Enfabrica Corporation has announced the successful close of a $125 million Series B financing round, introducing a group of new investors including leading semiconductor firm NVIDIA Corporation (NASDAQ:NVDA), IAG Capital Partners and Liberty Global Ventures.
The Silicon Valley startup specializes in networking chips for AI data centers. It has developed a new class of artificial intelligence (AI) infrastructure interconnect chips called Accelerated Compute Fabric (ACF) devices, which it claims deliver unmatched scalability, performance and total cost of ownership for distributed AI, extended reality, high-performance computing and in-memory database infrastructure.
The oversubscribed round, which increases the company’s valuation by more than five times, was led by Atreides Management, with support from existing investor Sutter Hill Ventures. Other new investors include Valor Equity Partners, Infinitum Partners and Alumni Ventures.
“Our Series B funding and investors are an endorsement of our team and product thesis, and further enable us to produce high-performance ACF silicon and software that drive up the efficient utilization and scaling of AI compute resources,” commented the company’s co-founder and CEO Rochan Sankar.
“As an organization, we are hyper-focused to work with the larger ecosystem of partners and customers to solve the AI infrastructure scaling problem.”
Silicon Valley founders
According to the company’s website, it was started in 2020 by Silicon Valley veterans Rochan Sankar, Shrijeet Mukherjee and key engineers who built industry-leading silicon and software stacks at Broadcom, Google, Cisco, AWS and Intel.
Enfabrica said the new capital will be deployed to advance the production of its groundbreaking ACF Switch (ACF-S) devices and solutions, which complement GPUs, CPUs and accelerators to solve critical networking, I/O (input/output) and memory scaling problems in data center AI and high-performance computing clusters.
“The fundamental challenge with today’s AI boom is the scaling of infrastructure,” Sankar added.
“There’s no denying the transformative value that AI delivers to a multitude of economic sectors. But there is a critical need to bridge the exploding demand to the overall cost, efficiency, and ease of scaling AI compute, across all customers seeking to take control of their distributed AI infrastructure and services.”
Contact the author at stephen.gunnion@proactiveinvestors.com