Undisclosed Funded Hardware Startups
Among the 10 most recent hardware entries with disclosed amounts, ARG, Inc.
Among the 10 most recent hardware entries with disclosed amounts, ARG, Inc. leads with a $85M disclosed round on 2022-08-22, which dwarfs the rest of the disclosed figures. The next-largest disclosed amounts are $33M (Lumafield, 2022-04-13) and $28M (Cloudastructure, Inc, 2021-07-13), while several others sit at $4M or below (e.g., Guerrilla RF at $4M on 2021-11-17; Phosio Corporation at $50K on 2022-06-01).
The rounds shown span 2021-07-13 (Cloudastructure, Inc) to 2022-09-12 (Concept3D), with a dense mid-2022 cluster: 6 of the 10 entries fall between 2022-03-30 and 2022-09-08 (including Lumafield on 2022-04-13, Sateliot on 2022-04-08, and Space Elements on 2022-09-08). Geographically, the list is highly dispersed (U.S., U.K., Spain all appear), with no single city repeating across entries, while the disclosed amounts are paired with an all-undisclosed funding-status pattern in the table (10 of 10 rows are marked Undisclosed).
Most recent rounds
10 shownRelated listings
Frequently asked
What stands out on deal size, and how does the largest disclosed round compare to the rest?
ARG, Inc. has the largest disclosed amount at $85M (2022-08-22), and it is far above the next-largest disclosed rounds of $33M (Lumafield, 2022-04-13) and $28M (Cloudastructure, Inc, 2021-07-13). Several other disclosed amounts are much smaller, including $4M (Guerrilla RF, 2021-11-17) and $50K (Phosio Corporation, 2022-06-01).
Do these undisclosed hardware rounds cluster in time within the window shown?
Yes. 6 of the 10 entries are dated between 2022-03-30 and 2022-09-08, including 2mee at $700K (2022-03-30), Lumafield at $33M (2022-04-13), Sateliot at $2M (2022-04-08), and Space Elements at $300K (2022-09-08). The oldest date shown is 2021-07-13 (Cloudastructure, Inc, $28M), while the most recent is 2022-09-12 (Concept3D, $410K).
Are any countries or cities over-represented in this list of hardware rounds?
The list is spread across regions rather than concentrated: the U.S. appears multiple times (e.g., Concept3D in Boulder, CO on 2022-09-12; Guerrilla RF in Greensboro, NC on 2021-11-17; Altoida, Inc. in Washington, DC on 2021-09-08), alongside one U.K. entry (2mee, Heslington, York on 2022-03-30) and one Spain entry (Sateliot, Barcelona on 2022-04-08). No city repeats exactly across entries in the 10 rows shown.
Is there an identifiable outlier beyond deal size in geography or amount?
The biggest outlier is size itself: ARG, Inc.’s $85M on 2022-08-22 is the only disclosed round above $50M in the rows shown. The smallest disclosed amount is Phosio Corporation at $50K (2022-06-01), sitting far below the cluster of mid-single-digit millions (e.g., Guerrilla RF at $4M on 2021-11-17; Sateliot at $2M on 2022-04-08).
What does the funding-status pattern look like across these most recent entries?
All 10 rows are labeled Undisclosed in the funding-status column, so there is no mix of disclosed stage types in this view (Concept3D 2022-09-12 through Cloudastructure, Inc 2021-07-13). The analysis here therefore relies on disclosed amounts rather than stage labels.
Which disclosed amounts fall into the mid-range versus the extremes?
Several entries cluster in the tens of millions range with Lumafield at $33M (2022-04-13) and Cloudastructure, Inc at $28M (2021-07-13), while the extremes are handled by ARG, Inc. at $85M (2022-08-22) and Phosio Corporation at $50K (2022-06-01). Between them are smaller disclosed amounts such as Guerrilla RF at $4M (2021-11-17) and Sateliot at $2M (2022-04-08).
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