Total amount raised
$100 Millions
Latest funding date
8/1/2024
Location
Eliyan has successfully raised $60 million in its latest funding round, attracting significant interest from investors like Samsung and Tiger Global. The company specializes in semiconductor interconnects designed to accelerate chiplet-based systems, particularly for AI applications.
Keep reading to explore the intricacies of Eliyan's fundraising journey and the investors backing this innovative platform.
What Is Eliyan?
Founded in 2021, Eliyan is based in Santa Clara, California. The company was established by Ramin Farjad and Syrus Ziai.
Eliyan specializes in manufacturing semiconductor interconnects designed to accelerate chiplet-based systems. Their innovative technology aims to enhance AI performance by eliminating the memory wall.
With a team of 11-50 employees, Eliyan continues to push the boundaries of chiplet interconnect technology, offering products like NuLink™ PHY and various Die-to-Die (D2D) and Die-to-Memory (D2M) PHY IP products.
How Much Funding Has Eliyan Raised?
- Series A Round
- Amount Raised: $40M
- Date: November 2022
- Lead Investors: Tracker Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To focus on the pressing challenges in the design and manufacturing of advanced AI chips using multi-die architectures and to achieve new levels of performance and power efficiency.
- Series B Round
- Amount Raised: $60M
- Date: March 25, 2024
- Lead Investors: Samsung Catalyst Fund, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address the challenges of developing generative AI chips, driven by the demand for AI chips and the need for advanced semiconductor design and chiplet architecture.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 13, 2024
- Lead Investors: VentureTech Alliance
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Eliyan's chiplet interconnects designed to speed up AI chips.
Total amount raised: $100M. Current valuation: Not publicly disclosed.
Key Investors
- VentureTech Alliance
- Details: VentureTech Alliance is a venture capital firm that focuses on early-stage technology companies. They have a strong presence in the semiconductor and AI sectors.
- Investment Focus Areas: Semiconductors, AI, IoT
- Notable Investments: Not publicly disclosed
- Samsung Catalyst Fund
- Details: Samsung Catalyst Fund is part of Samsung Semiconductor Innovation Center. They invest in disruptive technologies that align with Samsung's strategic interests.
- Investment Focus Areas: Generative AI, automotive, intensive workloads
- Notable Investments: Not publicly disclosed
- Tiger Global Management
- Details: Tiger Global Management is an investment firm known for its focus on technology-driven companies. They have a global investment portfolio.
- Investment Focus Areas: Technology, consumer, industrials
- Notable Investments: Not publicly disclosed
- Tracker Capital Management
- Details: Tracker Capital Management is a private investment firm that focuses on emerging technologies. They aim to support companies that drive innovation.
- Investment Focus Areas: Technology, cybersecurity, AI
- Notable Investments: Not publicly disclosed
- Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation. They invest in companies that align with Intel's strategic interests in technology and innovation.
- Investment Focus Areas: AI, cloud computing, 5G
- Notable Investments: Not publicly disclosed
What's Next for Eliyan?
As Eliyan looks to the future, the opportunities are vast. The high-bandwidth memory sector is expected to grow significantly, driven by the increasing demand for AI chips. Eliyan's chiplet interconnect technology, which enhances performance and power efficiency, positions the company to capitalize on this trend. The potential for additional investment rounds is strong, as the technology proves its commercial viability and performance.
However, challenges lie ahead. The high costs and complexity of designing advanced AI chips, along with ensuring high yield and low power consumption, are significant hurdles. Competing with other companies developing similar technologies will also be a test of Eliyan's innovation and resilience.
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