Key facts
- Eliyan raised $145 million in venture funding.
- The startup achieved a $1 billion valuation.
- The funding round was backed by Cisco Systems and Lumentum.
- Eliyan's technology aims to solve data transfer bottlenecks in AI chips.
- The company plans to start initial chiplet shipments this year.
- Eliyan projects hundreds of millions in sales by the end of 2027.
Eliyan, a startup addressing data transfer bottlenecks in AI chips, announced it has raised $145 million in venture funding at a $1 billion valuation. The company's technology aims to improve the efficiency of AI chips, which often face limitations due to their inability to receive data as quickly as they can process it.
CEO Ramin Farjadrad stated that current AI chips are only utilized 30-40% due to data reception limitations, a problem Eliyan is working to solve. This issue is critical as companies develop custom AI chips to compete with established players like Nvidia and AMD.
Companies like Alphabet's Google and Amazon.com's cloud unit currently rely on networking technology from firms such as Broadcom and Marvell Technology to overcome these challenges. Eliyan seeks to provide an independent alternative by licensing its technology and offering chiplets for integration into custom processor designs.
Eliyan expects to begin initial chiplet shipments this year and forecasts significant sales growth, projecting hundreds of millions of dollars in revenue by the end of 2027, up from low millions in 2025. The Series C funding round was led by Seligman Ventures and included participation from both new and existing investors, such as Cisco Systems and Lumentum. Umesh Padval, Managing Partner at Seligman Ventures, will join Eliyan's board.