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1. TRACXN TOP BUSINESS MODELS REPORT
September 01, 2021
SEMICONDUCTORS

2. Semiconductors - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
Semiconductors Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Semiconductors - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Funding in last 1 year
3
Analog and Mixed Signal ICs $5.1B
Digital ICs $3.6B
Sensors $2.2B
Photonics $2.0B
Embedded Systems $729M
Display Technology $277M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Zhen Fund
Sequoia Capital
Green Pine Capital Partners
5
4
4
Early
Stage
CTC Capital
Matrix Partners China
Glory Ventures
5
4
4
Late
Stage
BlackRock
Baillie Gifford
Hillhouse Capital Group
4
3
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
China (53%)
United States (31%)
Canada (4%)
United Kingdom (3%)
Israel (2%)
France (2%)
Netherlands (1%)
Others (4%)
$ Funding # Rounds
Horizon Robotics
(2015, China)
$1.5B - Series C
Unisoc
(2001, China)
$815M - Series E
SambaNova Systems
(2017, United States)
$676M - Series D
Zhuhai Apex Microelect..
(2004, China)
$490M - Series D
PsiQuantum
(2016, United States)
$450M - Series D
Biren Technology
(2019, China)
$410M - Series B
Horizon Robotics
(2015, China)
$400M - Series C
Horizon Robotics
(2015, China)
$350M - Series C
Hesai Technology
(2013, China)
$300M - Series D
Groq
(2016, United States)
$300M - Series C
Shanghai Liaoyuan Tech..
(2018, China)
$278M - Series C
Black Sesame Technolog..
(2016, China)
$231M - Series C

4. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Automotive SoC $2.9B 8 Horizon Robot.. | $1.5B | Series C Link
2▼1 Intelligent Processing Units $1.2B 4 SambaNova Sys.. | $676M | Series D Link
3▲3 Deep Learning Processing Units $478M 2 Shanghai Liao.. | $278M | Series C Link
4▼1 LiDAR $429M 12 Hesai Technol.. | $300M | Series D Link
5-- Tensor Processing Units $300M 1 Groq | $300M | Series C Link
6▲6 Biophotonic Imaging $271M 2 Exo | $220M | Series C Link
7▲7 IoT SoC $247M 9 Ambiq | $127M | Series D Link
8▲26 CMOS Image Sensors $244M 3 SmartSens | $225M | Series D Link
9▲48 Embedded Vision $231M 1 Black Sesame .. | $231M | Series C Link
10-- 2D Image Sensor $229M 4 SmartSens | $225M | 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 © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲5 Multi-Parameter Sensor Developers $171M 7 Memsic | $155M | Unattributed Link
12▲43 MEMS Inertial Sensors $155M 2 Memsic | $155M | Unattributed Link
13-- Graphic Processing Units $154M 4 Muxi Integrat.. | $154M | Series A Link
14▼10 Visual Processing Units $150M 6 IntelliFusion | $147M | Series D Link
15▼10 Neural Processing Units $133M 5 Hailo | $110M | Series C Link
16▲1 Optoelectronic Light Emitting Diodes $129M 3 Aledia | $94.2M | Series D Link
17▼15 Ethernet Chips $100M 1 Xsight Labs | $100M | Series D Link
18▼9 Electronic Packaging $92.3M 1 Kandou Bus | $92.3M | Series C Link
19▼12 Silicon Photonic Materials $88.1M 3 Rockley Phot.. | $65.0M | Series F Link
20-- Optical Interconnects $42.7M 2 Ayar Labs | $35.0M | 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 © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲5 3D Image Sensors $41.0M 4 ISORG | $19.0M | Series C Link
22-- Fabless Manufacturers $39.7M 2 Senscomm | $22.9M | Series A Link
23▼4 Non-Volatile Memory $34.3M 5 Floadia | $11.5M | Series C Link
24▲23 OLED Materials $34.3M 1 Kyulux | $34.3M | Series B Link
25▲7 Sensors for Oil & Gas Industry $32.4M 5 Detect Techn.. | $12.0M | Series B Link
26▲16 Pressure Sensors $30.4M 3 FineMEMS | $30.4M | Series D Link
27-- Biometrics Sensors $29.3M 3 BIOSEC | $15.3M | Series B Link
28▼8 Power Management ICs $28.1M 6 Cambridge Gan.. | $9.5M | Series A Link
29▲24 Flexible Solar Cell $27.0M 6 Swift Solar | $8.2M | Series B Link
30▼19 Flexible Sensors $23.6M 3 ISORG | $19.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▼9 MEMS Microphone Sensors $23.5M 3 GMEMS Techno.. | $15.5M | Series B Link
32▼1 Structural Health Monitoring Sensors $21.1M 5 Micatu | $10.0M | Series A Link
33▲18 RFIC $19.2M 8 QuantalRF | $19.2M | Series B Link
34-- Embedded Automotive $17.4M 1 IoTecha | $17.4M | Series B Link
35▲15 Thermal Sensors $16.8M 5 Therma | $10.2M | Series B Link
36▼9 Positioning and Motion Sensors $16.0M 40 Hesai Technol.. | $300M | Series D Link
37-- Network Processors $15.4M 1 Muchuang | $15.4M | Series A Link
38-- Sensors for Sports Industry $12.0M 3 In&Motion | $12.0M | Series B Link
39-- Low Power Media Processor $11.8M 1 iDEAL Semico.. | $11.8M | Series B Link
40▼11 Sensors for Food Industry $10.8M 2 Aromyx | $10.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲5 Fiber Optic Sensors $10.0M 1 Micatu | $10.0M | Series A Link
42▲3 Sensors for Agriculture Industry $9.9M 8 Senorics | $9.8M | Series A Link
43▲6 Sensors for Industrial Process Monitoring $9.3M 4 Infinite Uptime | $5.2M | Series B Link
44▲8 Electronic Manufacturing Services $9.0M 5 PRETTL Electr.. | $9.0M | Series A Link
45-- Optical Molecular Spectroscopy $8.0M 3 Speclipse | $8.0M | Series A Link
46▼2 Embedded Application Security Software $8.0M 1 Foundries.io | $8.0M | Series A Link
47▼4 Light Field Displays $7.1M 5 Ostendo | $19.4M | Series E Link
48▼13 Sensors for Automotive Industry $7.0M 4 Lunewave | $7.0M | Series A Link
49-- Image Sensors $5.6M 13 SmartSens | $225M | Series D Link
50-- Human Presence Detection Sensors $4.7M 1 Affluences | $4.7M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Horizon Robotics (2015, China)
$1.5B - Series C - Jun 2021
Horizon Robotics (2015, China)
$400M - Series C - Jan 2021
Horizon Robotics (2015, China)
$350M - Series C - Feb 2021
Black Sesame Technolo.. (2016, China)
$231M - Series C - Apr 2021
Nanjing Core Semicond.. (2018, China)
$154M - Series B - Jul 2021
Horizon Robotics (2015, China)
$150M - Series C - Dec 2020
Nanjing Core Semicond.. (2018, China)
$73.3M - Series A - Sep 2020
View all 8 Funding Rounds on Tracxn Platform
Automotive SoC
01
9
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1181 | $20.5B)
System on chip (InvenSense)
(# Cos: 295 | $9.0B)
Automotive (Mobileye)
(# Cos: 18 | $4.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.9B( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$4.2B
13
2
18
3
Mobileye
(1999, Israel, $530M)
Horizon Robotics
(2015, China, $3.1B)
Black Sesame Technolog..
(2016, China, $346M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Intelligent Processing Units
02
10
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.2B(▲163%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4B
13
-
15
7
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Artificial Intelligence and Machine
Learning (MediaTek)
(# Cos: 99 | $5.2B)
Intelligent Processing Unit
(SambaNova Systems)
(# Cos: 15 | $2.4B)
SambaNova Systems
(2017, United States, $1.1B)
Graphcore
(2016, United Kingdom, $767M)
Mythic
(2012, United States, $165M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SambaNova Sys.. (2017, United States)
$676M - Series D - Apr 2021
Graphcore (2016, United Kingdom)
$222M - Series E - Dec 2020
Shanghai Tianshu Zhix.. (2018, China)
$186M - Series C - Mar 2021
Mythic (2012, United States)
$70.0M - Series C - May 2021

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Deep Learning Processing Units
03
11
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$478M(▲258%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.2B
12
-
13
5
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 99 | $5.2B)
Deep Learning Processing Unit
(Cerebras Systems)
(# Cos: 13 | $1.2B)
Cerebras Systems
(2016, United States, $100M)
Tenstorrent
(2016, Canada, $221M)
Nervana Systems
(2014, United States, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Shanghai Liaoyuan Tec.. (2018, China)
$278M - Series C - Jan 2021
Tenstorrent (2016, Canada)
$200M - Series C - May 2021

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
LiDAR
04
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$429M(▲123%)
12(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
15
-
18
10
Photonics (Inphi)
(# Cos: 1307 | $10.2B)
Quantum Optics (NeoPhotonics)
(# Cos: 264 | $3.6B)
Applications (Horizon Quantum Computing)
(# Cos: 71 | $1.1B)
Scanning and Surveying (Sense Photonics)
(# Cos: 27 | $1.1B)
LiDAR (Quanergy)
(# Cos: 18 | $1.1B)
Quanergy
(2012, United States, $160M)
Sense Photonics
(2016, United States, $80.8M)
Innovusion
(2020, United States, $94.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hesai Technology (2013, China)
$300M - Series D - Jun 2021
Innovusion (2020, United States)
$64.0M - Series B - May 2021
Sense Photonics (2016, United States)
$32.1M - Series B - Nov 2020
OmniSensing Photonics.. (2016, China)
$15.6M - Series A - Jun 2021
Voyant Photon.. (2017, United States)
$15.5M - Series B - Feb 2021
Psionic (2016, United States)
$1.0M - Seed - Sep 2020
LightCode Photonics (2020, Estonia)
$516K - Seed - May 2021
View all 12 Funding Rounds on Tracxn Platform

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Tensor Processing Units
05
13
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$300M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$367M
1
-
1
1
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 99 | $5.2B)
Tensor Processing Unit (Groq)
(# Cos: 1 | $367M)
Groq
(2016, United States, $367M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Groq (2016, United States)
$300M - Series C - Apr 2021

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Exo (2015, United States)
$220M - Series C - Jul 2021
Exo (2015, United States)
$51.0M - Series C - Nov 2020
Biophotonic Imaging
06
14
Back to index
Photonics (Inphi)
(# Cos: 1307 | $10.2B)
Biophotonics (LUMICKS)
(# Cos: 95 | $845M)
Imaging (Exo)
(# Cos: 25 | $479M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$271M(▲578%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$479M
15
-
25
3
Exo
(2015, United States, $346M)
Vivosight
(2006, United Kingdom, $8.7M)
Seno Medical
(2005, United States, $54.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Ambiq (2010, United States)
$127M - Series D - Mar 2021
Uhnder (2015, United States)
$45.0M - Series C - Nov 2020
EdgeQ (2020, United States)
$38.5M - Series A - Nov 2020
Winner microelectronics (2015, China)
$15.4M - Series C - Aug 2021
Eta Compute (2015, United States)
$12.5M - Series C - Dec 2020
AlphaICs (2016, United States)
$8.0M - Series B - Oct 2020
Jingshi Intelligent T.. (2019, China)
Undisclosed - Series A - Jan 2021
View all 9 Funding Rounds on Tracxn Platform
IoT SoC
07
15
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1181 | $20.5B)
System on chip (Mobileye)
(# Cos: 295 | $9.0B)
IoT (InvenSense)
(# Cos: 87 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$247M(▲600%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$1.1B
53
9
87
7
InvenSense
(2003, United States, $38.0M)
Rambus
(1990, United States)
Entropic
(2001, United States, $71.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
SmartSens (2011, China)
$225M - Series D - Oct 2020
Voyant Photon.. (2017, United States)
$15.5M - Series B - Feb 2021
Shansi Micro Technology (2019, China)
$3.9M - Seed - Aug 2021
CMOS Image Sensors
08
16
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1181 | $20.5B)
Sensors (Insightness)
(# Cos: 92 | $506M)
CMOS Based (OmniVision)
(# Cos: 47 | $389M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$244M(▲2939%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$389M
24
3
47
5
OmniVision
(1995, United States)
TriEye
(2016, Israel, $22.0M)
SmartSens
(2011, China, $225M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Black Sesame Technolo.. (2016, China)
$231M - Series C - Apr 2021
Embedded Vision
09
17
Back to index
Embedded Systems (Wixsite)
(# Cos: 489 | $2.5B)
Embedded Applications (Particle)
(# Cos: 113 | $555M)
Embedded Vision (Black Sesame
Technologies)
(# Cos: 19 | $348M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$231M(▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$348M
4
1
19
1
Black Sesame Technolog..
(2016, China, $346M)
Basler
(1988, Germany)
Uncanny Vision
(2013, India, $1.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
2D Image Sensor
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$229M( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$374M
43
8
102
5
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Imaging (Seek Thermal)
(# Cos: 239 | $1.3B)
2D Image Sensor (ON
Semiconductor)
(# Cos: 102 | $374M)
ON Semiconductor
(1999, United States)
OmniVision
(1995, United States)
Insightness
(2014, Switzerland)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SmartSens (2011, China)
$225M - Series D - Oct 2020
Shansi Micro Technology (2019, China)
$3.9M - Seed - Aug 2021
AlpsenTek (2019, Switzerland)
Undisclosed - Seed - Jul 2021
MIIVII (2015, China)
Undisclosed - Series B - Jul 2021

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Memsic (1999, United States)
$155M - Unattributed - Jan 2021
OmniSensing Photonics.. (2016, China)
$15.6M - Series A - Jun 2021
Sweet Sense (2014, United States)
$609K - Seed - May 2021
AkuSense (2010, China)
Undisclosed - Series A - Oct 2020
Beijing Zhongke Yinhe.. (2018, China)
Undisclosed - Series A - Jan 2021
Libelium (2006, Spain)
Undisclosed - Seed - Jun 2021
Sodron (2010, China)
Undisclosed - Seed - Aug 2021
Multi-Parameter Sensor Developers
11
19
Back to index
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Multi-Parameter Sensor Developers
(Infineon)
(# Cos: 362 | $448M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$171M(▲569%)
7(▲133%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$448M
71
17
362
4
Infineon
(1999, Germany)
Silicon Laboratories
(1996, United States)
MC10
(2008, United States, $115M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Memsic (1999, United States)
$155M - Unattributed - Jan 2021
One Silicon Chip Pho.. (2015, Canada)
$100K - Seed - Mar 2021
MEMS Inertial Sensors
12
20
Back to index
Micro Electro Mechanical Systems (SiTime)
(# Cos: 424 | $1.6B)
Sensors (mCube)
(# Cos: 348 | $802M)
Inertial sensors (InvenSense)
(# Cos: 97 | $437M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$155M(▲ >10K%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$437M
37
5
97
3
InvenSense
(2003, United States, $38.0M)
mCube
(2009, United States, $37.0M)
TDK
(1974, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Graphic Processing Units
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$154M( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$225M
9
2
12
1
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (Rigetti Computing)
(# Cos: 320 | $10.1B)
Media Processor (Conexant)
(# Cos: 95 | $1.8B)
Graphic Processing Unit (NVIDIA)
(# Cos: 12 | $225M)
NVIDIA
(1993, United States)
Think Silicon
(2007, Greece, $20.0K)
MediaQ
(1997, United States, $55.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Muxi Integrated Circuit (2020, China)
$154M - Series A - Aug 2021
Muxi Integrated Circuit (2020, China)
Undisclosed - Seed - Nov 2020
Muxi Integrated Circuit (2020, China)
Undisclosed - Seed - Jan 2021
Muxi Integrated Circuit (2020, China)
Undisclosed - Seed - Mar 2021

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Visual Processing Units
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$150M(▲5.2%)
6(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$421M
14
1
17
4
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 99 | $5.2B)
Visual Processing Unit
(Brodmann17)
(# Cos: 17 | $421M)
Brodmann17
(2016, Israel, $13.5M)
Mindtech
(2017, United Kingdom, $3.3M)
Movidius
(2005, United States, $86.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
IntelliFusion (2014, China)
$147M - Series D - Sep 2020
Mindtech (2017, United Kingdom)
$3.3M - Series A - Jul 2021
Owl Autonomou.. (2018, United States)
$100K - Seed - Mar 2021
Aixin (2019, China)
Undisclosed - Seed - Apr 2021
Aixin (2019, China)
Undisclosed - Series A - Apr 2021
Schiphol (2019, China)
Undisclosed - Seed - May 2021

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Neural Processing Units
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$133M(▼5.2%)
5(▼37.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$367M
20
2
30
7
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 99 | $5.2B)
Neural Processing Unit (MediaTek)
(# Cos: 30 | $367M)
MediaTek
(1997, Taiwan)
Kneron
(2015, United States, $100M)
Hailo
(2017, Israel, $88.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hailo (2017, Israel)
$110M - Series C - Jun 2021
Kneron (2015, United States)
$10.0M - Series A - Mar 2021
Kneron (2015, United States)
$7.0M - Series A - May 2021
Innatera (2018, Netherlands)
$5.9M - Seed - Nov 2020
Kneron (2015, United States)
Undisclosed - Series A - Jan 2021

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Optoelectronic Light Emitting Diodes
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$129M(▲471%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$689M
57
18
131
7
Photonics (NeoPhotonics)
(# Cos: 1307 | $10.2B)
Optoelectronics (Inphi)
(# Cos: 667 | $4.0B)
Diode (Kyulux)
(# Cos: 156 | $743M)
Light Emitting Diodes (Cynora)
(# Cos: 131 | $689M)
Cynora
(2008, Germany, $80.0M)
Kyulux
(2015, Japan, $84.4M)
Crystal IS
(1997, United States, $15.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aledia (2011, France)
$94.2M - Series D - Oct 2020
Kyulux (2015, Japan)
$34.3M - Series B - Feb 2021
HGC (2017, China)
Undisclosed - Series A - Jan 2021

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Ethernet Chips
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$100M(▼62.9%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
27
$2.0B
36
3
42
3
Analog and Mixed Signal ICs (Broadcom)
(# Cos: 1181 | $20.5B)
Communication ICs (Qualcomm)
(# Cos: 422 | $8.3B)
Data Interface (Mellanox Technologies)
(# Cos: 52 | $2.2B)
Ethernet (Innovium)
(# Cos: 42 | $2.0B)
Innovium
(2015, United States, $350M)
Mellanox Technologies
(1999, United States, $97.7M)
ClariPhy
(2002, United States, $117M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Xsight Labs (2017, Israel)
$100M - Series D - Dec 2020

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Kandou Bus (2011, Switzerland)
$92.3M - Series C - Nov 2020
Electronic Packaging
18
26
Back to index
Electronic Design Automation Tools (Cadence)
(# Cos: 662 | $3.1B)
IP Cores (VeriSilicon)
(# Cos: 220 | $1.6B)
Packaging (Kandou Bus)
(# Cos: 13 | $229M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$92.3M(▲64.8%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$229M
5
1
13
2
Kandou Bus
(2011, Switzerland, $178M)
Quantum Leap Packaging
(2002, United States, $30.5M)
Si2 Microsystems
(1993, India, $20.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Silicon Photonic Materials
19
27
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$88.1M(▲32.7%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$556M
15
-
22
7
Photonics (Inphi)
(# Cos: 1307 | $10.2B)
Photonic Integrated Circuits (II-VI Incorporated)
(# Cos: 112 | $1.4B)
Material Platforms (RANOVUS)
(# Cos: 55 | $963M)
Silicon Photonics (Rockley
Photonics)
(# Cos: 22 | $556M)
Rockley Photonics
(2013, United States, $290M)
RANOVUS
(2012, Canada, $45.1M)
Aeponyx
(2011, Canada, $17.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rockley Photo.. (2013, United States)
$65.0M - Series F - Jan 2021
SiLC Technolo.. (2018, United States)
$23.1M - Series A - Mar 2021
Aeponyx (2011, Canada)
$7.9M - Series A - Mar 2021

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Optical Interconnects
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$42.7M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$168M
11
2
19
1
Photonics (NeoPhotonics)
(# Cos: 1307 | $10.2B)
Optoelectronics (Lightmatter)
(# Cos: 667 | $4.0B)
Optical Network (MACOM)
(# Cos: 271 | $2.3B)
Active Optical Network (Inphi)
(# Cos: 55 | $931M)
Interconnects (Acacia)
(# Cos: 19 | $168M)
Acacia
(2009, United States, $20.0M)
Ayar Labs
(2015, United States, $61.5M)
Spectra7
(2010, United States, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ayar Labs (2015, United States)
$35.0M - Series B - Nov 2020
Avicena (2019, United States)
$7.7M - Series A - Mar 2021

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
3D Image Sensors
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$41.0M(▲194%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$509M
53
2
92
9
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Imaging (ON Semiconductor)
(# Cos: 239 | $1.3B)
3D Image Sensor (Mantis Vision)
(# Cos: 92 | $509M)
Mantis Vision
(2005, Israel, $83.0M)
PrimeSense
(2005, Israel, $79.4M)
Occipital
(2008, United States, $32.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ISORG (2010, France)
$19.0M - Series C - Jun 2021
Opnous (2014, China)
$15.5M - Series B - May 2021
ThruWave (2017, United States)
$6.4M - Seed - Sep 2020
Shanghai Xinge Intell.. (2017, China)
Undisclosed - Series A - Oct 2020

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Senscomm (2018, China)
$22.9M - Series A - Dec 2020
Triad Semicon.. (2002, United States)
$16.7M - Series C - Nov 2020
Fabless Manufacturers
22
30
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1181 | $20.5B)
Multi-Product Manufacturers (Broadcom)
(# Cos: 84 | $268M)
Fabless Manufacturers (Cirrus Logic)
(# Cos: 33 | $179M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$39.7M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$179M
17
5
33
2
Cirrus Logic
(1984, United States)
Triad Semiconductor
(2002, United States, $41.9M)
PMC-Sierra
(1984, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Floadia (2011, Japan)
$11.5M - Series C - Oct 2020
Antaios (2017, France)
$11.0M - Series B - Sep 2020
Avalanche Tec.. (2006, United States)
$10.0M - Series F - Oct 2020
Intrinsic (2017, United Kingdom)
$1.9M - Seed - Mar 2021
Greenliant (2010, China)
Undisclosed - Seed - Aug 2021
Non-Volatile Memory
23
31
Back to index
Digital ICs (NVIDIA)
(# Cos: 582 | $14.7B)
Memories (SK hynix)
(# Cos: 139 | $3.3B)
Non-Volatile Memory (Micron)
(# Cos: 98 | $3.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$34.3M(▲62%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$3.1B
70
16
98
8
Micron
(1978, United States, $1.3B)
SK hynix
(1983, South Korea)
Nimble Storage
(2007, United States, $98.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
OLED Materials
24
32
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$34.3M(▲1043%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$208M
20
4
28
4
Display Technology (E Ink)
(# Cos: 746 | $10.1B)
Material Provider (Kyulux)
(# Cos: 118 | $965M)
Base Display Materials (QD Vision)
(# Cos: 65 | $517M)
OLED Materials (Cynora)
(# Cos: 28 | $208M)
Cynora
(2008, Germany, $80.0M)
Kyulux
(2015, Japan, $84.4M)
OTI Lumionics
(2011, Canada)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kyulux (2015, Japan)
$34.3M - Series B - Feb 2021

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Detect Technologies (2013, India)
$12.0M - Series B - Jun 2021
MIQroTech (2016, United States)
$10.0M - Series A - Jun 2021
CorrosionRADAR (2017, United Kingdom)
$5.0M - Series A - Feb 2021
QLM (2017, United Kingdom)
$4.3M - Seed - Apr 2021
CorrosionRADAR (2017, United Kingdom)
$1.2M - Seed - Oct 2020
Sensors for Oil & Gas Industry
25
33
Back to index
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Somfy)
(# Cos: 1276 | $1.2B)
Oil & Gas (Silixa)
(# Cos: 71 | $186M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$32.4M(▲267%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$186M
38
-
71
5
Silixa
(2007, United Kingdom, $18.0M)
MineSense
(2008, Canada, $91.1M)
QLM
(2017, United Kingdom, $4.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Pressure Sensors
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$30.4M(▲575%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$77.0M
24
1
128
3
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Pressure & Force (Loadstar Sensors)
(# Cos: 261 | $98.7M)
Pressure Sensor (SMC)
(# Cos: 128 | $77.0M)
SMC
(1959, United States)
BeBop Sensors
(2014, United States, $15.5M)
HP1T
(2016, United Kingdom)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FineMEMS (2011, China)
$30.4M - Series D - Dec 2020
FineMEMS (2011, China)
Undisclosed - Series D - Jun 2021
Wuxi Shengmai Electro.. (2018, China)
Undisclosed - Series A - Feb 2021

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
BIOSEC (2013, China)
$15.3M - Series B - Dec 2020
Cardea Bio (2019, United States)
$7.5M - Series A - Sep 2020
Cardea Bio (2019, United States)
$6.5M - Series A - Jan 2021
Biometrics Sensors
27
35
Back to index
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Biometrics Sensor (IDEX)
(# Cos: 18 | $133M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$29.3M( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$133M
15
1
18
3
IDEX
(1996, Norway)
Cardea Bio
(2019, United States, $21.8M)
Integrated Biometrics
(2002, United States, $5.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Cambridge Ga.. (2017, United Kingdom)
$9.5M - Series A - Feb 2021
Lion Semicond.. (2013, United States)
$9.1M - Series B - Nov 2020
Huinengtai Semiconduc.. (2015, China)
$7.7M - Series A - Apr 2021
Zero-Error Systems (2019, Singapore)
$1.9M - Seed - Oct 2020
Shenzhen Sirius Semic.. (2020, China)
Undisclosed - Series A - Jan 2021
Shaanxi Sub-Adult Mic.. (2007, China)
Undisclosed - Series B - Sep 2020
Power Management ICs
28
36
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1181 | $20.5B)
Power (Transphorm)
(# Cos: 211 | $1.6B)
Power Management ICs (Powervation)
(# Cos: 155 | $843M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$28.1M(▲45.8%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
34
$843M
93
19
155
8
Powervation
(2006, Ireland, $36.5M)
Dialog Semiconductor
(1981, France)
Navitas
(2014, Ireland, $49.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Swift Solar (2017, United States)
$8.2M - Series B - Dec 2020
SunMan (2015, China)
$7.0M - Series B - Nov 2020
Power Roll (2012, United Kingdom)
$4.2M - Series A - Feb 2021
Power Roll (2012, United Kingdom)
$4.0M - Series A - Feb 2021
Power Roll (2012, United Kingdom)
$3.6M - Series A - Sep 2020
AmberWave Sys.. (1998, United States)
$145K - Series E - Feb 2021
Flexible Solar Cell
29
37
Back to index
Flexible Electronics (E Ink)
(# Cos: 248 | $5.9B)
Applications (SunPower)
(# Cos: 97 | $2.8B)
Solar Modules (First Solar)
(# Cos: 87 | $2.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$27.0M(▲2083%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$2.8B
49
5
87
5
First Solar
(1999, United States)
SunPower
(1985, United States, $338M)
Alta Devices
(2008, United States, $72.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
ISORG (2010, France)
$19.0M - Series C - Jun 2021
TacSense (2013, United States)
$4.5M - Series A - Nov 2020
Rotex (2015, United States)
Undisclosed - Seed - Jan 2021
Flexible Sensors
30
38
Back to index
Flexible Electronics (First Solar)
(# Cos: 248 | $5.9B)
Components (E Ink)
(# Cos: 118 | $2.8B)
Flexible Sensors (Sensel)
(# Cos: 30 | $305M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$23.6M(▼47.3%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$305M
18
2
30
7
Sensel
(2013, United States, $38.0M)
MC10
(2008, United States, $115M)
Flexpoint
(1995, United States, $4.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
GMEMS Technol.. (2016, United States)
$15.5M - Series B - May 2021
Vesper MEMS (2009, United States)
$8.0M - Series B - Apr 2021
Sensing Technology (2010, China)
Undisclosed - Seed - Apr 2021
MEMS Microphone Sensors
31
39
Back to index
Micro Electro Mechanical Systems (SiTime)
(# Cos: 424 | $1.6B)
Sensors (InvenSense)
(# Cos: 348 | $802M)
Microphone (Vesper MEMS)
(# Cos: 12 | $168M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$23.5M(▲38.9%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$168M
9
1
12
3
Vesper MEMS
(2009, United States, $53.9M)
USound
(2014, Austria, $42.8M)
GMEMS Technologies
(2016, United States, $29.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Structural Health Monitoring Sensors
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$21.1M(▲112%)
5(▼16.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$75.0M
38
2
100
4
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Echodyne)
(# Cos: 1276 | $1.2B)
Smart Infrastructure (Somfy)
(# Cos: 296 | $176M)
Structural Health (Fos4X)
(# Cos: 100 | $75.0M)
Fos4X
(2010, Germany, $12.5M)
Inductosense
(2015, United Kingdom, $1.7M)
Feelit
(2017, Israel, $13.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Micatu (2011, United States)
$10.0M - Series A - Jan 2021
Safehub (2018, United States)
$9.1M - Series A - Mar 2021
Feelit (2017, Israel)
$7.0M - Series A - Jul 2021
Feelit (2017, Israel)
$5.0M - Series A - Jan 2021
WaveScan Technolo.. (2018, Singapore)
Undisclosed - Seed - Jun 2021

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
QuantalRF (2008, United States)
$19.2M - Series B - Dec 2020
Hangzhou Dixin Techno.. (2018, China)
Undisclosed - Series A - Mar 2021
Cygnusemi (2020, China)
Undisclosed - Seed - Feb 2021
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - Mar 2021
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - Oct 2020
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - Nov 2020
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - May 2021
View all 8 Funding Rounds on Tracxn Platform
RFIC
33
41
Back to index
Analog and Mixed Signal ICs (Broadcom)
(# Cos: 1181 | $20.5B)
Communication ICs (Qualcomm)
(# Cos: 422 | $8.3B)
RFICs (Impinj)
(# Cos: 152 | $1.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$19.2M(▲1235%)
8(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
53
$1.9B
109
18
152
7
Impinj
(2000, United States, $132M)
Qorvo
(2015, United States)
Akoustis
(2014, United States, $14.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
IoTecha (2015, United States)
$17.4M - Series B - Jun 2021
Embedded Automotive
34
42
Back to index
Embedded Systems (Wixsite)
(# Cos: 489 | $2.5B)
Embedded Applications (Particle)
(# Cos: 113 | $555M)
Automotive (Silicon Mobility)
(# Cos: 11 | $30.7M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$17.4M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$30.7M
6
-
11
1
Silicon Mobility
(2015, France, $10.0M)
Vector
(1988, Germany)
IoTecha
(2015, United States, $18.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Therma (2019, United States)
$10.2M - Series B - Mar 2021
Meridian Innovation (2016, China)
$8.0M - Series B - Jul 2021
Sonicu (2008, United States)
$6.5M - Series A - Nov 2020
Eupry (2014, Denmark)
$81.5K - Seed - Dec 2020
Therma (2019, United States)
Undisclosed - Series B - Dec 2020
Thermal Sensors
35
43
Back to index
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Thermal Sensor (Therma)
(# Cos: 335 | $78.1M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$16.8M(▲739%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$78.1M
39
2
335
6
Therma
(2019, United States, $10.2M)
Labfacility
(1971, United Kingdom)
LumaSense
(1958, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Hesai Technology (2013, China)
$300M - Series D - Jun 2021
Aeva (2017, United States)
$200M - Series B - Jan 2021
Luminar Techn.. (2012, United States)
$170M - Series C - Sep 2020
PATEO (2009, China)
$128M - Series B - Aug 2021
Innovusion (2016, United States)
$66.0M - Series B - Aug 2021
Innovusion (2016, United States)
$64.0M - Series B - Feb 2021
Innovusion (2020, United States)
$64.0M - Series B - May 2021
View all 40 Funding Rounds on Tracxn Platform
Positioning and Motion Sensors
36
44
Back to index
Sensors (Ouster)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Luminar
Technologies)
(# Cos: 3037 | $7.9B)
Positioning & Motion (Innoviz)
(# Cos: 480 | $3.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$16.0M(▲19.2%)
40(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$3.9B
141
8
480
39
Innoviz
(2016, Israel, $252M)
Luminar Technologies
(2012, United States, $306M)
Ouster
(2002, United States, $140M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Muchuang (2019, China)
$15.4M - Series A - Aug 2021
Network Processors
37
45
Back to index
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Network Processors (EZChip)
(# Cos: 24 | $422M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$15.4M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$422M
19
2
24
0
EZChip
(1999, Israel, $127M)
Multi Media Network
(1992, United States, $7.2M)
Tarari
(2002, United States, $29.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
In&Motion (2014, France)
$12.0M - Series B - Dec 2020
ShotTracker (2013, United States)
$11.0M - Series B - Jan 2021
ShotTracker (2013, United States)
$2.0M - Series B - Mar 2021
Sensors for Sports Industry
38
46
Back to index
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Somfy)
(# Cos: 1276 | $1.2B)
Sports (Diamond Kinetics)
(# Cos: 52 | $81.7M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$12.0M( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$81.7M
25
-
52
6
Diamond Kinetics
(2012, United States, $5.5M)
In&Motion
(2014, France, $12.0M)
ShotTracker
(2013, United States, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
iDEAL Semicon.. (2017, United States)
$11.8M - Series B - Apr 2021
Low Power Media Processor
39
47
Back to index
Digital ICs (Micron)
(# Cos: 582 | $14.7B)
Microprocessors (NVIDIA)
(# Cos: 320 | $10.1B)
Low Power (Kalray)
(# Cos: 17 | $282M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$11.8M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$282M
12
1
17
2
Kalray
(2008, France, $15.0M)
Transmeta
(1995, United States, $88.0M)
Applied Micro Circuits
(1979, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Aromyx (2013, United States)
$10.0M - Series A - Jul 2021
Allergy Amulet (2016, United States)
$800K - Seed - Mar 2021
Sensors for Food Industry
40
48
Back to index
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Somfy)
(# Cos: 1276 | $1.2B)
Food (Nima)
(# Cos: 49 | $58.7M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$10.8M(▼7%)
2(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$58.7M
22
-
49
4
Nima
(2013, United States, $13.3M)
Allergy Amulet
(2016, United States, $6.8M)
The Wave Talk
(2016, South Korea, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Fiber Optic Sensors
41
49
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$10.0M(▲208%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$34.9M
26
2
57
2
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Echodyne)
(# Cos: 1276 | $1.2B)
Smart Infrastructure (Somfy)
(# Cos: 296 | $176M)
Structural Health (Inductosense)
(# Cos: 100 | $75.0M)
Fiber-optic (Fos4X)
(# Cos: 57 | $34.9M)
Fos4X
(2010, Germany, $12.5M)
Micatu
(2011, United States, $10.0M)
FEBUS OPTICS
(2014, France, $1.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Micatu (2011, United States)
$10.0M - Series A - Jan 2021

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Senorics (2017, Germany)
$9.8M - Series A - May 2021
InstaCrops (2014, Chile)
$2.8M - Series A - Apr 2021
Agranimo (2018, Chile)
$2.4M - Seed - Jun 2021
Spiio (2015, United States)
$1.6M - Seed - Feb 2021
Sensegrass (2017, United States)
$100K - Seed - Jan 2021
RioT Technology (2016, Canada)
Undisclosed - Seed - Apr 2021
Sensegrass (2017, United States)
Undisclosed - Seed - Jan 2021
View all 8 Funding Rounds on Tracxn Platform
Sensors for Agriculture Industry
42
50
Back to index
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Somfy)
(# Cos: 1276 | $1.2B)
Agriculture (Saturas)
(# Cos: 174 | $94.8M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$9.9M(▲198%)
8(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$94.8M
61
2
174
9
Saturas
(2013, Israel, $9.7M)
Sensoterra
(2015, Netherlands, $2.3M)
Teralytic
(2016, United States, $9.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Infinite Uptime (2015, India)
$5.2M - Series B - Dec 2020
Sensolus (2013, Belgium)
$4.1M - Series A - Oct 2020
DarkPulse Tec.. (2009, United States)
$850K - Seed - Apr 2021
MiraEx (2016, Switzerland)
$110K - Seed - Nov 2020
Sensors for Industrial Process
Monitoring
43
51
Back to index
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Somfy)
(# Cos: 1276 | $1.2B)
Industrial Process Monitoring
(Firecomms)
(# Cos: 271 | $97.6M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$9.3M(▲257%)
4(▼42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$97.6M
73
10
271
5
Firecomms
(2000, Ireland, $17.1M)
Infinite Uptime
(2015, India, $11.3M)
Sensolus
(2013, Belgium, $7.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Electronic Manufacturing Services
44
52
Back to index
Electronic Manufacturing Services (Wistron)
(# Cos: 1475 | $152M)
Services (Celestica)
(# Cos: 1475 | $152M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$9.0M(▲534%)
5( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
101
$152M
170
55
1475
0
Celestica
(1994, Canada)
Wistron
(2001, Taiwan)
Cemtrex
(1998, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PRETTL Electronics (2000, Germany)
$9.0M - Series A - Aug 2021
Chongqing Caterpillar.. (2015, China)
Undisclosed - Series A - Apr 2021
Shenzhen Haina Micro .. (2016, China)
Undisclosed - Series A - Dec 2020
Suzhou Insitu Chip Te.. (2015, China)
Undisclosed - Seed - Feb 2021
Suzhou Insitu Chip Te.. (2015, China)
Undisclosed - Series A - Jun 2021

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Optical Molecular Spectroscopy
45
53
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$8.0M( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$93.4M
19
1
33
3
Photonics (Inphi)
(# Cos: 1307 | $10.2B)
Biophotonics (Exo)
(# Cos: 95 | $845M)
Analytics and Sensing (Microsaic
Systems)
(# Cos: 48 | $188M)
Molecular Spectroscopy
(Impedimed)
(# Cos: 33 | $93.4M)
Impedimed
(1999, United States, $3.4M)
Speclipse
(2015, South Korea, $10.6M)
Magritek
(2004, New Zealand)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Speclipse (2015, South Korea)
$8.0M - Series A - Aug 2021
Labby (2017, United States)
$480K - Seed - Nov 2020
Magritek (2004, New Zealand)
Undisclosed - Series B - Mar 2021

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Foundries.io (2017, United Kingdom)
$8.0M - Series A - Jun 2021
Embedded Application Security
Software
46
54
Back to index
Embedded Systems (Wixsite)
(# Cos: 489 | $2.5B)
Embedded Software (Wind River)
(# Cos: 39 | $175M)
Application Security (Mocana)
(# Cos: 6 | $155M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$8.0M(▲129%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$155M
3
-
6
2
Mocana
(2002, United States, $118M)
Centri
(2009, United States, $25.8M)
Foundries.io
(2017, United Kingdom, $11.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Light Field Displays
47
55
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$7.1M(▲62.3%)
5(▼44.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$3.5B
27
2
60
9
Display Technology (Synaptics)
(# Cos: 746 | $10.1B)
Display Manufacturer (E Ink)
(# Cos: 579 | $8.8B)
Specialized Displays (RealD)
(# Cos: 249 | $4.9B)
3D Displays (WaveOptics)
(# Cos: 117 | $3.7B)
Light Field Displays (Magic Leap)
(# Cos: 60 | $3.5B)
Magic Leap
(2011, United States, $3.0B)
WaveOptics
(2014, United Kingdom, $54.9M)
Avegant
(2012, United States, $66.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ostendo (2005, United States)
$19.4M - Series E - Sep 2020
CREAL (2003, Switzerland)
$7.1M - Series A - Nov 2020
Realview Imaging (2008, Israel)
$5.0M - Series C - Aug 2021
IKIN (2017, United States)
$3.4M - Seed - Nov 2020
Xianghang Technology (2018, China)
Undisclosed - Seed - Nov 2020

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Lunewave (2017, United States)
$7.0M - Series A - Nov 2020
Tyrata (2018, United States)
$2.9M - Series A - Oct 2020
Micro-Transmission Te.. (2016, China)
Undisclosed - Series B - Jan 2021
Chu Hang Technology (2018, China)
Undisclosed - Series A - Jul 2021
Sensors for Automotive Industry
48
56
Back to index
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Somfy)
(# Cos: 1276 | $1.2B)
Automotive (Lunewave)
(# Cos: 198 | $204M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$7.0M(▼12.5%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$204M
56
4
198
9
Lunewave
(2017, United States, $10.8M)
Oryx Vision
(2010, Israel, $67.3M)
ROMO Wind
(2011, Switzerland, $6.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
SmartSens (2011, China)
$225M - Series D - Oct 2020
SiLC Technolo.. (2018, United States)
$23.1M - Series A - Mar 2021
ISORG (2010, France)
$19.0M - Series C - Jun 2021
Spectricity (1999, Belgium)
$16.6M - Series B - Aug 2021
Opnous (2014, China)
$15.5M - Series B - May 2021
ThruWave (2017, United States)
$6.4M - Seed - Sep 2020
Zadar Labs (2019, United States)
$5.6M - Seed - Jan 2021
View all 13 Funding Rounds on Tracxn Platform
Image Sensors
49
57
Back to index
Sensors (Luminar Technologies)
(# Cos: 4492 | $9.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 3037 | $7.9B)
Imaging (ON Semiconductor)
(# Cos: 239 | $1.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$5.6M( -- )
13( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
41
$1.3B
119
11
239
22
ON Semiconductor
(1999, United States)
Seek Thermal
(2012, United States, $39.2M)
OmniVision
(1995, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Human Presence Detection Sensors
50
58
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$4.7M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$36.1M
12
-
40
3
Sensors (Innoviz)
(# Cos: 4492 | $9.3B)
Industry Applications (Echodyne)
(# Cos: 1276 | $1.2B)
Smart Infrastructure (Kangaroo)
(# Cos: 296 | $176M)
Building Automation (Somfy)
(# Cos: 161 | $93.9M)
Human Presence Detection
(Scanalytics)
(# Cos: 40 | $36.1M)
Scanalytics
(2012, United States, $3.8M)
Irisys
(1996, United Kingdom, $10.3M)
Novelda
(2004, Norway, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Affluences (2014, France)
$4.7M - Series A - Nov 2020

59. Semiconductors - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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61. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Semiconductors - Top Business Models Report
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