Best Semiconductors Companies in Belgium
The 119 best Semiconductors companies in Belgium in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: MICLEDI microdisplays.
Belgium's Semiconductors sector doesn't get the headlines its funding suggests it deserves. This directory ranks 119 tracked companies building semiconductor technology in Belgium, ordered by disclosed equity funding and recent momentum. Total disclosed capital across the cohort sits at $205M, spread across a field with no unicorns yet and a handful of firms pulling well ahead of the pack.
The numbers that matter: MICLEDI microdisplays leads at $38M raised, e-peas follows at $32M, and Ampacimon has pulled in $15M. So when you're sizing up who's actually capitalized to compete, those three names set the floor for serious contention. The global semiconductor market was valued at roughly $483.2B in 2020 and is forecast to reach $580.2B by 2026 at a 3.0% CAGR, which I'd argue makes even Belgium's modest $205M pool look strategically well-timed. Globally, momentum is building fast, with India's domestic chip manufacturing push signaling how urgently governments are racing to secure supply chains. Belgium's cluster, backed by investors like Capricorn Partners and the EIC Fund, is quietly positioning itself inside that same structural shift.
Our analysis of 219 Semiconductors companies
$47.9b in tracked funding; 70% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Semiconductors companies in Belgium
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | MICLEDI microdisplays Provider of Augmented Reality services for the manufacturing of micro-LED display chips | $38M | 27 mo ago | 5 | 2018 | Alexander Mityashin Co-Founder & COO | 53 patents Integrated microdisplay driver ICs, on-chip power regulation, and color calibration for high‑resolution microdisplays | — |
| 2 | e-peas Developer of power management integrated circuits for energy harvesting applications | $32M | 27 mo ago | 15 | 2014 | Julien Vos Co-Founder | 66 patents Power‑management ICs for energy harvesting, voltage conversion, and image‑zoom control | — |
| 3 | Spectricity Provider of hyperspectral imaging solutions | $24M | 58 mo ago | 20 20 → 37 (+85%) · sector median +42% | 1999 | Jonathan Borremans Founder | 65 patents Patents concentrated in computing, sensing & instrumentation | 3 job openings |
| 4 | Noho System to monitor lymphedema care | $18M | 108 mo ago | 2 | 2015 | Victor Matia Co-Founder | — | — |
| 5 | Ampacimon Provider of software and sensor solutions for electrical grid monitoring | $15M | 32 mo ago | 29 29 → 72 (+148%) · sector median +42% | 2010 | Stephan Heberer CEO | 54 patents Drone-based inspection and protection systems for high‑voltage power line monitoring and safety | 2 partnerships · 1 award |
| 6 | Calyos Developer of passive two-phase cooling systems for electronics | $13M | 18 mo ago | 25 | 2012 | Olivier Laet CEO | 27 patents Thermal management solutions for data center servers and power electronics | 2 partnerships |
| 7 | Swave Provider of XR technology for the metaverse | $11M | 11 mo ago | 14 | 2022 | Theodore Marescaux Founder & CEO | 9 patents Spatial light modulators enabling holographic and 3D display technologies. | 1 job opening |
| 8 | VoxelSensors Developer of spatial and empathic computing technology using single photon sensors | $10M | 28 mo ago | 5 | 2020 | Frederic de Bex Co-Founder & CFO | — | 1 partnership |
| 9 | CMOSIS CMOS image sensors | $7M | 202 mo ago | 63 | 2007 | — | 66 patents Patents concentrated in electrical & electronics | — |
| 10 | Essensium Location awareness and position tracking systems IP provider | $7M | 244 mo ago | 38 38 → 33 (-13%) · sector median +42% | 2005 | Filip Buerms CEO | 10 patents Short-range wireless ranging transceiver front‑end and distance‑estimation circuitry | 1 launch |
| 11 | Aloxy IoT solution for the petrochemical industry | $6M | 16 mo ago | 1 | 2017 | Glenn Ergeerts co-founder and CTO | 9 patents IoT power consumption tracking and industrial valve state monitoring systems | 1 award |
| 12 | EpiGaN Manufacturer of engineered semiconductor substrates | $6M | 101 mo ago | 13 | 2010 | — | 47 patents III‑V and SiC-on‑Si heterointegration for high‑electron‑mobility and power RF devices | — |
| 13 | Caliopa Optical transceivers for data and telecom applications | $4M | 136 mo ago | 8 | 2010 | Martin De Prycker Founder & CEO | 18 patents Integrated photonic circuits and low‑loss optical coupling technologies for telecom and sensing | — |
| 14 | QustomDot Manufacturer of quantum dot LED solution | $3M | 36 mo ago | 10 10 → 17 (+70%) · sector median +42% | 2020 | Igor Nakonechnyi Founder and Director | 23 patents Synthesis and surface engineering of core‑shell quantum dots and nanoparticle ligands | — |
| 15 | VOCSens Provider of IoT based gas sensing solutions | $3M | 56 mo ago | 4 | 2018 | Thomas Walewyns Co-Founder & CBO | 2 patents Multi-sensor resistive measurement and calibration for VOC detection devices | — |
| 16 | XenomatiX Provider of LiDAR-based range determining sensors | $3M | 51 mo ago | 26 26 → 35 (+35%) · sector median +42% | 2012 | Filip Geuens CEO | 86 patents Patents concentrated in computing, sensing & instrumentation | 1 launch |
| 17 | Mindcet Custom power management ASICS and IC design solutions | $717K | 65 mo ago | 16 16 → 24 (+50%) · sector median +42% | 2011 | — | 3 patents Patents concentrated in computing, sensing & instrumentation | — |
| 18 | Hipperos Provider of embedded software for parallel computing and embedded systems | $534K | 124 mo ago | — | 2014 | Ben Rodriguez Founder & CEO | — | — |
| 19 | nSilition Developer of application-specific integrated circuits | $532K | 65 mo ago | 5 | 2006 | — | — | — |
| 20 | FBGS Develops optical sensors for measuring strain and temperature | $438K | 65 mo ago | 22 22 → 38 (+73%) · sector median +42% | 2005 | Hugo Mertens CEO | — | — |
| 21 | Open Engineering Software for MEMS and transducer design and analysis | $420K | 42 mo ago | 8 | 2001 | — | — | — |
| 22 | Quad Industries Develops and manufactures hardware for user interfaces and printed electronics | $356K | 85 mo ago | 19 19 → 27 (+42%) · sector median +42% | 1998 | — | — | — |
| 23 | Zensor IoT-based monitoring for industrial assets | $280K | 39 mo ago | 12 | 2013 | Yves Van Ingelgem Founder | 6 patents Smart sensor-based strain monitoring for fastened joints and mechanical assemblies | — |
| 24 | Luceda Photonics Development software and services for photonics developers | $176K | 65 mo ago | 12 | 2014 | Pieter Dumon Co-founder and CTO | — | 1 job opening · 2 launchs · 1 partnership |
Top 12 Semiconductors companies in Belgium
#1
Series A · Leuven, Flemish Region · founded 2022 · 14 employees$10.7Mraised▾
Provider of XR technology for the metaverse. Its solution projects holographic images and does not require XR headsets or other display hardware. It is applicable to high-resolution displays for metaverse, body motion tracking, and wearable devices.
- Jun 2025Series A$7M
- Jan 2025Series A$27.8M
- Jun 2023Seed$3.3M
- 2023Grant (prize money)—
#2
Series A · Charleroi, Wallonia · founded 2012 · 25 employees$13.1Mraised▾
Developer of passive two-phase cooling systems for electronics. These systems address thermal management challenges in various sectors, including e-mobility, computing, and renewable energy. The company designs and manufactures solutions using technologies such as heat pipes, loop heat pipes, and micro channel heat pipes. Their systems are designed to be cost-effective, lightweight, and energy-efficient, eliminating the need for pumps and reducing the risk of short circuits. The focus is on high-performance cooling solutions for batteries, power electronics, embedded systems, and servers. Advanced modeling and simulation capabilities ensure accurate and reliable system design.
- Dec 2024Series A$4.2M
- Sep 2015Grant (prize money)$143.9K
- May 2014Series A$6.2M
- Apr 2012Series A$2.5M
#3
Series C · Antwerp, Flanders · founded 2017 · 1 employees$6.3Mraised▾
Aloxy, a spin-off of imec and the University of Antwerp, develops Internet of Things enabled solution for the petrochemical industry. The solution comprises of a plug-and-play device that can be attached to critical assets such as handwheel or valve lever for remotely monitoring its position, regular maintenance or the turnaround progress. The device is equipped with multiple inertial sensors that enable it to detect changes in the environmental temperature & atmospheric pressure, vibrations & movement, inclination & rotation, and magnetic fields. The company also provides a cloud platform to access the data collected by the sensor and gain actionable insights into the industrial operations. The company was a part of Plant 4.0 incubator 2017, an initiative from major industrial players in the process industry.
- Feb 2025Series C$8M
- Jun 2022Series B$4M
- Sep 2018Series A$2.3M
- 2017Seed—
#4
Series A · Leuven, Flemish Region · founded 2018 · 5 employees$38.5Mraised▾
Provider of Augmented Reality services for the manufacturing of micro-LED display chips
- Mar 2024Series A$25M
- Mar 2021Seed$8.5M
- Jan 2020Seed$5M
#5
Series C · Louvain la Neuve, Wallonia · founded 2014 · 15 employees$32.1Mraised▾
Developer of power management integrated circuits for energy harvesting applications. The company offers ambient energy managers designed for various energy sources. These integrated circuits manage power from energy harvesters to storage elements. The company's products support applications in smart homes, consumer electronics, and industrial IoT. The company also provides microcontrollers for data acquisition and processing.
- Mar 2024Series C$19M
- Jul 2020Series B$9M
- Jan 2019Grant (prize money)$626.4K
- Oct 2017Series A$4.1M
#6
Series C · Loncin, Wallonia · founded 2010 · 29 employees$15.2Mraised▾
Provider of software and sensor solutions for electrical grid monitoring. It offers dynamic line rating solutions to maximize grid capacity. It also provides partial discharge monitoring solutions for aging infrastructure, including continuous and spot testing options.
- Oct 2023Series C$10.5M
- Aug 2020Series A$4.7M
- Jun 2017Grant (prize money)$57K
- Jan 2017Grant (prize money)$57.1K
#7
Seed · Brussels, Brussels · founded 2020 · 5 employees$10.3Mraised▾
Developer of spatial and empathic computing technology using single photon sensors. This technology enables the development of AI agents that understand user context and environment through real-time acquisition of human contextual data. The company's low-bandwidth, low-power solution is optimized for wearable devices, focusing on attention-based data gathering to capture only relevant information. This approach allows AI assistants to anticipate user needs, distinguish between casual and genuine interest, and identify visual focus points. The core technology involves a combination of advanced sensors and an attention-triggered data processing system.
- Jan 2024Seed$3.2M
- May 2023Seed$5.4M
- 2020Seed$61.4K
#8
Series B · Mechelen, Flanders · founded 1999 · 20 employees$23.7Mraised▾
Provider of hyperspectral imaging solutions. It designs and develops CMOS-based integrated optical spectral sensing solutions in visible and near-infrared spectral range (400nm-1050nm). The product of the company has applications in multiple areas such as agriculture, food analysis, health, colourimetric and biomedical applications for industrial and consumer markets.
#9
Series A · Ghent, Flanders · founded 2020 · 10 employees$3.3Mraised▾
Manufacturer of quantum dot LED solution. It manufactures quantum dots that can be applied to LED, watches, mobile phones, and goggles. They are tiny semiconductors that transform UV light into other pure colors. It can also be used in smartphones, AR/VR goggles, and more.
- 2023Grant (prize money)$6.6M
- Sep 2022Grant (prize money)$705.3K
- Feb 2020Series A$3.3M
#10
Deadpooled · Brussels, Brussels · founded 2015 · 2 employees$17.8Mraised▾
Noho is a system for keeping track of pressure to be applied for lymphedema patients. Consists of a bandage with sensors to measure the pressure applied. The app collects the data and uploads to a global management platform. This data is then compared with the optimum pressure gradient that should be applied in order to reduce the lymphedema.
- Jun 2017Series A$17.8M
#11
Seed · Leuven, Flemish Region · founded 2012 · 26 employees$2.8Mraised▾
Provider of LiDAR-based range determining sensors. It develops hardware and software solutions to enable vision for automotive applications. The technology helps the vehicle understand the road and surrounding conditions in real-time in all weather and light conditions. The technology works using a laser-based, solid-state vision system to create a high-resolution point-cloud, providing accurate information about the road conditions and obstacles.
- Mar 2022Grant (prize money)$2.8M
- Feb 2021Seed—
#12
Seed · Ottignies Louvain la Neuve, Wallonia · founded 2018 · 4 employees$2.9Mraised▾
VOCSens provides IoT based gas sensing solutions. Offers EnviCam which is an environmental camera that uses LPWAN technologies and provides indoor & outdoor monitoring solutions and transforms physicochemical parameters into pre-processed data. Provides environmental monitoring and industrial emissions control for the agriculture, food, chemical, wastewater, pharmaceutical & other industries. Partners include Prayon, UCL, Lhoist, Opinum, and more.
- Oct 2021Seed$2.9M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Semiconductors coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
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.