55. Ethicronics

Globally sourced electronics can be hiding anything, from malware to counterfeited components, and one venture is working to make hardware trust measurable.

About the Startups 100

Now in its 18th year, the Startups 100 is the definitive list of the most promising new UK businesses. There's no fee for entry or for inclusion in our index. The Startups team of new business experts judge all our top 100 entrants in collaboration with specialist industry consultants.

See our guide to this year’s hottest new businesses and most exceptional founders in the complete 2026 Startups 100 index.

Founder: Dr Franck Courbon
Year founded: 2022
Website: ethicronics.com

What started as a research project at Cambridge University has now transitioned into Ethicronics, a startup that has delivered a way for governments and defence organisations to see, at scale, what is really inside their hardware.

“While most cybersecurity solutions focus above the software boundary, we operate where the threats are most invisible: inside the hardware itself,” the team explains. “Our nanometre-scale assurance and unprecedented chiplet-level attestation uniquely close the last blind spot in digital security.”

Cybersecurity is an issue for all businesses. For some organisations – especially governmental or critical infrastructure – it can become a question of national security, or even life and death. We live in turbulent geopolitical times and, as founder Dr Franck Courbon explains, “one compromised chip can undermine entire national infrastructures”.

While most cybersecurity solutions focus above the software boundary, we operate where the threats are most invisible: inside the hardware itself,

Seeing the systemic risk posed by hidden implants, counterfeits and tampering, Courbon realised there was an unaddressed but mission-critical need for trusted visibility into electronics at their deepest levels. “That was the spark to create Ethicronics: making hardware trust measurable, provable and scalable,” he adds.

To move from theory to deployment, Courbon assembled a technical team but also brought in senior defence advisors before securing early pilot projects. The business now has prototypes and are ready for various proof of concepts to go live.

The business has already won its first hardware assurance sale worth £80k with a UK defence organisation. It has also closed a £200k pre-seed and will kick off this year by fundraising further. The team has built partnerships with the University of Oxford and talks are ongoing with major industry bodies for “technology validation”.

That was the spark to create Ethicronics: making hardware trust measurable, provable and scalable,

Looking to the future, the company’s key ambition is to be “the UK’s anchor company for hardware trust using software” in the next three years. The team also hopes to lead international certification standards for hardware assurance, to ensure worldwide change. By 2030, Courbon adds that he is aiming for £14m revenues and an exit – leaving a legacy of trusted visibility and hardware assurance.

View the full Startups 100 Index for 2026

1. Omnea
2. HIVED
3. MAGIC AI
4. OXCCU
5. Lightyear
6. Neuranics
7. Hormona
8. Burbank
9. Better Dairy
10. Lenkie Technologies
11. Userled
12. Hoxton Farms
13. Rensair
14. PulpaTronics
15. TradeKart
16. 32Co
17. Carmoola
18. cheqd
19. Sightline Analytics
20. Adamo Foods
21. Bold Bean Co
22. Beams Renovation
23. Pan Galactic
24. Capi Money
25. Spotted Zebra
26. ANTHROTEK
27. Unravel
28. Perci Health
29. Untap Health
30. Hair Syrup
31. Connect Earth
32. spacebands
33. Unfabled
34. Lightning Reach
35. STOCKED
36. Embeddable
37. XR Therapeutics
38. Literal Labs
39. Scooch
40. Openr
41. Fibe Limited
42. Inicio AI
43. Peachies
44. Better Nature
45. Ctrl Alt
46. Resting Reef
47. Nila
48. ROXFIT
49. Finmile
50. NavLive
51. Volunteero
52. Inntelo AI
53. Zonova
54. A&B Smart Materials
55. Ethicronics
56. Treeapp
57. kennek
58. Soil Benchmark
59. Vox Aeris
60. Asan Cup
61. Nuuri
62. Mindstone
63. MYNDUP
64. Enbiosis Biotechnology
65. JUX Food
66. Danu Robotics
67. Wylde Market
68. Air Aware Labs
69. Mimicrete Ltd
70. ALYVE
71. Happl
72. Living Things
73. Grub Club Pets
74. Mealia
75. PetProov
76. Lylo Products
77. Chest
78. ZIM Connections
79. Uptime Labs
80. Teal
81. Zero Fintech
82. Micro Thermal Energy
83. Kanjo
84. Merlin Cloud
85. My Skin Feels
86. Eleria
87. Cashblack
88. RevvedUp
89. Cosysense
90. SuperFi
91. Loom
92. Legacy Compass
93. Meshed
94. SWURF
95. Main Squeeze
96. Sampl Technologies
97. Over the Moo
98. Pioneering People
99. Bikebook
100. Recondition

Tags
Written by:
Helena is Deputy Editor at Startups. She oversees all news and supporting content on Startups, and is also the author of the weekly Startups email newsletter, delivering must-know SME updates straight to their inbox. From interviewing Wetherspoon's boss Tim Martin to spotting data-led working from home trends, her insight has been featured by major trade publications including the ICAEW, and news outlets like the BBC, ITV News, Daily Express, and HuffPost UK. With a background in PR and marketing, Helena is particularly passionate about giving early-stage startups a platform to boost their brands. That's one reason she manages the Startups 100 Index, our annual ranking of new UK businesses.
Sponsored by:
The word
Sage Startups 100 Index Sponsor 2026
Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.
Back to Top