110 companies raise $1.9 billion; VCs focus on power semis, automotive, and battery startups. Chinese investment remains strong.
Investors funneled $1.9 billion into startups last month. The total was down from the previous few months for companies tracked by Semiconductor Engineering, but still a strong showing for the chip industry and related technologies.
By market segment, power devices were a bright spot in August’s funding, with 12 companies receiving new financing rounds. A manufacturer of multilayer ceramic chip capacitors drew nearly $300 million, the month’s largest round.
Other areas with lots of activity were automotive and batteries, where 20 startups making ADAS, autonomous driving systems, or supplying parts for vehicles raised a collective $265 million. The largest round went to a startup enabling object identification in harsh weather conditions. On the battery side, 14 companies collectively raise $375 million. These companies covered the entire spectrum, from mining raw materials and manufacturing precursors, to recycling and re-using them once they’ve reached the end of their useful life.
Investments in China outpaced the rest of the market. Chinese companies represent about 75% of those covered in this report, and took the two largest rounds for the month.
Other areas of focus include data center storage management, microLED-based chip-to-chip interconnects, chiplets, and a new type of qubit feature.
-110 chip industry companies receiving funding.
-Funding amount (when disclosed), funding round, funding source(s), company’s key product offerings, and headquarter’s country.
-Summary table sortable by company name, sector, amount raised, funding type or country.
-An in-depth look at China’s startup funding.
Find a list of companies cited in this report in the tags below.
The complete funding report (48 pages) is available here.
See sample report from prior months below.
Related Reading
Startup Funding: July 2022 (open access)
Massive rounds for batteries and quantum computing; 106 startups raised $4 billion.
Startup Funding: June 2022 (open access)
Analog foundry expansion; EDA investments; 112 startups raise over $2.6B.
All Prior Funding Reports for 2021 and 2022 can be found here.
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