Today's top #BusinessModel report is on Top Business Models in High Tech Report https://tracxn.com/platform/file-manager/file/ZmlsZUlkPUx5U0Qya01PRm9QbHJCTUM0UG9QVFJUeWJselF0RHJzSGU0dFlWMG5uWEk%3D Get our free reports on geography of your interest to your mailbox regularly https://tracxn.com/p/reports

1. TRACXN TOP BUSINESS MODELS REPORT
October 27, 2023
HIGH TECH

2. High Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
High Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. High Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Funding in last 1 year
3
AI Infrastructure $16.5B
Generative AI $15.1B
Natural Language Processing $13.6B
Web 3.0 $5.2B
Drones $3.7B
Computer Vision $3.3B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Shima Capital
Polygon
90
18
15
Early
Stage
Andreessen Horowitz
European Union
Polychain
14
13
12
Late
Stage
Andreessen Horowitz
NVIDIA
Google Ventures
10
6
5
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (65%)
China (6%)
United Kingdom (5%)
Canada (4%)
Israel (3%)
Germany (3%)
France (3%)
Others (12%)
$ Funding # Rounds
OpenAI
(2015, United States)
$10.0B - Series E
Anduril
(2017, United States)
$1.5B - Series E
Inflection
(2022, United States)
$1.3B - Series E
SandboxAQ
(2022, United States)
$500M - Series A
Anthropic
(2021, United States)
$450M - Series C
Adept
(2017, United States)
$350M - Series B
Denodo
(1999, United States)
$336M - Series B
Zipline
(2014, United States)
$330M - Series F
OpenAI
(2015, United States)
$300M - Series E
Beijing Baichuan Intel..
(2023, China)
$300M - Series A
United Aircraft Techno..
(2014, China)
$291M - Series D
Beijing Zhonghangzhi T..
(2012, China)
$291M - Series D

4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲9 Generative AI Chatbots $11.5B 30 OpenAI | $10.0B | Series E Link
2-- Artificial General Intelligence $11.4B 12 OpenAI | $10.0B | Series E Link
3-- Military Drone $1.7B 4 Anduril | $1.5B | Series E Link
4▲39 Conversational AI platforms $1.5B 13 Inflection | $1.3B | Series E Link
5-- AI Chatbot Assistants $1.5B 10 Inflection | $1.3B | Series E Link
6-- Commercial Drones $1.1B 20 United Aircra.. | $291M | Series D Link
7▼6 Blockchain Protocols $755M 117 Aztec | $100M | Series B Link
8▲1 NLP based Text Analytics $675M 24 Cohere | $270M | Series C Link
9▼1 Surgical Robots $673M 17 CMR Surgical | $165M | Series D Link
10▲17 Data Science Platforms $610M 10 Denodo | $336M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼9 AI Processors $598M 37 Shanghai Liao.. | $274M | Series D Link
12▲18 Professional Service Robots $403M 23 Telexistence | $170M | Series B Link
13▼10 Dapp Development Platforms $396M 62 Blocto | $80.0M | Series A Link
14-- ZK Rollups $395M 18 Matter Labs | $200M | Series C Link
15-- Generative AI in RPA $350M 2 Adept | $350M | Series B Link
16▲6 Drone-based Package Delivery Services $348M 10 Zipline | $330M | Series F Link
17▲3 Machine Learning Platforms $334M 35 Modular | $100M | Series A Link
18-- Invasive BCI $333M 3 Neuralink | $280M | Series D Link
19-- Computer Vision in Aviation $331M 6 Skydio | $230M | Series E Link
20-- Generative AI Drug Discovery $274M 5 Genesis Thera.. | $224M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▼16 PIAM $261M 49 Brivo | $92.0M | Series C Link
22-- AI Video Generator $257M 18 Runway | $141M | Series C Link
23▼4 Image Recognition $254M 30 Everseen | $71.3M | Series A Link
24▼18 Blockchain Security $235M 34 Ledger | $109M | Series C Link
25▲3 IoT in Energy $219M 24 BrainBox AI | $30.0M | Series B Link
26▼19 Warehouse Robotics $203M 22 ATTAbotics | $71.7M | Series C Link
27-- Superconducting Quantum Computer $200M 6 PASQAL | $109M | Series B Link
28▲12 Computer Vision in Retail $199M 9 Everseen | $71.3M | Series A Link
29▲9 Biodegradable Polymers $181M 29 Newlight Tech.. | $125M | Series F Link
30▼12 Computer Vision in Automotive Industry $180M 9 Pony.ai | $100M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲3 Cryptocurrency Mining $177M 15 EigenLayer | $50.0M | Series A Link
32-- Drone Surveillance System $174M 3 Shield AI | $114M | Series E Link
33▼22 Commercial Satellite Imaging $165M 9 Capella Space | $60.0M | Series C Link
34▲7 Remote Patient Monitoring $165M 20 InfoBionic | $57.8M | Series D Link
35-- AI Conversation Intelligence $155M 3 Character.ai | $150M | Series A Link
36-- Computer Vision in Health Care $153M 9 Moon Surgical | $55.4M | Series B Link
37-- Data Annotation Tools $140M 23 Granica | $45.0M | Series A Link
38▼13 Sustainable Fabrics $137M 16 Ambercycle | $74.4M | Series B Link
39-- Sidechains $136M 3 Blockstream | $125M | Series B Link
40-- Satellite IoT Connectivity $136M 3 Mangata Netwo.. | $102M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- ID Verification Software $129M 1 Quantexa | $129M | Series E Link
42▼18 Security and Surveillance Technology $129M 4 Verkada | $100M | Series D Link
43-- IoT in Healthcare $126M 11 Spencer Heal.. | $43.0M | Series D Link
44-- Video Surveillance and Analytics $126M 34 Solink | $60.0M | Series C Link
45-- Drone Aerial Surveying $125M 5 Quantum-Syst.. | $67.5M | Series B Link
46▼17 Location Analytics Tools $125M 9 HawkEye 360 | $58.0M | Series D Link
47-- AR HUD $125M 5 Envisics | $50.0M | Series C Link
48-- Wearable CGM $124M 9 Osler Diagno.. | $85.0M | Series C Link
49▼12 Social Metaverse $112M 10 Everdome | $60.0M | Seed Link
50-- Computer Vision in Manufacturing $112M 9 Bright Machines | $100M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
OpenAI (2015, United States)
$300M - Series E - Apr 2023
$10.0B - Series E - Jan 2023
Anthropic (2021, United States)
$100M - Series C - Aug 2023
$450M - Series C - May 2023
Beijing Baichuan Inte.. (2023, China)
$300M - Series A - Oct 2023
Mistral AI (2019, France)
$113M - Seed - Jun 2023
Reka (2022, United States)
$58.0M - Series A - Jun 2023
View all 30 Funding Rounds on Tracxn Platform
Generative AI Chatbots
01
9
Back to index
Generative AI (Notion)
(# Cos: 1559 | $31.2B)
Industry Agnostic Applications (Replit)
(# Cos: 730 | $21.5B)
Horizontal (OpenAI)
(# Cos: 176 | $13.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$11.5B (▲1595%)
30(▲1400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$13.3B
36
1
176
7
OpenAI
(2015, United States, $11.3B)
Anthropic
(2021, United States, $1.3B)
Appen
(1996, Australia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
OpenAI (2015, United States)
$300M - Series E - Apr 2023
$10.0B - Series E - Jan 2023
Adept (2017, United States)
$350M - Series B - Mar 2023
Beijing Baichuan Inte.. (2023, China)
$300M - Series A - Oct 2023
$50.0M - Angel - Apr 2023
Light Years Beyond (China)
$230M - Series D - Jun 2023
Mistral AI (2019, France)
$113M - Seed - Jun 2023
View all 12 Funding Rounds on Tracxn Platform
Artificial General Intelligence
02
10
Back to index
AI Infrastructure (Arm)
(# Cos: 4895 | $56.2B)
Machine Intelligence Systems (Scale)
(# Cos: 866 | $22.2B)
Artificial General Intelligence (OpenAI)
(# Cos: 63 | $12.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$11.4B ( -- )
12( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$12.7B
34
-
63
8
OpenAI
(2015, United States, $11.3B)
DeepMind
(2011, United Kingdom, $50.0M)
Adept
(2017, United States, $415M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Military Drone
03
11
Back to index
Drones (Anduril)
(# Cos: 4415 | $13.4B)
Military Drones (Northrop Grumman)
(# Cos: 235 | $3.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.7B ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$3.9B
64
4
235
4
Northrop Grumman
(1939, United States, $750M)
Anduril
(2017, United States, $2.3B)
Shield AI
(2015, United States, $663M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Anduril (2017, United States)
$1.5B - Series E - Dec 2022
Shield AI (2015, United States)
$114M - Series E - Sep 2023
$60.0M - Series E - Dec 2022
Teal Drones (2014, United States)
$1.2M - Series A - Jun 2023

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Inflection (2022, United States)
$1.3B - Series E - Jun 2023
Poolside (2023, France)
$100M - Seed - Aug 2023
$26.0M - Seed - May 2023
Druid (2018, Romania)
$30.0M - Series B - Aug 2023
Hyro (2018, United States)
$20.0M - Series B - May 2023
NLX (2017, United States)
$4.6M - Seed - Dec 2022
HumanFirst (2017, Canada)
$3.8M - Seed - Jul 2023
View all 13 Funding Rounds on Tracxn Platform
Conversational AI platforms
04
12
Back to index
Natural Language Processing (Elastic)
(# Cos: 2961 | $29.2B)
NLP Platforms (Otter.ai)
(# Cos: 944 | $17.5B)
Conversational AI (Gupshup)
(# Cos: 587 | $3.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5B (▲378%)
13(▲18.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
38
$3.6B
201
4
587
35
Gupshup
(2004, India, $386M)
Nuance
(1992, United Kingdom)
Inflection
(2022, United States, $1.5B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Inflection (2022, United States)
$1.3B - Series E - Jun 2023
Character.ai (2022, United States)
$150M - Series A - Mar 2023
Luzia (2023, Spain)
$10.0M - Series A - Oct 2023
millionways (2017, United States)
$10.0M - Seed - Apr 2023
Foyer (2021, United States)
$8.4M - Series A - May 2023
BrainLogic (2019, United States)
$5.0M - Seed - Aug 2023
Voiceitt (2012, Israel)
$4.7M - Series A - Dec 2022
View all 10 Funding Rounds on Tracxn Platform
AI Chatbot Assistants
05
13
Back to index
Chatbots (Freshworks)
(# Cos: 5557 | $15.5B)
Personal Assistants (Dialogue)
(# Cos: 608 | $3.3B)
General Assistants (SoundHound)
(# Cos: 230 | $2.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5B ( -- )
10( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$2.5B
61
2
230
13
SoundHound
(2005, United States, $356M)
Inflection
(2022, United States, $1.5B)
Character.ai
(2022, United States, $193M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
United Aircraft Techn.. (2014, China)
$291M - Series D - Mar 2023
Beijing Zhonghangzhi .. (2012, China)
$168M - Series D - Jun 2023
$291M - Series D - Mar 2023
Skydio (2014, United States)
$230M - Series E - Feb 2023
Percepto (2014, Israel)
$67.0M - Series C - Jun 2023
Garuda Aerospace (2015, India)
$17.0M - Series A - Feb 2023
Aerofugia (2017, China)
$13.8M - Series A - Jun 2023
View all 20 Funding Rounds on Tracxn Platform
Commercial Drones
06
14
Back to index
Drones (Northrop Grumman)
(# Cos: 4415 | $13.4B)
Commercial Drones (ideaForge)
(# Cos: 1095 | $3.5B)
Multi Utility (Skydio)
(# Cos: 657 | $2.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.1B ( -- )
20( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
27
$2.3B
172
9
657
23
Skydio
(2014, United States, $570M)
ideaForge
(2007, India, $46.6M)
DJI
(2006, China, $105M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Protocols
07
15
Back to index
Blockchain Infrastructure (Animoca Brands)
(# Cos: 7572 | $27.0B)
Blockchain Network (Ripple)
(# Cos: 1877 | $9.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$755M (▼79.2%)
117(▼13.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$9.6B
706
5
1877
122
Ripple
(2011, United States, $295M)
Algorand
(2017, United States, $66.0M)
Aptos
(2021, United States, $350M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aztec (2018, United Kingdom)
$100M - Series B - Dec 2022
Zyber 365 (2023, United Kingdom)
$100M - Series A - Jul 2023
Taurus (2018, Switzerland)
$65.0M - Series B - Feb 2023
Futureverse (2022, United States)
$54.0M - Series A - Jul 2023
Berachain (2022, Cayman Islands)
$42.0M - Series A - Dec 2022
sei (2022)
$30.0M - Series B - Apr 2023
Sei (2021, United States)
$30.0M - Series B - Apr 2023
View all 117 Funding Rounds on Tracxn Platform

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Cohere (2019, Canada)
$270M - Series C - May 2023
AI21 Labs (2017, Israel)
$155M - Series C - Aug 2023
Pryon (2017, United States)
$100M - Series B - Sep 2023
Primer (2015, United States)
$69.0M - Series D - Jun 2023
Vectara (2014, United States)
$28.5M - Seed - May 2023
Unstructured (2022, United States)
$25.0M - Series A - Jul 2023
AppOrchid (2013, United States)
$6.3M - Series B - Dec 2022
View all 24 Funding Rounds on Tracxn Platform
NLP based Text Analytics
08
16
Back to index
Natural Language Processing (Otter.ai)
(# Cos: 2961 | $29.2B)
Industry Agnostic Applications (Primer)
(# Cos: 1404 | $8.3B)
Text Analytics (Elastic)
(# Cos: 777 | $4.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$675M (▼15.3%)
24(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
89
$4.6B
310
9
777
49
Elastic
(2012, United States, $104M)
Primer
(2015, United States, $237M)
data.ai
(2010, United States, $157M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
CMR Surgical (2014, United Kingdom)
$165M - Series D - Sep 2023
Distalmotion (2012, Switzerland)
$150M - Series F - Apr 2023
Cornerstone Robotics (2019, China)
$110M - Series C - Jul 2023
Moon Surgical (2020, France)
$55.4M - Series B - May 2023
Ronovo Surgical (2019, China)
$50.0M - Series A - Dec 2022
MicroSure (2014, Netherlands)
$39.8M - Series B - Oct 2023
Virtual Incis.. (2006, United States)
$30.0M - Series C - Jun 2023
View all 17 Funding Rounds on Tracxn Platform
Surgical Robots
09
17
Back to index
Professional Service Robots (ABB)
(# Cos: 3059 | $27.3B)
Healthcare (Opentrons)
(# Cos: 391 | $7.0B)
Surgery (Intuitive)
(# Cos: 197 | $5.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$673M (▼15.8%)
17(▼41.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$5.7B
130
13
197
32
Intuitive
(1995, United States, $17.0M)
CMR Surgical
(2014, United Kingdom, $1.2B)
Stereotaxis
(1990, United States, $52.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Denodo (1999, United States)
$336M - Series B - Sep 2023
Dataiku (2013, United States)
$200M - Series F - Dec 2022
Virtualitics (2016, United States)
$37.1M - Series C - May 2023
$4.2M - Series B - Dec 2022
Mind Foundry (2015, United Kingdom)
$22.0M - Series B - Oct 2023
Hopsworks (2018, United States)
$6.5M - Series A - Jun 2023
Kodex (2021, Germany)
$1.7M - Seed - Oct 2023
View all 10 Funding Rounds on Tracxn Platform
Data Science Platforms
10
18
Back to index
AI Infrastructure (Arm)
(# Cos: 4895 | $56.2B)
Machine Intelligence Systems (Scale)
(# Cos: 866 | $22.2B)
Data Science Platforms (Dataiku)
(# Cos: 139 | $4.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$610M (▲59.2%)
10(▼9.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$4.5B
70
1
139
23
Dataiku
(2013, United States, $847M)
DataRobot
(2012, United States, $1.1B)
Anaconda
(2012, United States, $41.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
AI Processors
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$598M (▼75.8%)
37(▼30.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
18
$12.9B
195
14
271
60
AI Infrastructure (Scale)
(# Cos: 4895 | $56.2B)
Enabling Technologies (Graphcore)
(# Cos: 855 | $16.7B)
Hardware (SambaNova Systems)
(# Cos: 293 | $13.0B)
Processors (Arm)
(# Cos: 271 | $12.9B)
Arm
(1990, United Kingdom)
SambaNova Systems
(2017, United States, $1.1B)
Graphcore
(2016, United Kingdom, $767M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Shanghai Liaoyuan Tec.. (2018, China)
$274M - Series D - Sep 2023
Lightmatter (2012, United States)
$154M - Series C - May 2023
Tenstorrent (2016, Canada)
$100M - Series C - Aug 2023
Celestial AI (2020, United States)
$100M - Series B - Jun 2023
EdgeQ (2020, United States)
$75.0M - Series B - Apr 2023
Syntiant (2017, United States)
$56.4M - Series C - Sep 2023
MangoBoost (2022, South Korea)
$55.0M - Series A - Oct 2023
View all 37 Funding Rounds on Tracxn Platform

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Professional Service Robots
12
20
Back to index
Professional Service Robots (GreyOrange)
(# Cos: 3059 | $27.3B)
Multi Utility (ABB)
(# Cos: 493 | $3.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$403M (▲13%)
23(▼4.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$3.9B
161
6
493
38
ABB
(1883, Switzerland)
Sarcos
(1983, United States, $85.7M)
Clearpath Robotics
(2009, Canada, $85.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Telexistence (2017, Japan)
$170M - Series B - Jul 2023
CloudMinds (2015, United States)
$139M - Series C - Jul 2023
Figure (2022, United States)
$9.0M - Series A - Jul 2023
$70.0M - Series A - May 2023
Copperstone Technolo.. (2014, Canada)
$5.8M - Series A - Dec 2022
Agadexo Exoskeleton (2020, Italy)
$4.3M - Series A - May 2023
Keybotic (2019, Spain)
$3.3M - Seed - May 2023
View all 23 Funding Rounds on Tracxn Platform

21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Dapp Development Platforms
13
21
Back to index
Blockchain Infrastructure (Ripple)
(# Cos: 7572 | $27.0B)
Application Development Platforms (Animoca
Brands)
(# Cos: 1336 | $5.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$396M (▼77.1%)
62(▼50.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$5.5B
457
2
1336
56
Animoca Brands
(2006, China, $858M)
Alchemy
(2017, United States, $564M)
Digital Asset
(2014, United States, $317M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Blocto (2019, Taiwan)
$80.0M - Series A - Feb 2023
QuickNode (2017, United States)
$60.0M - Series B - Jan 2023
RECUR (1998, United States)
$50.0M - Series A - Aug 2023
Kresus (2022, United States)
$25.0M - Series A - Mar 2023
Animoca Brands (2006, China)
$20.0M - Series C - Sep 2023
IYK (2021, United States)
$18.9M - Seed - Aug 2023
Omni (2014)
$18.0M - Series B - Apr 2023
View all 62 Funding Rounds on Tracxn Platform

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
ZK Rollups
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$395M ( -- )
18( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.8B
29
-
49
6
Blockchain Infrastructure (Animoca Brands)
(# Cos: 7572 | $27.0B)
Middleware (MathWallet)
(# Cos: 381 | $3.5B)
Rollups (Optimism)
(# Cos: 67 | $2.2B)
Zero Knowledge (StarkWare)
(# Cos: 49 | $1.8B)
StarkWare
(2017, Israel, $262M)
Matter Labs
(2019, Germany, $458M)
Immutable
(2018, Australia, $857M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Matter Labs (2019, Germany)
$200M - Series C - Nov 2022
Layr Labs (2021, United States)
$56.7M - Series C - Mar 2023
Scroll (2013, Seychelles)
$50.0M - Series B - Mar 2023
Proven (2022, United States)
$15.8M - Seed - Mar 2023
Taiko (2022, China)
$12.0M - Seed - Jun 2023
LayerAI (2022, United Arab Emirates)
$10.0M - Series A - Apr 2023
Caldera (2022, United States)
$9.0M - Seed - Feb 2023
View all 18 Funding Rounds on Tracxn Platform

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Adept (2017, United States)
$350M - Series B - Mar 2023
Zero (2015, United States)
Undisclosed - Series B - Mar 2023
Generative AI in RPA
15
23
Back to index
Generative AI (ThoughtSpot)
(# Cos: 1559 | $31.2B)
Enterprise Applications (Notion)
(# Cos: 495 | $5.2B)
Robotic Process Automation (Adept)
(# Cos: 12 | $468M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$350M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$468M
6
-
12
3
Adept
(2017, United States, $415M)
Magical
(2020, United States, $41.0M)
Zero
(2015, United States, $12.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Drone-based Package Delivery Services
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$348M (▼18.2%)
10(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.6B
60
2
130
12
Drones (Northrop Grumman)
(# Cos: 4415 | $13.4B)
Tech Enabled Services (Terra Drone Corp)
(# Cos: 1402 | $3.0B)
Logistics (Flytrex)
(# Cos: 136 | $1.7B)
Drone Delivery (Zipline)
(# Cos: 130 | $1.6B)
Zipline
(2014, United States, $900M)
Flytrex
(2013, Israel, $60.0M)
Elroy Air
(2016, United States, $60.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zipline (2014, United States)
$330M - Series F - May 2023
Swoop Aero (2017, Australia)
$10.0M - Series B - Dec 2022
Avion (2018, United States)
$4.7M - Series A - Aug 2023
Aviant (2020, Norway)
$2.3M - Seed - Nov 2022
FlyingBasket (2015, Italy)
$2.1M - Seed - Jun 2023
Speedbird (2019, Brazil)
$2.1M - Seed - Aug 2023
Drone Express (2011, United States)
$1.7M - Seed - Aug 2023
View all 10 Funding Rounds on Tracxn Platform

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Modular (2022, United States)
$100M - Series A - Aug 2023
Reka (2022, United States)
$58.0M - Series A - Jun 2023
Weights & Bia.. (2017, United States)
$50.0M - Series C - Aug 2023
Striveworks (2018, United States)
$33.0M - Series C - Jun 2023
MindsDB (2017, United States)
$25.0M - Series B - Jun 2023
$16.5M - Series A - Feb 2023
Calypso (2018, United States)
$23.0M - Series A - Jun 2023
View all 35 Funding Rounds on Tracxn Platform
Machine Learning Platforms
17
25
Back to index
AI Infrastructure (Arm)
(# Cos: 4895 | $56.2B)
Machine Intelligence Systems (OpenAI)
(# Cos: 866 | $22.2B)
Machine Learning Platforms (Scale)
(# Cos: 406 | $4.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$334M (▼27.5%)
35( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$4.3B
164
1
406
37
Scale
(2016, United States, $603M)
Determined AI
(2017, United States, $13.6M)
FogHorn
(2014, United States, $70.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Invasive BCI
18
26
Back to index
Brain Computer Interface (MindMaze)
(# Cos: 237 | $1.9B)
Invasive Interface (Neuralink)
(# Cos: 4 | $669M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$333M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$669M
3
-
4
3
Neuralink
(2016, United States, $552M)
Paradromics
(2015, United States, $91.3M)
BIOS
(2015, United Kingdom, $26.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neuralink (2016, United States)
$280M - Series D - Aug 2023
Paradromics (2015, United States)
$33.0M - Series A - Apr 2023
BIOS (2015, United Kingdom)
$20.0M - Series A - Jun 2023

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Skydio (2014, United States)
$230M - Series E - Feb 2023
Helm (2016, United States)
$55.0M - Series C - Dec 2022
Slingshot Aer.. (2016, United States)
$40.8M - Series A - Dec 2022
Buzz Solutions (2017, United States)
$3.3M - Series A - Dec 2022
Aiir Innovations (2016, Netherlands)
$2.3M - Series A - Feb 2023
Assaia (2017, Switzerland)
Undisclosed - Seed - Jun 2023
Computer Vision in Aviation
19
27
Back to index
Computer Vision (Mobileye)
(# Cos: 2908 | $30.3B)
Industry Specific Applications (Anduril)
(# Cos: 1152 | $18.4B)
Aviation (Skydio)
(# Cos: 66 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$331M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
36
-
66
10
Skydio
(2014, United States, $570M)
Slingshot Aerospace
(2016, United States, $111M)
Helm
(2016, United States, $124M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Generative AI Drug Discovery
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$274M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.7B
17
3
20
6
Generative AI (Notion)
(# Cos: 1559 | $31.2B)
Industry Specific Applications (Moises)
(# Cos: 324 | $4.4B)
Healthcare (Benevolent)
(# Cos: 41 | $3.2B)
Drug Discovery (Atomwise)
(# Cos: 20 | $2.7B)
Atomwise
(2012, United States, $175M)
Benevolent
(2013, United Kingdom, $282M)
AbSci
(2011, United States, $223M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Genesis Thera.. (2019, United States)
$224M - Series B - Aug 2023
Atomic AI (2017, United States)
$35.0M - Series A - Jan 2023
Profluent Bio (2022, United States)
$9.0M - Seed - Jan 2023
Cradle (2021, Netherlands)
$5.7M - Seed - Nov 2022
Diffuse Bio (2022, United States)
$125K - Seed - Jan 2023

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
PIAM
21
29
Back to index
Security & Surveillance Technology (Samsara)
(# Cos: 14303 | $34.0B)
PIAM (Openpath)
(# Cos: 3537 | $8.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$261M (▼79%)
49(▼57%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
282
$8.8B
1037
42
3537
147
Openpath
(2016, United States, $63.0M)
Latch
(2014, United States, $147M)
Clear
(2010, United States, $135M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Brivo (1999, United States)
$92.0M - Series C - May 2023
GSS (2021, United Kingdom)
$45.0M - Series C - Jan 2023
Fingerprint (2019, United States)
$33.0M - Series C - Oct 2023
CertifID (2007, United States)
$20.0M - Series B - Sep 2023
RemoteLock (2004, United States)
$17.8M - Series B - Jun 2023
Spec (2020, United States)
$15.0M - Series A - Oct 2023
SKUx (2018, United States)
$12.4M - Series A - Sep 2023
View all 49 Funding Rounds on Tracxn Platform

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Runway (2018, United States)
$141M - Series C - Jun 2023
$50.0M - Series C - Dec 2022
Prins (2023, United States)
$100M - Series B - Oct 2023
$22.0M - Series A - Aug 2023
Synthesia (2017, United Kingdom)
$90.0M - Series C - Jun 2023
Descript (2017, United States)
$50.6M - Series C - Nov 2022
Glossai (2021, Israel)
$8.0M - Seed - Feb 2023
View all 18 Funding Rounds on Tracxn Platform
AI Video Generator
22
30
Back to index
Generative AI (Notion)
(# Cos: 1559 | $31.2B)
Industry Agnostic Applications (Replit)
(# Cos: 730 | $21.5B)
Video (Lightricks)
(# Cos: 83 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$257M ( -- )
18( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.3B
50
-
83
15
Lightricks
(2013, Israel, $335M)
VideoVerse
(2018, India, $61.9M)
D-ID
(2017, Israel, $48.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Image Recognition
23
31
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$254M (▼46%)
30(▼43.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
102
$6.3B
455
23
1218
73
AI Infrastructure (Scale)
(# Cos: 4896 | $56.2B)
Computer Vision (Keyless)
(# Cos: 2134 | $9.6B)
Object Recognition (Trust Stamp)
(# Cos: 1319 | $6.6B)
Image Analysis (SenseTime)
(# Cos: 1246 | $6.5B)
Image Recognition (Featurespace)
(# Cos: 1218 | $6.3B)
Featurespace
(2008, United Kingdom, $111M)
SenseTime
(2014, China, $2.8B)
Trust Stamp
(2016, United States, $9.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Everseen (2007, Ireland)
$71.3M - Series A - May 2023
Fingerprint (2019, United States)
$33.0M - Series C - Oct 2023
HYPR (2014, United States)
$25.0M - Series C - Dec 2022
Mypinpad (2012, United Kingdom)
$13.0M - Series C - Jun 2023
ThreatFabric (2018, Netherlands)
$12.6M - Seed - May 2023
SKUx (2018, United States)
$12.4M - Series A - Sep 2023
$11.0M - Series A - Dec 2022
View all 30 Funding Rounds on Tracxn Platform

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Ledger (2014, France)
$109M - Series C - Mar 2023
TRM (2018, United States)
$70.0M - Series B - Nov 2022
Magic (2019, United States)
$52.0M - Series B - May 2023
Iron Fish (2020, United States)
$27.7M - Series B - Apr 2023
Blockaid (2022, United States)
$27.0M - Series A - Oct 2023
Beosin (2018, Singapore)
$20.0M - Series A - Nov 2022
SpiderOak (2007, United States)
$16.4M - Series C - Jan 2023
View all 34 Funding Rounds on Tracxn Platform
Blockchain Security
24
32
Back to index
Blockchain Infrastructure (Animoca Brands)
(# Cos: 7572 | $27.0B)
Enablers (Chainalysis)
(# Cos: 823 | $3.5B)
Security (Ledger)
(# Cos: 317 | $3.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$235M (▼78.9%)
34(▲6.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$3.0B
132
2
317
33
Ledger
(2014, France, $575M)
Chainalysis
(2014, United States, $537M)
CertiK
(2018, United States, $290M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
BrainBox AI (2017, Canada)
$30.0M - Series B - Apr 2023
Operto (2005, Canada)
$25.0M - Series B - Mar 2023
Ai-grid Solutions (2004, Japan)
$21.0M - Series B - Aug 2023
Amperon (2017, United States)
$20.0M - Series B - Oct 2023
Therma (2019, United States)
$19.0M - Series A - Feb 2023
Runwise (2010, United States)
$19.0M - Series A - Nov 2022
Everactive (2012, United States)
$18.7M - Series C - Nov 2022
View all 24 Funding Rounds on Tracxn Platform
IoT in Energy
25
33
Back to index
IoT Applications (Samsara)
(# Cos: 6903 | $18.9B)
Industry Specific (Reshamandi)
(# Cos: 5425 | $16.6B)
Energy (GridPoint)
(# Cos: 1676 | $4.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$219M (▼40.1%)
24(▼38.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
165
$4.3B
568
27
1676
50
GridPoint
(2003, United States, $539M)
Voltus
(2016, United States, $66.2M)
BrainBox AI
(2017, Canada, $103M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
ATTAbotics (2015, Canada)
$71.7M - Series C - Nov 2022
Nimble (2017, United States)
$65.0M - Series B - Mar 2023
PlusOne Robot.. (2015, United States)
$50.0M - Series C - Mar 2023
ForwardX (2016, China)
$30.0M - Series C - Jul 2023
Pickle Robot (2018, United States)
$26.0M - Series A - Nov 2022
Syrius Robotics (2018, China)
$13.8M - Series B - Jul 2023
Boxbot (2016, United States)
$12.0M - Series A - Sep 2023
View all 22 Funding Rounds on Tracxn Platform
Warehouse Robotics
26
34
Back to index
Professional Service Robots (ABB)
(# Cos: 3059 | $27.3B)
Logistics (Third Wave Automation)
(# Cos: 561 | $7.2B)
Warehouse Automation (GreyOrange)
(# Cos: 503 | $6.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$203M (▼81.2%)
22(▼54.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
37
$6.8B
171
7
503
43
GreyOrange
(2012, United States, $410M)
Third Wave Automation
(2018, United States, $70.0M)
Kindred
(2014, United States, $44.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Superconducting Quantum Computer
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$584M
12
-
12
4
Quantum Computing (Zapata Computing)
(# Cos: 478 | $4.6B)
Quantum Hardware (IQM)
(# Cos: 144 | $2.9B)
Computers (IonQ)
(# Cos: 47 | $2.1B)
Universal Quantum (PsiQuantum)
(# Cos: 37 | $1.8B)
Superconducting Qubit (Rigetti
Computing)
(# Cos: 12 | $584M)
Rigetti Computing
(2013, United States, $198M)
Quantum Circuits Limited
(2007, United Kingdom, $50.2M)
PASQAL
(2019, France, $152M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PASQAL (2019, France)
$109M - Series B - Jan 2023
Quantum Motion (2017, United
Kingdom)
$50.5M - Series B - Feb 2023
Oxford Ionics (2019, United Kingdom)
$2.5M - Series A - Aug 2023
$36.3M - Series A - Jan 2023
Quoherent (2021, United States)
$2.4M - Seed - Oct 2023
Quantum Circ.. (2007, United Kingdom)
$1.1M - Series A - Feb 2023

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Everseen (2007, Ireland)
$71.3M - Series A - May 2023
Nimble (2017, United States)
$65.0M - Series B - Mar 2023
Mad Street Den (2016, United States)
$30.0M - Series C - Jan 2023
RADAR (2013, United States)
$30.0M - Series A - Jul 2023
Traxlo (2019, Sweden)
$1.2M - Seed - May 2023
Pixyle (2019, Netherlands)
$1.0M - Seed - Dec 2022
Ultron-AI (2022, United States)
$540K - Seed - Jun 2023
View all 9 Funding Rounds on Tracxn Platform
Computer Vision in Retail
28
36
Back to index
Computer Vision (Mobileye)
(# Cos: 2908 | $30.3B)
Industry Specific Applications (Anduril)
(# Cos: 1152 | $18.4B)
Retail (Trax)
(# Cos: 140 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$199M (▼38%)
9(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$2.4B
78
1
140
29
Trax
(2010, Singapore, $1.0B)
Standard
(2017, United States, $231M)
Trigo
(2018, Israel, $199M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Newlight Tech.. (2003, United States)
$125M - Series F - Aug 2023
UBQ Materials (2012, Israel)
$70.0M - Series D - Sep 2023
Traceless (2020, Germany)
$39.0M - Series A - Sep 2023
AMSilk (2006, Germany)
$27.1M - Series C - Apr 2023
Polymateria (2015, United Kingdom)
$24.9M - Series B - Apr 2023
Cruz Foam (2017, United States)
$18.0M - Series A - Oct 2022
Compact Membr.. (1993, United States)
$16.5M - Series A - Apr 2023
View all 29 Funding Rounds on Tracxn Platform
Biodegradable Polymers
29
37
Back to index
Advanced Materials (Metamaterial)
(# Cos: 1870 | $13.4B)
Biomaterials (Ecovative)
(# Cos: 390 | $3.1B)
Biodegradable Polymers (Zume)
(# Cos: 298 | $2.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$181M (▼44.2%)
29(▲31.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$2.3B
175
6
298
23
Zume
(2015, United States, $445M)
Danimer Scientific
(2004, United States, $27.1M)
Origin Materials
(2008, United States, $61.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Pony.ai (2016, United States)
$100M - Series D - Oct 2023
Phantom (2016, United States)
$36.5M - Series C - Feb 2023
AdaSky (2015, Israel)
$30.0M - Series B - May 2023
7invensun (2009, China)
$13.7M - Series D - Nov 2022
Juefei Technology (2019, China)
Undisclosed - Series B - Nov 2022
Fixposition (2017, Switzerland)
Undisclosed - Seed - Dec 2022
Nauto (2015, United States)
Undisclosed - Series C - Jun 2023
View all 9 Funding Rounds on Tracxn Platform
Computer Vision in Automotive Industry
30
38
Back to index
Computer Vision (Skydio)
(# Cos: 2908 | $30.3B)
Industry Specific Applications (Anduril)
(# Cos: 1152 | $18.4B)
Automotive (Mobileye)
(# Cos: 119 | $8.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$180M (▼63.7%)
9(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$8.3B
78
3
119
34
Mobileye
(1999, Israel, $530M)
Argo AI
(2016, United States, $3.7B)
Netradyne
(2015, United States, $218M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Mining
31
39
Back to index
Blockchain Infrastructure (Animoca Brands)
(# Cos: 7572 | $27.0B)
Mining (Bitmain)
(# Cos: 2297 | $3.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$177M (▼48%)
15(▼60.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$3.3B
208
22
2297
30
Bitmain
(2013, China, $950M)
Helium
(2013, United States, $370M)
Core Scientific
(2017, United States, $49.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EigenLayer (2021, United States)
$50.0M - Series A - Mar 2023
Arkon Energy (2014, Australia)
$26.0M - Series A - Jun 2023
$28.0M - Series A - Nov 2022
P2P (2018, Cayman Islands)
$23.0M - Series A - Apr 2023
IZUMI (2021, Japan)
$22.0M - Series B - Apr 2023
Kiln (2022, France)
$17.7M - Series A - Nov 2022
InfinityStakeChain (2022, Australia)
$14.0M - Series B - Oct 2023
View all 15 Funding Rounds on Tracxn Platform

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Shield AI (2015, United States)
$114M - Series E - Sep 2023
$60.0M - Series E - Dec 2022
REAKTO (2020, Poland)
$1.2M - Seed - Apr 2023
Drone Surveillance System
32
40
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Security & Surveillance Technology (Samsara)
(# Cos: 14303 | $34.0B)
Security Patrolling System (Knightscope)
(# Cos: 119 | $1.2B)
Unmanned Aerial System (Shield AI)
(# Cos: 60 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$174M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.1B
25
3
60
6
Shield AI
(2015, United States, $663M)
Airobotics
(2014, United States, $101M)
XTEND
(2018, Israel, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Capella Space (2016, United States)
$60.0M - Series C - Jan 2023
GHGSat (2011, Canada)
$44.0M - Series C - Sep 2023
Pixxel (2018, India)
$36.0M - Series B - Jun 2023
NUVIEW (2020, United States)
$3.0M - Seed - Jun 2023
$12.0M - Series A - Jun 2023
Wyvern (2018, Canada)
$7.0M - Seed - Nov 2022
PlanetiQ (2012, United States)
$3.3M - Series B - Jan 2023
View all 9 Funding Rounds on Tracxn Platform
Commercial Satellite Imaging
33
41
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Geographic Information Systems (Trimble)
(# Cos: 4619 | $12.3B)
Imaging Solutions (Capella Space)
(# Cos: 298 | $2.7B)
Satellite based (Planet)
(# Cos: 143 | $2.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$165M (▼74.2%)
9(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$2.6B
64
3
143
17
Planet
(2010, United States, $388M)
Capella Space
(2016, United States, $234M)
Pixxel
(2018, India, $105M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
InfoBionic (2011, United States)
$57.8M - Series D - Oct 2023
Vital Connect (2011, United States)
$30.0M - Series F - Jul 2023
Cardiosense (2000, United States)
$15.1M - Series A - Dec 2022
FluidAI (2014, Canada)
$15.0M - Series A - Oct 2023
Tricog (2015, India)
$8.5M - Series B - Apr 2023
Nutromics (2017, Australia)
$8.2M - Seed - Jun 2023
Caretaker (2014, United States)
$7.3M - Series B - Mar 2023
View all 20 Funding Rounds on Tracxn Platform
Remote Patient Monitoring
34
42
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Wearable Technology (HealthifyMe)
(# Cos: 7810 | $25.8B)
Health and Wellness Devices (Dexcom)
(# Cos: 3595 | $13.0B)
Remote Patient Monitoring
(BioIntelliSense)
(# Cos: 331 | $2.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$165M (▼47.5%)
20(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$2.5B
174
8
331
27
BioIntelliSense
(2018, United States, $82.0M)
Endotronix
(2007, United States, $155M)
Cloud
(2014, United States, $3.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Character.ai (2022, United States)
$150M - Series A - Mar 2023
Attention (2021, United States)
$3.1M - Seed - Jan 2023
Nami Technology (2021, Vietnam)
$2.0M - Seed - Oct 2023
AI Conversation Intelligence
35
43
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Generative AI (ThoughtSpot)
(# Cos: 1559 | $31.2B)
Enterprise Applications (Notion)
(# Cos: 495 | $5.2B)
Conversation Intelligence (Observe.AI)
(# Cos: 18 | $495M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$155M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$495M
10
-
18
4
Observe.AI
(2017, India, $214M)
Character.ai
(2022, United States, $193M)
Haptik
(2013, India, $12.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Moon Surgical (2020, France)
$55.4M - Series B - May 2023
Ibex (2016, Israel)
$55.0M - Series C - Sep 2023
$10.0M - Series B - Nov 2022
Neurotrack (2012, United States)
$10.0M - Series C - Nov 2022
Inspiren (2016, United States)
$9.7M - Series A - Aug 2023
Segmed (2019, United States)
$5.2M - Seed - Nov 2022
SigTuple (2015, India)
$4.3M - Series C - Mar 2023
View all 9 Funding Rounds on Tracxn Platform
Computer Vision in Health Care
36
44
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Computer Vision (Mobileye)
(# Cos: 2908 | $30.3B)
Industry Specific Applications (Anduril)
(# Cos: 1152 | $18.4B)
Health Care (SafelyYou)
(# Cos: 153 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$153M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.2B
78
-
153
10
SafelyYou
(2014, United States, $70.0M)
Ibex
(2016, Israel, $114M)
Gauss Surgical
(2011, United States, $60.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Data Annotation Tools
37
45
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$140M ( -- )
23( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$1.4B
110
1
268
30
AI Infrastructure (Scale)
(# Cos: 4896 | $56.2B)
Enabling Technologies (Arm)
(# Cos: 855 | $16.7B)
Software (Appen)
(# Cos: 550 | $3.5B)
Training Data (Snorkel AI)
(# Cos: 268 | $1.4B)
Snorkel AI
(2019, United States, $138M)
Appen
(1996, Australia)
iMerit
(2012, United States, $23.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Granica (2019, United States)
$45.0M - Series A - Jun 2023
Gensyn (2020, United Kingdom)
$43.0M - Series A - Jun 2023
DataLoop (2017, Israel)
$33.0M - Series B - Nov 2022
Hazy (2017, United Kingdom)
$9.0M - Series A - Mar 2023
Refuel.ai (2021, United States)
$5.2M - Seed - Jun 2023
RedBrick AI (2020, United States)
$4.6M - Seed - Nov 2022
Co-one (2020, Estonia)
$4.6M - Seed - Jan 2023
View all 23 Funding Rounds on Tracxn Platform

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Ambercycle (2013, United States)
$74.4M - Series B - Oct 2023
MycoWorks (2013, United States)
$37.1M - Series C - Jun 2023
Rubi (2020, United States)
$8.7M - Seed - Mar 2023
Werewool (2018, United States)
$3.7M - Seed - May 2023
Refiberd (2020, United States)
$3.4M - Seed - Aug 2023
$2.0M - Seed - Dec 2022
BioFluff (2021, Italy)
$2.5M - Seed - Oct 2023
View all 16 Funding Rounds on Tracxn Platform
Sustainable Fabrics
38
46
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Advanced Materials (Metamaterial)
(# Cos: 1870 | $13.4B)
Textile (HeiQ)
(# Cos: 326 | $1.8B)
Sustainable Fabrics (MycoWorks)
(# Cos: 177 | $1.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$137M (▼66.6%)
16(▼30.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.6B
90
3
177
17
MycoWorks
(2013, United States, $225M)
HeiQ
(2005, Switzerland)
Bolt Threads
(2009, United States, $214M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Blockstream (2014, Canada)
$125M - Series B - Jan 2023
Calimero (2022, United Kingdom)
$8.5M - Seed - Nov 2022
Smooth Labs (2022, Singapore)
$2.0M - Seed - Mar 2023
Sidechains
39
47
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Blockchain Infrastructure (Animoca Brands)
(# Cos: 7572 | $27.0B)
Middleware (StarkWare)
(# Cos: 381 | $3.5B)
Sidechain (Blockstream)
(# Cos: 64 | $613M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$136M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$613M
24
-
64
7
Blockstream
(2014, Canada, $436M)
Orbs
(2017, Israel, $15.4M)
Horizen Labs
(2018, United States, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Mangata Netwo.. (2020, United States)
$102M - Series C - Dec 2022
Fleet Space (2018, Australia)
$33.1M - Series C - May 2023
Hubble Network (2021, United States)
$20.0M - Series A - May 2023
Satellite IoT Connectivity
40
48
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Internet of Things Infrastructure (Silicon Laboratories)
(# Cos: 5286 | $28.4B)
IoT Connectivity (Truphone)
(# Cos: 531 | $8.1B)
Satellite (Astrocast)
(# Cos: 32 | $4.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$136M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$4.8B
21
2
32
5
Astrocast
(2014, Switzerland, $13.4M)
Iridium Communications
(2001, United States)
Swarm Technologies
(2016, United States, $25.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Quantexa (2016, United Kingdom)
$129M - Series E - Apr 2023
ID Verification Software
41
49
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Image Recognition (Pindrop Security)
(# Cos: 2958 | $18.2B)
Applications (Trax)
(# Cos: 149 | $3.3B)
Identity Verification (Quantexa)
(# Cos: 38 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$129M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.2B
23
2
38
9
Quantexa
(2016, United Kingdom, $371M)
Featurespace
(2008, United Kingdom, $111M)
Jumio
(2010, United States, $196M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Security and Surveillance Technology
42
50
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Security & Surveillance Technology (Samsara)
(# Cos: 14303 | $34.0B)
Suite (Verkada)
(# Cos: 788 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$129M (▼68.8%)
4(▼42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
59
$2.4B
98
18
788
11
Verkada
(2016, United States, $457M)
Alarm.com
(2000, United States, $137M)
ADT
(1874, United States, $24.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Verkada (2016, United States)
$100M - Series D - Oct 2023
Qualinx (2015, Netherlands)
$20.0M - Series A - Oct 2023
$8.5M - Series A - Feb 2023
Shipshape (2017, United States)
Undisclosed - Seed - May 2023

51. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Spencer Healt.. (2015, United States)
$43.0M - Series D - Aug 2023
Vital Connect (2011, United States)
$30.0M - Series F - Jul 2023
HER.AI (2017, China)
$29.3M - Series A - Jun 2023
Peerbridge He.. (2012, United States)
$5.0M - Series B - Feb 2023
Atinary (2020, Switzerland)
$5.0M - Seed - Sep 2023
SonarMD (2009, United States)
$4.3M - Series A - May 2023
Palarum (2016, United Kingdom)
$3.7M - Series A - Jan 2023
View all 11 Funding Rounds on Tracxn Platform
IoT in Healthcare
43
51
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IoT Applications (Samsara)
(# Cos: 6903 | $18.9B)
Industry Specific (Reshamandi)
(# Cos: 5425 | $16.6B)
Healthcare (AliveCor)
(# Cos: 358 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$126M ( -- )
11( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
18
$2.4B
179
1
358
34
AliveCor
(2011, United States, $114M)
Eko
(2013, United States, $125M)
Glassbeam
(2009, United States, $17.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Video Surveillance and Analytics
44
52
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$126M ( -- )
34( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
115
$7.0B
487
21
1386
69
Security & Surveillance Technology (Samsara)
(# Cos: 14303 | $34.0B)
Surveillance (Blink)
(# Cos: 3325 | $11.6B)
Video Surveillance (Eagle Eye Networks)
(# Cos: 3299 | $11.5B)
Analytics (Trax)
(# Cos: 1386 | $7.0B)
Trax
(2010, Singapore, $1.0B)
Scandit
(2009, Switzerland, $273M)
Cloudastructure
(2013, United States, $31.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solink (2009, Canada)
$60.0M - Series C - Jul 2023
Aiola (2003, Israel)
$25.0M - Series A - Jan 2023
XXII (2015, France)
$23.9M - Series A - Mar 2023
ZeroEyes (2014, United States)
$23.0M - Series B - Aug 2023
Abyss Solutions (2014, Australia)
$15.0M - Series B - Nov 2022
Voxel (2020, United States)
$12.0M - Series A - Aug 2023
nyris (2015, Germany)
$10.8M - Series A - Mar 2023
View all 34 Funding Rounds on Tracxn Platform

53. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Quantum-Systems (2014, Germany)
$67.5M - Series B - Oct 2023
Exyn Technolo.. (2014, United States)
$35.0M - Series B - Dec 2022
Wingtra (2016, Switzerland)
$22.0M - Series B - Mar 2023
Uali (2018, Argentina)
$755K - Seed - Feb 2023
Green Valley .. (2016, United States)
Undisclosed - Series B - Jan 2023
Drone Aerial Surveying
45
53
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Drones (Northrop Grumman)
(# Cos: 4415 | $13.4B)
Commercial Drones (Skydio)
(# Cos: 1095 | $3.5B)
Aerial Surveying (Quantum-Systems)
(# Cos: 144 | $343M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$125M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$343M
34
1
144
5
Quantum-Systems
(2014, Germany, $117M)
Wingtra
(2016, Switzerland, $55.0M)
Exyn Technologies
(2014, United States, $52.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
HawkEye 360 (2015, United States)
$10.0M - Series D - Oct 2023
$58.0M - Series D - Jul 2023
MyTraffic (2015, France)
$30.1M - Series B - Nov 2022
SatSure (2017, India)
$15.0M - Series A - Aug 2023
Ursa Space (2014, United States)
$4.0M - Series C - Mar 2023
Data Sutram (2018, India)
$3.0M - Series A - Sep 2023
3DEO (2015, United Kingdom)
$2.6M - Seed - Apr 2023
View all 9 Funding Rounds on Tracxn Platform
Location Analytics Tools
46
54
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Geographic Information Systems (Trimble)
(# Cos: 4619 | $12.3B)
Location Analytics (HERE)
(# Cos: 1287 | $3.3B)
Horizontal (SatSure)
(# Cos: 336 | $1.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$125M (▼65.4%)
9(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
34
$1.4B
98
4
336
20
SatSure
(2017, India, $20.0M)
Orbital Insight
(2013, United States, $130M)
Ursa Space
(2014, United States, $58.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
AR HUD
47
55
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$125M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$393M
29
-
68
7
Augmented Reality (Niantic)
(# Cos: 4490 | $11.0B)
Display Devices (Varjo)
(# Cos: 293 | $6.1B)
Projection-based (Looking Glass Factory)
(# Cos: 115 | $705M)
HUDs (Recon Instruments)
(# Cos: 68 | $393M)
Recon Instruments
(2008, Canada, $17.0M)
EyeLights
(2016, France, $24.8M)
WayRay
(2012, Switzerland, $98.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Envisics (2017, United Kingdom)
$50.0M - Series C - Sep 2023
$50.0M - Series C - Mar 2023
EyeLights (2016, France)
$21.8M - Series A - Apr 2023
Brilliant Labs (2019, Singapore)
$3.0M - Seed - Jun 2023
Pyrenee (2016, Japan)
Undisclosed - Seed - Sep 2023

56. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Osler Diagno.. (2017, United Kingdom)
$85.0M - Series C - Nov 2022
Signos (2018, United States)
$20.0M - Series B - Oct 2023
Bluedrop Medical (2015, Ireland)
$11.3M - Series A - Mar 2023
HAGAR (2017, Israel)
$5.0M - Series C - Aug 2023
Geminii (2016, Australia)
$2.1M - Seed - Sep 2023
Afon Technol.. (2015, United Kingdom)
$709K - Seed - Nov 2022
Orpyx (2010, Canada)
$11.0K - Series A - Oct 2023
View all 9 Funding Rounds on Tracxn Platform
Wearable CGM
48
56
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Wearable Technology (HealthifyMe)
(# Cos: 7810 | $25.8B)
Health and Wellness Devices (Insulet)
(# Cos: 3595 | $13.0B)
Diabetes Monitoring (Dexcom)
(# Cos: 273 | $2.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$124M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$2.1B
116
9
273
17
Dexcom
(1999, United States, $52.7M)
Livongo
(2014, United States, $237M)
One Drop
(2015, United States, $108M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Everdome (2021, United Arab Emirates)
$60.0M - Seed - Apr 2023
XRSPACE (2017, Taiwan)
$25.0M - Series C - Apr 2023
Numi (2002, United Arab Emirates)
$20.0M - Seed - Jan 2023
RendezVerse (2004, United Kingdom)
$8.5M - Seed - Nov 2022
Planetary Partyverse (2022, Poland)
$3.0M - Seed - May 2023
Morpheus XR (2021, United States)
$2.4M - Seed - Feb 2023
Phi (2022, Japan)
$2.0M - Seed - Feb 2023
View all 10 Funding Rounds on Tracxn Platform
Social Metaverse
49
57
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Metaverse (Improbable)
(# Cos: 1085 | $5.3B)
Metaverse Platforms (Roblox)
(# Cos: 650 | $2.7B)
Social Networking (IMVU)
(# Cos: 201 | $856M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$112M (▼65.9%)
10(▼28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$856M
80
2
201
14
IMVU
(2004, United States, $77.0M)
Avakin
(2013, United Kingdom, $27.8M)
VRChat
(2014, United States, $95.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Bright Machines (2018, United States)
$100M - Series B - Oct 2022
UnitXlabs (2019, United States)
$5.0M - Series A - Sep 2023
SwitchOn (2017, India)
$4.2M - Series A - Apr 2023
$688K - Seed - Dec 2022
Khenda (2021, Turkey)
$1.0M - Seed - Dec 2022
Eleven Dynamics (2020, Switzerland)
$874K - Seed - Oct 2023
Huizhou Gaoshi Techno.. (2015, China)
Undisclosed - Series C - Oct 2022
View all 9 Funding Rounds on Tracxn Platform
Computer Vision in Manufacturing
50
58
Back to index
Computer Vision (Mobileye)
(# Cos: 2908 | $30.3B)
Industry Specific Applications (Anduril)
(# Cos: 1152 | $18.4B)
Manufacturing (Bright Machines)
(# Cos: 231 | $1.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$112M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$1.0B
118
4
231
25
Bright Machines
(2018, United States, $330M)
Cognex
(1981, United States)
Drishti
(2017, United States, $35.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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