Corporate Round Funded Hardware Startups
Among the 10 most recent corporate rounds in Hardware shown here, the largest disclosed amount is OneWeb’s $300M on 2021-08-12, which dwarfs the next-large…
Among the 10 most recent corporate rounds in Hardware shown here, the largest disclosed amount is OneWeb’s $300M on 2021-08-12, which dwarfs the next-largest disclosed round (Neat’s $30M on 2021-09-08). With only two other disclosed amounts in double digits ($10M on 2022-06-22 for Near Earth Autonomy and $3M/$2M for Adaptix and Civo), most disclosed deals cluster at the low end while several entries remain undisclosed.
Date-wise, the disclosed-and-undisclosed mix spans 2021-08-12 (OneWeb) through 2022-10-11 (eSAT Global), and several rounds cluster in the UK (Civo in Stevenage, and Neat and OneWeb in Oslo/London) across 2021-08 to 2021-09. A disclosure pattern also stands out: 5 of 10 entries are “undisclosed” (eSAT Global 2022-10-11; Procenne 2022-08-24; Internxt 2022-04-25; HeroTel 2022-02-24 is disclosed as $100K; Falcon V Systems 2021-12-02 is disclosed as $100K; Adaptix 2021-10-15 is disclosed as $3M; Civo 2021-09-17 is disclosed as $2M; OneWeb 2021-08-12 is disclosed as $300M; Neat 2021-09-08 is disclosed as $30M).
Most recent rounds
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Frequently asked
What does the largest disclosed corporate round look like compared with the rest of the list?
OneWeb’s $300M (2021-08-12) is the only disclosed round above $50M, and it far exceeds Neat’s $30M (2021-09-08) and Near Earth Autonomy’s $10M (2022-06-22). The remaining disclosed amounts sit at $3M (Adaptix, 2021-10-15), $2M (Civo, 2021-09-17), and $100K each for HeroTel (2022-02-24) and Falcon V Systems (2021-12-02).
Do the rounds cluster in a specific time window when looking at the row dates?
Four rounds fall between 2021-08-12 and 2021-09-17 (OneWeb 2021-08-12, Neat 2021-09-08, Civo 2021-09-17, plus the next entry in the list being Adaptix on 2021-10-15). After that, the list continues into late 2022 with multiple corporate rounds dated 2022-10-11 (eSAT Global), 2022-08-24 (Procenne), and 2022-06-22 (Near Earth Autonomy).
Which locations appear most represented, and do any countries show up with multiple entries?
The UK shows up multiple times: Civo (Stevenage, UK) on 2021-09-17, Adaptix (Oxford, UK) on 2021-10-15, and OneWeb (London, UK) on 2021-08-12. Beyond the UK, the list is more spread out across the US (eSAT Global in San Diego on 2022-10-11 and Near Earth Autonomy in Pittsburgh on 2022-06-22) and Europe (e.g., Neat in Oslo and Falcon V Systems in Poland).
How concentrated is disclosed vs undisclosed funding amounts in this set?
Half of the 10 entries list amounts as “undisclosed” (eSAT Global on 2022-10-11; Procenne on 2022-08-24; Internxt on 2022-04-25; HeroTel is disclosed as $100K; Falcon V Systems is disclosed as $100K; the remaining entries are also disclosed amounts). That means the size-based comparisons are driven by 7 disclosed rounds, with the $300M and $30M figures acting as the main anchors.
Are there notable outliers in this hardware corporate-round set worth prioritizing?
Yes: OneWeb’s $300M (2021-08-12) is an outlier relative to the rest of the disclosed amounts, and two additional low-end disclosed rounds are much smaller than the middle of the distribution ($100K each for HeroTel on 2022-02-24 and Falcon V Systems on 2021-12-02). If screening for scale, the gap between $300M, $30M, and $10M is substantially larger than the gaps among the smaller disclosed amounts.
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