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Radar · Semiconductors in Indiana

Best Semiconductors Companies in Indiana, United States

The 44 best Semiconductors companies in Indiana, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: PURSPEC.

44companies tracked
$16.3Mdisclosed funding
0unicorns
4have raised
FLIAR INTELLIGENCE · SEMICONDUCTORS × INDIANA

Our analysis of 69 Semiconductors companies

$22.3b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

69companies analysed
88%cloud-native stacks
2025funding peak (by rounds)
8unicorns
2016median founding year
245kcombined LinkedIn audience
89%of audience held by top 3
4companies hiring publicly (12 mo)

Ranked: Best Semiconductors companies in Indiana

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackPatents & IP focusRecent signals
1PURSPEC
Manufacturer of high-end portable mass spectrometry instruments
$14M27 mo agoSeries AZheng Ouyang
Founder
2015———
2Ateios
Manufacturer of high-energy, recyclable, PFA-free electrodes for battery makers
$1M5 mo agoSeries ACarlos Munoz
Founder
2017Node.jsVue.jsNuxt.js+8——
3SYSCON International
Provider of manufacturing execution system
$600K84 mo agoEarly StageTownsend Tom Thomas
Founder
1969———
4Indiana Integrated Circuits
Provider of nautical equipment for boats and yachts
$455K110 mo agoSeedJason Kulick
President
2009—52 patents
Adiabatic low-power flip‑flops/memory and fiber‑optic array alignment/packaging solutions
—
5Sugarcube Systems
Innovating micro/nanotechnologies with AI-powered STEM education tools
$175K133 mo agoFunding RaisedSean Murdock
Founder
2013———
6Adaptive Microwave
Virtualization and automation software optimizing computing for consumers, businesses, and cloud
——DeadpooledBob Kniskern
CEO
1980———
7Advantage Acre
Provider of digital soil analysis tool for hybrid trials
——UnfundedCraig Newman
CEO & President
2014———
8aem group
AEM Group specializes in the design, qualification, and sales of electronic components and assemblies.
——Private—1978———

Top 5 Semiconductors companies in Indiana

#1
Series A · Indianapolis, Indiana · founded 2017 · 10 employees
$1.2Mraised
▾

Manufacturer of high-energy, recyclable, PFA-free electrodes for battery makers. The company provides electrodes designed for faster production speeds. These electrodes are chemistry-agnostic and intended as a drop-in solution. The electrodes are designed to be environmentally friendly and easy to recycle.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Mar 2026Series A$7.2M
  • Apr 2025Seed$1M
  • Dec 2024Grant (prize money)$350K
  • Oct 2020Seed$1.2M
Founders & team
Carlos MunozFounderRajan KumarFounder & CEO
Investors
Techstars, America’s Seed Fund, Good Growth Capital, Keshif Ventures, Elevate Ventures, HG Ventures
Tech stack
AosCloudflareCore-JsGoogle Font ApiHttp/3Microsoft 365
#2
Series A · West Lafayette, Indiana · founded 2015
$13.8Mraised
▾

Manufacturer of high-end portable mass spectrometry instruments. This company develops and produces mass spectrometry products for real-time, accurate, and simple detection in field testing and scientific research. They offer a variety of portable mass spectrometry instruments, including an ambient ionization ion source and an analyzer for structural lipidomics. The company's products are the result of extensive research and development collaborations with leading universities.

Funding rounds
  • May 2024Series A$13.8M
  • May 2017Grant (prize money)$713K
Founders & team
Zheng OuyangFounder
Investors
Tsinghua Holdings, HHS, Elevate Ventures, Guoqian Medical Technology
#3
Early Stage · South Bend, Indiana · founded 1969
$600Kraised
▾

Manufacturer of temperature controlling products. The company's products include digital pyrometers, thermal analysis sampling cups and thermocouple tips, enabling clients to avail quality products.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 557 LinkedIn followers
Founders & team
Townsend Tom ThomasFounder
Tech stack
Hubspot Cms HubHubspotJqueryGoogle Tag ManagerCloudflare Bot ManagementHsts
#4
Seed · South Bend, Indiana · founded 2009 · 4 employees
$455Kraised
▾

Provider of nautical equipment for boats and yachts. It offers a wide selection of products for various vessels. The company maintains both an online store and a physical retail location, ensuring convenient access for customers. It also provides seasonal discounts and promotions on select items. The business focuses on supplying high-quality, reliable nautical equipment to enhance the boating experience.

Funding rounds
  • Jun 2017Grant (prize money)$148.5K
  • Mar 2016Seed—
  • Jul 2015Seed$455K
  • Dec 2014Grant (prize money)$150K
Founders & team
Jason KulickPresident
Investors
1st Source Bank, Silicon Pastures, SBIR and STTR, Semi, OSTI
Tech stack
WordpressMysqlPhpLitespeedHttp/3
#5
Funding Raised · West Lafayette, Indiana · founded 2013
$175Kraised
▾

Innovating micro/nanotechnologies with AI-powered STEM education tools. The company focuses on measurement, control, and design tools for micro and nanotechnologies. It is also developing a personalized, self-paced tutoring tool using artificial intelligence. This tool assesses students' understanding of word problems and teaches the skill of translating them into mathematical expressions. The AI identifies areas of weakness and creates associated drills. The initial application is supplementary material for undergraduate thermodynamics courses, but the process applies to STEM education at all levels. This innovative approach aims to improve STEM attraction, retention, and diversity through personalized, AI-driven learning.

Funding rounds
  • Jul 2015Grant (prize money)—
  • Apr 2015Grant (prize money)—
  • Jan 2015Grant (prize money)$175K
Founders & team
Sean MurdockFounder
Investors
National Science Foundation, IEDC, Elevate Ventures

Funding & investor landscape

$16.3Mtotal disclosed funding
5companies funded
12disclosed rounds
0rounds last 90 days
Most active investors
Elevate Ventures3 rounds
1st Source Bank1 rounds
America’s Seed Fund1 rounds
CARAT Venture Partners1 rounds
Charmides Capital1 rounds
E&A Companies1 rounds
E81 rounds
Good Growth Capital1 rounds
Guoqian Medical Technology1 rounds
HG Ventures1 rounds

Notable founders

Carlos Munoz
Founder · Ateios
Rajan Kumar
Founder & CEO · Ateios
Zheng Ouyang
Founder · PURSPEC
Townsend Tom Thomas
Founder · SYSCON International
Jason Kulick
President · Indiana Integrated Circuits
Sean Murdock
Founder · Sugarcube Systems
Prism market signals · United States · country-scoped Prism corpus, 933,153 docs

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

RESEARCH SIGNALS · United States

How research on Semiconductors is moving in the United States

A read on the academic research around Semiconductors — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 8,739 United States-affiliated papers.

research sentiment over time
200820172026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 42% → 60% across 2008–2026.
top research entities
  • Georgia Institute of Technology489
  • IMEC343
  • Intel325
  • Purdue University West Lafayette218
  • Industrial Technology Research Institute177
leading researchers
Sung Kyu Lim · Krishnendu Chakrabarty · John H. Lau · David Z. Pan · Pradeep Lall · Muhannad S. Bakir · Philip G. Neudeck · Dae Hyun Kim
▲ Breakthroughs3,231 · 37%
▲ 32%→44% share
▲1.4× share momentum3 median citations38% since 2021mostly methods-led
Breakthroughs are rising (32%→44% of field), led by Photonics.
rising sub-themes (early→recent)
  • Photonics56→121
  • Photonic integrated circuit49→81
  • Artificial neural network3→29
  • Detector25→48
  • Scalability53→73
Newly emergingLithium niobate 0→8 · Convolutional neural network 0→8 · Adaptability 0→6
Landmark Stretchable and Foldable Silicon Integrated Circuits · 1,653 cites
◆ Advancements3,498 · 40%
▼ 43%→36% share
▼0.8× share momentum3 median citations28% since 2021mostly methods-led
Advancements are cooling (43%→36% of field), led by Photonics.
rising sub-themes (early→recent)
  • Photonics45→59
  • Artificial neural network2→14
  • Rapid single flux quantum2→12
  • Detector20→29
  • Image sensor2→11
Newly emergingReinforcement learning 0→7 · Reconfigurability 0→6 · Photocathode 0→6
Landmark A Review of GaN on SiC High Electron-Mobility Power Transistors and MMICs · 965 cites
▼ Concerns1,032 · 12%
▼ 13%→11% share
▼0.8× share momentum2 median citations30% since 2021mostly empirical
Concerns are cooling (13%→11% of field), led by Photonics.
rising sub-themes (early→recent)
  • Photonics10→28
  • Hardware security module6→13
  • Thermal10→16
  • Automotive industry2→8
  • Photonic integrated circuit9→14
Newly emergingExploit 0→9 · Software deployment 0→5
Landmark A Survey of Hardware Trojan Taxonomy and Detection · 1,365 cites
RESEARCH HOTSPOTS · United States

Where semiconductors is researched across United States

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Atlanta491 · +0.54
Hot · Three-dimensional integrated circuitAdvancing · InterposerOpportunity · Circuit designConcern · Through-silicon via
SF Bay Area314 · +0.57
Hot · TemplateAdvancing · GermaniumOpportunity · Thermal conductivityConcern · Scaling
Boston284 · +0.65
Hot · Photonic integrated circuitAdvancing · Operational amplifierOpportunity · Common emitterConcern · Photonics
Los Angeles274 · +0.57
Hot · Monolithic microwave integrated circuitAdvancing · PlacementOpportunity · Artificial neural networkConcern · Electromigration
New York195 · +0.58
Hot · Intellectual propertyAdvancing · Test compressionOpportunity · MicrowaveConcern · Hardware security module
Austin146 · +0.52
Hot · IC layout editorAdvancing · Multiple patterningOpportunity · Code (set theory)Concern · Finite element method
Pittsburgh123 · +0.64
Hot · Design for manufacturabilityAdvancing · Data miningOpportunity · Field-programmable gate arrayConcern · Integrated circuit layout
San Diego108 · +0.54
Hot · Standard cellAdvancing · Scan chainOpportunity · CMOSConcern · Dielectric
Ann Arbor87 · +0.68
Hot · MultiplexerAdvancing · OutsourcingOpportunity · PhotonicsConcern · CMOS
Chicago71 · +0.63
Hot · Semiconductor detectorAdvancing · DiffusionOpportunity · Detector
PATENT SIGNAL · United States

Who's filing semiconductors patents in the United States

United States semiconductors patent filing is cooling — 112,775 filings from 8,000 assignees (2016–2025), led by IBM, Applied Materials, Intel; annual filings 11572→7675.

112,775 filings8,000 assigneespeak 13822/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • IBM19691
  • Applied Materials13119
  • Intel11689
  • Micron Technology10011
  • Texas Instruments4804
  • LAM RES4667
  • Sandisk Technologies3051
  • Qualcomm2897

Common questions

How many Semiconductors companies are there in Indiana, United States?
Radar tracks 44 indexable Semiconductors companies headquartered in Indiana, United States that meet our profile-completeness bar.
What is the total funding raised by Semiconductors companies in Indiana, United States?
The Semiconductors companies in Indiana, United States on this list have raised a combined $16.3M in disclosed equity funding across 5 funded companies.
Which is the highest-funded Semiconductors company in Indiana, United States?
PURSPEC is the highest-funded Semiconductors company in Indiana, United States, with $13.8M in disclosed equity funding.
How many Semiconductors companies in Indiana, United States are funded?
5 of the 44 Semiconductors companies in Indiana, United States on this list have disclosed at least one equity funding round.
How many Semiconductors unicorns are there in Indiana, United States?
None of the Semiconductors companies in Indiana, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Indiana, United States Semiconductors companies?
The most active investors in Indiana, United States Semiconductors companies on this list include Elevate Ventures, 1st Source Bank, America’s Seed Fund, CARAT Venture Partners, Charmides Capital.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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