Top 16 Electronics Unicorns in 2024

Updated:

January 22, 2024

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Unicorns

The Electronics industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

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If you want to build the next unicorn in the Electronics space, these 16 companies should be your inspiration.

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16 Electronics Unicorns Companies

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1,190 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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1) Bitmain Technologies

Bitmain designs and manufactures hardware and software for high performance computing.

Details of the startup:

  • Valuation: $12.00B (July 2018)

  • Country: China

  • State: Beijing

  • City: Beijing

  • Started in: 2013

  • Founders: Jihan Wu, Micree Zhan

  • Number of employees: 100-250

  • Funding: $450.00M

  • Funding rounds: 3

  • Number of investors: 14

You can find their website here.

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2) Northvolt

Northvolt delivers clean energy by developing and recycling sustainable batteries for renewable power storage.

Details of the startup:

  • Valuation: $9.08B (June 2019)

  • Country: Sweden

  • City: Stockholm

  • Started in: 2016

  • Founders: Paolo Cerruti, Peter Carlsson

  • Number of employees: 1,000-5,000

  • Funding: $6,162.15M

  • Funding rounds: 9

  • Number of investors: 47

You can find their website here.

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3) Royole Corporation

Royole develops advanced display technology for next-generation AR devices and smart devices.

Details of the startup:

  • Valuation: $6.00B (August 2015)

  • Country: China

  • State: Guangdong

  • City: Shenzhen

  • Started in: 2012

  • Founders: Bill Liu

  • Number of employees: 500-1,000

  • Funding: $1,414.00M

  • Funding rounds: 7

  • Number of investors: 15

You can find their website here.

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4) Chipone

Chipone Technology is a chip design business specializing in the development of display chips for LED and liquid crystal displays.

Details of the startup:

  • Valuation: $4.73B (December 2021)

  • Country: China

  • State: Beijing

  • City: Beijing

  • Started in: 2008

  • Number of employees: 1,000-5,000

  • Funding: $1,023.88M

  • Funding rounds: 1

  • Number of investors: 8

You can find their website here.

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5) Sila Nanotechnologies

Sila Nanotechnologies is an industry leader in the manufacturing of higher purity lithium ion batteries that result in enhanced performance for EV’s.

Details of the startup:

  • Valuation: $3.30B (April 2019)

  • Country: United States

  • State: California

  • City: Alameda

  • Started in: 2011

  • Founders: Alex Jacobs, Gene Berdichevsky, Gleb Yushin, Mike Speiser

  • Number of employees: 100-250

  • Funding: $240.25M

  • Funding rounds: 5

  • Number of investors: 13

You can find their website here.

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6) Astera Labs

Astera Labs is a semiconductor company that specialises in connecting intelligent systems.

Details of the startup:

  • Valuation: $3.20B (November 2022)

  • Country: United States

  • State: California

  • City: Santa Clara

  • Started in: 2017

  • Founders: Casey Morrison, Jitendra Mohan, Sanjay Gajendra

  • Number of employees: 101-250

  • Funding: $206.35M

  • Funding rounds: 4

  • Number of investors: 9

You can find their website here.

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7) SiFive

SiFive is an open-source semiconductor technology and software automation platform.

Details of the startup:

  • Valuation: $2.50B (March 2022)

  • Country: United States

  • State: California

  • City: San Mateo

  • Started in: 2015

  • Founders: Krste Asanovic, Yunsup Lee

  • Number of employees: 251-500

  • Funding: $365.50M

  • Funding rounds: 6

  • Number of investors: 15

You can find their website here.

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8) Star Charge

Star Charge focuses on developing and manufacturing the new energy vehicle charging equipment.

Details of the startup:

  • Valuation: $2.41B (May 2021)

  • Country: China

  • State: Jiangsu

  • City: Changzhou

  • Started in: 2014

  • Founders: Shao Danwei

  • Number of employees: 1,000-5,000

  • Funding: $125.58M

  • Funding rounds: 2

  • Number of investors: 6

You can find their website here.

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9) Trumid

Trumid helps to build data products to facilitate pricing and information discovery for the credit community.

Details of the startup:

  • Valuation: $2.40B (July 2020)

  • Country: United States

  • State: New York

  • City: New York

  • Started in: 2014

  • Founders: Ronnie Mateo

  • Number of employees: 100-250

  • Funding: $711.73M

  • Funding rounds: 8

  • Number of investors: 25

You can find their website here.

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10) JOLLY Information Technology

Jollychic is a premier online fashion destination, offering the latest looks straight from the runways for women and men.

Details of the startup:

  • Valuation: $1.50B (May 2018)

  • Country: China

  • State: Zhejiang

  • City: Hangzhou

  • Started in: 2008

  • Number of employees: 250-500

  • Funding: $100.12M

  • Funding rounds: 5

  • Number of investors: 10

You can find their website here.

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11) Next Silicon

NextSilicon provides a new approach to HPC architecture that drives the industry forward by solving its biggest, most fundamental problems.

Details of the startup:

  • Valuation: $1.50B (June 2021)

  • Country: Israel

  • City: Tel Aviv

  • Started in: 2018

  • Founders: Elad Raz

  • Number of employees: 100-250

  • Funding: $226.60M

  • Funding rounds: 4

  • Number of investors: 19

You can find their website here.

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12) JMGO

JMGO specialises in the research and development and production of smart projectors and laser TV.

Details of the startup:

  • Valuation: $1.26B (March 2022)

  • Country: China

  • State: Guangdong

  • City: Shenzhen

  • Started in: 2011

  • Founders: Chen Xingbo, Eric Hu

  • Number of employees: 11-50

  • Funding: $377.40M

  • Funding rounds: 5

  • Number of investors: 15

You can find their website here.

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13) Density

Density builds the technical infrastructure for cities, buildings, and spaces to measure how they're used.

Details of the startup:

  • Valuation: $1.05B (November 2021)

  • Country: United States

  • State: California

  • City: San Francisco

  • Started in: 2014

  • Founders: Andrew Farah, Ben Redfield, Brian Weinreich, Jordan Messina, Robert Grazioli, Steven VonDeak

  • Number of employees: 50-100

  • Funding: $217.20M

  • Funding rounds: 9

  • Number of investors: 30

You can find their website here.

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14) TensTorrent

Tenstorrent is a computing company that develops processors designed to help in faster training and adaptability to future algorithms.

Details of the startup:

  • Valuation: $1.00B (May 2021)

  • Country: Canada

  • State: Ontario

  • City: Toronto

  • Started in: 2016

  • Founders: Ivan Hamer, Ljubisa Bajic, Milos Trajkovic

  • Number of employees: 100-250

  • Funding: $221.03M

  • Funding rounds: 6

  • Number of investors: 7

You can find their website here.

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15) Groq

Groq radically simplifies compute to accelerate workloads in artificial intelligence, machine learning, and high-performance computing.

Details of the startup:

  • Valuation: $1.00B (April 2021)

  • Country: United States

  • State: California

  • City: Mountain View

  • Started in: 2016

  • Founders: Jonathan Ross

  • Number of employees: 100-250

  • Funding: $362.55M

  • Funding rounds: 6

  • Number of investors: 22

You can find their website here.

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16) EcoFlow

EcoFlow designs, develops, and manufactures environmentally friendly and cost-effective portable power stations for home and business use.

Details of the startup:

  • Valuation: $1.00B (June 2021)

  • Country: China

  • State: Guangdong

  • City: Shenzhen

  • Started in: 2017

  • Founders: Eli Harris, Fan Zheng, Hannah Sieber, Lei Wang

  • Number of employees: 250-500

  • Funding: $470.52M

  • Funding rounds: 4

  • Number of investors: 13

You can find their website here.