Post-IPO Equity Funded Hardware Startups
Across these 13 post-IPO equity hardware rounds, one disclosed deal stands out: Crossroads Systems raised $180M on 2022-07-11, far above the next-largest d…
Across these 13 post-IPO equity hardware rounds, one disclosed deal stands out: Crossroads Systems raised $180M on 2022-07-11, far above the next-largest disclosed amounts of $122M (8x8, 2022-01-18) and $100M (Comtech Telecommunications, 2021-10-18). Several other rounds cluster in the double-digit to high-$40M range (e.g., Luminar $20M on 2022-01-20; Allot $40M on 2022-02-15), while at least one round is much smaller ($3M CyanConnode on 2022-04-06). The disclosed rounds also show a temporal bend: entries run from 2021-09-27 (Rewalk Robotics) through 2022-10-20 (Vertiv), with multiple mid-2022 financings concentrated between 2022-07-06 and 2022-07-11 (Mynaric $11M, Crossroads Systems $180M). Geographically, the list is not single-city dominated; the U.S. appears repeatedly (e.g., Gogo in Chicago, 2022-09-15 at $18M; 8x8 in San Jose, 2022-01-18 at $122M), alongside Canada (Siyata Mobile, 2022-10-10 at $4M) and the U.K. (CyanConnode, 2022-04-06 at $3M).
Most recent rounds
13 shownRelated listings
Frequently asked
Which disclosed round is the size outlier in this post-IPO equity hardware set?
Crossroads Systems’ $180M round on 2022-07-11 is the only disclosed amount in the $100M+ range, dwarfing the next-largest disclosed deals: 8x8 ($122M on 2022-01-18) and Comtech Telecommunications ($100M on 2021-10-18).
Do the most recent rounds cluster into a narrow window, or are they spread out?
They’re spread, but there’s a noticeable mid-year pocket: Mynaric ($11M, 2022-07-06) and Crossroads Systems ($180M, 2022-07-11) land within five days. More broadly, rounds span from 2021-09-27 (Rewalk Robotics) to 2022-10-20 (Vertiv).
Are there many small-dollar disclosed rounds, and where do they sit relative to the rest?
CyanConnode’s disclosed $3M on 2022-04-06 is the smallest disclosed amount in the list, while most other disclosed deals sit above $7M (e.g., Fastbrick Robotics $7M on 2021-11-25; Siyata Mobile $4M on 2022-10-10).
What does the geography distribution look like: is there a single hub or multiple countries represented?
The set includes repeated U.S. entries (e.g., Gogo in Chicago at $18M on 2022-09-15; Luminar in Orlando at $20M on 2022-01-20), but it also spans multiple countries in the same “hardware post-IPO equity” bucket, including Canada (Siyata Mobile, $4M on 2022-10-10) and the U.K. (CyanConnode, $3M on 2022-04-06).
How often are amounts disclosed vs. undisclosed in these 13 rows?
10 of the 13 rows show disclosed amounts, with 1 undisclosed entry (Vertiv on 2022-10-20). The remaining disclosed rounds cover a wide range from $3M (CyanConnode, 2022-04-06) up to $180M (Crossroads Systems, 2022-07-11).
Are there any countries/cities that appear more than once, or is each location effectively unique here?
Cities in the data are largely unique across rows (e.g., San Jose for 8x8 at $122M on 2022-01-18, Chicago for Gogo at $18M on 2022-09-15), while the broader pattern is repeated country representation—primarily the United States—rather than a single repeated city.
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