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1. TRACXN TOP BUSINESS MODELS REPORT
April 14, 2022
TECHNOLOGY

2. Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
Technology Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Funding in last 1 year
3
Blockchain Infrastructure $9.9B
AI Infrastructure $8.2B
Professional Service Robots $5.5B
Security & Surveillance
Technology
$3.4B
Internet of Things Infrastructure $3.3B
Wearable Technology $3.2B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
GBV Capital
NGC
35
14
13
Early
Stage
Tiger Global Management
Coinbase
Insight Partners
25
18
15
Late
Stage
Tiger Global Management
SoftBank Vision Fund
Insight Partners
25
25
19
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (54%)
China (14%)
Israel (8%)
United Kingdom (5%)
Canada (2%)
Switzerland (2%)
India (2%)
Others (13%)
$ Funding # Rounds
Horizon Robotics
(2015, China)
$1.5B - Series C
Forte
(2018, United States)
$725M - Series B
Relativity Space
(2015, United States)
$650M - Series E
Nuro
(2016, United States)
$600M - Series D
CMR Surgical
(2014, United Kingdom)
$600M - Series D
Fireblocks
(2018, United States)
$550M - Series E
Transmit Security
(2014, United States)
$543M - Series A
Dreame
(2020, China)
$536M - Series C
Magic Leap
(2011, United States)
$500M - Series G
Anduril
(2017, United States)
$450M - Series D
ConsenSys
(2014, United States)
$450M - Series D
PsiQuantum
(2016, United States)
$450M - Series D

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲19 Dapp Development Platforms $1.9B 38 Forte | $725M | Series B Link
2▲23 Blockchain Security $1.4B 30 Fireblocks | $550M | Series E Link
3▲43 Blockchain Networks $1.4B 125 SCRT Labs | $400M | Series D Link
4▲1 Warehouse Automation Robots $1.3B 40 Exotec | $335M | Series D Link
5▲4 Surgical Robots $1.2B 22 CMR Surgical | $600M | Series D Link
6▲8 Facial Biometric Systems $909M 10 AnyVision | $235M | Series C Link
7▲11 IoT Security for Devices $703M 21 Armis Security | $300M | Series D Link
8▼6 Machine Learning Platforms $681M 25 DataRobot | $300M | Series G Link
9▲4 Military Drones $660M 3 Anduril | $450M | Series D Link
10▲5 Data Science Platforms $616M 14 Dataiku | $400M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲116 IoT Security for Networks $598M 6 Claroty | $400M | Series E Link
12▲141 Multi modal Biometrics $577M 7 Transmit Secu.. | $543M | Series A Link
13▲8 Satellite Imaging $571M 14 Satellogic | $150M | Series D Link
14▲43 Blockchain in Financial Services $555M 56 2TM | $200M | Series B Link
15▲152 Vacuum Cleaning Robots $536M 2 Dreame | $536M | Series C Link
16▲110 Smart Home Suite $523M 10 Orvibo | $157M | Series D Link
17▲9 Customer Engagement using Voice Recognition $492M 6 Uniphore | $400M | Series E Link
18▲9 Speech to Text Solutions $482M 8 Verbit | $250M | Series E Link
19▼7 Professional Service Robots $468M 27 Keenon Robotics | $200M | Series D Link
20▲74 Mixed Reality Glasses $465M 9 Rokid | $160M | 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 © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲166 Construction 3D Printers $406M 5 ICON | $207M | Series B Link
22▲177 Sustainable Fabrics $354M 12 Spiber | $313M | Series E Link
23▼4 Blockchain Compliance and Risk Management $337M 15 Chainalysis | $100M | Series E Link
24▲108 Cryptocurrency Mining Hardware $330M 8 Helium | $200M | Series D Link
25▼2 Conversation AI Platforms $315M 6 Gupshup | $240M | Series F Link
26▲4 IoT Platforms $307M 10 DEEPEXI | $100M | Series B Link
27-- Robot Vision System $287M 10 Robotic Resea.. | $228M | Series A Link
28▼11 Nano Based DNA Sequencing $272M 2 Nanopore | $271M | Series H Link
29▼13 Voice Analytics $267M 3 Gong | $250M | Series E Link
30▲19 Counter Drone Systems $266M 4 Epirus | $200M | 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 © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲7 IoT Communication Modules $265M 9 Eigencomm | $157M | Series C Link
32▲109 Laboratory Robotics $250M 3 OpenTrons | $200M | Series C Link
33▲59 Recruitment Chatbots $244M 4 Paradox | $200M | Series C Link
34▲25 Robotic Programming Software $236M 9 Wandelbots | $84.0M | Series C Link
35▼2 Smart Energy Management $227M 9 Turntide | $225M | Series D Link
36-- Invasive Brain-Computer Interfaces $225M 2 Neuralink | $205M | Series C Link
37▲60 IoT Connectivity Management Platform $221M 5 Hologram | $67.0M | Series B Link
38▲66 Smart Locks $216M 9 Level | $100M | Series C Link
39▼8 Surveillance Drones $210M 2 Shield AI | $210M | Series D Link
40▲70 Robot Waiters $209M 5 Bear Robotics | $81.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- VR Virtual World $203M 8 XRSPACE | $100M | Series C Link
42▲14 Digital Twin Modelling Software $201M 5 Cognite | $150M | Series B Link
43▲16 GIS in Transportation $196M 7 HawkEye 360 | $150M | Series D Link
44-- Nano Based Vaccine Delivery $193M 2 Siwei Biotech.. | $188M | Series B Link
45▼39 Nanoencapsulation $188M 5 Sirnaomics | $105M | Series E Link
46▼10 Commercial Cleaning Robots $188M 9 Gaoxian Robot.. | $188M | Series C Link
47▲109 Nerve Monitoring Wearable $175M 9 Cala Health | $77.0M | Series D Link
48▲112 Unmanned Ground Vehicles $171M 5 Pudu Robotics | $78.0M | Series C Link
49▲26 Smart Contracts $170M 17 Offchain Labs | $100M | Series B Link
50-- Bioplastics From Waste $170M 5 Solugen | $357M | 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 © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Dapp Development Platforms
01
9
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2561 | $15.3B)
Application Development Platforms
(ConsenSys)
(# Cos: 515 | $3.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.9B (▲821%)
38(▲65.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$3.7B
191
1
515
32
ConsenSys
(2014, United States, $725M)
R3
(2013, United States, $112M)
Forte
(2018, United States, $910M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Forte (2018, United States)
$725M - Series B - Nov 2021
$185M - Series A - May 2021
ConsenSys (2014, United States)
$450M - Series D - Mar 2022
$200M - Series C - Nov 2021
Alchemy (2020, United States)
$200M - Series C - Feb 2022
$250M - Series C - Oct 2021
Aleo (2019, United States)
$200M - Series B - Feb 2022
View all 38 Funding Rounds on Tracxn Platform

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Fireblocks (2018, United States)
$550M - Series E - Jan 2022
$310M - Series D - Jul 2021
Secret Network (2020, United States)
$400M - Series C - Jan 2022
Chainalysis (2014, United States)
$100M - Series E - Jun 2021
TRM (2018, United States)
$60.0M - Series B - Dec 2021
Elliptic (2014, United Kingdom)
$60.0M - Series C - Oct 2021
Hexlant (2018, South Korea)
$52.8M - Series A - Mar 2022
View all 30 Funding Rounds on Tracxn Platform
Blockchain Security
02
10
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2561 | $15.3B)
Enablers (Simplex)
(# Cos: 346 | $2.6B)
Security (Chainalysis)
(# Cos: 149 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.4B (▲670%)
30(▲114%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$2.4B
63
1
149
19
Chainalysis
(2014, United States, $367M)
Simplex
(2014, Israel, $19.0M)
Fireblocks
(2018, United States, $1.0B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Networks
03
11
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2561 | $15.3B)
Blockchain Network (Terra)
(# Cos: 807 | $4.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.4B (▲1245%)
125(▲119%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$4.5B
406
5
807
70
Terra
(2018, South Korea, $125M)
Algorand
(2017, United States, $66.0M)
NEAR
(2018, Switzerland, $534M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SCRT Labs (2021, United States)
$400M - Series D - Jan 2022
NEAR (2018, Switzerland)
$350M - Series D - Apr 2022
$150M - Series C - Jan 2022
Solana (2017, United States)
$314M - Series C - Jun 2021
2TM (2013, Brazil)
$200M - Series B - Jul 2021
Fetch.ai (2017, United Kingdom)
$150M - Series A - Mar 2022
5ire (2021, United Kingdom)
$100M - Series A - Feb 2022
View all 125 Funding Rounds on Tracxn Platform

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Exotec (2015, France)
$335M - Series D - Jan 2022
Fabric (2015, Israel)
$200M - Series C - Oct 2021
Dexterity (2017, United States)
$140M - Series B - Oct 2021
Vecna Robotics (1998, United States)
$75.0M - Series C - Jan 2022
RightHand Rob.. (2014, United States)
$66.0M - Series C - Feb 2022
Vecna (1999, United States)
$65.0M - Series C - Jan 2022
Whale warehouse (2012, China)
$50.0M - Series B - Nov 2021
View all 40 Funding Rounds on Tracxn Platform
Warehouse Automation Robots
04
12
Back to index
Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Logistics (Third Wave Automation)
(# Cos: 474 | $4.3B)
Warehouse Automation (GreyOrange)
(# Cos: 421 | $4.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.3B (▲58.7%)
40(▼2.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
32
$4.0B
153
8
421
40
GreyOrange
(2011, India, $301M)
Third Wave Automation
(2018, United States, $55.0M)
Kindred
(2014, United States, $44.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
CMR Surgical (2014, United Kingdom)
$600M - Series D - Jun 2021
Edge Medical Robotics (2017, China)
$200M - Series C - Nov 2021
Distalmotion (2012, Switzerland)
$90.0M - Series E - Jan 2022
PROCEPT BioRo.. (2009, United States)
$85.0M - Series G - Jun 2021
ColubrisMX (2017, United States)
$76.1M - Series C - Jun 2021
$69.0M - Series B - May 2021
Virtual Incis.. (2006, United States)
$46.0M - Series C - Nov 2021
View all 22 Funding Rounds on Tracxn Platform
Surgical Robots
05
13
Back to index
Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Healthcare (OpenTrons)
(# Cos: 344 | $5.4B)
Surgery (Intuitive)
(# Cos: 181 | $4.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.2B (▲126%)
22(▲10%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
21
$4.7B
114
13
181
27
Intuitive
(1995, United States, $47.0M)
Corindus Vascular Robo..
(2001, United States, $21.9M)
CMR Surgical
(2014, United Kingdom, $1.0B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Facial Biometric Systems
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$909M (▲175%)
10(▼44.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$1.9B
110
2
275
21
Security & Surveillance Technology (ADT)
(# Cos: 8561 | $16.2B)
PIAM (Openpath)
(# Cos: 1689 | $5.0B)
Biometrics System (Clear)
(# Cos: 702 | $3.2B)
Facial Biometrics (Affectiva)
(# Cos: 275 | $1.9B)
Affectiva
(2009, United States, $59.7M)
HyperVerge
(2014, India, $1.0M)
Authenteq
(2015, Iceland, $6.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AnyVision (2015, Israel)
$235M - Series C - Jul 2021
Black Sesame Technolo.. (2016, China)
$231M - Series C - Apr 2021
Incode (2015, United States)
$220M - Series B - Dec 2021
Unico (2007, Brazil)
$121M - Series C - Aug 2021
iProov (2011, United Kingdom)
$70.0M - Series B - Jan 2022
Paravision (2013, United States)
$23.0M - Series B - May 2021
Smile Identity (2017, United States)
$7.0M - Series A - Jul 2021
View all 10 Funding Rounds on Tracxn Platform

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Armis Security (2015, United States)
$300M - Series D - Nov 2021
Keyfactor (2001, United States)
$125M - Series D - Apr 2021
Upstream Security (2017, Israel)
$62.0M - Series C - Aug 2021
$36.0M - Series C - May 2021
Finite State (2017, United States)
$30.0M - Series B - Aug 2021
Sternum (2018, Israel)
$27.0M - Series B - Sep 2021
Wood Chain Technology (2017, China)
$15.5M - Series B - May 2021
View all 21 Funding Rounds on Tracxn Platform
IoT Security for Devices
07
15
Back to index
Internet of Things Infrastructure (eero)
(# Cos: 4740 | $23.9B)
IoT Security (Upstream Security)
(# Cos: 377 | $3.2B)
Device Security (Armis Security)
(# Cos: 207 | $1.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$703M (▲213%)
21(▲31.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$1.9B
117
1
207
37
Armis Security
(2015, United States, $600M)
Upstream Security
(2017, Israel, $139M)
Keyfactor
(2001, United States, $218M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
DataRobot (2012, United States)
$300M - Series G - Jun 2021
VIAN SYSTEMS (2019, United States)
$140M - Series B - Jun 2021
Weights & Bia.. (2017, United States)
$135M - Series C - Oct 2021
H2O.ai (2012, United States)
$100M - Series E - Nov 2021
InstaDeep (2015, United Kingdom)
$100M - Series B - Jan 2022
Abacus.AI (2019, United States)
$50.0M - Series C - Oct 2021
RealAI (2018, China)
$46.9M - Series A - Oct 2021
View all 25 Funding Rounds on Tracxn Platform
Machine Learning Platforms
08
16
Back to index
AI Infrastructure (Gupshup)
(# Cos: 2476 | $32.9B)
Machine Intelligence Systems (Sisense)
(# Cos: 618 | $7.1B)
Machine Learning Platforms (DataRobot)
(# Cos: 245 | $3.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$681M (▼44.7%)
25( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$3.8B
102
-
245
29
DataRobot
(2012, United States, $1.1B)
Tecton
(2019, United States, $60.0M)
Weights & Biases
(2017, United States, $200M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Military Drones
09
17
Back to index
Drones (Northrop Grumman)
(# Cos: 3912 | $8.5B)
Military Drones (Anduril)
(# Cos: 220 | $1.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$660M (▲90.7%)
3(▼62.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$1.4B
58
5
220
3
Anduril
(2017, United States, $777M)
Northrop Grumman
(1939, United States)
Shield AI
(2015, United States, $399M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Anduril (2017, United States)
$450M - Series D - Jun 2021
Shield AI (2015, United States)
$210M - Series D - Aug 2021
Yates Electro.. (2012, United States)
$131K - Seed - Apr 2022

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Dataiku (2013, United States)
$400M - Series E - Aug 2021
SingleStore (2011, United States)
$80.0M - Series F - Sep 2021
Explorium (2017, Israel)
$75.0M - Series C - May 2021
Rasgo (2020, United States)
$20.0M - Series A - Apr 2021
Iterative.ai (2018, United States)
$20.0M - Series A - Jun 2021
Neptune (2016, United States)
$8.0M - Series A - Apr 2022
Logical Clocks (2013, Sweden)
$5.9M - Series A - Jul 2021
View all 14 Funding Rounds on Tracxn Platform
Data Science Platforms
10
18
Back to index
AI Infrastructure (Gupshup)
(# Cos: 2476 | $32.9B)
Machine Intelligence Systems (Veritone)
(# Cos: 618 | $7.1B)
Data Science Platforms (Sisense)
(# Cos: 95 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$616M (▲92.3%)
14(▲27.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$2.4B
54
1
95
19
Sisense
(2004, United States, $276M)
C3.ai
(2009, United States, $410M)
Dataiku
(2013, United States, $647M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Claroty (2014, United States)
$400M - Series E - Dec 2021
$140M - Series D - Jun 2021
Xage Security (2016, United States)
$30.0M - Series B - Jan 2022
Veego (2018, Israel)
$13.0M - Series A - Aug 2021
OneLayer (2021, Israel)
$8.2M - Seed - Mar 2022
NetRise (2020, United States)
$6.8M - Seed - Nov 2021
IoT Security for Networks
11
19
Back to index
Internet of Things Infrastructure (eero)
(# Cos: 4740 | $23.9B)
IoT Security (Armis Security)
(# Cos: 377 | $3.2B)
Network Security (Minim)
(# Cos: 112 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$598M (▲2188%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$1.2B
56
1
112
8
Minim
(2017, United States, $2.5M)
Claroty
(2014, United States, $635M)
Xage Security
(2016, United States, $54.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Multi modal Biometrics
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$577M (▲3352%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$688M
40
6
132
4
Security & Surveillance Technology (ADT)
(# Cos: 8561 | $16.2B)
PIAM (Openpath)
(# Cos: 1689 | $5.0B)
Biometrics System (Clear)
(# Cos: 702 | $3.2B)
Multi-modal Biometrics (Sensory)
(# Cos: 132 | $688M)
Sensory
(1994, United States)
Transmit Security
(2014, United States, $543M)
Keyless
(2019, United Kingdom, $12.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Transmit Secu.. (2014, United States)
$543M - Series A - Jun 2021
Tech5 (2018, Switzerland)
$10.0M - Series A - Apr 2022
$8.0M - Series A - May 2021
Q5id (2018, United States)
$10.0M - Series B - Oct 2021
Keyless (2019, United Kingdom)
$3.0M - Seed - Apr 2021
ImageWare (1987, United States)
$2.5M - Seed - Jan 2022
Galaxy Water Drop Tec.. (2016, China)
Undisclosed - Series B - Nov 2021

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Satellogic (2010, Argentina)
$150M - Series D - Jan 2022
ICEYE (2014, Finland)
$136M - Series D - Feb 2022
$25.0M - Series C - Dec 2021
Synspective (2018, Japan)
$100M - Series B - Mar 2022
Aerospacelab (2016, Belgium)
$45.4M - Series B - Feb 2022
GHGSat (2011, Canada)
$45.0M - Series B - Jul 2021
Pixxel (2019, India)
$25.0M - Series A - Mar 2022
View all 14 Funding Rounds on Tracxn Platform
Satellite Imaging
13
21
Back to index
Geographic Information Systems (MapmyIndia)
(# Cos: 4379 | $10.5B)
Imaging Solutions (Capella Space)
(# Cos: 268 | $2.6B)
Satellite based (Planet)
(# Cos: 118 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$571M (▲181%)
14(▲27.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$2.4B
53
3
118
15
Planet
(2010, United States, $388M)
Capella Space
(2016, United States, $77.0M)
ICEYE
(2014, Finland, $304M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
2TM (2013, Brazil)
$50.3M - Series B - Nov 2021
$200M - Series B - Jul 2021
Qredo (2012, United Kingdom)
$80.0M - Series A - Feb 2022
Lightning Labs (2016, United States)
$70.0M - Series B - Apr 2022
Aligned (2020, Argentina)
$34.0M - Series C - Feb 2022
Anoma Foundation (2020, Switzerland)
$26.0M - Series B - Nov 2021
Anoma (2020, Switzerland)
$26.0M - Series B - Nov 2021
View all 56 Funding Rounds on Tracxn Platform
Blockchain in Financial Services
14
22
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2561 | $15.3B)
Blockchain Network (Algorand)
(# Cos: 807 | $4.5B)
Finance (Terra)
(# Cos: 282 | $1.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$555M (▲618%)
56(▲115%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.6B
149
3
282
35
Terra
(2018, South Korea, $125M)
Algorand
(2017, United States, $66.0M)
Celo
(2011, United States, $65.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Vacuum Cleaning Robots
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$536M (▲3571%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$664M
15
2
176
3
Consumer Robotics (Wonder Workshop)
(# Cos: 1548 | $5.4B)
Domestic Tasks (Rotimatic)
(# Cos: 362 | $1.2B)
Cleaning (Neato Robotics)
(# Cos: 234 | $686M)
Vacuum Cleaning (iRobot)
(# Cos: 176 | $664M)
iRobot
(1990, United States, $13.0M)
Neato Robotics
(2005, United States, $48.6M)
Trifo
(2016, United States, $35.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dreame (2020, China)
$536M - Series C - Oct 2021
Trifo (2016, United States)
Undisclosed - Series C - Sep 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Smart Home Suite
16
24
Back to index
Smart Homes (Peloton)
(# Cos: 4327 | $9.7B)
Smart Home Suite (ADT)
(# Cos: 745 | $1.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$523M (▲1868%)
10( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$1.4B
92
10
745
15
ADT
(1874, United States, $24.1M)
Alarm.com
(2000, United States, $137M)
Vivint
(1999, United States, $172M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Orvibo (2011, China)
$157M - Series D - Jan 2022
Aqara (2014, China)
$157M - Series B - Oct 2021
Wyze (1998, United States)
$110M - Series B - Jul 2021
Shenzhen Wanjiaan IOT.. (2003, China)
$52.9M - Series C - Jun 2021
iApartments (1999, United States)
$19.2M - Series B - Oct 2021
RemoteLock (2004, United States)
$14.8M - Series B - Dec 2021
Wuhan Linptech (2009, China)
$7.7M - Series B - Jul 2021
View all 10 Funding Rounds on Tracxn Platform

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Uniphore (2008, United States)
$400M - Series E - Feb 2022
Cognigy (2016, Germany)
$15.0M - Series B - Feb 2022
$44.0M - Series B - Jun 2021
Skit (2016, India)
$25.0M - Series B - May 2021
Whiz (2017, United States)
$8.0M - Series A - Dec 2021
Vozy (2016, United States)
Undisclosed - Seed - Jan 2022
Customer Engagement using Voice
Recognition
17
25
Back to index
Speech and Voice Recognition (Babbel)
(# Cos: 814 | $7.2B)
Applications (Five9)
(# Cos: 569 | $5.7B)
Customer Engagement (Uniphore)
(# Cos: 50 | $1.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$492M (▲171%)
6(▼53.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.0B
33
1
50
12
Uniphore
(2008, United States, $645M)
Interactions
(2004, United States, $167M)
Skit
(2016, India, $30.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Verbit (2017, United States)
$250M - Series E - Nov 2021
$157M - Series D - Jun 2021
AssemblyAI (2017, United States)
$28.0M - Series A - Mar 2022
RealWear (2016, United States)
$20.0M - Series B - Feb 2022
Deepgram (2015, United States)
$17.4M - Series B - Oct 2021
AmberScript (2017, Netherlands)
$10.0M - Series A - Nov 2021
Blue Pulse (2018, China)
Undisclosed - Angel - Mar 2022
View all 8 Funding Rounds on Tracxn Platform
Speech to Text Solutions
18
26
Back to index
Speech and Voice Recognition (Babbel)
(# Cos: 814 | $7.2B)
Applications (Five9)
(# Cos: 569 | $5.7B)
Speech to Text (Verbit)
(# Cos: 87 | $1.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$482M (▲168%)
8( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.6B
33
-
87
12
Verbit
(2017, United States, $550M)
Otter.ai
(2016, United States, $70.0M)
Speechmatics
(2009, United Kingdom, $28.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Professional Service Robots
19
27
Back to index
Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Multi Utility (Sarcos)
(# Cos: 367 | $3.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$468M (▲33%)
27(▼15.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$3.7B
130
3
367
31
Sarcos
(2015, United States, $85.7M)
UBTECH
(2012, China, $1.3B)
Clearpath Robotics
(2009, Canada, $81.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Keenon Robotics (2010, China)
$200M - Series D - Sep 2021
Pudu Robotics (2016, China)
$77.0M - Series C - Sep 2021
$78.0M - Series C - May 2021
FJ Dynamics (2017, China)
$70.0M - Series B - Nov 2021
MegaRobo (2016, China)
$65.0M - Series B - May 2021
Blue Ocean Robotics (2013, Denmark)
$51.0M - Series B - Jan 2022
PlusOne Robot.. (2015, United States)
$34.5M - Series B - Apr 2021
View all 27 Funding Rounds on Tracxn Platform

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Mixed Reality Glasses
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$465M (▲1034%)
9(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$816M
6
-
13
6
Augmented Reality (Scapic)
(# Cos: 4121 | $9.6B)
Display Devices (Looking Glass Factory)
(# Cos: 257 | $6.1B)
Screen-based (Varjo)
(# Cos: 150 | $5.6B)
Smart Glasses (Magic Leap)
(# Cos: 92 | $5.1B)
Mixed Reality (RealWear)
(# Cos: 13 | $816M)
RealWear
(2016, United States, $123M)
Nreal
(2017, China, $231M)
Rokid
(2014, United States, $283M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rokid (2014, United States)
$110M - Series C - Mar 2022
$160M - Series C - Mar 2022
Nreal (2017, China)
$60.0M - Series C - Mar 2022
$100M - Series C - Sep 2021
RealWear (2016, United States)
$20.0M - Series B - Feb 2022
IrisVision (2013, United States)
$11.7M - Series B - Mar 2022
AjnaLens (2014, India)
$1.6M - Seed - Jul 2021
View all 9 Funding Rounds on Tracxn Platform

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Construction 3D Printers
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$406M (▲3934%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$475M
15
-
54
3
3D Printing (Xometry)
(# Cos: 4125 | $9.3B)
Hardware (Stratasys)
(# Cos: 1974 | $4.3B)
3D Printers (Desktop Metal)
(# Cos: 1293 | $3.7B)
Industrial Grade (TRUMPF)
(# Cos: 372 | $2.6B)
Industry Based (Nano Dimension)
(# Cos: 234 | $869M)
Construction (ICON)
(# Cos: 54 | $475M)
ICON
(2018, United States, $451M)
Ethereal Machines
(2014, India, $10.8M)
Apis Cor
(2014, United States, $6.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ICON (2018, United States)
$185M - Series B - Feb 2022
$207M - Series B - Aug 2021
Ethereal Machines (2014, India)
$9.8M - Seed - Dec 2021
Black Buffalo (2021, United States)
$3.5M - Series A - Mar 2022
Tvasta (2016, India)
$968K - Seed - Aug 2021

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Spiber (2007, Japan)
$313M - Series E - Sep 2021
Modern Meadow (2011, United States)
$130M - Series C - Apr 2021
MycoWorks (2013, United States)
$126M - Series C - Jan 2022
Ambercycle (2013, United States)
$21.6M - Series A - Jan 2022
Evrnu (2014, United States)
$15.0M - Series B - Oct 2021
VitroLabs (2016, United Kingdom)
$7.0M - Series A - Sep 2021
GTT (2011, United States)
$3.5M - Series B - Jun 2021
View all 12 Funding Rounds on Tracxn Platform
Sustainable Fabrics
22
30
Back to index
Advanced Materials (Menlo Micro)
(# Cos: 1425 | $10.2B)
Textile (MycoWorks)
(# Cos: 192 | $1.3B)
Sustainable Fabrics (Bolt Threads)
(# Cos: 89 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$354M (▲3819%)
12(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.1B
48
2
89
7
Bolt Threads
(2009, United States, $214M)
MycoWorks
(2013, United States, $188M)
HeiQ
(2005, Switzerland)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Compliance and Risk
Management
23
31
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$337M (▲55.2%)
15(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$704M
28
-
58
8
Blockchain Infrastructure (ConsenSys)
(# Cos: 2561 | $15.3B)
Enablers (Fireblocks)
(# Cos: 346 | $2.6B)
Security (Simplex)
(# Cos: 149 | $2.4B)
Compliance and Risk
Management (Chainalysis)
(# Cos: 58 | $704M)
Chainalysis
(2014, United States, $367M)
Simplex
(2014, Israel, $19.0M)
Elliptic
(2014, United Kingdom, $104M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Chainalysis (2014, United States)
$100M - Series E - Jun 2021
TRM (2018, United States)
$60.0M - Series B - Dec 2021
Elliptic (2014, United Kingdom)
$60.0M - Series C - Oct 2021
Solidus Labs (2017, United States)
$15.0M - Series A - Nov 2021
$20.0M - Series A - May 2021
XREX (2018, Taiwan)
$17.0M - Seed - Aug 2021
Cozy Finance (2020, United States)
$15.1M - Series A - May 2021
View all 15 Funding Rounds on Tracxn Platform

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Helium (2006, United States)
$200M - Series D - Feb 2022
$111M - Series D - Aug 2021
ePIC Blockchain (2017, Canada)
$7.5M - Series A - Apr 2021
Gryphon Digit.. (2020, United States)
$6.7M - Series A - Jun 2021
CCM (2021, United States)
$2.5M - Seed - Jun 2021
Arthur Mining (2019, United States)
$2.0M - Seed - Sep 2021
Navier (2018, United States)
$1.8M - Seed - Mar 2022
View all 8 Funding Rounds on Tracxn Platform
Cryptocurrency Mining Hardware
24
32
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2561 | $15.3B)
Mining (Helium)
(# Cos: 343 | $1.9B)
Hardware (Bitmain)
(# Cos: 228 | $1.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$330M (▲1228%)
8(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.7B
41
10
228
10
Bitmain
(2013, China, $950M)
Helium
(2006, United States, $370M)
Bitfury
(2012, United States, $181M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Gupshup (2004, India)
$240M - Series F - Jul 2021
Cognigy (2016, Germany)
$15.0M - Series B - Feb 2022
$44.0M - Series B - Jun 2021
Zaion (2017, France)
$11.0M - Series A - May 2021
E42 (2012, India)
$5.4M - Series A - Oct 2021
Kama DEI (2014, Canada)
Undisclosed - Seed - Jul 2021
Conversation AI Platforms
25
33
Back to index
AI Infrastructure (Scale)
(# Cos: 2476 | $32.9B)
Natural Language Processing (Otter.ai)
(# Cos: 555 | $4.9B)
Conversational AI (Gupshup)
(# Cos: 153 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$315M (▲67.1%)
6(▼45.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$1.2B
66
1
153
16
Gupshup
(2004, India, $390M)
Hugging Face
(2016, France, $64.9M)
Rasa
(2016, Germany, $41.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
DEEPEXI (2018, China)
$100M - Series B - Aug 2021
Terminus (2015, China)
$93.0M - Series D - Sep 2021
Afero (2014, United States)
$52.9M - Series C - Dec 2021
Particle (2012, United States)
$30.0M - Series C - Nov 2021
Ayla Networks (2010, United States)
$20.0M - Series D - Dec 2021
Thing-It (2015, United States)
$8.5M - Series B - Dec 2021
Prescient Dev.. (2018, United States)
$2.0M - Seed - Apr 2021
View all 10 Funding Rounds on Tracxn Platform
IoT Platforms
26
34
Back to index
Internet of Things Infrastructure (Armis Security)
(# Cos: 4740 | $23.9B)
IoT Platforms (Cradlepoint)
(# Cos: 1918 | $5.9B)
End to End Platforms (Ayla Networks)
(# Cos: 394 | $1.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$307M (▲86.8%)
10(▲11.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$1.9B
101
7
394
18
Ayla Networks
(2010, United States, $144M)
Actility
(2010, France, $104M)
Prodea
(2006, United States, $156M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Robot Vision System
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$287M ( -- )
10( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$327M
39
1
62
10
Industrial Robotics (Neurala)
(# Cos: 1166 | $4.9B)
Tech Enablers (Vicarious)
(# Cos: 542 | $2.7B)
Hardware (Ouster)
(# Cos: 250 | $1.1B)
Robot Vision System (Robotic
Research)
(# Cos: 62 | $327M)
Robotic Research
(2002, United States, $228M)
Photoneo
(2013, Slovakia, $23.4M)
Vaarst
(2015, United Kingdom, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Robotic Resea.. (2002, United States)
$228M - Series A - Dec 2021
Photoneo (2013, Slovakia)
$21.0M - Series B - Dec 2021
Vaarst (2015, United Kingdom)
$20.0M - Series B - Apr 2022
CMES (2014, South Korea)
$8.2M - Series A - Mar 2022
CynLr (2015, India)
$4.5M - Seed - Apr 2022
InBolt (2018, France)
$3.3M - Seed - Mar 2022
Guangzhou Smart Intel.. (2017, China)
$1.6M - Seed - Mar 2022
View all 10 Funding Rounds on Tracxn Platform

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Nano Based DNA Sequencing
28
36
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$272M (▲13.4%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$2.8B
29
5
40
4
Nanotechnology (PacBio)
(# Cos: 2850 | $16.0B)
Nanotools (Alnylam)
(# Cos: 436 | $4.4B)
Genomics (Illumina)
(# Cos: 101 | $3.8B)
DNA Sequencing (Nanopore)
(# Cos: 40 | $2.8B)
Nanopore
(2005, United Kingdom, $1.3B)
Illumina
(1998, United States, $28.0M)
PacBio
(2004, United States, $342M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanopore (2005, United Kingdom)
$271M - Series H - May 2021
Molecular Loop (2018, United States)
$1.8M - Seed - Jan 2022

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Gong (2015, United States)
$250M - Series E - Jun 2021
Tethr (2012, United States)
$15.0M - Series B - Dec 2021
Pickle (2020, United States)
$2.4M - Seed - Jan 2022
Voice Analytics
29
37
Back to index
Speech and Voice Recognition (Gong)
(# Cos: 814 | $7.2B)
Applications (Babbel)
(# Cos: 569 | $5.7B)
Voice Analytics (Five9)
(# Cos: 40 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$267M (▲3%)
3(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.1B
27
1
40
7
Five9
(2001, United States, $84.1M)
Gong
(2015, United States, $584M)
Chorus.ai
(2015, United States, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Counter Drone Systems
30
38
Back to index
Drones (Anduril)
(# Cos: 3912 | $8.5B)
Counter Drone Systems (Dedrone)
(# Cos: 129 | $666M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$266M (▲166%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$666M
38
2
129
11
Dedrone
(2014, United States, $97.9M)
Epirus
(2018, United States, $289M)
Fortem Technologies
(2016, United States, $51.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Epirus (2018, United States)
$200M - Series C - Feb 2022
Dedrone (2014, United States)
$30.5M - Series C - Dec 2021
SkySafe (2015, United States)
$30.0M - Series B - Dec 2021
WhiteFox Defe.. (2012, United States)
$5.3M - Series A - Jun 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Eigencomm (2017, China)
$157M - Series C - Jan 2022
Atmosic (2016, United States)
$72.0M - Series C - Jan 2022
Shanghai Giant Micro .. (2014, China)
$20.4M - Series A - Dec 2021
MLINK (2013, China)
$15.5M - Series B - Aug 2021
Nanjing Chuangxin Hui.. (2019, China)
Undisclosed - Series C - Jan 2022
Undisclosed - Series C - Dec 2021
Cygnusemi (2020, China)
Undisclosed - Series A - Feb 2022
View all 9 Funding Rounds on Tracxn Platform
IoT Communication Modules
31
39
Back to index
Internet of Things Infrastructure (Armis Security)
(# Cos: 4740 | $23.9B)
IoT Chips (Sierra Wireless)
(# Cos: 331 | $4.8B)
Communication Modules (Qorvo)
(# Cos: 168 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$265M (▲101%)
9(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
27
$1.2B
86
13
168
8
Qorvo
(2015, United States)
Sierra Wireless
(1993, Canada)
Gainspan
(2006, United States, $86.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
OpenTrons (2014, United States)
$200M - Series C - Sep 2021
Automata (2015, United Kingdom)
$50.0M - Series B - Feb 2022
Flow Robotics (2015, Denmark)
$2.5M - Seed - May 2021
Laboratory Robotics
32
40
Back to index
Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Healthcare (Intuitive)
(# Cos: 344 | $5.4B)
Laboratory Automation (OpenTrons)
(# Cos: 28 | $387M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$250M (▲1114%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$387M
15
-
28
4
OpenTrons
(2014, United States, $241M)
Andrew Alliance
(2011, Switzerland, $14.0M)
Automata
(2015, United Kingdom, $66.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Recruitment Chatbots
33
41
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$244M (▲475%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$417M
19
-
61
6
Chatbots (Gupshup)
(# Cos: 4671 | $8.1B)
Industry Specific (Drift)
(# Cos: 1432 | $2.4B)
Human Resources (Leena AI)
(# Cos: 173 | $501M)
Candidate Engagement (Paradox)
(# Cos: 61 | $417M)
Paradox
(2016, United States, $253M)
Mya
(2012, United States, $64.8M)
Brazen
(2007, United States, $13.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Paradox (2016, United States)
$200M - Series C - Dec 2021
EVA (2014, United Kingdom)
$31.7M - Angel - Mar 2022
Emi Labs (2017, Argentina)
$11.0M - Series A - Feb 2022
HR Messenger (2018, Kazakhstan)
$1.2M - Seed - Jan 2022

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Robotic Programming Software
34
42
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$236M (▲219%)
9(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$365M
30
-
90
7
Industrial Robotics (Neurala)
(# Cos: 1166 | $4.9B)
Tech Enablers (Ouster)
(# Cos: 542 | $2.7B)
Software (Vicarious)
(# Cos: 292 | $1.6B)
No Code Robotic Programming
(Wandelbots)
(# Cos: 90 | $365M)
Wandelbots
(2017, Germany, $126M)
Covariant.ai
(2017, United States, $147M)
micropsi industries
(2014, Germany, $45.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wandelbots (2017, Germany)
$84.0M - Series C - Jan 2022
Covariant.ai (2017, United States)
$80.0M - Series C - Jul 2021
micropsi industries (2014, Germany)
$34.3M - Series B - Feb 2022
Artificial (2018, United States)
$21.5M - Series A - May 2021
Rendered (2019, United States)
$6.6M - Seed - Oct 2021
GrayMatter Ro.. (2020, United States)
$4.1M - Seed - Sep 2021
Fuzzy Logic Robotics (2018, France)
$2.9M - Seed - Sep 2021
View all 9 Funding Rounds on Tracxn Platform

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Turntide (2004, United States)
$225M - Series D - Jun 2021
Ubicquia (2014, United States)
$31.3M - Series C - Jan 2022
SparkMeter (2013, United States)
$10.0M - Series A - Mar 2022
Amperon (2017, United States)
$7.0M - Series A - Jan 2022
Energyworx (2012, Netherlands)
$6.0M - Series B - Jul 2021
Ubiik (2016, Taiwan)
$5.0M - Series A - Apr 2021
Urbio (2020, Switzerland)
$2.0M - Seed - Sep 2021
View all 9 Funding Rounds on Tracxn Platform
Smart Energy Management
35
43
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Smart Cities (Zencity)
(# Cos: 1931 | $6.6B)
Smart Utilities (Turntide)
(# Cos: 583 | $2.8B)
Energy Management (Landis+Gyr)
(# Cos: 292 | $2.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$227M (▲63.7%)
9(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$2.0B
96
4
292
12
Landis+Gyr
(1896, Switzerland, $1.0B)
Turntide
(2004, United States, $433M)
BluWave-ai
(2017, Canada, $3.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Invasive Brain-Computer Interfaces
36
44
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Brain Computer Interface (MindMaze)
(# Cos: 219 | $1.4B)
Invasive Interface (Neuralink)
(# Cos: 4 | $305M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$225M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$305M
3
-
4
2
Neuralink
(2016, United States, $271M)
Paradromics
(2015, United States, $29.7M)
BIOS
(2015, United Kingdom, $4.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neuralink (2016, United States)
$205M - Series C - Jul 2021
Paradromics (2015, United States)
$20.0M - Seed - Jul 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Hologram (2014, United States)
$67.0M - Series B - Aug 2021
Celona (2019, United States)
$60.0M - Series C - Mar 2022
EMnify (2014, Germany)
$57.0M - Series B - Jan 2022
Cyolo (2019, Israel)
$21.0M - Series A - Jul 2021
floLIVE (2015, United Kingdom)
$15.5M - Series B - Jun 2021
IoT Connectivity Management Platform
37
45
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Internet of Things Infrastructure (Armis Security)
(# Cos: 4740 | $23.9B)
IoT Platforms (TeamViewer)
(# Cos: 1918 | $5.9B)
Connectivity Management (Cradlepoint)
(# Cos: 197 | $951M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$221M (▲459%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$951M
78
2
197
9
Cradlepoint
(2004, United States, $155M)
Celona
(2019, United States, $100M)
Electric Imp
(2011, United States, $43.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Smart Locks
38
46
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$216M (▲539%)
9(▲80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$858M
68
3
280
10
Smart Homes (Peloton)
(# Cos: 4327 | $9.7B)
Home Security (Ooma)
(# Cos: 959 | $2.3B)
Access Control (August)
(# Cos: 393 | $861M)
Smart Lock and Key (Level)
(# Cos: 300 | $858M)
Locks (Latch)
(# Cos: 280 | $858M)
Latch
(2014, United States, $147M)
Level
(2010, United States, $171M)
August
(2012, United States, $73.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Level (2010, United States)
$100M - Series C - Nov 2021
Kaadas (1999, China)
$94.0M - Series C - Mar 2022
$94.0M - Series C - Mar 2022
Nuki Home Solutions (2014, Austria)
$23.5M - Series B - Aug 2021
Photosynth (2014, Japan)
$15.8M - Series C - Jul 2021
Igloocompany (2015, Singapore)
$12.0M - Series B - Mar 2022
Haven (2014, United States)
$1.8M - Seed - May 2021
View all 9 Funding Rounds on Tracxn Platform

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Shield AI (2015, United States)
$210M - Series D - Aug 2021
Defendry (2019, United States)
$353K - Seed - Jun 2021
Surveillance Drones
39
47
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Security & Surveillance Technology (ADT)
(# Cos: 8561 | $16.2B)
Security Patrolling System (Knightscope)
(# Cos: 72 | $643M)
Unmanned Aerial System (Shield AI)
(# Cos: 28 | $514M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$210M (▲46.9%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$514M
14
2
28
2
Shield AI
(2015, United States, $399M)
Airobotics
(2014, United States, $101M)
Sunflower Labs
(2016, United States, $5.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Robot Waiters
40
48
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$209M (▲556%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$282M
2
-
3
2
Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Food and Beverage (Chowbotics)
(# Cos: 125 | $666M)
Food Serving (Shenzhen Pudu Technology)
(# Cos: 17 | $285M)
Robot Waiter (Bear Robotics)
(# Cos: 3 | $282M)
Bear Robotics
(2017, United States, $165M)
Shenzhen Pudu Technology
(2016, China, $117M)
HOUDE
(2015, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bear Robotics (2017, United States)
$81.0M - Series B - Mar 2022
$50.0M - Series B - Nov 2021
Shenzhen Pudu Technol.. (2016, China)
Undisclosed - Series C - Sep 2021
$303K - Series B - May 2021
$77.6M - Series C - May 2021

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
VR Virtual World
41
49
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$203M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$273M
24
1
78
3
Virtual Reality (Oculus)
(# Cos: 4971 | $7.2B)
Applications (Matterport)
(# Cos: 2749 | $2.7B)
Social (Second Life)
(# Cos: 227 | $315M)
Virtual World (VRChat)
(# Cos: 78 | $273M)
VRChat
(2014, United States, $91.6M)
Second Life
(2003, United States, $19.0M)
vTime
(2015, United Kingdom, $7.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
XRSPACE (2017, Taiwan)
$100M - Series C - Feb 2022
VRChat (2014, United States)
$80.0M - Series D - Jun 2021
Pax World (2021, Switzerland)
$5.8M - Seed - Feb 2022
VICTORIA VR (2015, Czech Republic)
$5.5M - Series A - Nov 2021
Solice (2021, Netherlands)
$4.4M - Seed - Dec 2021
Bloktopia (2021, United Kingdom)
$4.2M - Series A - Aug 2021
Xverse (2021, South Korea)
$2.7M - Seed - Jun 2021
View all 8 Funding Rounds on Tracxn Platform

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Cognite (2016, Norway)
Undisclosed - Series B - Feb 2022
$150M - Series B - May 2021
micropsi industries (2014, Germany)
$34.3M - Series B - Feb 2022
Urbanbase (2013, South Korea)
$11.1M - Series B - Aug 2021
CINTOO (2013, France)
$6.0M - Series A - Jan 2022
Digital Twin Modelling Software
42
50
Back to index
Digital Twin (Matterport)
(# Cos: 488 | $2.5B)
Development Tools (Esri)
(# Cos: 85 | $565M)
Modelling (Cognite)
(# Cos: 56 | $324M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$201M (▲168%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$324M
17
1
56
5
Cognite
(2016, Norway, $225M)
Urbanbase
(2013, South Korea, $20.0M)
HoloBuilder
(2016, United States, $2.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
HawkEye 360 (2015, United States)
$150M - Series D - Nov 2021
Lacuna (2018, United States)
$16.0M - Series A - Jul 2021
WhereIsMyTra.. (2015, United Kingdom)
$14.5M - Series A - Jun 2021
Phiar Technol.. (2017, United States)
$12.0M - Series A - Sep 2021
Machines Wit.. (2015, United Kingdom)
$3.4M - Series A - Mar 2022
Ushr (2014, United States)
Undisclosed - Series B - Aug 2021
TTM (2018, Latvia)
Undisclosed - Seed - Aug 2021
GIS in Transportation
43
51
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Geographic Information Systems (MapmyIndia)
(# Cos: 4379 | $10.5B)
Location Analytics (Trimble)
(# Cos: 1198 | $3.0B)
Transportation (Inrix)
(# Cos: 293 | $655M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$196M (▲177%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$655M
62
4
293
5
Inrix
(2004, United States, $133M)
StreetLight
(2010, United States, $40.5M)
HERE
(1985, Netherlands)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Nano Based Vaccine Delivery
44
52
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$193M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$246M
12
1
23
1
Nanotechnology (Nanopore)
(# Cos: 2850 | $16.0B)
Nanoenabled Products (A123 Systems)
(# Cos: 1127 | $8.9B)
Life Science (Acorda)
(# Cos: 716 | $4.8B)
Drug Delivery (AcelRx)
(# Cos: 466 | $2.8B)
Vaccine (Siwei Biotechnology)
(# Cos: 23 | $246M)
Siwei Biotechnology
(2016, China, $206M)
Kereos
(1999, United States, $27.2M)
Ascendia Pharmaceuticals
(2012, United States, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Siwei Biotechnology (2016, China)
$188M - Series B - Jun 2021
Ascendia Phar.. (2012, United States)
$5.0M - Series A - Apr 2021

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Nanoencapsulation
45
53
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$188M (▼57.2%)
5(▼73.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$1.7B
131
17
219
13
Nanotechnology (Nanopore)
(# Cos: 2850 | $16.0B)
Nanoenabled Products (A123 Systems)
(# Cos: 1127 | $8.9B)
Life Science (Acorda)
(# Cos: 716 | $4.8B)
Drug Delivery (AcelRx)
(# Cos: 466 | $2.8B)
Encapsulation (Ensysce)
(# Cos: 219 | $1.7B)
Ensysce
(2008, United States, $2.5M)
Precision Nanosystems
(2010, Canada, $25.4M)
Nanobiotix
(2003, France, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sirnaomics (2007, United States)
$105M - Series E - Jul 2021
Splice Bio (2020, Spain)
$56.7M - Series A - Feb 2022
Topas Therapeutics (2016, Germany)
$21.3M - Series B - Jul 2021
ViAqua Therapeutics (2014, Israel)
$4.3M - Series A - Jun 2021
GreenMark Bio.. (2016, United States)
$830K - Series A - Jan 2022

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Gaoxian Robotics (2013, China)
$188M - Series C - Nov 2021
Skyline Robotics (2017, Israel)
$6.5M - Seed - Mar 2022
Greenzie (2015, United States)
$4.0M - Series A - Sep 2021
Peppermint (2019, India)
$684K - Seed - Sep 2021
$469K - Seed - May 2021
iBen Robot (2016, China)
Undisclosed - Series B - Jun 2021
Guangzhou Aike Robot (2016, China)
Undisclosed - Series A - Sep 2021
View all 9 Funding Rounds on Tracxn Platform
Commercial Cleaning Robots
46
54
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Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Cleaning (Left Hand Robotics)
(# Cos: 105 | $399M)
Commercial Maintenance (Avidbots)
(# Cos: 85 | $397M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$188M (▲52%)
9(▲28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$397M
36
1
85
6
Avidbots
(2014, Canada, $23.6M)
Left Hand Robotics
(2016, United States, $9.4M)
Gaoxian Robotics
(2013, China, $325M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Cala Health (2013, United States)
$77.0M - Series D - Nov 2021
Ceribell (2014, United States)
$53.0M - Series C - Apr 2021
BrainQ (2011, Israel)
$40.0M - Series B - Aug 2021
Seer (2017, Australia)
$34.0M - Series A - Aug 2021
Epiminder (2018, Australia)
$16.0M - Series B - Mar 2022
Epitel (2007, United States)
$12.5M - Series A - Feb 2022
Mendi (2017, Sweden)
$4.7M - Series A - Oct 2021
View all 9 Funding Rounds on Tracxn Platform
Nerve Monitoring Wearable
47
55
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Wearable Technology (Oculus)
(# Cos: 6104 | $20.3B)
Health and Wellness Devices (Dexcom)
(# Cos: 2371 | $8.5B)
Neural (BioSerenity)
(# Cos: 86 | $554M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$175M (▲1021%)
9(▲28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$554M
51
-
86
14
BioSerenity
(2013, France, $95.3M)
Ceribell
(2014, United States, $88.0M)
Nymbl Science
(2014, United Kingdom, $11.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Pudu Robotics (2016, China)
$77.0M - Series C - Sep 2021
$78.0M - Series C - May 2021
Song Ling robot (2016, China)
$15.4M - Series A - Aug 2021
E-Nano (2019, United Kingdom)
$141K - Seed - Jun 2021
Shenzhen Zhihui Techn.. (2015, China)
Undisclosed - Series A - Sep 2021
Unmanned Ground Vehicles
48
56
Back to index
Professional Service Robots (Nuro)
(# Cos: 2479 | $20.7B)
Multi Utility (Sarcos)
(# Cos: 367 | $3.7B)
Unmanned Ground Vehicles (Pudu
Robotics)
(# Cos: 156 | $349M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$171M (▲1037%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$349M
33
-
156
7
Pudu Robotics
(2016, China, $257M)
Ghost Robotics
(2015, United States, $800K)
TMiRob
(2015, China, $37.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Smart Contracts
49
57
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Blockchain Infrastructure (ConsenSys)
(# Cos: 2561 | $15.3B)
Smart Contracts (Quantstamp)
(# Cos: 237 | $373M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$170M (▲223%)
17(▲30.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$373M
91
-
237
13
Quantstamp
(2017, United States, $150K)
Fantom
(2018, South Korea, $40.0M)
Offchain Labs
(2018, United States, $124M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Offchain Labs (2018, United States)
$100M - Series B - Aug 2021
SIMBA Chain (2017, United States)
$25.0M - Series A - Aug 2021
Forta (2016, Switzerland)
$23.0M - Series B - Sep 2021
Eden Network (2021)
$17.4M - Seed - Sep 2021
Aurora Labs (2021, Gibraltar)
$12.0M - Seed - Oct 2021
Certora (2012, Israel)
$7.2M - Series A - May 2021
Tracer (2020)
$4.5M - Seed - Jun 2021
View all 17 Funding Rounds on Tracxn Platform

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Technology - Top Business Models Report
Recent Funding Rounds
Bioplastics From Waste
50
58
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$170M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$574M
16
-
24
2
Advanced Materials (Menlo Micro)
(# Cos: 1425 | $10.2B)
Biomaterials (Checkerspot)
(# Cos: 281 | $2.0B)
Biodegradable Polymers (UBQ Materials)
(# Cos: 209 | $1.7B)
Bioplastics (Danimer Scientific)
(# Cos: 110 | $1.2B)
From Waste (Solugen)
(# Cos: 24 | $574M)
Solugen
(2016, United States, $387M)
UBQ Materials
(2012, Israel, $170M)
BIO-LUTIONS
(2017, Germany, $9.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solugen (2016, United States)
$357M - Series C - Sep 2021
UBQ Materials (2012, Israel)
$170M - Series A - Dec 2021
Made of Air (2016, Germany)
$5.8M - Seed - Oct 2021
Mi Terro Global (2018, United States)
$1.5M - Seed - Mar 2022
Traceless (2020, Germany)
Undisclosed - Seed - May 2021

59. Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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