Enfabrica also announced its new ACF SuperNIC chip, which aids in tying AI chips together for a consistent data flow, essential for modern AI workloads. Despite this investment, the total venture capital invested in semiconductor startups this year is expected to match last year's $10 billion, according to Crunchbase data. The largest funding round for a US-based chip startup this year was a $640 million Series D secured by Groq, an AI semiconductor and software startup.
Key takeaways:
- AI networking chip startup Enfabrica has raised a $115 million Series C funding round led by Spark Capital, bringing it closer to its new chip release next year.
- The round saw participation from major names in the chip industry including Arm Holdings, Cisco Investments, Maverick Silicon, Samsung Catalyst Fund and VentureTech Alliance.
- Enfabrica also announced its new “groundbreaking” ACF SuperNIC chip, which helps tie AI chips together for a consistent flow of data needed for modern AI workloads.
- Despite the new investment in Enfabrica, total venture dollars invested into semiconductor startups this year is expected to be on par with the $10 billion the sector received last year.