Running the AI network chip Enfactory raised $115 million in Series C led by Spark capital as the latest chip approaches its launch early next 12 months.
This round comes just 14 months after the Mountain View, California-based company closed its doors Series B for $125 million hosted by Atreides Board which also included an investment from Nvidia.
The new Series C investors include some of the biggest names in the chip world: Holding arms, Cisco investments, Silicon maverick, Samsung Catalyst Fund AND VentureTech Alliance.
Previous investors Atreides Management, Alumni’s projects, IAG Capital Partners, Liberty’s Global Ventures, Sutter Hill’s ventures AND Valor Equity Partners also took part.
Enfabrica also announced its new “disruptive” ACF SuperNIC chip. The startup’s network infrastructure helps connect AI chips together, enabling the consistent flow of knowledge needed for modern AI workloads.
“This Series C fundraising drives the next phase of Enfabrica’s growth as a leading provider of networking chips and AI software,” Co-Founder and CEO Rochan Sankar he said in A release. “We were the first to conceptualize a high-bandwidth network interface controller structure optimized for accelerated computing clusters. We are grateful to the incredible syndicate of investors who support our journey.
Semi-investment
Even with Enfabrica’s new investment, the total dollars invested in semiconductor startups this 12 months will likely find yourself on par with the $10 billion the sector received last 12 months, based on Crunchbase data.
The largest round that went to an American chip startup this 12 months was Series D value $640 million Groksemiconductor and AI-based software startup that closed in August at a $2.8 billion valuation. The round was led by funds and accounts managed by CzarnyRock.