Tracxn's proprietary #taxonomy brings to you top #BusinessModels in Top Business Models in High Tech Report https://tracxn.com/platform/file-manager/file/ZmlsZUlkPVhJVXlQb0xsTUprY1VZWnRIc1hUd3A3RHFqMlNxb2ZCVlhOSEd0a3VfU2c%3D Get our free reports on #PracticeArea or #sector of your interest to your mailbox regularly https://rb.gy/cx2upn

1. TRACXN TOP BUSINESS MODELS REPORT
June 26, 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 $16.4B
Generative AI $13.8B
Natural Language Processing $11.5B
Web 3.0 $9.3B
Blockchain Infrastructure $4.4B
Drones $3.2B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Shima Capital
Polygon
124
26
19
Early
Stage
Andreessen Horowitz
Coinbase
Polychain
19
16
14
Late
Stage
Andreessen Horowitz
Google Ventures
Sequoia Capital
12
6
6
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (62%)
China (10%)
United Kingdom (5%)
Canada (3%)
Israel (3%)
France (2%)
Switzerland (2%)
Others (14%)
$ Funding # Rounds
OpenAI
(2015, United States)
$10.0B - Series E
Anduril
(2017, United States)
$1.5B - Series E
Tsinghua Unigroup
(1988, China)
$1.5B - Series D
Rongtong Hi-Tech Advan..
(2017, China)
$737M - Series D
SandboxAQ
(2022, United States)
$500M - Series A
Anthropic
(2021, United States)
$450M - Series C
Adept
(2017, United States)
$350M - Series B
Zipline
(2014, United States)
$330M - Series F
OpenAI
(2015, United States)
$300M - Series E
Mysten Labs
(2021, United Kingdom)
$300M - Series B
United Aircraft Techno..
(2014, China)
$291M - Series D
Cohere
(2019, Canada)
$270M - Series C

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-- Artificial General Intelligence $10.7B 8 OpenAI | $10.0B | Series E Link
2▲3 AI Processors $2.0B 33 Tsinghua Unig.. | $1.5B | Series D Link
3▼2 Blockchain Networks $1.9B 114 Mysten Labs | $300M | Series B Link
4-- IoT Communication Modules $1.5B 8 Tsinghua Unig.. | $1.5B | Series D Link
5-- Military Drone $1.5B 2 Anduril | $1.5B | Series E Link
6-- Commercial Drones $640M 21 United Aircra.. | $291M | Series D Link
7<> 0 Surgical Robots $563M 20 Distalmotion | $150M | Series F Link
8-- 3D Rendering Software $561M 5 CoreWeave | $221M | Series B Link
9▲5 Data Science Platforms $504M 11 Dataiku | $200M | Series F Link
10▼8 Gaming Engines $470M 17 Improbable | $111M | Series D 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▲34 Crypto Hot Wallets $464M 39 Gnosis | $100M | Series C Link
12▼3 NFT Marketplace $463M 89 Euclid Labs | $129M | Series C Link
13<> 0 Conversational AI Platforms $457M 7 Anthropic | $450M | Series C Link
14▲7 Cryptocurrency Exchanges $450M 19 Unizen | $200M | Series D Link
15<> 0 Image Recognition $418M 34 Quantexa | $129M | Series E Link
16-- ZK Rollups $382M 14 Matter Labs | $200M | Series C Link
17▼14 Dapp Development Platforms $359M 42 Blocto | $80.0M | Series A Link
18▲15 Drone-based Package Delivery Services $350M 13 Zipline | $330M | Series F Link
19▼9 Blockchain Security $347M 33 Halborn | $90.0M | Series A Link
20-- NLP Text Analytics $334M 4 Cohere | $270M | Series C 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-- Computer Vision in Aviation $311M 7 Skydio | $230M | Series E Link
22-- Smart Contract Development $310M 5 Mysten Labs | $300M | Series B Link
23▼11 Crypto Based Personal Loans $307M 24 Celsius | $150M | Series B Link
24-- Security & Surveillance $306M 4 Verkada | $205M | Series D Link
25▼21 PC and Console Core Game Developers $288M 14 Animoca Brands | $110M | Series C Link
26▼9 Location Tracking Security $288M 26 Swift Navigat.. | $100M | Series D Link
27▼21 Physical Identity Access Management $286M 60 MPCH Labs | $40.0M | Series A Link
28▲9 NLP in Marketing $263M 6 Seedtag | $254M | Series C Link
29▼10 Industrial Robot Manufacturers $259M 12 JAKA Robotics | $150M | Series D Link
30-- Multi Access Edge Computing $255M 2 Mavenir | $155M | Series F 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▼4 Machine Learning Platforms $250M 25 Tecton | $100M | Series C Link
32▼12 Video Analytics for Surveillance $244M 44 CYREBRO | $40.0M | Series C Link
33▲17 IoT in Energy $228M 28 BrainBox AI | $30.0M | Series A Link
34-- Computer Vision in Retail $224M 9 Trigo | $100M | Series C Link
35▲11 IoT in Manufacturing $224M 21 I-Care | $49.0M | Series D Link
36-- Crypto Mining Pools $217M 13 EigenLayer | $50.0M | Series A Link
37▲6 Data Annotation Tools $215M 22 Selectstar | $66.7M | Series A Link
38-- PC and Console NFT Games $211M 24 Limit Break | $200M | Series D Link
39▼1 Crypto Financial Services $209M 13 Blocto | $80.0M | Series A Link
40▼32 Warehouse Robotics $201M 21 ATTAbotics | $71.7M | 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-- Superconducting Quantum Computer $196M 5 PASQAL | $109M | Series B Link
42▼8 NLP in Banking $194M 10 AlphaSense | $100M | Series D Link
43-- SoC for IoT $190M 4 Morse Micro | $95.1M | Series B Link
44-- Speech to Text $190M 4 Speechmatics | $62.0M | Series B Link
45-- Metaverse Development $176M 16 Improbable | $111M | Series D Link
46-- Outdoor Positioning $174M 8 Swift Navigat.. | $100M | Series D Link
47-- General Purpose Cryptocurrencies $165M 2 Worldcoin | $115M | Series C Link
48-- Decentralised Exchange Protocol $165M 1 Uniswap | $165M | Series B Link
49-- NLP based Text Analytics $164M 13 Primer | $69.0M | Series D Link
50-- Satellite IoT Connectivity $159M 6 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.

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
Adept (2017, United States)
$350M - Series B - Mar 2023
Light Years Beyond (China)
$50.0M - Series C - Mar 2023
Diveplane (2015, United States)
$25.0M - Series A - Sep 2022
Workhack (2019, India)
$1.5M - Seed - May 2023
$16.4K - Angel - Nov 2022
View all 8 Funding Rounds on Tracxn Platform
Artificial General Intelligence
01
9
Back to index
AI Infrastructure (Arm)
(# Cos: 4688 | $53.1B)
Machine Intelligence Systems (Scale)
(# Cos: 804 | $20.7B)
Artificial General Intelligence
(DeepMind)
(# Cos: 54 | $12.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$10.7B ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$12.0B
28
-
54
8
DeepMind
(2011, United Kingdom, $50.0M)
OpenAI
(2015, United States, $11.3B)
Adept
(2017, United States, $415M)
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
AI Processors
02
10
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.0B (▲33.9%)
33(▼36.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
18
$12.0B
198
14
272
62
AI Infrastructure (Scale)
(# Cos: 4688 | $53.1B)
Enabling Technologies (MediaTek)
(# Cos: 822 | $15.8B)
Hardware (SambaNova Systems)
(# Cos: 293 | $12.1B)
Processors (Arm)
(# Cos: 272 | $12.0B)
Arm
(1990, United Kingdom)
SambaNova Systems
(2017, United States, $1.1B)
MediaTek
(1997, Taiwan)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tsinghua Unigroup (1988, China)
$1.5B - Series D - Jul 2022
Lightmatter (2012, United States)
$154M - Series C - May 2023
Shanghai Tianshu Zhix.. (2018, China)
$149M - Series C - Jul 2022
Pliops (2015, Israel)
$100M - Series D - Aug 2022
EdgeQ (2020, United States)
$75.0M - Series B - Apr 2023
Kneron (2015, United States)
$48.0M - Series B - Oct 2022
SiMa.ai (2018, United States)
$37.0M - Series B - Oct 2022
View all 33 Funding Rounds on Tracxn Platform

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks
03
11
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 6081 | $23.2B)
Blockchain Network (Ripple)
(# Cos: 1533 | $7.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.9B (▼41%)
114(▲0.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$7.9B
626
5
1533
109
Ripple
(2012, United States, $295M)
Algorand
(2017, United States, $66.0M)
Solana
(2018, United States, $374M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mysten Labs (2021, United Kingdom)
$300M - Series B - Sep 2022
DeSo (2021, United States)
$200M - Series D - Oct 2022
Aptos (2021, United States)
$150M - Series A - Jul 2022
Velas (2019, Switzerland)
$135M - Series D - Sep 2022
Aztec (2018, United Kingdom)
$100M - Series B - Dec 2022
5ire (2021, India)
$100M - Series A - Jul 2022
Taurus (2018, Switzerland)
$65.0M - Series B - Feb 2023
View all 114 Funding Rounds on Tracxn Platform

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Tsinghua Unigroup (1988, China)
$1.5B - Series D - Jul 2022
Core Wing Information.. (2017, China)
$43.5M - Series C - Mar 2023
Unicore Semiconductor (2020, China)
$16.7M - Series B - Sep 2022
Nanjing Chuangxin Hui.. (2019, China)
$14.7M - Series C - Jan 2023
Qualinx (2015, Netherlands)
$8.5M - Series A - Feb 2023
Kunlu IoT (2019, China)
$1.5M - Seed - Aug 2022
Someone Technology (2005, China)
Undisclosed - Series C - Nov 2022
View all 8 Funding Rounds on Tracxn Platform
IoT Communication Modules
04
12
Back to index
Internet of Things Infrastructure (Cradlepoint)
(# Cos: 5205 | $28.1B)
IoT Chips (Akoustis)
(# Cos: 347 | $7.0B)
Communication Modules (Qorvo)
(# Cos: 184 | $3.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5B ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
28
$3.2B
90
12
184
7
Qorvo
(2015, United States)
Akoustis
(2014, United States, $14.1M)
CSR
(1999, Canada, $19.2M)
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
Military Drone
05
13
Back to index
Drones (Skydio)
(# Cos: 4328 | $12.6B)
Military Drones (Northrop Grumman)
(# Cos: 233 | $3.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5B ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$3.8B
64
5
233
5
Northrop Grumman
(1939, United States, $750M)
Anduril
(2017, United States, $2.3B)
Shield AI
(2015, United States, $549M)
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)
$60.0M - Series E - Dec 2022

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
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
Beijing Zhuoyi Intell.. (2015, China)
$7.4M - Series A - Aug 2022
ideaForge (2007, India)
$7.3M - Series B - Jun 2023
XSun (2016, France)
$5.0M - Series A - Sep 2022
View all 21 Funding Rounds on Tracxn Platform
Commercial Drones
06
14
Back to index
Drones (Northrop Grumman)
(# Cos: 4328 | $12.6B)
Commercial Drones (ideaForge)
(# Cos: 1065 | $2.9B)
Multi Utility (Skydio)
(# Cos: 633 | $1.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$640M ( -- )
21( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$1.8B
166
8
633
22
Skydio
(2014, United States, $570M)
ideaForge
(2007, India, $47.2M)
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
Distalmotion (2012, Switzerland)
$150M - Series F - Apr 2023
Think Surgical (2007, United States)
$100M - Series E - Oct 2022
Medical Microinstrume.. (2015, Italy)
$75.0M - Series B - Jul 2022
Moon Surgical (2020, France)
$55.4M - Series B - May 2023
Ronovo Surgical (2019, China)
$50.0M - Series A - Dec 2022
Monteris (1999, United States)
$35.0M - Series D - Oct 2022
Levita Magnet.. (2011, United States)
$26.0M - Series C - Aug 2022
View all 20 Funding Rounds on Tracxn Platform
Surgical Robots
07
15
Back to index
Professional Service Robots (GreyOrange)
(# Cos: 2992 | $26.0B)
Healthcare (OpenTrons)
(# Cos: 391 | $6.1B)
Surgery (Intuitive)
(# Cos: 196 | $5.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$563M (▼55.6%)
20(▼23.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$5.3B
128
13
196
31
Intuitive
(1995, United States, $17.0M)
CMR Surgical
(2014, United Kingdom, $1.0B)
Stereotaxis
(1990, United States, $52.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
3D Rendering Software
08
16
Back to index
3D Animation (IMVU)
(# Cos: 683 | $2.2B)
3D Rendering (CoreWeave)
(# Cos: 77 | $636M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$561M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$636M
17
-
77
3
CoreWeave
(2019, United States, $576M)
OTOY
(2010, United States)
YellowDog
(2015, United Kingdom, $7.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoreWeave (2019, United States)
$200M - Series B - May 2023
$221M - Series B - Apr 2023
$100M - Series B - Dec 2022
Well-Link Technologies (2019, China)
$40.0M - Series B - Sep 2022
Digital Life (2021, China)
Undisclosed - Angel - Oct 2022

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Dataiku (2013, France)
$200M - Series F - Dec 2022
SingleStore (2011, United States)
$30.0M - Series F - Oct 2022
$146M - Series F - Oct 2022
$116M - Series F - Jul 2022
Lumiq (2013, India)
$6.1M - Series A - Jul 2022
Virtualitics (2016, United States)
$4.2M - Series B - Dec 2022
Analyttica (2012, India)
$1.5M - Seed - Jan 2023
View all 11 Funding Rounds on Tracxn Platform
Data Science Platforms
09
17
Back to index
AI Infrastructure (Arm)
(# Cos: 4688 | $53.1B)
Machine Intelligence Systems (Scale)
(# Cos: 804 | $20.7B)
Data Science Platforms (Anaconda)
(# Cos: 133 | $4.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$504M (▼45.8%)
11(▼31.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$4.1B
69
1
133
24
Anaconda
(2012, United States, $41.8M)
DataRobot
(2012, United States, $1.1B)
Dataiku
(2013, France, $847M)
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
Improbable (2012, United Kingdom)
$111M - Series D - Oct 2022
Animoca Brands (2014, China)
$38.0M - Series C - Sep 2022
$45.0M - Series C - Aug 2022
$110M - Series C - Aug 2022
$75.3M - Series C - Jul 2022
Clan Network (2021)
$24.0M - Series B - Jul 2022
Oasys (2021, Singapore)
$20.0M - Series B - Jul 2022
View all 17 Funding Rounds on Tracxn Platform
Gaming Engines
10
18
Back to index
Gaming Tech (Unity)
(# Cos: 4713 | $18.5B)
Development (Improbable)
(# Cos: 67 | $4.2B)
Game Engines (Animoca Brands)
(# Cos: 63 | $4.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$470M (▼81.6%)
17(▼29.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.2B
44
1
63
14
Animoca Brands
(2014, China, $838M)
Improbable
(2012, United Kingdom, $1.1B)
Immutable
(2018, Australia, $857M)
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
Gnosis (2019, Gibraltar)
$100M - Series C - Jul 2022
MinePlex (2020, Singapore)
$100M - Series C - Oct 2022
Tomi (2000, United Kingdom)
$40.0M - Series C - Mar 2023
BitKeep (2018, Cayman Islands)
$30.0M - Series B - Mar 2023
Kresus (2022, United States)
$25.0M - Series A - Mar 2023
OneKey (2020, China)
$20.0M - Series A - Sep 2022
Fordefi (2021, United States)
$18.0M - Seed - Nov 2022
View all 39 Funding Rounds on Tracxn Platform
Crypto Hot Wallets
11
19
Back to index
Cryptocurrencies (Huobi)
(# Cos: 23771 | $38.9B)
Wallet (Ledger)
(# Cos: 1780 | $2.4B)
Hot Wallets (Argent)
(# Cos: 1168 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$464M (▲27.9%)
39( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$1.3B
191
1
1168
35
Argent
(2017, United Kingdom, $56.0M)
imToken
(2016, Singapore, $40.0M)
Rainbow
(2019, United States, $19.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
NFT Marketplace
12
20
Back to index
Non Fungible Tokens (Animoca Brands)
(# Cos: 5893 | $13.1B)
Marketplaces (OpenSea)
(# Cos: 1834 | $2.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$463M (▼61.7%)
89(▼19.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$2.3B
395
1
1834
20
OpenSea
(2017, United States, $427M)
Gemini
(2015, United States, $400M)
Magic Eden
(2021, United States, $157M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Euclid Labs (2021, United States)
$27.6M - Series B - Feb 2023
$16.2M - Series C - Feb 2023
$129M - Series C - Jun 2022
Crypto Snack (2021, Spain)
$50.0M - Series C - Jul 2022
OP3N (2021, United States)
$28.0M - Series A - Mar 2023
YOOM (2016, Israel)
$15.0M - Series B - Oct 2022
Mona (2021, United States)
$14.6M - Series A - Jun 2022
View all 89 Funding Rounds on Tracxn Platform

21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Anthropic (2021, United States)
$450M - Series C - May 2023
xapp.ai (2020)
$3.6M - Series A - May 2023
Talkie (2017, Poland)
$2.6M - Seed - Jul 2022
EuphoPia (2022, Japan)
$264K - Seed - Jun 2023
AskSid (2017, India)
$192K - Seed - Jul 2022
Vocode (2023, United States)
$125K - Seed - Jan 2023
FOCO (2017, China)
Undisclosed - Angel - Jun 2023
Conversational AI Platforms
13
21
Back to index
AI Infrastructure (Scale)
(# Cos: 4688 | $53.1B)
Natural Language Processing (Speechmatics)
(# Cos: 785 | $6.0B)
Conversational AI (Gupshup)
(# Cos: 244 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$457M (▼51.3%)
7(▼46.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$2.4B
93
1
244
21
Gupshup
(2004, India, $386M)
Yellow.ai
(2016, United States, $102M)
Anthropic
(2021, United States, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$450M (▼37.4%)
19(▼40.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.4B
130
1
355
31
Cryptocurrencies (Huobi)
(# Cos: 23771 | $38.9B)
Financial Services (Ripple)
(# Cos: 3275 | $8.5B)
Investment Industry (Gemini)
(# Cos: 781 | $2.2B)
Crypto Exchanges (KuCoin)
(# Cos: 355 | $1.4B)
KuCoin
(2017, Seychelles, $180M)
Gemini
(2015, United States, $400M)
Uniswap
(2018, United States, $176M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unizen (2020, Liechtenstein)
$200M - Series D - Jun 2022
Uniswap (2018, United States)
$165M - Series B - Oct 2022
LI.FI (2021, Germany)
$17.5M - Series A - Mar 2023
Mauve (1999, Germany)
$15.0M - Series B - Mar 2023
KuCoin (2017, Seychelles)
$10.0M - Series A - Jul 2022
zkLink (2019, Singapore)
$10.0M - Series B - May 2023
Parex (2021)
$6.5M - Series A - May 2023
View all 19 Funding Rounds on Tracxn Platform

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Image Recognition
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$418M (▼54.9%)
34(▼41.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
106
$7.1B
469
25
1234
82
AI Infrastructure (Scale)
(# Cos: 4688 | $53.1B)
Computer Vision (ProGlove)
(# Cos: 2074 | $9.7B)
Object Recognition (Featurespace)
(# Cos: 1304 | $7.2B)
Image Analysis (Jumio)
(# Cos: 1255 | $7.2B)
Image Recognition (Quantexa)
(# Cos: 1234 | $7.1B)
Quantexa
(2016, United Kingdom, $371M)
Jumio
(2010, United States, $196M)
Featurespace
(2008, United Kingdom, $111M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, United Kingdom)
$129M - Series E - Apr 2023
Everseen (2007, Ireland)
$71.3M - Series A - May 2023
MPCH Labs (2022, United Kingdom)
$40.0M - Series A - Sep 2022
Aquabyte (2017, United States)
$25.0M - Series B - Jul 2022
HYPR (2014, United States)
$25.0M - Series C - Dec 2022
IronVest (2022, United States)
$23.0M - Seed - Oct 2022
myPINpad (2012, United Kingdom)
$13.0M - Series C - Jun 2023
View all 34 Funding Rounds on Tracxn Platform

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
ZK Rollups
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$382M ( -- )
14( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.8B
23
-
40
4
Blockchain Infrastructure (Ripple)
(# Cos: 6081 | $23.2B)
Middleware (LayerZero)
(# Cos: 358 | $3.4B)
Rollups (Optimism)
(# Cos: 57 | $2.2B)
Zero Knowledge (StarkWare)
(# Cos: 40 | $1.8B)
StarkWare
(2018, Israel, $262M)
Immutable
(2018, Australia, $857M)
Matter Labs
(2019, Germany, $458M)
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 14 Funding Rounds on Tracxn Platform

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Dapp Development Platforms
17
25
Back to index
Blockchain Infrastructure (Ripple)
(# Cos: 6081 | $23.2B)
Application Development Platforms
(ConsenSys)
(# Cos: 708 | $4.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$359M (▼84.8%)
42(▼23.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$4.6B
249
1
708
51
ConsenSys
(2014, United States, $725M)
Alchemy
(2017, United States, $564M)
Covalent
(2018, Canada, $5.1M)
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
Tatum (2017, United States)
$41.5M - Series A - Oct 2022
nxyz (2022, United States)
$40.0M - Series A - Oct 2022
Superlayer (2021, United States)
$25.0M - Series B - Aug 2022
Fortress Bloc.. (2021, United States)
$22.5M - Seed - Aug 2022
Hyperlane (2021, United States)
$18.5M - Seed - Sep 2022
View all 42 Funding Rounds on Tracxn Platform

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Drone-based Package Delivery Services
18
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$350M (▼24.2%)
13(▼13.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.6B
59
2
128
12
Drones (Northrop Grumman)
(# Cos: 4328 | $12.6B)
Tech Enabled Services (Drone Racing League)
(# Cos: 1388 | $3.0B)
Logistics (Zipline)
(# Cos: 134 | $1.7B)
Drone Delivery (Flytrex)
(# Cos: 128 | $1.6B)
Flytrex
(2013, Israel, $60.0M)
Zipline
(2014, United States, $900M)
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
Skyports (2017, United Kingdom)
$3.1M - Series B - Aug 2022
Aviant (2020, Norway)
$2.3M - Seed - Nov 2022
FlyingBasket (2015, Italy)
$2.1M - Seed - Jun 2023
Skye Air (2020, India)
$1.7M - Seed - Aug 2022
Drone Express (2011, United States)
$250K - Seed - Mar 2023
View all 13 Funding Rounds on Tracxn Platform

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Halborn (2019, United States)
$90.0M - Series A - Jul 2022
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
Beosin (2018, Singapore)
$20.0M - Series A - Nov 2022
Merkle Science (2018, Singapore)
$19.0M - Series B - Aug 2022
SpiderOak (2007, United States)
$16.4M - Series C - Jan 2023
View all 33 Funding Rounds on Tracxn Platform
Blockchain Security
19
27
Back to index
Blockchain Infrastructure (Ripple)
(# Cos: 6081 | $23.2B)
Enablers (CertiK)
(# Cos: 568 | $2.5B)
Security (Chainalysis)
(# Cos: 249 | $2.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$347M (▼70.2%)
33(▲6.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$2.3B
113
2
249
28
Chainalysis
(2014, United States, $537M)
CertiK
(2018, United States, $290M)
Solidus Labs
(2017, United States, $83.0M)
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
NLP Text Analytics
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$334M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$718M
44
-
118
10
AI Infrastructure (Scale)
(# Cos: 4687 | $53.1B)
Natural Language Processing (Speechmatics)
(# Cos: 785 | $6.0B)
Text Solutions (Unbabel)
(# Cos: 224 | $971M)
Text Analytics (Cohere)
(# Cos: 118 | $718M)
Cohere
(2019, Canada, $435M)
AI21 Labs
(2017, Israel, $119M)
Mozn
(2017, Saudi Arabia, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cohere (2019, Canada)
$270M - Series C - May 2023
AI21 Labs (2017, Israel)
$64.0M - Series B - Jul 2022
Subtl.ai (2020, India)
Undisclosed - Angel - Mar 2023
$100K - Seed - Oct 2022

29. 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
Slingshot Aer.. (2016, United States)
$40.8M - Series A - Dec 2022
Helm (2016, United States)
$31.0M - Series C - Dec 2022
Buzz Solutions (2017, United States)
$3.3M - Series A - Dec 2022
Optelos (2016, United States)
$3.3M - Series A - Oct 2022
Aiir Innovations (2016, Netherlands)
$2.1M - Series A - Feb 2023
Assaia (2017, Switzerland)
Undisclosed - Seed - Jun 2023
Computer Vision in Aviation
21
29
Back to index
Computer Vision (Scandit)
(# Cos: 2604 | $30.7B)
Industry Specific Applications (Argo AI)
(# Cos: 1063 | $19.5B)
Aviation (Skydio)
(# Cos: 69 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$311M ( -- )
7( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.1B
38
-
69
11
Skydio
(2014, United States, $570M)
Helm
(2016, United States, $105M)
Slingshot Aerospace
(2016, United States, $111M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Smart Contract Development
22
30
Back to index
Smart Contracts (CertiK)
(# Cos: 594 | $1.9B)
Contract Development (Mysten Labs)
(# Cos: 172 | $423M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$310M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$423M
40
-
172
5
Mysten Labs
(2021, United Kingdom, $336M)
API3
(2020, Cayman Islands, $3.0M)
Gelato
(2020, Germany, $12.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mysten Labs (2021, United Kingdom)
$300M - Series B - Sep 2022
Superblocks (2015, Sweden)
$37.0M - Series A - Aug 2022
Neutron (2000)
$10.0M - Series A - Jun 2023
xMentium (2019, United States)
$2.4M - Series A - Feb 2023
Zoltar (2022, United States)
$125K - Seed - Jul 2022

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Crypto Based Personal Loans
23
31
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$307M (▼69.9%)
24(▼36.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.8B
153
-
366
37
Cryptocurrencies (Huobi)
(# Cos: 23771 | $38.9B)
Financial Services (Ripple)
(# Cos: 3275 | $8.5B)
Lending (Airfox)
(# Cos: 453 | $2.0B)
Consumer Loans (Aave)
(# Cos: 376 | $1.8B)
Personal Loans (Compound)
(# Cos: 366 | $1.8B)
Compound
(2017, United States, $78.9M)
Aave
(2017, United Kingdom, $29.5M)
Airfox
(2016, United States, $58.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Celsius (2017, United States)
$150M - Series B - Aug 2022
Salt lending (2016, United States)
$64.4M - Series A - Feb 2023
Compound (2017, United States)
$37.6M - Series B - Nov 2022
Credora (2019, United States)
$6.0M - Series A - Apr 2023
Fractal (2021, United States)
$6.0M - Seed - Apr 2023
MoHash (2021, India)
$6.0M - Seed - Jun 2022
Rodeo Finance (2022)
$5.0M - Series A - Apr 2023
View all 24 Funding Rounds on Tracxn Platform

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Security & Surveillance
24
32
Back to index
Security & Surveillance Technology (Scandit)
(# Cos: 13029 | $32.3B)
Suite (ADT)
(# Cos: 669 | $1.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$306M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
43
$1.8B
85
17
669
8
ADT
(1874, United States, $24.1M)
Verkada
(2016, United States, $357M)
Alarm.com
(2000, United States, $137M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Verkada (2016, United States)
$205M - Series D - Sep 2022
Brivo (1999, United States)
$92.0M - Series C - May 2023
Qualinx (2015, Netherlands)
$8.5M - Series A - Feb 2023
Shipshape (2017, United States)
Undisclosed - Seed - May 2023

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
PC and Console Core Game Developers
25
33
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$288M (▼83%)
14(▼57.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$2.8B
42
1
67
16
PC & Console Gaming (Roblox)
(# Cos: 7510 | $21.9B)
Game Developers (Horizon)
(# Cos: 159 | $3.3B)
PC & Console Games (Immutable)
(# Cos: 145 | $3.2B)
Core Games (Animoca Brands)
(# Cos: 67 | $2.8B)
Animoca Brands
(2014, China, $838M)
Immutable
(2018, Australia, $857M)
Horizon
(2015, United States, $53.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Animoca Brands (2014, China)
$38.0M - Series C - Sep 2022
$45.0M - Series C - Aug 2022
$110M - Series C - Aug 2022
$75.3M - Series C - Jul 2022
Horizon (2015, United States)
$40.0M - Series A - Oct 2022
Jot Art (2014)
$20.0M - Series B - Sep 2022
Meta Z (2021, France)
$10.0M - Series A - Jul 2022
View all 14 Funding Rounds on Tracxn Platform

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Location Tracking Security
26
34
Back to index
Security & Surveillance Technology (Scandit)
(# Cos: 13029 | $32.3B)
Location Tracking (Life360)
(# Cos: 3807 | $4.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$288M (▼67.3%)
26(▼29.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
101
$4.1B
507
17
3807
57
Life360
(2008, United States, $89.7M)
FourKites
(2014, United States, $243M)
TomTom
(1991, Netherlands)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swift Navigat.. (2012, United States)
$100M - Series D - Oct 2022
Project44 (2014, United States)
$80.0M - Series G - Nov 2022
$20.0M - Series F - Sep 2022
FourKites (2014, United States)
$10.0M - Series D - Sep 2022
$30.0M - Series D - Aug 2022
Circulor (2017, United Kingdom)
$25.0M - Series B - Jun 2022
Intangles (2015, India)
$10.0M - Series A - Feb 2023
View all 26 Funding Rounds on Tracxn Platform

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Physical Identity Access Management
27
35
Back to index
Security & Surveillance Technology (Scandit)
(# Cos: 13029 | $32.3B)
PIAM (Latch)
(# Cos: 2854 | $7.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$286M (▼79.9%)
60(▼43.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
224
$7.9B
885
44
2854
142
Latch
(2014, United States, $147M)
Openpath
(2016, United States, $63.0M)
HID Global
(1991, United States, $15.0K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MPCH Labs (2022, United Kingdom)
$40.0M - Series A - Sep 2022
Clearspeed (2016, United States)
$27.0M - Series C - Oct 2022
Alcatraz AI (2016, United States)
$25.0M - Series A - Sep 2022
Trustpair (2017, France)
$19.6M - Series B - Oct 2022
Chekk (2012, China)
$17.0M - Series A - Aug 2022
Lucinity (2018, Iceland)
$17.0M - Series B - Jul 2022
iiDENTIFii (2019, South Africa)
$15.0M - Series A - Sep 2022
View all 60 Funding Rounds on Tracxn Platform

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Seedtag (2014, Spain)
$254M - Series C - Jul 2022
Omneky (2018, United States)
$7.0M - Seed - Nov 2022
Gyde (2018, India)
$1.1M - Seed - Aug 2022
DotAlign (2009, United States)
$600K - Series A - Oct 2022
AskSid (2017, India)
$192K - Seed - Jul 2022
Stockmark (2016, Japan)
Undisclosed - Seed - Aug 2022
NLP in Marketing
28
36
Back to index
Natural Language Processing (Otter.ai)
(# Cos: 2373 | $23.6B)
Industry Agnostic Applications (Primer)
(# Cos: 1055 | $4.9B)
Marketing (CHEQ)
(# Cos: 220 | $1.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$263M (▼39.6%)
6(▼62.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$1.4B
109
1
220
21
CHEQ
(2014, Israel, $183M)
Seedtag
(2014, Spain, $299M)
Cognism
(2016, United Kingdom, $130M)
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
JAKA Robotics (2014, China)
$150M - Series D - Jul 2022
Emergen (2017, China)
$50.2M - Series C - Dec 2022
Fruitcore Robotics (2017, Germany)
$24.3M - Series B - Dec 2022
1X (2014, Norway)
$23.5M - Series A - Mar 2023
SysDesign (2013, Italy)
$3.2M - Series A - Jan 2023
NAU Robotics (2016, South Korea)
$3.0M - Series A - Apr 2023
Hyperion Robotics (2018, Finland)
$3.0M - Seed - Oct 2022
View all 12 Funding Rounds on Tracxn Platform
Industrial Robot Manufacturers
29
37
Back to index
Industrial Robotics (Ouster)
(# Cos: 1399 | $6.6B)
Robot Manufacturers (Gecko Robotics)
(# Cos: 720 | $3.0B)
Multi Utility Robots (Vicarious)
(# Cos: 362 | $2.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$259M (▼68.7%)
12(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
28
$2.2B
113
18
362
27
Vicarious
(2010, United States, $250M)
Universal Robots
(2005, Denmark, $5.3M)
Fruitcore Robotics
(2017, Germany, $44.3M)
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
Mavenir (2005, United States)
$100M - Series F - May 2023
$155M - Series F - Oct 2022
Multi Access Edge Computing
30
38
Back to index
Edge Computing (Fastly)
(# Cos: 441 | $8.1B)
Edge Networking (Cradlepoint)
(# Cos: 69 | $2.7B)
Multi Access Edge Computing (Mavenir)
(# Cos: 9 | $908M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$255M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$908M
4
1
9
0
Mavenir
(2005, United States, $860M)
Saguna
(2008, Israel, $12.2M)
Vasona Networks
(2010, Israel, $36.4M)
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
Tecton (2019, United States)
$100M - Series C - Jul 2022
Striveworks (2018, United States)
$33.0M - Series C - Jun 2023
Modular (2022, United States)
$30.0M - Seed - Jun 2022
MindsDB (2017, United States)
$25.0M - Series B - Jun 2023
$16.5M - Series A - Feb 2023
Deci (2019, Israel)
$25.0M - Series B - Jul 2022
NumberOne AI (2021, United States)
$13.0M - Series B - Oct 2022
View all 25 Funding Rounds on Tracxn Platform
Machine Learning Platforms
31
39
Back to index
AI Infrastructure (Arm)
(# Cos: 4687 | $53.1B)
Machine Intelligence Systems (Hugging Face)
(# Cos: 804 | $20.7B)
Machine Learning Platforms (Scale)
(# Cos: 351 | $3.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$250M (▼58.8%)
25(▼19.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$3.9B
142
-
351
34
Scale
(2016, United States, $603M)
Hugging Face
(2016, France, $165M)
Determined AI
(2017, United States, $13.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Video Analytics for Surveillance
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$244M (▼67%)
44(▼29%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
106
$7.2B
461
20
1196
71
Security & Surveillance Technology (Samsara)
(# Cos: 13029 | $32.3B)
Surveillance (Blink)
(# Cos: 3092 | $11.5B)
Video Surveillance (Eagle Eye Networks)
(# Cos: 3066 | $11.4B)
Analytics (Scandit)
(# Cos: 1196 | $7.2B)
Scandit
(2009, Switzerland, $273M)
Trax
(2010, Singapore, $1.0B)
SenseTime
(2014, China, $2.8B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CYREBRO (2012, Israel)
$40.0M - Series C - Sep 2022
Aiola (2003, Israel)
$25.0M - Series A - Jan 2023
Aquabyte (2017, United States)
$25.0M - Series B - Jul 2022
XXII (2015, France)
$23.9M - Series A - Mar 2023
Lassen Peak (2019, United States)
$16.0M - Series A - Oct 2022
Abyss Solutions (2014, Australia)
$15.0M - Series B - Nov 2022
nyris (2015, Germany)
$10.8M - Series A - Apr 2023
View all 44 Funding Rounds on Tracxn Platform

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
BrainBox AI (2017, Canada)
$20.0M - Series B - Apr 2023
$30.0M - Series A - Jul 2022
Operto (2005, Canada)
$25.0M - Series B - Mar 2023
Sympower (2015, Estonia)
$22.3M - Series B - Jul 2022
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 28 Funding Rounds on Tracxn Platform
IoT in Energy
33
41
Back to index
IoT Applications (Samsara)
(# Cos: 6858 | $18.2B)
Industry Specific (Reshamandi)
(# Cos: 5392 | $16.0B)
Energy (Ossia)
(# Cos: 1676 | $4.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$228M (▼34.4%)
28(▼24.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
159
$4.2B
567
27
1676
49
Ossia
(2008, United States, $54.6M)
Voltus
(2016, United States, $66.2M)
Bidgely
(2011, United States, $87.7M)
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
Trigo (2018, Israel)
$100M - Series C - Oct 2022
Nimble (2017, United States)
$65.0M - Series B - Mar 2023
Mad Street Den (2016, United States)
$30.0M - Series C - Jan 2023
$17.1M - Series B - Aug 2022
Impact Analyt.. (2015, United States)
$10.0M - Series B - Oct 2022
Traxlo (2019, Sweden)
$1.2M - Seed - May 2023
Pixyle (2019, Netherlands)
$1.0M - Seed - Dec 2022
View all 9 Funding Rounds on Tracxn Platform
Computer Vision in Retail
34
42
Back to index
Computer Vision (Skydio)
(# Cos: 2604 | $30.7B)
Industry Specific Applications (Argo AI)
(# Cos: 1063 | $19.5B)
Retail (Trax)
(# Cos: 118 | $2.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$224M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$2.2B
66
1
118
24
Trax
(2010, Singapore, $1.0B)
Grabango
(2016, United States, $71.2M)
Standard
(2017, United States, $231M)
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
I-Care (2004, Belgium)
$49.0M - Series D - Sep 2022
Litmus (2014, United States)
$30.0M - Series B - Sep 2022
Detect Technologies (2016, India)
$28.0M - Series B - Jul 2022
Fruitcore Robotics (2017, Germany)
$24.3M - Series B - Dec 2022
Infinite Uptime (2015, India)
$18.9M - Series B - May 2023
RobCo (2020, Germany)
$13.7M - Series A - Dec 2022
Raven Telemetry (2013, Canada)
$12.0M - Series A - Jan 2023
View all 21 Funding Rounds on Tracxn Platform
IoT in Manufacturing
35
43
Back to index
IoT Applications (Samsara)
(# Cos: 6858 | $18.2B)
Industry Specific (Reshamandi)
(# Cos: 5392 | $16.0B)
Manufacturing (Augury)
(# Cos: 503 | $1.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$224M (▼38.1%)
21(▼4.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$1.7B
176
-
503
42
Augury
(2011, United States, $294M)
Infinite Uptime
(2015, India, $31.3M)
Cognite
(2016, Norway, $225M)
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
EigenLayer (2021, United States)
$50.0M - Series A - Mar 2023
$50.0M - Series A - Mar 2023
$14.5M - Seed - Aug 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
Compute North (2017, United States)
$10.0M - Series C - Oct 2022
View all 13 Funding Rounds on Tracxn Platform
Crypto Mining Pools
36
44
Back to index
Cryptocurrencies (Huobi)
(# Cos: 23772 | $38.9B)
Mining (Bitmain)
(# Cos: 2244 | $2.7B)
Pool Mining (Stader)
(# Cos: 597 | $577M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$217M ( -- )
13( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$577M
92
1
597
16
Stader
(2021, Singapore, $16.5M)
Compute North
(2017, United States, $110M)
Lido
(2020, Finland, $72.0M)
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
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$215M (▼42%)
22(▼24.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.5B
100
1
248
27
AI Infrastructure (Scale)
(# Cos: 4686 | $53.1B)
Enabling Technologies (Arm)
(# Cos: 822 | $15.8B)
Software (Appen)
(# Cos: 517 | $3.5B)
Training Data (Snorkel AI)
(# Cos: 248 | $1.5B)
Snorkel AI
(2015, United States, $138M)
Appen
(1996, Australia)
CloudFactory
(2010, China, $78.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Selectstar (2019, South Korea)
$66.7M - Series A - Aug 2022
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
Superb AI (2018, United States)
$16.0M - Series B - Sep 2022
MindFlow (2018, China)
$7.4M - Series A - Jul 2022
RedBrick AI (2020, United States)
$4.6M - Seed - Nov 2022
View all 22 Funding Rounds on Tracxn Platform

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Limit Break (2021, United States)
$200M - Series D - Aug 2022
Immortal Game (2021, France)
$12.0M - Series A - Jul 2022
Illuvium (2020, Australia)
$10.0M - Series A - Jun 2023
Delysium (2015, United States)
$10.0M - Series A - Oct 2022
Mech (1996, United States)
$6.0M - Seed - Jun 2022
Flappy Moonbi.. (2022, United States)
$6.0M - Series A - Dec 2022
Neopets Metaverse (2021, China)
$4.0M - Series A - Jan 2023
View all 24 Funding Rounds on Tracxn Platform
PC and Console NFT Games
38
46
Back to index
PC & Console Gaming (Animoca Brands)
(# Cos: 7510 | $21.9B)
Blockchain Games (Faraway)
(# Cos: 747 | $926M)
NFTs (The Sandbox)
(# Cos: 730 | $926M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$211M ( -- )
24( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$926M
259
-
730
20
The Sandbox
(2018, Canada, $95.0M)
Faraway
(2021, United States, $29.0M)
Illuvium
(2020, Australia, $15.0M)
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
Blocto (2019, Taiwan)
$80.0M - Series A - Feb 2023
Taurus (2018, Switzerland)
$65.0M - Series B - Feb 2023
Fortress Bloc.. (2021, United States)
$22.5M - Seed - Aug 2022
ParFin (2019, United Kingdom)
$15.0M - Seed - Jan 2023
Metatime (2019, Turkey)
$11.0M - Seed - Mar 2023
Teahouse (2021, Taiwan)
$5.0M - Series A - Apr 2023
Infinity Exc.. (2022, United Kingdom)
$4.2M - Seed - Sep 2022
View all 13 Funding Rounds on Tracxn Platform
Crypto Financial Services
39
47
Back to index
Cryptocurrencies (Huobi)
(# Cos: 23772 | $38.9B)
Financial Services (Ripple)
(# Cos: 3275 | $8.5B)
Diversified (Circle)
(# Cos: 194 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$209M (▼50.2%)
13(▲117%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.1B
41
-
194
9
Circle
(2013, United States, $840M)
Taurus
(2018, Switzerland, $65.0M)
Block Green
(2022, Switzerland, $3.7M)
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
Seedtag (2014, Spain)
$254M - Series C - Jul 2022
Omneky (2018, United States)
$7.0M - Seed - Nov 2022
Gyde (2018, India)
$1.1M - Seed - Aug 2022
DotAlign (2009, United States)
$600K - Series A - Oct 2022
AskSid (2017, India)
$192K - Seed - Jul 2022
Stockmark (2016, Japan)
Undisclosed - Seed - Aug 2022
NLP in Marketing
28
48
Back to index
Natural Language Processing (Otter.ai)
(# Cos: 2365 | $23.6B)
Industry Agnostic Applications (Primer)
(# Cos: 1040 | $4.9B)
Marketing (CHEQ)
(# Cos: 219 | $1.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$263M (▼39.6%)
6(▼62.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$1.4B
109
1
219
23
CHEQ
(2014, Israel, $183M)
Seedtag
(2014, Spain, $299M)
Cognism
(2016, United Kingdom, $130M)
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
JAKA Robotics (2014, China)
$150M - Series D - Jul 2022
Emergen (2017, China)
$50.2M - Series C - Dec 2022
Fruitcore Robotics (2017, Germany)
$24.3M - Series B - Dec 2022
1X (2014, Norway)
$23.5M - Series A - Mar 2023
SysDesign (2013, Italy)
$3.2M - Series A - Jan 2023
NAU Robotics (2016, South Korea)
$3.0M - Series A - Apr 2023
Hyperion Robotics (2018, Finland)
$3.0M - Seed - Oct 2022
View all 12 Funding Rounds on Tracxn Platform
Industrial Robot Manufacturers
29
49
Back to index
Industrial Robotics (Ouster)
(# Cos: 1370 | $6.6B)
Robot Manufacturers (Gecko Robotics)
(# Cos: 709 | $3.0B)
Multi Utility Robots (Vicarious)
(# Cos: 356 | $2.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$259M (▼68.7%)
12(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
28
$2.2B
113
18
357
31
Vicarious
(2010, United States, $250M)
Universal Robots
(2005, Denmark, $5.3M)
Fruitcore Robotics
(2017, Germany, $44.3M)
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
Mavenir (2005, United States)
$100M - Series F - May 2023
$155M - Series F - Oct 2022
Multi Access Edge Computing
30
50
Back to index
Edge Computing (Fastly)
(# Cos: 433 | $8.1B)
Edge Networking (Cradlepoint)
(# Cos: 68 | $2.7B)
Multi Access Edge Computing (Mavenir)
(# Cos: 8 | $908M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$255M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$908M
4
1
8
2
Mavenir
(2005, United States, $860M)
Saguna
(2008, Israel, $12.2M)
Vasona Networks
(2010, Israel, $36.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Tecton (2019, United States)
$100M - Series C - Jul 2022
Striveworks (2018, United States)
$33.0M - Series C - Jun 2023
Modular (2022, United States)
$30.0M - Seed - Jun 2022
MindsDB (2017, United States)
$25.0M - Series B - Jun 2023
$16.5M - Series A - Feb 2023
Deci (2019, Israel)
$25.0M - Series B - Jul 2022
NumberOne AI (2021, United States)
$13.0M - Series B - Oct 2022
View all 25 Funding Rounds on Tracxn Platform
Machine Learning Platforms
31
51
Back to index
AI Infrastructure (Arm)
(# Cos: 4610 | $53.1B)
Machine Intelligence Systems (Hugging Face)
(# Cos: 791 | $20.7B)
Machine Learning Platforms (Scale)
(# Cos: 345 | $3.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$250M (▼58.8%)
25(▼19.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$3.9B
142
-
347
44
Scale
(2016, United States, $603M)
Hugging Face
(2016, France, $165M)
Determined AI
(2017, United States, $13.6M)
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 Analytics for Surveillance
32
52
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$244M (▼67%)
44(▼29%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
106
$7.2B
461
20
1183
91
Security & Surveillance Technology (Samsara)
(# Cos: 12604 | $32.3B)
Surveillance (Blink)
(# Cos: 3028 | $11.5B)
Video Surveillance (Eagle Eye Networks)
(# Cos: 3002 | $11.4B)
Analytics (Scandit)
(# Cos: 1179 | $7.2B)
Scandit
(2009, Switzerland, $273M)
Trax
(2010, Singapore, $1.0B)
SenseTime
(2014, China, $2.8B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CYREBRO (2012, Israel)
$40.0M - Series C - Sep 2022
Aiola (2003, Israel)
$25.0M - Series A - Jan 2023
Aquabyte (2017, United States)
$25.0M - Series B - Jul 2022
XXII (2015, France)
$23.9M - Series A - Mar 2023
Lassen Peak (2019, United States)
$16.0M - Series A - Oct 2022
Abyss Solutions (2014, Australia)
$15.0M - Series B - Nov 2022
nyris (2015, Germany)
$10.8M - Series A - Apr 2023
View all 44 Funding Rounds on Tracxn Platform

53. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
BrainBox AI (2017, Canada)
$20.0M - Series B - Apr 2023
$30.0M - Series A - Jul 2022
Operto (2005, Canada)
$25.0M - Series B - Mar 2023
Sympower (2015, Estonia)
$22.3M - Series B - Jul 2022
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 28 Funding Rounds on Tracxn Platform
IoT in Energy
33
53
Back to index
IoT Applications (Samsara)
(# Cos: 6705 | $18.2B)
Industry Specific (Latch)
(# Cos: 5274 | $16.0B)
Energy (Ossia)
(# Cos: 1633 | $4.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$228M (▼34.4%)
28(▼24.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
159
$4.2B
567
25
1634
63
Ossia
(2008, United States, $54.6M)
Voltus
(2016, United States, $66.2M)
Bidgely
(2011, United States, $87.7M)
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
Trigo (2018, Israel)
$100M - Series C - Oct 2022
Nimble (2017, United States)
$65.0M - Series B - Mar 2023
Mad Street Den (2016, United States)
$30.0M - Series C - Jan 2023
$17.1M - Series B - Aug 2022
Impact Analyt.. (2015, United States)
$10.0M - Series B - Oct 2022
Traxlo (2019, Sweden)
$1.2M - Seed - May 2023
Pixyle (2019, Netherlands)
$1.0M - Seed - Dec 2022
View all 9 Funding Rounds on Tracxn Platform
Computer Vision in Retail
34
54
Back to index
Computer Vision (Skydio)
(# Cos: 2567 | $30.7B)
Industry Specific Applications (Argo AI)
(# Cos: 1056 | $19.5B)
Retail (Trax)
(# Cos: 118 | $2.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$224M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$2.2B
66
1
118
25
Trax
(2010, Singapore, $1.0B)
Grabango
(2016, United States, $71.2M)
Standard
(2017, United States, $231M)
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
I-Care (2004, Belgium)
$49.0M - Series D - Sep 2022
Litmus (2014, United States)
$30.0M - Series B - Sep 2022
Detect Technologies (2016, India)
$28.0M - Series B - Jul 2022
Fruitcore Robotics (2017, Germany)
$24.3M - Series B - Dec 2022
Infinite Uptime (2015, India)
$18.9M - Series B - May 2023
RobCo (2020, Germany)
$13.7M - Series A - Dec 2022
Raven Telemetry (2013, Canada)
$12.0M - Series A - Jan 2023
View all 21 Funding Rounds on Tracxn Platform
IoT in Manufacturing
35
55
Back to index
IoT Applications (Samsara)
(# Cos: 6705 | $18.2B)
Industry Specific (Latch)
(# Cos: 5274 | $16.0B)
Manufacturing (Augury)
(# Cos: 494 | $1.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$224M (▼38.1%)
21(▼4.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$1.7B
176
-
494
48
Augury
(2011, United States, $294M)
Infinite Uptime
(2015, India, $31.3M)
Cognite
(2016, Norway, $225M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
EigenLayer (2021, United States)
$50.0M - Series A - Mar 2023
$14.5M - Seed - Aug 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
Compute North (2017, United States)
$10.0M - Series C - Oct 2022
Jito Labs (2021, United States)
$10.0M - Series A - Aug 2022
View all 12 Funding Rounds on Tracxn Platform
Crypto Mining Pools
36
56
Back to index
Cryptocurrencies (Huobi)
(# Cos: 22564 | $39.0B)
Mining (Bitmain)
(# Cos: 2213 | $2.7B)
Pool Mining (Stader)
(# Cos: 585 | $512M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$217M ( -- )
13( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$512M
91
-
587
16
Stader
(2021, Singapore, $16.5M)
Compute North
(2017, United States, $110M)
Lido
(2020, Finland, $72.0M)
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
Data Annotation Tools
37
57
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$215M (▼42%)
22(▼24.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.6B
100
1
247
28
AI Infrastructure (Scale)
(# Cos: 4610 | $53.1B)
Enabling Technologies (Arm)
(# Cos: 814 | $15.8B)
Software (Appen)
(# Cos: 512 | $3.5B)
Training Data (Snorkel AI)
(# Cos: 247 | $1.6B)
Snorkel AI
(2015, United States, $138M)
Appen
(1996, Australia)
CloudFactory
(2010, China, $78.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Selectstar (2019, South Korea)
$66.7M - Series A - Aug 2022
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
Superb AI (2018, United States)
$16.0M - Series B - Sep 2022
MindFlow (2018, China)
$7.4M - Series A - Jul 2022
RedBrick AI (2020, United States)
$4.6M - Seed - Nov 2022
View all 22 Funding Rounds on Tracxn Platform

58. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Limit Break (2021, United States)
$200M - Series D - Aug 2022
Immortal Game (2021, France)
$12.0M - Series A - Jul 2022
Illuvium (2020, Australia)
$10.0M - Series A - Jun 2023
Delysium (2015, United States)
$10.0M - Series A - Oct 2022
Mech (1996, United States)
$6.0M - Seed - Jun 2022
Flappy Moonbi.. (2022, United States)
$6.0M - Series A - Dec 2022
Neopets Metaverse (2021, China)
$4.0M - Series A - Jan 2023
View all 24 Funding Rounds on Tracxn Platform
PC and Console NFT Games
38
58
Back to index
PC & Console Gaming (Animoca Brands)
(# Cos: 7397 | $21.9B)
Blockchain Games (Faraway)
(# Cos: 734 | $926M)
NFTs (The Sandbox)
(# Cos: 717 | $926M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$211M ( -- )
24( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$926M
259
-
722
20
The Sandbox
(2018, Canada, $95.0M)
Faraway
(2021, United States, $29.0M)
Illuvium
(2020, Australia, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Blocto (2019, Taiwan)
$80.0M - Series A - Feb 2023
Taurus (2018, Switzerland)
$65.0M - Series B - Feb 2023
Fortress Bloc.. (2021, United States)
$22.5M - Seed - Aug 2022
ParFin (2019, United Kingdom)
$15.0M - Seed - Jan 2023
Metatime (2019, Turkey)
$11.0M - Seed - Mar 2023
Teahouse (2021, Taiwan)
$5.0M - Series A - Apr 2023
Infinity Exc.. (2022, United Kingdom)
$4.2M - Seed - Sep 2022
View all 13 Funding Rounds on Tracxn Platform
Crypto Financial Services
39
59
Back to index
Cryptocurrencies (Huobi)
(# Cos: 22564 | $39.0B)
Financial Services (Ripple)
(# Cos: 3161 | $8.5B)
Diversified (Circle)
(# Cos: 168 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$209M (▼50.2%)
13(▲117%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.1B
41
-
195
10
Circle
(2013, United States, $840M)
Taurus
(2018, Switzerland, $65.0M)
Block Green
(2022, Switzerland, $3.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

60. 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
Ambi Robotics (2018, United States)
$32.0M - Series B - Oct 2022
Pickle Robot (2018, United States)
$26.0M - Series A - Nov 2022
Fox Robotics (2018, United States)
$20.0M - Series B - Oct 2022
Slip Robotics (2019, United States)
$11.0M - Series B - May 2023
View all 21 Funding Rounds on Tracxn Platform
Warehouse Robotics
40
60
Back to index
Professional Service Robots (Nuro)
(# Cos: 2933 | $26.0B)
Logistics (RightHand Robotics)
(# Cos: 544 | $7.4B)
Warehouse Automation (GreyOrange)
(# Cos: 489 | $7.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$201M (▼83.9%)
21(▼63.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
37
$7.0B
169
7
489
51
GreyOrange
(2012, United States, $410M)
RightHand Robotics
(2014, United States, $125M)
Third Wave Automation
(2018, United States, $70.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

61. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Superconducting Quantum Computer
41
61
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$196M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$582M
11
-
11
4
Quantum Computing (ColdQuanta)
(# Cos: 462 | $4.3B)
Quantum Hardware (IQM)
(# Cos: 135 | $2.8B)
Computers (IonQ)
(# Cos: 43 | $1.9B)
Universal Quantum (PsiQuantum)
(# Cos: 35 | $1.6B)
Superconducting Qubit (Rigetti
Computing)
(# Cos: 11 | $582M)
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
Quantum Circ.. (2007, United Kingdom)
$1.1M - Series A - Feb 2023
$46.4M - Series A - Jul 2022
Oxford Ionics (2019, United Kingdom)
$36.3M - Series A - Jan 2023

62. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
AlphaSense (2008, United States)
$100M - Series D - Apr 2023
SESAMm (2014, France)
$37.1M - Series B - Mar 2023
Planck (2016, United States)
$23.0M - Series D - Sep 2022
Alkymi (2017, United States)
$21.0M - Series A - Oct 2022
Shield (2017, Denmark)
$20.0M - Series B - Dec 2022
ProNavigator (2016, Canada)
$7.7M - Series B - Sep 2022
Aiera (2017, United States)
$4.2M - Series B - Jun 2023
View all 11 Funding Rounds on Tracxn Platform
NLP in Banking
42
62
Back to index
Natural Language Processing (Otter.ai)
(# Cos: 2365 | $23.6B)
Industry Specific Applications (Eigen
Technologies)
(# Cos: 533 | $2.9B)
BFSI (AlphaSense)
(# Cos: 118 | $1.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$194M (▼58%)
10( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.4B
66
-
118
23
AlphaSense
(2008, United States, $594M)
Eigen Technologies
(2014, United Kingdom, $60.0M)
AppZen
(2012, United States, $103M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

63. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Morse Micro (2016, Australia)
$20.2M - Series B - Nov 2022
$95.1M - Series B - Sep 2022
EdgeQ (2020, United States)
$75.0M - Series B - Apr 2023
CSK (2016, China)
Undisclosed - Seed - Aug 2022
SoC for IoT
43
63
Back to index
Internet of Things Infrastructure (Cradlepoint)
(# Cos: 5123 | $28.1B)
IoT Chips (Qorvo)
(# Cos: 342 | $7.0B)
SoC (Entropic)
(# Cos: 92 | $2.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$190M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$2.6B
65
9
92
11
Entropic
(2001, United States, $71.0M)
Espressif
(2007, China, $3.3M)
Rambus
(1990, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

64. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Speechmatics (2009, United Kingdom)
$62.0M - Series B - Jun 2022
Descript (2017, United States)
$50.6M - Series C - Nov 2022
Deepgram (2015, United States)
$47.0M - Series B - Nov 2022
AssemblyAI (2017, United States)
$30.0M - Series B - Jul 2022
Speech to Text
44
64
Back to index
Speech and Voice Recognition (Babbel)
(# Cos: 842 | $7.6B)
Applications (Five9)
(# Cos: 599 | $5.9B)
Speech to Text (Otter.ai)
(# Cos: 103 | $1.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$190M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.7B
38
-
103
13
Otter.ai
(2016, United States, $70.0M)
Verbit
(2017, United States, $550M)
Speechmatics
(2009, United Kingdom, $90.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

65. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Improbable (2012, United Kingdom)
$111M - Series D - Oct 2022
Hadean (2017, United Kingdom)
$5.0M - Series A - Mar 2023
$30.0M - Series A - Sep 2022
$18.3M - Series A - Aug 2022
Istari (2022, United States)
$13.0M - Seed - Feb 2023
MetaGravity (2021, United Kingdom)
$9.5M - Seed - Apr 2023
Fectar (2018, Netherlands)
$2.7M - Angel - Feb 2023
View all 16 Funding Rounds on Tracxn Platform
Metaverse Development
45
65
Back to index
Metaverse (Roblox)
(# Cos: 968 | $5.4B)
Infrastructure (Spatial)
(# Cos: 148 | $1.3B)
Metaverse Development (Improbable)
(# Cos: 119 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$176M ( -- )
16( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
44
-
121
7
Improbable
(2012, United Kingdom, $1.1B)
Spatial
(2016, United States, $66.8M)
Hadean
(2017, United Kingdom, $65.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

66. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Outdoor Positioning
46
66
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$174M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$746M
42
1
415
15
Geographic Information Systems (MapmyIndia)
(# Cos: 4450 | $11.8B)
Positioning & Navigation (What3words)
(# Cos: 1062 | $2.1B)
Positioning (Kinexon)
(# Cos: 636 | $1.5B)
Outdoor (Point One Navigation)
(# Cos: 415 | $746M)
Point One Navigation
(2016, United States, $17.5M)
Agri Info Design
(2013, Japan, $2.8M)
Xona Space Systems
(2019, United States, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swift Navigat.. (2012, United States)
$100M - Series D - Oct 2022
Advanced Navigation (2012, Australia)
$68.0M - Series B - Nov 2022
Focal Point .. (2015, United Kingdom)
Undisclosed - Series C - Jan 2023
$26.4M - Series C - Sep 2022
Geoflex (2012, France)
$6.4M - Series A - Mar 2023
Xona Space Sy.. (2019, United States)
Undisclosed - Series A - Aug 2022
Fixposition (2017, Switzerland)
Undisclosed - Seed - Dec 2022
View all 8 Funding Rounds on Tracxn Platform

67. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Worldcoin (2019, United States)
$115M - Series C - May 2023
Crypto Snack (2021, Spain)
$50.0M - Series C - Jul 2022
General Purpose Cryptocurrencies
47
67
Back to index
Cryptocurrencies (Huobi)
(# Cos: 22564 | $39.0B)
Coins (TrustToken)
(# Cos: 2825 | $1.5B)
General Purpose (Worldcoin)
(# Cos: 878 | $348M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$165M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$348M
42
-
971
4
Worldcoin
(2019, United States, $240M)
Remint
(2021, Sweden)
TYB
(2021, United States, $9.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

68. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Uniswap (2018, United States)
$165M - Series B - Oct 2022
Decentralised Exchange Protocol
48
68
Back to index
Decentralized Autonomous Organizations (POAP)
(# Cos: 449 | $1.9B)
Protocol DAOs (1inch)
(# Cos: 133 | $891M)
Decentralized Exchanges (Uniswap)
(# Cos: 19 | $400M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$165M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$400M
16
-
19
9
Uniswap
(2018, United States, $176M)
1inch
(2020, United Kingdom, $14.8M)
dYdX
(2017, United States, $87.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

69. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
Recent Funding Rounds
Primer (2015, United States)
$69.0M - Series D - Jun 2023
AI21 Labs (2017, Israel)
$64.0M - Series B - Jul 2022
Black Swan D.. (2011, United Kingdom)
$18.5M - Series B - Jun 2022
AppOrchid (2013, United States)
$6.3M - Series B - Dec 2022
StoryFit (2015, United States)
$5.5M - Series A - Oct 2022
Artiwise (2016, Turkey)
$600K - Seed - Jun 2023
Latent Knowle.. (2019, United States)
$194K - Seed - Mar 2023
View all 13 Funding Rounds on Tracxn Platform
NLP based Text Analytics
49
69
Back to index
Natural Language Processing (Otter.ai)
(# Cos: 2365 | $23.6B)
Industry Agnostic Applications (Unbabel)
(# Cos: 1040 | $4.9B)
Text Analytics (Primer)
(# Cos: 429 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$164M ( -- )
13( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
34
$1.3B
153
4
430
28
Primer
(2015, United States, $237M)
Clarabridge
(2006, United States, $125M)
Ripjar
(2012, United Kingdom, $60.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

70. 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
OQ Technology (2016, Luxembourg)
$13.0M - Series A - Sep 2022
Sateliot (2018, United States)
$10.0M - Series A - Sep 2022
eSAT Global (2017, United States)
Undisclosed - Seed - Oct 2022
Satellite IoT Connectivity
50
70
Back to index
Internet of Things Infrastructure (Cradlepoint)
(# Cos: 5123 | $28.1B)
IoT Connectivity (Truphone)
(# Cos: 519 | $8.1B)
Satellite (Astrocast)
(# Cos: 31 | $4.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$159M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$4.8B
22
2
31
8
Astrocast
(2014, Switzerland, $13.4M)
Iridium Communications
(2001, United States)
Swarm Technologies
(2016, United States, $28.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

71. High Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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73. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
High Tech - Top Business Models Report
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