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Top 50 Hardware Security Module
Discover the top 50 Hardware Security Module startups. Browse funding data, key metrics, and company insights. Average funding: $31.7M.
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Liangan Technology develops a full range of post-quantum cryptographic products, including hardware security modules and key management systems, to protect sensitive data against emerging quantum computing threats. The company serves sectors such as government, finance, and healthcare, ensuring robust data security and compliance with national standards.
Bunkyr provides a hardware API that enables companies to implement robust data protection measures for their users. This technology addresses vulnerabilities in data security by ensuring that sensitive information is encrypted and securely managed during transmission and storage.
Founded 2021
Fangcun Microelectronics develops cryptographic processors, network security chips, and interface control chips to enhance data protection and secure communications in digital environments. Their technology addresses vulnerabilities in network security by providing robust hardware solutions that ensure the integrity and confidentiality of sensitive information.
Founded 2017
Axiado develops a Trusted Control/Compute Unit (TCU) that integrates hardware-based security features, including a root of trust and AI-driven threat detection, into a system-on-chip architecture. This technology provides real-time protection against network, peripheral, and physical side-channel attacks, addressing the increasing risks of ransomware and cybercrime in cloud and edge computing environments.
Funding: $95.3M
Rough estimate of the amount of funding raised
Maverick Silicon
Maverick Silicon
Funding: $95.3M
Rough estimate of the amount of funding raised
The startup offers a modular custody platform that integrates various key management technologies, including Multi-Party Computation (MPC), dMultisig, and Hardware Security Modules (HSMs). This solution enhances security and operational efficiency for web3 businesses by providing reliable custodial options tailored for developers and enterprises.
Provides regulated digital asset custody services for institutional clients, utilizing hardware security modules (HSM), multi-party computation (MPC) wallets, and blockchain-based segregation to ensure maximum security and compliance. Eliminates counterparty risk by enabling trading, borrowing, and lending directly from securely held assets, while supporting over 40 blockchains and 6,000 tokens.
Funding: $100.0M
Rough estimate of the amount of funding raised
Funding: $100.0M
Rough estimate of the amount of funding raised
VISS provides a hardware‑based isolation platform, the VISSBOX, that inserts a unidirectional optical data diode between a network and a protected computer, ensuring inbound traffic cannot deliver executable code. The device uses a sacrificial Victim Module with an immutable, cryptographically verified operating system that resets to a clean state on each power‑on, requiring no drivers or software updates and supporting Windows, macOS, and Linux across IT, OT, and defense workloads. It integrates with existing security stacks as a physics‑enforced trust anchor for high‑risk enterprise, industrial, and government environments.
Fortaegis designs and develops ultra-secure semiconductors, providing hardware-level security for collaborative intelligent systems. Their chips aim to protect sensitive data and ensure the integrity of AI-driven applications.
SEALSQ develops secure semiconductor chips, embedded firmware, and trusted hardware and software products to enhance data protection in connected devices. Their technology addresses vulnerabilities in digital security by providing robust solutions for secure communications and data integrity.
30+
1K+Approximate amount of employees
Funding: $25.0M
Rough estimate of the amount of funding raised
Funding: $25.0M
Rough estimate of the amount of funding raised
LEGIC offers a unified security platform for managing secure access across physical and digital environments. Their solutions enable the creation and deployment of secure credentials for smartcards and mobile wallets, supporting diverse industries like IoT and enterprise security.
Radical Semiconductor develops analog cryptographic IDs designed to protect against quantum and physically-invasive attacks. Their technology provides a robust security solution for sensitive data, ensuring integrity and confidentiality in an increasingly vulnerable digital landscape.
Founded 2019
The startup develops hardware-embedded cyber-physical security technology that utilizes the unique silicon fingerprint and chip entropy to generate secret keys for secure authentication and encryption. This technology ensures traceability of embedded systems and connected devices throughout the supply chain, enhancing security from production to deployment.
Bastion provides a regulated wallet and digital asset management API that enables businesses to create compliant crypto products while ensuring built-in regulatory adherence and security through advanced key management systems. By streamlining the integration process, Bastion reduces time to market by up to 95% and lowers compliance costs by 70%, allowing enterprises to efficiently manage digital assets and payments.
Funding: $25.0M
Rough estimate of the amount of funding raised
a16z crypto
a16z crypto
Funding: $25.0M
Rough estimate of the amount of funding raised
Secure-IC provides embedded cybersecurity solutions for connected devices, offering hardware IP cores, secure software, and lifecycle management tools. Their offerings protect systems from silicon to cloud against cyber-physical threats.
Funding: $22.6M
Rough estimate of the amount of funding raised
Alliance Entreprendre
Alliance Entreprendre
Funding: $22.6M
Rough estimate of the amount of funding raised
The startup provides hardware-based security services that deliver low-cost, platform-independent data protection and encryption solutions for secure data transmission. This technology enables clients to safeguard communications between mobile devices, network appliances, and servers, addressing the increasing demand for efficient and secure data transfer.
Founded 2020
Sitehop develops a hardware-enforced encryption system that provides ultra-low latency and low-power solutions for securing telecom and data networks. Their SAFE Series enables telecom service providers to create secure private networks without physical interconnections, ensuring the protection of critical data in motion while maintaining high performance.
Funding: $7.6M
Rough estimate of the amount of funding raised
Amadeus Capital PartnersManta Ray Ventures
Amadeus Capital PartnersManta Ray Ventures
Funding: $7.6M
Rough estimate of the amount of funding raised
The startup manufactures quantum random number generation chips that utilize quantum mechanics to produce truly random numbers. These chips enhance cryptographic communication security, minimizing unauthorized access in a networked environment.
Founded 2015
Bastogne provides sovereign edge‑compute platforms for naval vessels that operate offline and are hardened against electromagnetic and cyber threats. The turnkey hardware module integrates GPUs, CPUs, NVMe storage and rugged networking in an air‑gapped chassis, delivering scalable real‑time AI inference with secure boot and redundant power for uninterrupted operation even when satellite links are denied.
MPCH provides Enterprise Key Management infrastructure that combines cryptographic hardware, Multi-Party Computation, and military-grade physical security to protect digital assets for financial institutions and critical infrastructure. This solution ensures secure storage, management, and transaction of sensitive data, addressing the risks of unauthorized access and data breaches.
Funding: $40.0M
Rough estimate of the amount of funding raised
Liberty City Ventures
Liberty City Ventures
Funding: $40.0M
Rough estimate of the amount of funding raised
Yubico provides hardware-based authentication solutions, such as the YubiKey, that enable secure two-factor and passwordless login methods. This technology mitigates the risks of unauthorized access and credential theft by enhancing user authentication processes.
Funding: $204.3M
Rough estimate of the amount of funding raised
Funding: $204.3M
Rough estimate of the amount of funding raised
The startup develops a quantum-driven cybersecurity platform that generates unique, unforgeable cryptographic keys using principles of quantum physics and advanced cryptography, eliminating the need for key storage. This technology ensures robust end-to-end security for IoT devices, protecting client privacy against unauthorized access.
Funding: $15.2M
Rough estimate of the amount of funding raised
Acequia Capital (AceCap)Business Growth FundEIC Accelerator
Acequia Capital (AceCap)Business Growth FundEIC Accelerator
Funding: $15.2M
Rough estimate of the amount of funding raised
NIMserver offers secure, low-power computing hardware specifically designed for Web3 applications. Its integrated security CPUs and long-term secure key memory enable private data processing and the robust deployment of decentralized applications.
Robotic Autonomous Services provides AI‑enabled security hardware—including observation towers, wall‑mounted units, autonomous guard robots, access‑control modules, and mobile patrol robots—that continuously monitor sites with edge‑deployed computer‑vision for human, vehicle, mask, license‑plate and temperature detection. The devices stream encrypted video to a cloud analytics platform that offers real‑time alerts, programmable deterrence actions, and API integration, while hardware is sold outright and software, analytics, and support are delivered via subscription.
Sputee provides a private computing environment at the hardware level for data in use, ensuring that sensitive information remains secure during processing. This technology mitigates risks associated with data breaches and unauthorized access, enabling organizations to handle confidential data with confidence.
Founded 2023
FaradaySolutions provides the FaradayKey platform, a photonic authentication system that issues hardware‑rooted optical tokens with physically unclonable waveforms for secure access control. The solution includes lock hardware with integrated optical sensors, a cloud‑based management console, and RESTful/OPC‑UA APIs for integration with building‑automation and IoT systems, delivering quantum‑resistant security for high‑value facilities.
OSR provides a full‑stack cryptography portfolio—including algorithm IP (SM2/SM3/SM4, RSA, AES, SHA families), security component IP (true‑random number generators, tamper sensors, active shielding), and protocol‑acceleration IP for IPSec, TLS, and MACSec—optimized for automotive ECUs, AI accelerators, SSD controllers, MCUs, and IoT chips. It also offers evaluation instruments for functional, side‑channel, fault‑injection, and protocol testing, along with turnkey lab services and a GuoMi transformation suite that handles gap analysis, integration, certification, and runtime monitoring for Chinese cryptographic compliance.
Niobium develops hardware accelerators designed to significantly boost the performance of Fully Homomorphic Encryption (FHE) software. This custom PCIe hardware supports all major FHE schemes, enabling organizations to process sensitive data while it remains encrypted. The solution makes Zero Trust Computing feasible by providing high-speed, low-power acceleration for encrypted computation.
Funding: $6.4M
Rough estimate of the amount of funding raised
Fusion Fund
Fusion Fund
Funding: $6.4M
Rough estimate of the amount of funding raised
SecuriThings provides a centralized platform for managing and securing physical security devices across diverse environments, enabling real-time monitoring and automated firmware updates. This solution addresses the challenges of device downtime and cybersecurity threats, ensuring compliance and reducing operational costs for organizations.
Funding: $39.0M
Rough estimate of the amount of funding raised
U.S. Venture Partners
U.S. Venture Partners
Funding: $39.0M
Rough estimate of the amount of funding raised
BetahWorx provides a lightweight, platform‑agnostic software module that generates AES‑256 encryption keys in real time from onboard sensor entropy, eliminating stored keys on unmanned aerial, ground, and maritime vehicles. The solution supports TLS, DTLS, and IPsec for secure telemetry and encrypts onboard data, with automatic re‑keying and resynchronization over intermittent links while meeting FIPS 140‑2 and NATO STANAG 4609 standards.
QSA Technology supplies silicon‑nitride photonic chips that embed a physical unclonable function (PUF) to generate a unique optical fingerprint for each device, enabling zero‑knowledge, quantum‑resistant authentication without stored keys. The solution integrates with fiber, free‑space, and satellite optical links, delivering sub‑microsecond verification latency and native compatibility with Quantum Key Distribution (QKD) systems for telecom, aerospace, and industrial IoT applications.
This company develops custom silicon, the Verifiable Processing Unit (VPU), designed exclusively for accelerating cryptographic workloads. The VPU combines ASIC performance with GPU flexibility to boost primitives for next-generation cryptography algorithms. They provide a compiler and libraries to enable cryptographers to build high-performance, privacy-focused systems.
50+
2K+Approximate amount of employees
Funding: $52.0M
Rough estimate of the amount of funding raised
Funding: $52.0M
Rough estimate of the amount of funding raised
Station70 offers a secure platform for scalable digital asset key backup and recovery, utilizing zero-knowledge architecture and advanced cryptography to eliminate counterparty risk. The solution ensures compliance with global digital asset regulations while providing institutions with resilient infrastructure that supports their growth without compromising security.
Funding: $11.0M
Rough estimate of the amount of funding raised
Castle Island VenturesMatt Walsh
Castle Island VenturesMatt Walsh
Funding: $11.0M
Rough estimate of the amount of funding raised
CipherTrust provides an automated PKI platform that centralizes issuance, renewal, revocation, and inventory of digital certificates and cryptographic keys across on‑premises, cloud, and hybrid environments. The service integrates via native connectors and RESTful APIs, enforces policy through a configurable engine, and offers HSM‑backed key storage, RBAC, and immutable audit logs to support compliance with standards such as NIST, PCI‑DSS, and GDPR. It targets security and compliance teams in large enterprises and regulated sectors that require scalable, automated certificate management.
1000+
50K+Approximate amount of employees
Tangem manufactures smartcard wallets that utilize a secure microchip to generate and store non-extractable private keys offline, ensuring protection against hacking and unauthorized access. The wallets provide a user-friendly solution for managing cryptocurrencies, eliminating the need for seed phrases and enhancing self-custody for both novice and experienced users.
Funding: $23.0M
Rough estimate of the amount of funding raised
Shima Capital
Shima Capital
Funding: $23.0M
Rough estimate of the amount of funding raised
Hex Five develops MultiZone Security, a framework for creating high-grade security firmware tailored for embedded systems. This technology enables manufacturers to implement robust security measures efficiently, protecting devices from unauthorized access and vulnerabilities.
BitBox02 is a hardware wallet that securely stores cryptocurrency private keys offline, protecting them from online threats. Its accompanying BitBoxApp provides a user-friendly interface for managing Bitcoin and over 1,500 other cryptocurrencies, ensuring users maintain control of their digital assets without counterparty risk.
EVERSPIN has developed the world's first dynamic security module, which utilizes a continuously changing security framework to protect against cyber threats such as phishing and hacking. This technology, backed by 33 patents, provides financial institutions with robust defenses against evolving cybercrime, ensuring the safety of customer data and transactions.
Funding: $14.6M
Rough estimate of the amount of funding raised
Funding: $14.6M
Rough estimate of the amount of funding raised
Qubitrium develops quantum security solutions, including cryptographic key distribution and quantum sensors. Their technology aims to enhance data security and sensing capabilities using quantum mechanics.
Funding: $1.7M
Rough estimate of the amount of funding raised
ACT Venture Partners
ACT Venture Partners
Funding: $1.7M
Rough estimate of the amount of funding raised
Sodot provides a multi-party computation (MPC) infrastructure that enables crypto custody and wallet providers to generate and manage private keys with high performance and data privacy. This solution reduces time-to-market by over 40% while ensuring full operational independence and minimizing vendor risk for Web3 enterprises.
Funding: $3.0M
Rough estimate of the amount of funding raised
Entrée Capital
Entrée Capital
Funding: $3.0M
Rough estimate of the amount of funding raised
PQShield develops post-quantum cryptographic algorithms and protocols to secure technology infrastructures against the emerging threat of quantum computing. Their solutions enable organizations to modernize their cryptographic systems, ensuring compliance with NIST standards and protecting sensitive data from potential breaches.
Funding: $65.1M
Rough estimate of the amount of funding raised
Addition
Addition
Funding: $65.1M
Rough estimate of the amount of funding raised
The startup offers a mobile platform that links EV drivers with nearby private charging stations, enabling reservation‑based access and in‑app payment. Its patented Sharebox module retrofits existing chargers with IoT connectivity, secure authentication, and remote start/stop control, allowing owners to monetize idle infrastructure through real‑time dashboards and configurable pricing.
Belfort provides purpose-built hardware that enables fully homomorphic encryption compute at practical performance levels, allowing data to be processed while remaining encrypted. The platform accelerates encrypted workloads to reduce processing times from hours to minutes, delivering speed and scalability for high‑stakes sectors such as defense, finance, healthcare, and blockchain. By preserving end‑to‑end confidentiality, Belfort lets organizations run analytics, fraud detection, and smart contracts without exposing sensitive information.
30+
1K+Approximate amount of employees
Funding: $7.9M
Rough estimate of the amount of funding raised
Vsquared Ventures
Vsquared Ventures
Funding: $7.9M
Rough estimate of the amount of funding raised
Six Sense Mobility develops modular IoT devices that utilize artificial intelligence and machine learning to enhance vehicle security through features like crash detection, theft deterrence, and real-time diagnostics. The technology addresses issues of vehicle safety and theft by providing continuous monitoring and immediate alerts for critical incidents.
Funding: $720.0K
Rough estimate of the amount of funding raised
Piper Serica Angel Fund
Piper Serica Angel Fund
Funding: $720.0K
Rough estimate of the amount of funding raised
UKISS Technology offers Hugware, a hardware wallet that eliminates the need for seed phrases by utilizing a randomly generated master seed stored securely within the device. This solution addresses the risk of seed phrase theft, allowing users to manage their digital assets across multiple blockchain networks with enhanced security and simplified recovery processes.
CoolBitX provides blockchain security solutions through its CoolWallet, a Bluetooth-enabled hardware wallet that securely stores various cryptocurrencies, and Sygna, a modular crypto compliance platform designed to help virtual asset service providers meet global regulatory requirements. These offerings address the need for secure digital asset management and compliance in an increasingly regulated cryptocurrency landscape.
Funding: $16.7M
Rough estimate of the amount of funding raised
SBI Crypto Investment
SBI Crypto Investment
Funding: $16.7M
Rough estimate of the amount of funding raised
SECQAI develops dual-use hardware and software solutions focused on confidential computing infrastructure. The company provides highly secure Trusted Platform Modules (TPMs) featuring Q-Locked architecture for server and edge device security. These solutions incorporate post-quantum cryptography and ensure device integrity against physical tampering and supply chain risks.
Funding: $110.0K
Rough estimate of the amount of funding raised
The North Atlantic Treaty Organization
The North Atlantic Treaty Organization
Funding: $110.0K
Rough estimate of the amount of funding raised
GridPlus offers a hardware wallet, Lattice1, that utilizes miniaturized bank vault chips for secure offline storage of cryptocurrency keys, enabling users to manage multiple wallets on a single device. This technology addresses the risk of hacks and unauthorized access by providing a user-friendly interface and robust protection against both physical and digital threats.
This company provides end-to-end IoT cybersecurity solutions covering edge devices, mobile applications, and cloud environments to ensure Cyber Resilience Act (CRA) compliance. Their product suite includes embedded security software, mobile application security libraries with runtime protection, and a centralized defense center for continuous monitoring. Services like Red, Purple, and Blue Teams validate system resilience and provide ongoing threat detection and regulatory risk assessment across the entire connected ecosystem.
Fabric Systems develops cryptographic hardware solutions that enhance data security through advanced encryption techniques. The company addresses vulnerabilities in data transmission and storage, providing robust protection against unauthorized access and data breaches.
5+
300+Approximate amount of employees
Foundation Devices offers an air-gapped hardware wallet for secure Bitcoin self-custody. Its Passport device signs transactions offline via QR code, minimizing online threats. The open-source hardware and software enable community security audits for transparent and trusted asset management.
Funding: $7.0M
Rough estimate of the amount of funding raised
Polychain
Polychain
Funding: $7.0M
Rough estimate of the amount of funding raised