to chips, cutting heat conversion loss and enabling 30% energy savings. Also building modular DC-powered data centers. | McLean, United States | Private | $30M |
| 109 | Aerodome | Aerodome builds the world's first fully remote, fully automated, multi-station drone-as-first-responder (DFR) platform, providing next-generation air support capabilities for public safety agencies including police, fire, and rescue teams. | West Hollywood, United States | Acquired | $28M |
| 110 | All3 | London-based construction tech company combining AI-driven design with autonomous legged robots and robotic fabrication to deliver custom residential and commercial buildings at mass-production cost and speed. R&D in London and Belgrade with commercial offices in Berlin and Zug. | London, United Kingdom | Private | $25M |
| 111 | Aliro Quantum | Develops physics-based cybersecurity technology that shifts digital trust from computational assumptions to physical law. Spun out of NarangLab at Harvard, Aliro's vendor-agnostic software stack operates over existing optical fiber networks and supports 50+ entanglement and classical network devices. | Boston, US | Private | $23M |
| 112 | Rivr | Swiss maker of stair-climbing delivery robots with four legs and wheels that travel up to 15 km/h, carry 30 kg, and navigate stairs. Acquired by Amazon to enable doorstep delivery via robotics. | Zurich, Switzerland | Acquired | $22M |
| 113 | Bellabeat | Femtech wellness company that designs fashionable health-tracking wearables and a subscription wellness service for women. Products including Leaf, Ivy, and Time track cycle, sleep, activity, stress, and reproductive health. Participated in Y Combinator W14, voted most likely to succeed by its cohort. | San Francisco, US | Private | $19M |
| 114 | Helix Earth | Developer of NASA-derived retrofit devices for commercial HVAC systems. Deploys Helix MICRA units using accelerated liquid-gas chemistry to pre-dehumidify air, cutting energy use by up to 50% without replacing existing rooftop units. Technology originally designed to protect astronauts in spacecraft environments. | Houston, United States | Private | $18M |
| 115 | Scalvy | Distributed power delivery company with a patented Power Neuron platform that distributes power conversion across compact, software-coordinated modules with built-in energy storage for AI data centers, energy storage, and electric mobility. | Austin, United States | Private | $17M |
| 116 | C2i Semiconductors | Builds plug-and-play, system-level power management solutions for AI data centers and cloud infrastructure, designing configurable platform-based power architectures that span from grid to core. | Bengaluru, IN | Private | $15M |
| 117 | Spintly | IoT-based smart building platform providing wireless, cloud-based access control, attendance tracking, and visitor management. BLE mesh architecture replaces traditional wired systems with smartphone-based contactless entry. Product suite includes Bluetooth/NFC readers, QR scanners, biometric systems, and AI-powered video surveillance. Serves 500+ enterprise clients across India, US, and Middle East with 500,000+ users across 24M sq ft of real estate. Holds 7 patents. | Goa, IN | Private | $14M |
| 118 | Bear Flag Robotics | Builds autonomous driving technology for farm tractors, enabling growers to automate and optimize common tasks. The system retrofits existing tractors with sensors, computer vision, and autonomy software for unmanned operation, increasing productivity and improving safety. | Newark, US | Acquired | $13M |
| 119 | Caper AI | Builds AI-powered smart shopping carts and checkout counters for grocery and retail stores. Using computer vision, sensor fusion, and machine learning trained on over 20 million product images, Caper's hardware lets shoppers scan items as they add them to the cart and self-checkout without a cashier. | New York, US | Acquired | $12M |
| 120 | SPARK Microsystems | Canadian semiconductor company developing ultra-low-power, ultra-wideband (UWB) wireless transceiver chips for IoT location tracking and communication. Offers sub-nanosecond latency and significantly lower power consumption than Bluetooth or WiFi. | Montreal, Canada | Private | $12M |
| 121 | Fauna Robotics | Built the 'Sprout' bipedal humanoid robot (42 inches tall, 50 lbs, priced at $50,000). Former customers included Disney and Boston Dynamics. Founded 2024 by former Meta and Google engineers. | New York, United States | Acquired | $12M |
| 122 | Oklo | Oklo is an advanced nuclear technology company designing and deploying next-generation fast fission power plants. The company's Aurora powerhouse uses metal-fueled fast reactor technology to generate clean energy, while also pioneering nuclear fuel recycling. | Santa Clara, US | Public | $6M |
| 123 | Apple | Consumer electronics and software company known for the iPhone, Mac, iPad, and Apple Watch. Operates the App Store, Apple Music, iCloud, and Apple TV+ services. | Cupertino, US | Public | - |
| 124 | Nvidia | Designer of GPUs and AI computing platforms. Powers most of the world's AI training and inference infrastructure with its CUDA ecosystem and data center accelerators. | Santa Clara, US | Public | - |
| 125 | Mellanox Technologies | Designer of high-performance networking equipment including InfiniBand and Ethernet adapters, switches, and cables for data centers. | Yokneam, Israel | Acquired | - |
| 126 | VB Spine | The largest privately held spine company in the world, created through Viscogliosi Brothers' acquisition of Stryker's U.S. Spine Business in April 2025. Building an enhanced visualization portfolio for spine surgery. | New York, US | Private | - |
| 127 | NCR Atleos | Financial technology company focused on self-service banking infrastructure, primarily ATMs, for banks and retailers worldwide. Operates the largest surcharge-free ATM network (Allpoint) and provides ATM-as-a-Service outsourcing solutions. Created through the October 2023 spin-off of NCR Corporation's ATM and self-service banking business. Being acquired by Brink's for $6.6B (announced Feb 2026). | Atlanta, US | Private | - |