Semiconductors are in pretty fine condition immediately.
Based in San Jose, California DreamBig Semiconductor became the second integrated circuit startup this week to raise major funding — securing a $75 million equity round co-led by Samsung Catalyst Fund AND Healthy Sutarja.
On Monday in Santa Clara, California Hello Industrycreator of a laser manufacturing technology platform for the semiconductor industry, raised $80 million in Series B funding led by US Innovative Technology Fund.
DreamBig, founded in 2019, develops chiplet platforms, and its specialties include applications in large language models, generative AI, and more. The company has raised nearly $93 million, according to Crunchbase.
the advantage of AI
The semiconductor industry has clearly jumped on the artificial intelligence (AI) bandwagon as the market seeks specialized generative AI chips that are not only less expensive and energy-efficient, but also faster.
DreamBig’s raise is just the latest major round in the industry. It joins Halo, a San Francisco-based Etched.ai has closed a $120 million funding round led by Positive sum AND Major Venture Capital Partners at the end of last month.
Other big deals in 2024 include:
Overall, enterprise capital funding for semiconductor chip startups stays strong. So far in 2024, VC-backed chip startups have raised nearly $5.7 billion in just 210 deals, according to Crunchbase data.
Last 12 months, startups made 498 deals value lower than $10.4 billion.