Tracxn's proprietary taxonomy brings to you top Business Models in Semiconductors rebrand.ly/hn9bjwr Get our free reports on Practice Area or sector of your interest to your mailbox regularly https://rb.gy/cx2upn

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

2. Semiconductors - Top Business Models Report Copyright © 2021, Tracxn Technologies Private 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 Private Limited. All rights reserved.
Semiconductors - Funding in last 1 year
3
Digital ICs $4.3B
Analog and Mixed Signal ICs $2.5B
Sensors $1.6B
Photonics $1.1B
Display Technology $605M
Electronic Design Automation
Tools
$434M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Sequoia Capital
Zhen Fund
Green Pine Capital Partners
3
3
3
Early
Stage
Glory Ventures
IDG Capital
University of Cambridge
6
4
3
Late
Stage
BlackRock
Qualcomm Ventures
Intel
4
3
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
China (45%)
United States (36%)
United Kingdom (4%)
Japan (4%)
Canada (3%)
France (2%)
Netherlands (2%)
Others (5%)
$ Funding # Rounds
Unisoc
(2001, China)
$815M - Series E
SambaNova Systems
(2017, United States)
$676M - Series D
Zhuhai Apex Microelect..
(2004, China)
$490M - Series D
Biren Technology
(2019, China)
$410M - Series B
Horizon Robotics
(2015, China)
$400M - Series C
Horizon Robotics
(2015, China)
$350M - Series C
Groq
(2016, United States)
$300M - Series C
JOLED
(2015, Japan)
$281M - PE
Shanghai Liaoyuan Tech..
(2018, China)
$278M - Series C
Black Sesame Technolog..
(2016, China)
$231M - Series C
SmartSens
(2011, China)
$225M - Series D
Graphcore
(2016, United Kingdom)
$222M - Series E

4. Copyright © 2021, Tracxn Technologies Private 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▲5 Deept Learning Processing Units $1.4B 6 Horizon Robot.. | $400M | Series C Link
2▲1 Intelligent Processing Units $1.2B 4 SambaNova Sys.. | $676M | Series D Link
3▼2 System on Chips $831M 2 Unisoc | $815M | Series E Link
4-- General Purpose $822M 5 Biren Technol.. | $410M | Series B Link
5-- SoC for Automotive $304M 2 Black Sesame .. | $231M | Series C Link
6-- Tensor Processing Units $300M 2 Groq | $300M | Series C Link
7▲22 SoC IoT $266M 12 Ambiq | $127M | Series D Link
8▲81 Embedded Vision $232M 2 Black Sesame .. | $231M | Series C Link
9▲17 Multi-Parameter Sensor Developers $155M 4 Memsic | $155M | Unattributed Link
10▼3 Visual Processing Units $148M 5 IntelliFusion | $147M | 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 Private 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<> 0
Photonics > Photonic Integrated Circuits > Material
Platforms > Silicon Photonics
$138M 4 Rockley Phot.. | $65.0M | Series F Link
12▼2
Photonics > Optoelectronics > Diode > Light Emitting
Diodes
$129M 3 Aledia | $94.2M | Series D Link
13▲61 Analog and Mixed Signal $119M 2 Credo | $100M | Series D Link
14▲27 LiDAR $116M 10 Innovusion | $64.0M | Series B Link
15▲7 ASICs for Quantum Computining $100M 1 Xanadu | $100M | Series B Link
16-- LED Displays $94.2M 2 Aledia | $94.2M | Series D Link
17--
Photonics > Biophotonics > Optical
Micromanipulation > Optical Tweezers
$93.4M 1 LUMICKS | $93.4M | Series D Link
18▼5 Packaging $92.3M 1 Kandou Bus | $92.3M | Series C Link
19-- Railways $80.0M 1 KONUX | $80.0M | Series C Link
20▼11 SoCs $61.0M 4 SiFive | $61.0M | Series E 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 Private 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--
Photonics > Photonic Integrated Circuits >
Application-specific PICs > Optical Communication
$59.0M 2 Xinyun Optoe.. | $59.0M | Series B Link
22--
Photonics > Photonic Integrated Circuits > Material
Platforms > III-V Compounds > Indium Phos..
$51.5M 2 EFFECT Photo.. | $42.0M | Series C Link
23-- Lifecycle Analytics $45.0M 1 proteanTecs | $45.0M | Series C Link
24▲30 Power Management ICs $40.1M 9 Cambridge Gan.. | $9.5M | Series A Link
25-- Fabless Manufacturers $39.7M 2 Senscomm | $22.9M | Series A Link
26▼6 OLED Materials $37.3M 3 Kyulux | $34.3M | Series B Link
27--
Photonics > Photonic Integrated Circuits >
Application-specific PICs > Photonic Computing
$35.0M 2 Ayar Labs | $35.0M | Series B Link
28▼9 Non-Volatile Memory $31.4M 4 Antaios | $11.0M | Series B Link
29▲13 Pressure Sensor $30.4M 2 FineMEMS | $30.4M | Series D Link
30-- Position $30.0M 1 Beijing Chua.. | $30.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private 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-- Biometrics Sensors $29.3M 3 BIOSEC | $15.3M | Series B Link
32-- Flexible Solar Cell $28.2M 7 Swift Solar | $8.2M | Series B Link
33▲4
Photonics > Biophotonics > Optical
Micromanipulation > Cell Sorting
$26.0M 1 ThinkCyte | $26.0M | Series B Link
34-- Material for TFT $24.7M 2 SmartKem | $24.6M | Series B Link
35▼30 Neural Processing Units $22.9M 7 Kneron | $10.0M | Series A Link
36-- Direct View LED IP $22.1M 1 Xdisplay | $22.1M | Series B Link
37▲50 Quantum Dots $20.0M 1 Nanosys | $20.0M | Series G Link
38▲50
Photonics > Nanophotonics > Nanophotonic
Products > LEDs > Quantum Dots-enhanced
$20.0M 1 Nanosys | $20.0M | Series G Link
39▲29 Memories $20.0M 2 Ferroelectri.. | $20.0M | Series B Link
40▲37 RFICs $19.2M 9 QuantalRF | $19.2M | 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 © 2021, Tracxn Technologies Private 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▲19 Structural Health Monitoring Sensors $19.1M 4 Micatu | $10.0M | Series A Link
42-- Embedded Software $18.8M 2 Edge Impulse | $15.0M | Series A Link
43--
Photonics > Optoelectronics > Optical Network >
Optical Cables
$17.6M 2 Lumenisity | $9.6M | Series A Link
44▲26 Thermal Sensor $16.8M 4 Therma | $10.2M | Series B Link
45-- Photonics > Quantum Optics > Lasers > Horizontal $16.6M 2 M Squared | $16.6M | Series B Link
46--
Photonics > Photonic Integrated Circuits > Light
Source
$15.4M 1 RAYSEES | $15.4M | Series B Link
47▲9 Tech Enabled Manufacturing Services $15.2M 1 MacroFab | $15.2M | Series B Link
48-- Transceivers $13.8M 1 Spark Micros.. | $13.8M | Series A Link
49-- Wifi Chip $13.0M 2 Morse Micro | $13.0M | Series A Link
50-- System on Chips $12.5M 1 Eta Compute | $12.5M | 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 © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Deept Learning Processing Units
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.4B (▲895%)
6(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$2.8B
12
-
13
6
Digital ICs (Xilinx)
(# Cos: 529 | $15.5B)
Microprocessors (NVIDIA)
(# Cos: 284 | $11.0B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 76 | $6.4B)
Deep Learning Processing Unit
(Cerebras Systems)
(# Cos: 13 | $2.8B)
Cerebras Systems
(2016, United States, $100M)
Tenstorrent
(2016, Canada, $221M)
Intel Nervana
(2014, United States, $24.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Horizon Robotics (2015, China)
$400M - Series C - Jan 2021
Horizon Robotics (2015, China)
$350M - Series C - Feb 2021
Shanghai Liaoyuan Tec.. (2018, China)
$278M - Series C - Jan 2021
Tenstorrent (2016, Canada)
$200M - Series C - May 2021
Horizon Robotics (2015, China)
$150M - Series C - Dec 2020
Syntiant (2017, United States)
$35.0M - Series C - Aug 2020

10. Copyright © 2021, Tracxn Technologies Private 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(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4B
13
-
15
7
Digital ICs (Xilinx)
(# Cos: 529 | $15.5B)
Microprocessors (NVIDIA)
(# Cos: 284 | $11.0B)
Artificial Intelligence and Machine
Learning (Graphcore)
(# Cos: 76 | $6.4B)
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 Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Unisoc (2001, China)
$815M - Series E - Apr 2021
AIStorm (2011, United States)
$16.0M - Series B - Dec 2020
System on Chips
03
11
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1143 | $16.9B)
System on chip (Mobileye)
(# Cos: 276 | $5.7B)
Horizontal (ASR Microelectronics)
(# Cos: 18 | $1.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$831M (▲7.3%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.8B
11
1
18
3
ASR Microelectronics
(2015, China, $319M)
iCatch Technology
(2009, Taiwan)
Unisoc
(2001, China, $1.4B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Biren Technology (2019, China)
$410M - Series B - Mar 2021
Biren Technology (2019, China)
$155M - Series A - Jun 2020
Biren Technology (2019, China)
$130M - Series A - Aug 2020
Ambiq (2010, United States)
$127M - Series D - Mar 2021
Biren Technology (2019, China)
Undisclosed - Series A - Jul 2020
General Purpose
04
12
Back to index
Digital ICs (Xilinx)
(# Cos: 529 | $15.5B)
Microprocessors (NVIDIA)
(# Cos: 284 | $11.0B)
General Purpose (Ambiq)
(# Cos: 22 | $874M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$822M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$874M
17
1
22
2
Ambiq
(2010, United States, $127M)
Biren Technology
(2019, China, $695M)
Cortus
(2005, France)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Black Sesame Technolo.. (2016, China)
$231M - Series C - Apr 2021
Nanjing Core Semicond.. (2018, China)
$73.3M - Series A - Sep 2020
SoC for Automotive
05
13
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1143 | $16.9B)
System on chip (InvenSense)
(# Cos: 276 | $5.7B)
Automotive (Mobileye)
(# Cos: 17 | $962M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$304M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$962M
12
2
17
2
Mobileye
(1999, Israel, $530M)
Silicon Mobility
(2015, France, $10.0M)
Black Sesame Technolog..
(2016, China, $346M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Tensor Processing Units
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$300M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$367M
1
-
1
1
Digital ICs (Xilinx)
(# Cos: 529 | $15.5B)
Microprocessors (NVIDIA)
(# Cos: 284 | $11.0B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 76 | $6.4B)
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
Groq (2016, United States)
Undisclosed - Series B - Aug 2020

15. Copyright © 2021, Tracxn Technologies Private 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
Nurlink Techn.. (2017, United States)
$29.0M - Series B - Aug 2020
Eta Compute (2015, United States)
$12.5M - Series C - Dec 2020
AlphaICs (2016, United States)
$8.0M - Series B - Jan 2021
Aspinity (2013, United States)
$5.3M - Series A - Jun 2020
View all 12 Funding Rounds on Tracxn Platform
SoC IoT
07
15
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1143 | $16.9B)
System on chip (Mobileye)
(# Cos: 276 | $5.7B)
IoT (InvenSense)
(# Cos: 83 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$266M (▲1167%)
12(▲140%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$1.2B
52
7
83
8
InvenSense
(2003, United States, $38.0M)
Wiliot
(2017, United States, $69.0M)
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 Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Black Sesame Technolo.. (2016, China)
$231M - Series C - Apr 2021
Uncanny Vision (2013, India)
$658K - Seed - Jun 2020
Embedded Vision
08
16
Back to index
Embedded Systems (Wixsite)
(# Cos: 459 | $1.9B)
Embedded Applications (Particle)
(# Cos: 112 | $541M)
Embedded Vision (Black Sesame
Technologies)
(# Cos: 19 | $348M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$232M (▲ >10K%)
2(▲100%)
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.

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Memsic (1999, United States)
$155M - Unattributed - Jan 2021
SST Wireless (2004, Canada)
$312K - Seed - Jun 2020
AkuSense (2010, China)
Undisclosed - Series A - Oct 2020
Beijing Zhongke Yinhe.. (2018, China)
Undisclosed - Series A - Jan 2021
Multi-Parameter Sensor Developers
09
17
Back to index
Sensors (Velodyne Lidar)
(# Cos: 4188 | $8.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 2873 | $6.7B)
Multi-Parameter Sensor Developers
(Infineon)
(# Cos: 336 | $306M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$155M (▲514%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$306M
62
17
336
2
Infineon
(1999, Germany)
Silicon Laboratories
(1996, United States)
Diodes
(1959, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Visual Processing Units
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$148M (▲5%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$376M
10
1
11
1
Digital ICs (Xilinx)
(# Cos: 529 | $15.5B)
Microprocessors (NVIDIA)
(# Cos: 284 | $11.0B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 76 | $6.4B)
Visual Processing Unit (Movidius)
(# Cos: 11 | $376M)
Movidius
(2005, United States, $86.5M)
IntelliFusion
(2014, China, $288M)
Jinyun Technology Core..
(2016, China, $2.2M)
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
Jinyun Technology Cor.. (2016, China)
$1.4M - Series A - Aug 2020
Owl Autonomou.. (2018, United States)
$100K - Seed - Mar 2021
Aixin (2019, China)
Undisclosed - Seed - Apr 2021
Aixin (2019, China)
Undisclosed - Series A - Apr 2021

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Photonic Integrated Circuits > Material Platforms
> Silicon Photonics
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$138M (▲102%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$511M
13
-
20
6
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Photonic Integrated Circuits (RANOVUS)
(# Cos: 109 | $1.4B)
Material Platforms (II-VI Incorporated)
(# Cos: 52 | $918M)
Silicon Photonics (Rockley
Photonics)
(# Cos: 20 | $511M)
Rockley Photonics
(2013, United States, $290M)
Aeponyx
(2011, Canada, $17.2M)
SiLC Technologies
(2018, United States, $35.1M)
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
Rockley Photo.. (2013, United States)
$50.0M - Series E - Aug 2020
SiLC Technolo.. (2018, United States)
$23.1M - Series A - Mar 2021
Aeponyx (2011, Canada)
$7.9M - Series A - Mar 2021

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Optoelectronics > Diode >
Light Emitting Diodes
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$129M (▲80.6%)
3(▼57.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$689M
56
17
129
7
Photonics (Nanosys)
(# Cos: 1255 | $9.2B)
Optoelectronics (Inphi)
(# Cos: 652 | $4.0B)
Diode (Kyulux)
(# Cos: 154 | $743M)
Light Emitting Diodes (Cynora)
(# Cos: 129 | $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

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Analog and Mixed Signal
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$119M (▲5851%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$256M
12
1
26
4
Electronic Design Automation Tools (Cadence)
(# Cos: 592 | $3.0B)
IP Cores (Imagination Technologies)
(# Cos: 214 | $1.6B)
Integrated Circuits (VeriSilicon)
(# Cos: 201 | $1.4B)
Analog and Mixed Signal (Credo)
(# Cos: 26 | $256M)
Credo
(2008, United States, $108M)
Agile Analog
(2017, United Kingdom, $24.0M)
Thalia Design Automation
(2011, United Kingdom, $3.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Credo (2008, United States)
$100M - Series D - Jun 2020
Agile Analog (2017, United Kingdom)
$19.0M - Series A - May 2021

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
LiDAR
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$116M (▲840%)
10(▲233%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$528M
11
-
15
7
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Quantum Optics (NeoPhotonics)
(# Cos: 239 | $2.5B)
Applications (Horizon Quantum Computing)
(# Cos: 67 | $593M)
Scanning and Surveying (Sense Photonics)
(# Cos: 23 | $528M)
LiDAR (Quanergy)
(# Cos: 15 | $528M)
Quanergy
(2012, United States, $160M)
Sense Photonics
(2016, United States, $80.8M)
SOS Lab
(2016, South Korea, $14.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Innovusion (2020, United States)
$64.0M - Series B - May 2021
Sense Photonics (2016, United States)
$32.1M - Series B - Nov 2020
Voyant Photon.. (2017, United States)
$15.5M - Series B - Feb 2021
LightWare (2011, United States)
$1.5M - Seed - Aug 2020
Psionic (2016, United States)
$1.0M - Seed - Sep 2020
LightCode Photonics (2020, Estonia)
$516K - Seed - May 2021
Psionic (2016, United States)
$500K - Seed - Nov 2020
View all 10 Funding Rounds on Tracxn Platform

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
ASICs for Quantum Computining
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$100M (▲260%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$150M
4
-
5
3
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Quantum Optics (NeoPhotonics)
(# Cos: 239 | $2.5B)
Quantum Computing (LightOn)
(# Cos: 23 | $615M)
Quantum Hardware (PsiQ)
(# Cos: 11 | $614M)
ASICs (Xanadu)
(# Cos: 5 | $150M)
Xanadu
(2016, Canada, $145M)
LightOn
(2016, France, $3.3M)
SparrowQuantum
(2015, Denmark, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Xanadu (2016, Canada)
$100M - Series B - May 2021

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
LED Displays
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$94.2M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$215M
22
4
90
1
Display Technology (Nanosys)
(# Cos: 705 | $9.6B)
Display Manufacturer (Barco)
(# Cos: 551 | $8.3B)
Flat Panel Displays (E Ink)
(# Cos: 275 | $2.0B)
LED Displays (Aledia)
(# Cos: 90 | $215M)
Aledia
(2011, France, $176M)
NanoLumens
(2006, United States, $18.2M)
Unilumin Group
(2004, China)
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
Shenzhen GCL Electron.. (1999, China)
Undisclosed - Series A - Mar 2021

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Biophotonics > Optical
Micromanipulation > Optical Tweezers
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$93.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$93.4M
1
-
1
1
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Biophotonics (Exo)
(# Cos: 93 | $620M)
Optical Micromanipulation (ThinkCyte)
(# Cos: 3 | $138M)
Optical Tweezers (LUMICKS)
(# Cos: 1 | $93.4M)
LUMICKS
(2014, Netherlands, $93.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LUMICKS (2014, Netherlands)
$93.4M - Series D - Apr 2021

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Kandou Bus (2011, Switzerland)
$92.3M - Series C - Nov 2020
Packaging
18
26
Back to index
Electronic Design Automation Tools (Cadence)
(# Cos: 592 | $3.0B)
IP Cores (VeriSilicon)
(# Cos: 214 | $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 Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
KONUX (2014, Germany)
$80.0M - Series C - Jan 2021
Railways
19
27
Back to index
Sensors (Innoviz)
(# Cos: 4188 | $8.3B)
Industry Applications (Kromek)
(# Cos: 1157 | $1.4B)
Railways (KONUX)
(# Cos: 8 | $132M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$80.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$132M
4
-
8
1
KONUX
(2014, Germany, $132M)
Frauscher
(1999, Austria)
Senvisys
(2015, Germany)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
SoCs
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$61.0M (▼15%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$433M
15
2
25
3
Electronic Design Automation Tools (Cadence)
(# Cos: 592 | $3.0B)
IP Cores (UltraSoC)
(# Cos: 214 | $1.6B)
Integrated Circuits (VeriSilicon)
(# Cos: 201 | $1.4B)
SoCs (Imagination Technologies)
(# Cos: 25 | $433M)
Imagination Technologies
(1985, United Kingdom, $69.0M)
UltraSoC
(2005, United Kingdom, $18.7M)
Arteris
(2003, United States, $33.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SiFive (2015, United States)
$61.0M - Series E - Aug 2020
Xin Yaohui Technology (2020, China)
Undisclosed - Angel - Feb 2021
Xin Yaohui Technology (2020, China)
Undisclosed - Seed - Feb 2021
Xin Yaohui Technology (2020, China)
Undisclosed - Seed - May 2021

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Photonic Integrated Circuits > Application-
specific PICs > Optical Communication
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$59.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$83.2M
7
-
9
1
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Photonic Integrated Circuits (Rockley Photonics)
(# Cos: 109 | $1.4B)
Application-specific PICs (Ayar Labs)
(# Cos: 29 | $408M)
Optical Communication
(MultiPhy)
(# Cos: 9 | $83.2M)
MultiPhy
(2007, Israel, $24.2M)
Xinyun Optoelectronics..
(2016, China, $59.0M)
Fujian Zhongke Optoele..
(2012, China)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Xinyun Optoelectronic.. (2016, China)
$59.0M - Series B - Sep 2020
Fujian Zhongke Optoel.. (2012, China)
Undisclosed - Seed - Feb 2021

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Photonic Integrated Circuits > Material Platforms
> III-V Compounds > Indium Phosphide
22
30
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$51.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$186M
3
-
5
1
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Photonic Integrated Circuits (II-VI Incorporated)
(# Cos: 109 | $1.4B)
Material Platforms (Rockley Photonics)
(# Cos: 52 | $918M)
III-V Compounds (LioniX International)
(# Cos: 16 | $258M)
Indium Phosphide (CyOptics)
(# Cos: 5 | $186M)
CyOptics
(1999, United States, $112M)
EFFECT Photonics
(2010, Netherlands, $51.5M)
Aurrion
(2008, United States, $22.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
EFFECT Photonics (2010, Netherlands)
$42.0M - Series C - Mar 2021
EFFECT Photonics (2010, Netherlands)
$9.5M - Series B - Aug 2020

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Lifecycle Analytics
23
31
Back to index
Electronic Design Automation Tools (Cadence)
(# Cos: 592 | $3.0B)
Lifecycle Analytics (proteanTecs)
(# Cos: 4 | $161M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$45.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$161M
3
1
4
1
proteanTecs
(2017, Israel, $80.0M)
OptimalPlus
(2005, Israel, $81.0M)
PDF Solutions
(1991, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
proteanTecs (2017, Israel)
$45.0M - Series C - Aug 2020

32. Copyright © 2021, Tracxn Technologies Private 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
E-peas (2014, Belgium)
$9.0M - Series B - Jul 2020
Huinengtai Semiconduc.. (2015, China)
$7.7M - Series A - Apr 2021
Lion Semicond.. (2013, United States)
$3.0M - Series A - Aug 2020
Zero-Error Systems (2019, Singapore)
$1.9M - Seed - Oct 2020
Huinengtai Semiconduc.. (2015, China)
Undisclosed - Series A - Jul 2020
View all 9 Funding Rounds on Tracxn Platform
Power Management ICs
24
32
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1143 | $16.9B)
Power (Allegro MicroSystems)
(# Cos: 211 | $1.6B)
Power Management ICs (Powervation)
(# Cos: 155 | $838M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$40.1M (▲450%)
9(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
33
$838M
94
19
155
9
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.

33. Copyright © 2021, Tracxn Technologies Private 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
25
33
Back to index
Analog and Mixed Signal ICs (Qualcomm)
(# Cos: 1143 | $16.9B)
Multi-Product Manufacturers
(STMicroelectronics)
(# Cos: 81 | $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.

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
OLED Materials
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$37.3M (▲17.3%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$208M
18
4
26
4
Display Technology (E Ink)
(# Cos: 705 | $9.6B)
Material Provider (C3Nano)
(# Cos: 106 | $1.0B)
Base Display Materials (Nanosys)
(# Cos: 60 | $702M)
OLED Materials (Cynora)
(# Cos: 26 | $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
Mattrix Techn.. (2018, United States)
$3.0M - Series A - Jun 2020
OTI Lumionics (2011, Canada)
Undisclosed - Series A - Aug 2020

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Photonic Integrated Circuits > Application-
specific PICs > Photonic Computing
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$35.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$106M
10
-
14
3
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Photonic Integrated Circuits (Rockley Photonics)
(# Cos: 109 | $1.4B)
Application-specific PICs (Optalysys)
(# Cos: 29 | $408M)
Photonic Computing (Ayar Labs)
(# Cos: 14 | $106M)
Ayar Labs
(2015, United States, $61.5M)
Optalysys
(2013, United Kingdom, $4.6M)
Lightelligence
(2017, United States, $36.7M)
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
Lightelligence (2017, United States)
Undisclosed - Series A - Jul 2020

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Antaios (2017, France)
$11.0M - Series B - Sep 2020
Avalanche Tec.. (2006, United States)
$10.0M - Series F - Oct 2020
Spin Memory (2011, United States)
$8.5M - Series B - Jul 2020
Intrinsic (2017, United Kingdom)
$1.9M - Seed - Mar 2021
Non-Volatile Memory
28
36
Back to index
Digital ICs (NVIDIA)
(# Cos: 529 | $15.5B)
Memories (SK hynix)
(# Cos: 132 | $3.3B)
Non-Volatile Memory (Micron)
(# Cos: 91 | $3.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$31.4M (▼4.4%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$3.2B
68
16
91
7
Micron
(1978, United States, $1.3B)
SK hynix
(1983, South Korea)
Avalanche Technology
(2006, United States, $190M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Pressure Sensor
29
37
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$30.4M (▲165%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$77.0M
23
1
127
3
Sensors (Velodyne Lidar)
(# Cos: 4188 | $8.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 2873 | $6.7B)
Pressure & Force (Loadstar Sensors)
(# Cos: 262 | $107M)
Pressure Sensor (SMC)
(# Cos: 127 | $77.0M)
SMC
(1959, United States)
BeBop Sensors
(2014, United States, $15.5M)
Aloxy
(2017, Belgium, $2.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FineMEMS (2003, China)
$30.4M - Series D - Dec 2020
Wuxi Shengmai Electro.. (2018, China)
Undisclosed - Series A - Feb 2021

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Position
30
38
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$30.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$31.8M
7
1
79
0
Sensors (Ouster)
(# Cos: 4188 | $8.3B)
Generic Sensor Developers (Velodyne Lidar)
(# Cos: 2873 | $6.7B)
Positioning & Motion (Innoviz)
(# Cos: 457 | $3.1B)
Position (Exxelia)
(# Cos: 79 | $31.8M)
Exxelia
(2009, France)
CTS Corporation
(1896, United States)
Roll-2-Roll Technologies
(2013, United States, $520K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Beijing Chuansu Micro.. (2008, China)
$30.0M - Series A - Dec 2020

39. Copyright © 2021, Tracxn Technologies Private 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
31
39
Back to index
Sensors (Velodyne Lidar)
(# Cos: 4188 | $8.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 2873 | $6.7B)
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
14
1
18
3
IDEX
(1996, Norway)
Cardea Bio
(2019, United States, $21.8M)
Miku
(2016, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Private 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
Polysolar (2007, United Kingdom)
$1.2M - Seed - Aug 2020
AmberWave Sys.. (1998, United States)
$145K - Series E - Feb 2021
Flexible Solar Cell
32
40
Back to index
Flexible Electronics (E Ink)
(# Cos: 226 | $3.6B)
Applications (SunPower)
(# Cos: 88 | $1.8B)
Solar Modules (First Solar)
(# Cos: 80 | $1.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$28.2M ( -- )
7( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.8B
44
5
80
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.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Biophotonics > Optical
Micromanipulation > Cell Sorting
33
41
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$26.0M (▲73.3%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.0M
2
-
2
1
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Biophotonics (Exo)
(# Cos: 93 | $620M)
Optical Micromanipulation (LUMICKS)
(# Cos: 3 | $138M)
Cell Sorting (ThinkCyte)
(# Cos: 2 | $45.0M)
ThinkCyte
(2016, Japan, $45.0M)
Molecular Machines & I..
(1998, Germany)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ThinkCyte (2016, Japan)
$26.0M - Series B - May 2021

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Material for TFT
34
42
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$24.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$48.9M
1
-
1
1
Display Technology (E Ink)
(# Cos: 705 | $9.6B)
Material Provider (Cynora)
(# Cos: 106 | $1.0B)
Base Display Materials (Nanosys)
(# Cos: 60 | $702M)
Material for TFT (SmartKem)
(# Cos: 1 | $48.9M)
SmartKem
(2008, United Kingdom, $48.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SmartKem (2008, United Kingdom)
$24.6M - Series B - Feb 2021
SmartKem (2008, United Kingdom)
$100K - Series B - May 2021

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Neural Processing Units
35
43
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$22.9M (▼85.1%)
7(▲16.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$367M
20
2
28
7
Digital ICs (Xilinx)
(# Cos: 529 | $15.5B)
Microprocessors (NVIDIA)
(# Cos: 284 | $11.0B)
Artificial Intelligence and Machine
Learning (SambaNova Systems)
(# Cos: 76 | $6.4B)
Neural Processing Unit (MediaTek)
(# Cos: 28 | $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.
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
Lightelligence (2017, United States)
Undisclosed - Series A - Jul 2020
MemComputing (2016, United States)
Undisclosed - Seed - Jul 2020
Jingshi Intelligent T.. (2019, China)
Undisclosed - Series A - Jan 2021

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Xdisplay (2005, United States)
$22.1M - Series B - Jun 2020
Direct View LED IP
36
44
Back to index
Display Technology (Nanosys)
(# Cos: 705 | $9.6B)
Intellectual Property (Yunyinggu Technology)
(# Cos: 8 | $124M)
Direct View LED (SelfArray)
(# Cos: 2 | $22.1M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$22.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.1M
2
-
2
1
SelfArray
(2015, United States)
Xdisplay
(2005, United States, $22.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Quantum Dots
37
45
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.0M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$366M
10
1
12
3
Display Technology (E Ink)
(# Cos: 705 | $9.6B)
Material Provider (C3Nano)
(# Cos: 106 | $1.0B)
Base Display Materials (Cynora)
(# Cos: 60 | $702M)
Quantum Dots (Nanosys)
(# Cos: 12 | $366M)
Nanosys
(2001, United States, $209M)
QD Vision
(2004, United States, $134M)
NanoPhotonica
(2010, United States, $9.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanosys (2001, United States)
$20.0M - Series G - Aug 2020

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Nanophotonics > Nanophotonic
Products > LEDs > Quantum Dots-enhanced
38
46
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.0M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$228M
7
1
10
3
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Nanophotonics (Nanotronics)
(# Cos: 131 | $617M)
Nanophotonic Products (glō)
(# Cos: 39 | $439M)
LEDs (OLEDWorks)
(# Cos: 28 | $421M)
Quantum Dots-enhanced (Nanosys)
(# Cos: 10 | $228M)
Nanosys
(2001, United States, $209M)
NanoPhotonica
(2010, United States, $9.1M)
Quantum Materials Corp
(2007, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanosys (2001, United States)
$20.0M - Series G - Aug 2020

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Memories
39
47
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$20.0M (▲620%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$261M
31
6
45
3
Electronic Design Automation Tools (Cadence)
(# Cos: 592 | $3.0B)
IP Cores (Imagination Technologies)
(# Cos: 214 | $1.6B)
Integrated Circuits (VeriSilicon)
(# Cos: 201 | $1.4B)
Memories (Rambus)
(# Cos: 45 | $261M)
Rambus
(1990, United States)
Ferroelectric Memory C..
(2016, Germany, $25.4M)
Kilopass
(2001, United States, $42.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ferroelectric Memor.. (2016, Germany)
$20.0M - Series B - Nov 2020
Codelucida (2013, United States)
$451K - Seed - Dec 2020

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
QuantalRF (2008, United States)
$19.2M - Series B - Dec 2020
Cygnusemi (2020, China)
Undisclosed - Seed - Feb 2021
Hangzhou Dixin Techno.. (2018, China)
Undisclosed - Series A - Mar 2021
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - Nov 2020
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - Sep 2020
Nanjing Chuangxin Hui.. (2019, China)
Undisclosed - Series B - Jan 2021
Beijing Chaocai Infor.. (2019, China)
Undisclosed - Seed - Oct 2020
View all 9 Funding Rounds on Tracxn Platform
RFICs
40
48
Back to index
Analog and Mixed Signal ICs (STMicroelectronics)
(# Cos: 1143 | $16.9B)
Communication ICs (Qualcomm)
(# Cos: 410 | $8.1B)
RFICs (Qorvo)
(# Cos: 150 | $1.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$19.2M (▲1235%)
9(▲350%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
52
$1.9B
106
18
150
7
Qorvo
(2015, United States)
Impinj
(2000, United States, $132M)
MACOM
(1950, United States, $164M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Structural Health Monitoring Sensors
41
49
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$19.1M (▲285%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$68.0M
37
2
96
4
Sensors (Innoviz)
(# Cos: 4188 | $8.3B)
Industry Applications (Kromek)
(# Cos: 1157 | $1.4B)
Smart Infrastructure (Somfy)
(# Cos: 277 | $144M)
Structural Health (Fos4X)
(# Cos: 96 | $68.0M)
Fos4X
(2010, Germany, $12.5M)
Inductosense
(2015, United Kingdom, $1.7M)
Feelit
(2017, Israel, $6.8M)
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
Safehub (2018, United States)
$5.0M - Seed - Jul 2020
Feelit (2017, Israel)
$5.0M - Series A - Jan 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Embedded Software
42
50
Back to index
Embedded Systems (Wixsite)
(# Cos: 459 | $1.9B)
Embedded Software (Mocana)
(# Cos: 38 | $163M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$18.8M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$163M
10
-
38
2
Mocana
(2002, United States, $118M)
OpenSynergy
(2007, Germany, $1.1M)
Edge Impulse
(2019, United States, $18.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Edge Impulse (2019, United States)
$15.0M - Series A - May 2021
Edge Impulse (2019, United States)
$3.8M - Seed - Jul 2020

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Optoelectronics > Optical Network >
Optical Cables
43
51
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$17.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$31.6M
10
2
70
3
Photonics (Nanosys)
(# Cos: 1255 | $9.2B)
Optoelectronics (Acacia)
(# Cos: 652 | $4.0B)
Optical Network (Inphi)
(# Cos: 269 | $2.3B)
Optical Cables (Chromis Fiber)
(# Cos: 70 | $31.6M)
Chromis Fiber
(2004, United States, $6.3M)
RF Industries
(1979, United States)
Cosemi
(2006, United States, $8.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lumenisity (2016, United Kingdom)
$9.6M - Series A - Sep 2020
Cosemi (2006, United States)
$8.0M - Series A - Dec 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Therma (2019, United States)
$10.2M - Series B - Mar 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 Sensor
44
52
Back to index
Sensors (Velodyne Lidar)
(# Cos: 4188 | $8.3B)
Generic Sensor Developers (Innoviz)
(# Cos: 2873 | $6.7B)
Thermal Sensor (Therma)
(# Cos: 326 | $60.1M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$16.8M (▲545%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$60.1M
36
2
326
5
Therma
(2019, United States, $10.2M)
GreenTEG
(2009, Switzerland, $27.6K)
LumaSense
(1958, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Photonics > Quantum Optics > Lasers >
Horizontal
45
53
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$16.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$537M
8
2
25
2
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Quantum Optics (Quanergy)
(# Cos: 239 | $2.5B)
Lasers (nLIGHT)
(# Cos: 140 | $1.3B)
Horizontal (NeoPhotonics)
(# Cos: 25 | $537M)
NeoPhotonics
(1997, United States, $268M)
nLIGHT
(2000, United States, $201M)
M Squared
(2006, United Kingdom, $30.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
M Squared (2006, United Kingdom)
$16.6M - Series B - Nov 2020
Shanghai Xinge Intell.. (2017, China)
Undisclosed - Series A - Oct 2020

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
RAYSEES (2018, China)
$15.4M - Series B - Jan 2021
Photonics > Photonic Integrated Circuits
> Light Source
46
54
Back to index
Photonics (Inphi)
(# Cos: 1255 | $9.2B)
Photonic Integrated Circuits (Rockley Photonics)
(# Cos: 109 | $1.4B)
Light Source (RANOVUS)
(# Cos: 12 | $68.2M)
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
2
$68.2M
9
1
12
2
RANOVUS
(2012, Canada, $45.1M)
CST Global
(2016, United Kingdom)
EpiCrystals
(2003, Finland, $7.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Tech Enabled Manufacturing Services
47
55
Back to index
Electronic Design Automation Tools (Cadence)
(# Cos: 592 | $3.0B)
Tech Enabled Manufacturing Services
(MacroFab)
(# Cos: 2 | $31.2M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$15.2M (▲131%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.2M
1
-
2
1
MacroFab
(2013, United States, $31.2M)
LionCircuits
(2016, India)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MacroFab (2013, United States)
$15.2M - Series B - May 2021

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Spark Microsystems (2016, Canada)
$13.8M - Series A - Feb 2021
Transceivers
48
56
Back to index
Analog and Mixed Signal ICs (STMicroelectronics)
(# Cos: 1143 | $16.9B)
Communication ICs (Qualcomm)
(# Cos: 410 | $8.1B)
Transceivers (Aquantia)
(# Cos: 37 | $654M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$13.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$654M
23
2
37
2
Aquantia
(2004, United States, $246M)
Lime Micro
(2005, United Kingdom, $4.2M)
Icera
(2002, United Kingdom, $205M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Morse Micro (2016, Australia)
$13.0M - Series A - Nov 2020
Shanghai Sichang Comm.. (2014, China)
Undisclosed - Seed - Dec 2020
Wifi Chip
49
57
Back to index
Analog and Mixed Signal ICs (STMicroelectronics)
(# Cos: 1143 | $16.9B)
Communication ICs (Qualcomm)
(# Cos: 410 | $8.1B)
WiFi (Celeno)
(# Cos: 37 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$13.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$1.1B
27
4
37
2
Celeno
(2005, Israel, $116M)
Gainspan
(2006, United States, $86.8M)
CSR
(1999, Canada, $19.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Recent Funding Rounds
Eta Compute (2015, United States)
$12.5M - Series C - Dec 2020
System on Chips
50
58
Back to index
Embedded Systems (Wixsite)
(# Cos: 459 | $1.9B)
Embedded Hardware (Kalray)
(# Cos: 158 | $976M)
System on Chips (Eta Compute)
(# Cos: 8 | $123M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$12.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$123M
7
-
8
1
Eta Compute
(2015, United States, $31.9M)
ChipWrights
(2000, United States, $45.6M)
DesignArt Networks
(2006, Israel, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Semiconductors - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
US Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Israel Tech
Key News in FinTech
Events in Bay Area
Angel Investors in United States
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of DoorDash
Competitors of Freshworks
Cap Table for TransferWise
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
US Tech - Top Business Models Report
US Tech - Monthly Report
59

60. Semiconductors - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore other Reports on Tracxn
HRTech
InsurTech
Food Tech
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
FinTech Europe
Consumer Digital SEA
HiTech US
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA
FinTech
Enterprise Applications
Artificial Intelligence
Geo Monthly Reports
US Tech
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
60

61. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Semiconductors - Top Business Models Report
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or
sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any
portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the
Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com