Radar · Embedded Systems in United States
Best Embedded Systems Companies in United States
The 191 best Embedded Systems companies in United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Celestial AI.
By Riya SenguptaFinancials
191companies tracked
$3Bdisclosed funding
0unicorns
68have raised
Ranked by disclosed equity funding and recent momentum, the 191 Embedded Systems companies we track across the United States have pulled in $3.0B in total disclosed capital — and the revenue picture behind that number is worth your attention. Ambarella Inc leads validated filings at $391M in revenue, up 37% year-over-year. Atmel Corp sits at $348M. Together with the other filers, they form a combined revenue pool of roughly $795M, against a sector median of just $24M across six filers growing at 10% annually. So the spread is real and wide. The global market behind all of it sits at $86.9B as of 2023, forecast to reach $150.0B by 2032 at a 5.8% CAGR, driven by smart metering rollouts and falling microcontroller prices.
On the funding side, Celestial AI ($370M) and SiMa.ai ($330M) are the standout raises in the directory, with Mythic ($178M) and Particle ($130M) also showing meaningful scale. No unicorns yet, which I find telling given the revenue Atmel and Ambarella are actually printing. Security concerns around embedded deployments are the structural headwind here, a regulatory shadow that's only grown as connected device counts climb. Median net income across the sector is $756,000, but Atmel Corp clears $23M, roughly 30 times that figure. Applied Micro Circuits Corp runs at 14 times. The outliers aren't flukes; they're the floor you're measuring everyone else against.
Sources & further reading
- Embedded Systems Market Sales to Top ( USD 173.4 Billion by 2032 )
- Latest News Embedded Systems Market to See Huge Growth by 2029
Ranked: Best Embedded Systems companies in United States
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Celestial AI Developer of optical interconnect technology for artificial intelligence infrastructure systems 83Funding top 21%Innovation top 25%Growth top 25%Patents top 25% All 12 signals ▾Fundingtop 21% Innovationtop 25% Growthtop 25% Patentstop 25% Moattop 26% Newstop 27% AItop 30% Talenttop 38% Partnerstop 40% Techtop 44% Markettop 48% Globalbottom 39% Funding: Raised $370M across 6 rounds · 6 rounds over 5 yrs (1.2/yr) Innovation: 190 patents (top 25% of patent-holders) · 190 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 83/100 | $370M | 15 mo ago | 100 | Preet Virk Co-Founder | Cart FunctionalitySquarespace CommerceSquarespace+18 | 14 signals ▲180% M&A · Contracts · Capital raise | 190 patents Patents concentrated in electrical & electronics | — |
| 2 | SiMa.ai Developer of hardware and software platform for physical artificial intelligence 69Funding top 15%AI top 22%Moat top 31%Partners top 32% All 12 signals ▾Fundingtop 15% AItop 22% Moattop 31% Partnerstop 32% Talenttop 38% Techtop 41% Markettop 45% Producttop 45% Growthtop 47% Newstop 49% Innovationbottom 48% Globalbottom 37% Funding: Raised $330M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) AI: Classified as an AI company · Product described with: artificial intelligence, computer vision, machine learning rank vs industry peers · Fliar Intelligence Index 69/100 | $330M | 2 mo ago | 161 | Krishna Rangasayee Founder and CEO | WordPressApple iCloud MailGoogle Workspace+27 | 4 signals ▼43% Funding · Capital raise | — | 2 launchs · 2 partnerships |
| 3 | Phononic Providing solid state thermal management solutions | $230M | 58 mo ago | 109 109 → 125 (+15%) · sector median +8% | Tony Atti Co-Founder & CEO | WordPressMySQLPHP+31 | 3 signals Contracts | 96 patents Thermoelectric cooling and moisture control for refrigerated transport and cold-chain logistics | 2 awards |
| 4 | Mythic Developer of analog compute-in-memory solutions for artificial intelligence inference acceleration 67Funding top 17%AI top 25%Patents top 37%News top 37% All 11 signals ▾Fundingtop 17% AItop 25% Patentstop 37% Newstop 37% Innovationtop 43% Moattop 44% Markettop 47% Growthtop 47% Techtop 47% Talentbottom 49% Globalbottom 42% Funding: Raised $178M across 9 rounds · 9 rounds over 10 yrs (0.9/yr) AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) rank vs industry peers · Fliar Intelligence Index 67/100 | $178M | 6 mo ago | 360 | Dave Fick CTO & Co-Founder | WordPressApple iCloud MailGoogle Workspace+25 | 3 signals Funding | 104 patents Patents concentrated in computing, sensing & instrumentation | — |
| 5 | Crossbar Non-volatile RRAM memory technology 42Moat top 19%Funding top 26%Patents top 27%Innovation top 33% All 7 signals ▾Moattop 19% Fundingtop 26% Patentstop 27% Innovationtop 33% Marketbottom 46% Globalbottom 43% Techbottom 15% Moat: Editorial + unicorn rating 8/10 · IP moat: 561 patents Funding: Raised $136M across 7 rounds · 7 rounds over 14 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $136M | 31 mo ago | 57 | — | — | — | 561 patents Secure hardware crypto wallets and PUF‑based authentication using RRAM memory. | — |
| 6 | Achronix Manufacturer of AI-based field-programmable gate arrays and IPs | $132M | 158 mo ago | 26 | Virantha Ekanayake Co-Founder & CTO | DrupalMariaDBPHP+25 | — | — | 1 launch |
| 7 | Particle Developer of a prototype to production connectivity platform for IoT 55Tech top 23%Funding top 24%Customers top 24%News top 30% All 12 signals ▾Techtop 23% Fundingtop 24% Customerstop 24% Newstop 30% Moattop 35% Growthtop 40% Producttop 47% Talentbottom 49% Marketbottom 47% Patentsbottom 39% Globalbottom 39% Innovationbottom 35% Tech: 67 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Funding: Raised $130M across 8 rounds · 8 rounds over 12 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $130M | 15 mo ago | 109 109 → 110 (+1%) · sector median +8% | Zach Supalla Co-Founder & CEO | Cart FunctionalityShopifyApple iCloud Mail+31 | 4 signals M&A · Funding | 5 patents Pharma skin‑inflammation formulations, audio speaker hardware, VR headset devices, graphic‑design software. | 1 launch |
| 8 | Tilera Scalable multicore embedded processor design company | $127M | 167 mo ago | 137 | — | — | — | 76 patents On-chip mesh interconnects and cache-coherence for manycore processors | — |
| 9 | WINSYSTEMS Provides embedded computing products and solutions | $125M | 79 mo ago | 48 48 → 52 (+8%) · sector median +8% | Jerry Winfield Founder & CEO | Cart FunctionalityWooCommerceWordPress+25 | — | — | 2 launchs |
| 10 | Mocana IoT device and application security platform | $118M | 87 mo ago | 28 | — | — | — | 140 patents Secure IoT device authentication, firmware/package integrity, and blockchain-based lifecycle management | — |
| 11 | T-RAM Semiconductor Provider of thyristor random access memory | $86M | 254 mo ago | — | Homan Igehy Founder | — | — | — | — |
| 12 | Flex Logix Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and… | $82M | 62 mo ago | 67 | Dejan Markovic Co-Founder | — | — | 155 patents High‑throughput AI/ML hardware accelerators for MAC and FFT tensor processing | — |
| 13 | Alif Semiconductor Provider of processors and microcontrollers for AI computing | $72M | 78 mo ago | 141 | Syed Ali Co-Founder & CEO | Cart FunctionalityWordPressApple iCloud Mail+32 | — | — | — |
| 14 | Triscend Provider of configurable SoCs and micro-controllers | $67M | 302 mo ago | — | Moshe Gavrielov CEO | — | — | — | — |
| 15 | Convey Computer Provider of hybrid-core computing solution | $62M | 147 mo ago | 23 | — | — | — | — | — |
| 16 | Edge Impulse Platform offering AI-powered chat automation and intelligent business solutions | $53M | 54 mo ago | 102 | Zach Shelby Co-Founder & CEO | WebflowSentryApple iCloud Mail+29 | — | — | — |
| 17 | Analog Inference Analog Inference is a provider of AI inference accelerators | $50M | 36 mo ago | 45 | Carey Kloss CEO | — | — | — | — |
| 18 | NGD Systems Developer of SSD storage systems | $45M | 76 mo ago | 34 | — | WordPress Block EditorWordPressMySQL+16 | — | — | — |
| 19 | Anadigm Provider of field programmable analog arrays (FPAA) | $41M | 272 mo ago | 2 | Richard Riker CEO | — | — | 2 patents Patents concentrated in computing, sensing & instrumentation | — |
| 20 | ChipWrights Developer of System-on-Chips for embedded video and audio applications | $40M | 263 mo ago | 11 | — | — | — | — | — |
| 21 | Expedera Provider of AI accelerators | $38M | 27 mo ago | 13 | Sharad Chole Co-Founder | WordPressMySQLPHP+27 | — | 48 patents Hardware-accelerated neural network and matrix processing for image warping and scalable ML. | 1 award |
| 22 | DeGirum Developer of an AI platform, software, and hardware acceleration solutions 57AI top 30%Funding top 35%Growth top 35%Talent top 38% All 10 signals ▾AItop 30% Fundingtop 35% Growthtop 35% Talenttop 38% Techtop 39% Patentstop 41% Innovationtop 43% Moattop 47% Globalbottom 35% Marketbottom 28% AI: Classified as an AI company · Product described with: artificial intelligence Funding: Raised $37.2M across 6 rounds · 6 rounds over 6 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $37M | 11 mo ago | — | Shashi Chilappagari Co-Founder | GitBookNode.jsRadix UI+14 | — | 63 patents High‑performance matrix multiplication hardware and ring‑network interconnects for AI accelerators | — |
| 23 | Xilinx Provider of processors, graphics, adaptive SoCs, FPGAs, software, and tools | $37M | 161 mo ago | 2,069 | Bernie Vonderschmitt Co-Founder | — | — | 6,893 patents Programmable logic devices, FPGA architectures, high-speed I/O, and hardware acceleration. | — |
| 24 | Smart Modular Technologies Provider of end-to-end data center solutions for AI and HPC | $35M | 254 mo ago | 3,000 | — | Orchard CorePleskWindows Server+22 | — | 105 patents Secure, reliable memory modules and snapshot/backup technologies for volatile and non‑volatile storage | — |
| 25 | Eta Compute Manufacturer of the SoCs for edge computing and embedded systems | $32M | 66 mo ago | 16 16 → 8 (-50%) · sector median +8% | — | — | — | — | — |
| 26 | JETCOOL Technologies Developer of direct-to-chip liquid cooling modules for high-power electronics | $29M | 32 mo ago | 19 | Bernie Malouin Founder & CEO | WordPress Block EditorwpBakeryWordPress+31 | — | 2 patents Advanced immersion and conformal cooling solutions for high‑performance electronic assemblies | 2 launchs · 1 partnership |
| 27 | Bluespec Provider of electronic design synthesis tools for integrated circuits & FPGAs | $27M | 40 mo ago | 33 | — | EmotionReactGatsby+12 | — | 5 patents Multi-clock domain hardware design, synthesis, and verification tools | — |
| 28 | Centri Data Compression and encryption based data protection solution | $26M | 141 mo ago | 15 | — | — | — | 13 patents Network security, remote monitoring, and data compression for telecom and optical communication systems. | — |
| 29 | Rapport Develops multicore processors for embedded systems | $26M | 223 mo ago | — | Joe Inkenbrandt Founder | — | — | — | — |
| 30 | VaST Systems Developer of virtual prototyping platform for automotive and consumer application space | $24M | 226 mo ago | — | Graham Hellestrand Founder & CEO | — | — | — | — |
| 31 | Prioria Small & Micro UAVs for military, public safety and commercial purposes | $20M | 141 mo ago | 24 | Bryan Da Frota Co-Founder & CEO | — | — | 2 patents Real-time onboard image analysis and object recognition for embedded vision systems | — |
| 32 | Akash Systems Developer of thermal management solutions integrating diamonds with semiconductor technology | $18M | 83 mo ago | 16 | Ty Mitchell Founder and Managing Director | WebflowGSAPLenis+14 | — | — | 8 job openings |
| 33 | Innovasic Provider of application specific integrated circuits | $17M | 230 mo ago | 22 | — | — | — | 61 patents Industrial Ethernet interface modules and packet traffic management hardware | — |
| 34 | Nuvotronics Provides technology solutions for wafer-level additive manufacturing | $17M | 131 mo ago | 78 78 → 67 (-14%) · sector median +8% | — | WordPressMySQLPHP+26 | — | 166 patents Advanced wafer-level and chip-scale packaging, substrate‑free interconnects, and high‑frequency board connectors. | 1 launch |
| 35 | Dover Microsystems Provider of embedded security IP solution for RISC-based embedded system | $16M | 35 mo ago | 11 | Bryan Berthy CEO | — | — | 78 patents Hardware security metadata processing and policy enforcement for secure system initialization | — |
| 36 | Ambarella Manufacturer of AI-enabled image processors | $15M | 47 mo ago | 244 | Fermi Wang CEO | DrupalPHPAmazon Web Services+19 | 24 signals Earnings · New product | 193 patents Advanced video/image processing and sensor‑fusion for automotive ADAS and security cameras | 1 partnership · 1 award |
| 37 | Accelsius Developer of two-phase direct-to-chip liquid cooling systems for data centers | $15M | 5 mo ago | 27 | Josh Claman CEO | WordPressMySQLPHP+29 | 6 signals ▲20% Funding · M&A · Earnings | 17 patents Microfluidic heat‑exchange cooling systems for optoelectronic devices | — |
| 38 | NovuMind Develops hardware for training and running AI models | $15M | 114 mo ago | 21 | — | — | — | 3 patents Patents concentrated in computing, sensing & instrumentation | — |
| 39 | Eridan Provider of a wireless transceiver 32Funding top 35%Tech top 43%Talent bottom 49%Growth bottom 42% All 8 signals ▾Fundingtop 35% Techtop 43% Talentbottom 49% Growthbottom 42% Moatbottom 38% Marketbottom 37% Globalbottom 32% Newsbottom 18% Funding: Raised $15.1M across 5 rounds · 5 rounds over 13 yrs (0.4/yr) Tech: 29 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 32/100 | $15M | 17 mo ago | 43 | Earl McCune Co-Founder & CTO | WordPressMySQLPHP+26 | — | — | 1 job opening · 3 partnerships · 1 expansion |
| 40 | e-con Systems Manufacturer of cameras, camera modules, vision kits, and embedded platforms | $13M | 37 mo ago | 529 529 → 652 (+23%) · sector median +8% | Maharajan Veerabahu Co-Founder | Cart FunctionalityApple iCloud MailMicrosoft 365+19 | — | — | — |
| 41 | JITX Provider of AI-powered software to design PCBs | $12M | 44 mo ago | 15 15 → 14 (-7%) · sector median +8% | Patrick Li Co-Founder | Webflow EcommerceWebflowApple iCloud Mail+25 | — | — | — |
| 42 | Packet Digital Developer of batteries for UAVs | $12M | 97 mo ago | 21 21 → 51 (+143%) · sector median +8% | — | WordPress Block EditorWordPressApple iCloud Mail+20 | — | 41 patents On-demand power management ICs for solid-state memory and storage devices. | — |
| 43 | AlphaICs Provider of processors for datacenters and multiple AI based applications | $10M | 76 mo ago | 19 | Basoor Basavaraju ex-Co-Founder | — | — | 14 patents Patents concentrated in computing, sensing & instrumentation | — |
| 44 | Celsia Manufacturer of custom heat sink, heat pipe, and vapour chambers | $10M | 191 mo ago | — | — | WordPressMySQLPHP+31 | 5 signals Buyback · Earnings · Announcements | 8 patents Motion-adaptive display interfaces and real-time fluid dynamics visualization for interactive graphics | — |
| 45 | QuickLogic Developer of low power field programmable gate arrays | $9M | 92 mo ago | 54 | Brian C Faith CEO & President | WordPressMySQLPHP+19 | 12 signals ▲20% Announcements · Earnings · Leadership | 47 patents Low-power programmable logic devices with integrated memory and test/configuration features | — |
| 46 | Zerynth Provider of middleware for IoT devices | $8M | 43 mo ago | 50 | — | WordPressMySQLPHP+39 | — | — | — |
| 47 | Deepwave Digital Provider of AI-based embedded digital signal processor boards | $6M | 26 mo ago | 9 | John Ferguson Founder & CEO & President | — | — | — | — |
| 48 | Altia Provider of development services and code generation tools for embedded displays | $3M | 46 mo ago | 64 64 → 71 (+11%) · sector median +8% | Mike Juran Co-Founder & CEO | WordPressMySQLPHP+27 | — | 3 patents Forensic capture/replay of UI streams and automated embedded UI design validation. | 1 job opening · 1 launch |
| 49 | Coherent Logix Provider of low power, C-programmable, multi-core processors | $3M | 39 mo ago | 65 | Michael Doerr President and CEO | — | — | 554 patents Patents concentrated in computing, sensing & instrumentation | — |
| 50 | ZutaCore Provider of waterless liquid cooling solutions for artificial intelligence and computing | $397K | 15 mo ago | 48 | Erez Freibach Co-Founder & CEO | HubSpot CMS HubApple iCloud MailGoogle Workspace+20 | — | — | 2 job openings |
Top 12 Embedded Systems companies in United States
#1
Series C · San Jose, California · founded 2018 · 161 employees$330Mraised▾
Series C · San Jose, California · founded 2018 · 161 employees
Developer of hardware and software platform for physical artificial intelligence. The company offers a machine learning system-on-chip, boards, and development kits. The hardware and software are designed for robotics, automotive, industrial, government, retail, and healthcare sectors. The company's platform supports computer vision, large language models, and multimodal models.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 15%AI
top 22%Moat
top 31%Partners
top 32%Talent
top 38%Tech
top 41%Funding: Raised $330M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) · Last round Series C (Apr 2026)
AI: Classified as an AI company · Product described with: artificial intelligence, computer vision, machine learning
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
Audience (LinkedIn): 25k LinkedIn followers — 6.8% of this cohort's audience
Activity (LinkedIn): 2 product launches · 2 partnerships (incl. Mistral Solutions (a subsidiary of AXISCADES)) announced in 12 mo
Funding rounds
- Apr 2026Series C—
- Aug 2025Series C$85M
- Apr 2024Series B$70M
- Jun 2023Series B$13M
Founders & team
Investors
Dell Technologies Capital, Amplify Partners, Wing Venture Capital, ND Capital, Fidelity Investments, Alter Venture Partners
Tech stack
Amazon Web ServicesAmerican ExpressApple Icloud MailAuth0Cart FunctionalityCdnjs
#2
Series D · Austin, Texas · founded 2012 · 360 employees$178Mraised▾
Series D · Austin, Texas · founded 2012 · 360 employees
Developer of analog compute-in-memory solutions for artificial intelligence inference acceleration. The company provides processors and cards designed for power-efficient AI at the edge. Its technology aims to eliminate memory bottlenecks, enabling new AI applications. The products target sectors including robotics, security, and consumer devices.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Funding
top 17%AI
top 25%Patents
top 37%News
top 37%Innovation
top 43%Moat
top 44%Funding: Raised $178M across 9 rounds · 9 rounds over 10 yrs (0.9/yr) · Last round Series D (Dec 2025)
AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) · Product described with: artificial intelligence
Patents: 104 patents matched (strict assignee match) · 44 filings since 2022 vs 60 in 2017-21 · Latest publication 2026
Audience (LinkedIn): 17k LinkedIn followers — 4.7% of this cohort's audience
Funding rounds
- Dec 2025Series D$125M
- Mar 2023Series C$13M
- May 2021Series C$70M
- May 2019Series B$3M
Founders & team
Investors
BlackRock, Hewlett Packard Pathfinder, Alumni Ventures, UDC Ventures, DFJ, Lux Capital
Tech stack
AddtoanyAddtoany Share ButtonsAmazon Web ServicesAnimate.CssApple Icloud MailBeaver Builder
#3
Acquired · Santa Clara, California · founded 2020 · 100 employees$370Mraised▾
Acquired · Santa Clara, California · founded 2020 · 100 employees
Developer of optical interconnect technology for artificial intelligence infrastructure systems. The company’s technology aims to improve artificial intelligence system performance through optical interconnectivity. It focuses on enabling efficient scaling of artificial intelligence to advance progress in various fields. The company’s platform is designed for integration into next-generation artificial intelligence systems.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Funding
top 21%Innovation
top 25%Growth
top 25%Patents
top 25%Moat
top 26%News
top 27%Funding: Raised $370M across 6 rounds · 6 rounds over 5 yrs (1.2/yr) · Last round Series C (Feb 2025)
Innovation: 190 patents (top 25% of patent-holders) · 190 filings since 2022 vs 0 in 2017-21 · Deep-tech classification: Artificial Intelligence, Tech Hardware
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 20k LinkedIn followers — 5.5% of this cohort's audience
Funding rounds
- Feb 2025Series C$250M
- Mar 2024Series C$175M
- Jun 2023Series B$100M
- Dec 2021Series A$56M
Founders & team
Investors
Koch Disruptive Technologies, Xora Innovation, Engine, Tyche Partners, M Ventures, Fitz Gate Ventures
Tech stack
AngularApple Icloud MailCart FunctionalityCloudflareCloudflare Bot ManagementCore-Js
#4
Series B · Austin, Texas · founded 2022 · 27 employees$15.2Mraised▾
Series B · Austin, Texas · founded 2022 · 27 employees
Developer of two-phase direct-to-chip liquid cooling systems for data centers. The company's systems use dielectric refrigerant and are designed for high-density server environments. The cooling solutions are built with redundant components and leak detection. The company focuses on streamlined design and thermal performance to reduce energy consumption.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers
Funding rounds
- Jan 2026Series B$65M
- Oct 2025Series A$65M
- Nov 2024Series A$24M
- Oct 2023Series A$15M
Founders & team
Investors
Innventure, Johnson Controls, Legrand
Tech stack
Animate.CssAutomatic.CssBricksCalendlyCloudflareCloudflare Bot Management
#5
Acquired · San Francisco, California · founded 2011 · 109 employees$129.9Mraised▾
Acquired · San Francisco, California · founded 2011 · 109 employees
Developer of a prototype to production connectivity platform for IoT. Its Photon Wi-Fi and the Electron 2G3G cellular are primary prototyping platforms for integrating connectivity into devices. The product is primarily aimed at designers and developers rather than at enterprises.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Tech
top 23%Funding
top 24%Customers
top 24%News
top 30%Moat
top 35%Growth
top 40%Tech: 67 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Nginx
Funding: Raised $130M across 8 rounds · 8 rounds over 12 yrs (0.7/yr) · Last round Series C (Mar 2025)
Customers: App rating 4.2★ (289 reviews) · Marquee-customer mentions: top 30% of tracked companies
Audience (LinkedIn): 24k LinkedIn followers — 6.7% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Mar 2025Series C$5M
- Dec 2022Series C$12.2M
- Nov 2021Series C$30M
- Nov 2019Series C$40M
Founders & team
Investors
O'Reilly AlphaTech Ventures, Root Ventures, HAX, Collab Fund, Spark Capital, Qualcomm Ventures
Tech stack
AceAmazon CloudfrontAmazon S3Amazon Web ServicesAmerican ExpressApple Icloud Mail
#6
Series A · Santa Clara, California · founded 2017$37.2Mraised▾
Series A · Santa Clara, California · founded 2017
Developer of an AI platform, software, and hardware acceleration solutions. The company provides tools for building, deploying, and scaling edge artificial intelligence applications. It offers a Python software development kit for running inference across supported hardware. The platform includes cloud model management, deployment workflows, and a cloud compiler for model optimization. Application packages deliver ready-to-run solutions.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
AI
top 30%Funding
top 35%Growth
top 35%Talent
top 38%Tech
top 39%Patents
top 41%AI: Classified as an AI company · Product described with: artificial intelligence
Funding: Raised $37.2M across 6 rounds · 6 rounds over 6 yrs (1.0/yr) · Last round Series A (Jul 2025)
Growth: Fresh capital in last 24 mo
Funding rounds
- Jul 2025Series A$5M
- Apr 2024Series A$6M
- Jul 2023Series A$7M
- Apr 2023Seed—
Founders & team
Tech stack
CloudflareGitbookGodaddyGoogle AnalyticsHstsHttp/3
#7
Series B · Santa Clara, California · founded 2013 · 43 employees$15.1Mraised▾
Series B · Santa Clara, California · founded 2013 · 43 employees
Provider of a wireless transceiver. It offers wireless transceivers for IoT, satellite, small cells, defense, massive MIMO, and other applications. The device has 5G networking capability and is claimed to have the capability to operate at normal power efficiencies.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Funding
top 35%Tech
top 43%Talent
bottom 49%Growth
bottom 42%Moat
bottom 38%Market
bottom 37%Funding: Raised $15.1M across 5 rounds · 5 rounds over 13 yrs (0.4/yr) · Last round Grant (prize money) (Jan 2025)
Tech: 29 technologies across 4/8 capability areas · Cloud: Cloudflare · Security: Cloudflare Bot Management, Http/3
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 4k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Test & Automation Engineer
Activity (LinkedIn): 3 partnerships · 1 expansions (incl. Sony) announced in 12 mo
Funding rounds
- Jan 2025Grant (prize money)$36.8M
- Dec 2024Grant (prize money)$36.8M
- Aug 2024Series B$3.1M
- May 2022Series B—
Founders & team
Investors
Capricorn, Mountain View Capital, Social Capital, Diamond Edge Ventures, DARPA, NTIA
#8
Series D · Santa Clara, California · founded 2010 · 57 employees$135.8Mraised▾
Series D · Santa Clara, California · founded 2010 · 57 employees
Non-volatile RRAM memory technology. It develops a class of non-volatile resistive random-access memory system. It allows the delivery of high storage on small chips with low power, high performance, and compatibility with standard CMOS semiconductor manufacturing processes.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Moat
top 19%Funding
top 26%Patents
top 27%Innovation
top 33%Market
bottom 46%Global
bottom 43%Moat: Editorial + unicorn rating 8/10 · IP moat: 561 patents · Soonicorn
Funding: Raised $136M across 7 rounds · 7 rounds over 14 yrs (0.5/yr) · Last round Series D (Nov 2023)
Patents: 561 patents matched (strict assignee match) · 86 filings since 2022 vs 174 in 2017-21 · Latest publication 2026
Funding rounds
- Nov 2023Series D$5.2M
- Aug 2019Series D$20.1M
- Nov 2018Series D$15.4M
- Oct 2017Series D$14.5M
Investors
Artiman, CBC Capital, University of Michigan, Tao Capital Partners, Kleiner Perkins, NLVC
Tech stack
Apache Http ServerPwaOpen Graph
#9
Series B · Santa Clara, California · founded 2018 · 13 employees$38Mraised▾
Series B · Santa Clara, California · founded 2018 · 13 employees
Provider of AI accelerators. It is based on a compute pipeline architecture and provides hardware scheduling and memory management solutions for neural network executions and AI applications. It has use cases in consumer electronics, automotive, industrial, and mobile applications.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 1 awards announced in 12 mo
Funding rounds
- Mar 2024Series B$20M
- Dec 2021Series A$18M
Founders & team
Investors
Indie Semiconductor, Ignite Innovation
Tech stack
AkismetAosCloudflareCloudflare Bot ManagementCookieyesCore-Js
#10
Series F · Durham, North Carolina · founded 2009 · 109 employees$230Mraised▾
Series F · Durham, North Carolina · founded 2009 · 109 employees
Providing solid state thermal management solutions. It utilizes thermoelectric capabilities of semi conductors to create products that can convert heat into electricity or use electricity to eliminate heat. Phononic has developed solid state pump which can replace compressors in high end refrigeration requirement like in labs and medical facilities.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 2.0% of this cohort's audience
Activity: 2 awards announced in 12 mo
Funding rounds
- Jul 2021Series F$50M
- Jun 2020Conventional Debt—
- Nov 2016Series E$40M
- Sep 2016Series E$30M
Founders & team
Investors
Venrock, Oak Investment Partners, Tsing Capital, National Bank Financial Wealth Management, UBS, GGV Capital
Tech stack
BunnyCart FunctionalityCloudflareCloudflare Bot ManagementCookiebotCookieyes
#11
Acquired · Littleton, Massachusetts · founded 2019 · 19 employees$28.7Mraised▾
Acquired · Littleton, Massachusetts · founded 2019 · 19 employees
Developer of direct-to-chip liquid cooling modules for high-power electronics. These modules target hot spots on processors, enhancing thermal management at the chip level. The company's technology is integrated into products ranging from cold plates to fluid-to-die modules. This eliminates thermal pastes, reducing thermal resistance for performance in high-power devices.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 14k LinkedIn followers — 3.9% of this cohort's audience
Activity: 2 product launches · 1 partnerships (incl. Dell Technologies Partner) announced in 12 mo
Funding rounds
- Oct 2023Series A$17M
- May 2023Grant (prize money)—
- Oct 2022Series A$7.3M
- Jun 2021Series A$3.2M
Founders & team
Investors
DOE, Robert Bosch Venture Capital, In-Q-Tel, Raptor Group, Schooner Capital, MIT Startup Exchange
Tech stack
CloudflareCloudflare Bot ManagementContact Form 7DocusignGodaddy CoblocksGoogle Font Api
#12
Series A · Santa Clara, California · founded 2018 · 45 employees$50.5Mraised▾
Series A · Santa Clara, California · founded 2018 · 45 employees
Developer of deep sub-threshold analog in-memory computation designed to run complex networks at full resolution with low latency and no active cooling. The company's computation performs data-center-grade artificial intelligence workloads at orders of lower power, enabling users to deploy server-class networks in cost-effective devices.
Founders & team
Investors
Khosla Ventures, MFV Partners, New Science Ventures, Metaplanet, Alumni Ventures, Triphammer Ventures
Funding & investor landscape
$3Btotal disclosed funding
65companies funded
222disclosed rounds
1rounds last 90 days
Most active investors
Notable founders
Krishna Rangasayee
Founder and CEO · SiMa.ai
Niki Sami
Managing Director · SiMa.ai
Dave Fick
CTO & Co-Founder · Mythic
Preet Virk
Co-Founder · Celestial AI
David Lazovsky
Co-Founder & CEO · Celestial AI
Josh Claman
CEO · Accelsius
Zach Supalla
Co-Founder & CEO · Particle
Shashi Chilappagari
Co-Founder · DeGirum
Winston Lee
CEO · DeGirum
Earl McCune
Co-Founder & CTO · Eridan
Sharad Chole
Co-Founder · Expedera
Siyad Ma
VP Engineering and Co-founder · Expedera
Common questions
How many Embedded Systems companies are there in United States?
Radar tracks 191 indexable Embedded Systems companies headquartered in United States that meet our profile-completeness bar.
What is the total funding raised by Embedded Systems companies in United States?
The Embedded Systems companies in United States on this list have raised a combined $3B in disclosed equity funding across 65 funded companies.
Which is the highest-funded Embedded Systems company in United States?
Celestial AI is the highest-funded Embedded Systems company in United States, with $370M in disclosed equity funding.
How many Embedded Systems companies in United States are funded?
65 of the 191 Embedded Systems companies in United States on this list have disclosed at least one equity funding round.
How many Embedded Systems unicorns are there in United States?
None of the Embedded Systems companies in United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in United States Embedded Systems companies?
The most active investors in United States Embedded Systems companies on this list include Europa, National Science Foundation, In-Q-Tel, OSTI, VentureTech Alliance.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.