Total amount raised
$240 Millions
Latest funding date
11/1/2024
Location
Enfabrica has successfully raised $260 million over multiple funding rounds, with its latest being a Series C. The company is focused on revolutionizing AI infrastructure through scalable and high-performance networking solutions.
Keep reading to explore the intricacies of Enfabrica's fundraising journey and the investors backing this innovative platform.
What Is Enfabrica?
Enfabrica, founded in 2019, is based in Mountain View, California. The company specializes in developing networking solutions for parallel and accelerated computing infrastructure, focusing on AI workloads.
Founded by Rochan Sankar and Shrijeet Mukherjee, Enfabrica aims to revolutionize AI infrastructure with its innovative hardware, software, and system technologies. Their solutions address critical bottlenecks in next-generation computing.
With a team of 101-250 employees, Enfabrica continues to push the boundaries of AI networking, enhancing scalability, performance, and operational efficiency.
How Much Funding Has Enfabrica Raised?
- Series B
- Amount Raised: $125M
- Date: September 2023
- Lead Investors: Alumni Ventures, Atreides Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's R&D capabilities and accelerate the development of their AI networking solutions.
- Series C
- Amount Raised: $115M
- Date: November 2024
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To ramp up volume production of ACF SuperNIC chips, expand the global R&D team, and advance next-generation product line development.
Total Amount Raised: $260M. Current Valuation: Not publicly disclosed.
Key Investors
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups across various stages and sectors. They led Enfabrica's Series C funding round.
- Investment Focus Areas: Technology, media, consumer products.
- Notable Investments: Twitter, Slack, Oculus.
- Arm
- Details: Arm is a semiconductor and software design company known for its ARM architecture processors. They participated as a new investor in Enfabrica's Series C round.
- Investment Focus Areas: Semiconductor design, software, processors.
- Notable Investments: Various semiconductor startups.
- Cisco Investments
- Details: Cisco Investments is the venture capital arm of Cisco Systems, focusing on strategic investments in technology companies. They joined Enfabrica's Series C round as a new investor.
- Investment Focus Areas: Networking, security, enterprise solutions.
- Notable Investments: AppDynamics, ThousandEyes, Accompany.
- Samsung Catalyst Fund
- Details: Samsung Catalyst Fund is the investment arm of Samsung Electronics, focusing on innovative technologies and startups. They participated in Enfabrica's Series C round.
- Investment Focus Areas: AI, semiconductor, system-level solutions.
- Notable Investments: Graphcore, Habana Labs, Syntiant.
- Atreides Management
- Details: Atreides Management is an existing investor in Enfabrica, known for its focus on technology and consumer sectors.
- Investment Focus Areas: Technology, consumer sectors.
- Notable Investments: Specific notable investments not mentioned.
What's Next for Enfabrica?
Enfabrica stands at the cusp of a transformative opportunity with the launch of its 3.2 Tbps ACF SuperNIC chip. This innovation could redefine AI networking by significantly enhancing the scalability and efficiency of AI workloads. The company is poised to capitalize on the growing demand for high-performance networking solutions, with plans to ramp up production and expand its global R&D team.
Future fundraising seems promising, given the strong investor confidence demonstrated in the oversubscribed Series C round. As Enfabrica continues to innovate, it may attract further investments to support its ambitious growth plans. However, the company will need to navigate challenges such as scaling production and maintaining a competitive edge in a rapidly evolving industry.
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