Nvidia-Backed Enfabrica Locks Up $115M As It Prepares New Chip

November 19, 2024

Illustration of a bag of computer chips/semiconductors

Chris Metinko

AI networking chip startup raised a $115 million Series C led by as it inches closer to its newest chip release early next year.

The round comes just about 14 months after the Mountain View, California-based firm closed a $125 million Series B led by that also included an investment from .

The new Series C investors include some of the biggest names in the chip world: , , , and .

Previous investors Atreides Management, , , , and also took part.

Enfabrica also announced its new 鈥済roundbreaking鈥� ACF SuperNIC chip. The startup鈥檚 networking infrastructure helps tie AI chips together 鈥� allowing for the consistent flow of data needed for modern AI workloads.

鈥淭his Series C fundraise fuels the next stage of growth for Enfabrica as a leading AI networking chip and software provider,鈥� co-founder and CEO said in a . 鈥淲e were the first to draw up the concept of a high-bandwidth network interface controller fabric optimized for accelerated computing clusters. And we are grateful to the incredible syndicate of investors who are supporting our journey.鈥�

Semi investment

Even with the new Enfabrica investment, total venture dollars invested into semiconductor startups this year likely will end right on par with the $10 billion the sector received last year, per Crunchbase .

The biggest round that went to a U.S.-based chip startup this year was the $640 million Series D that , an AI semiconductor and software startup, locked up in August at a valuation of $2.8 billion. The round was led by funds and accounts managed by .

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