Enfabrica Closes $125 Million Series B

<p><strong>MOUNTAIN VIEW<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fenfabrica&period;net&percnt;2F&amp&semi;esheet&equals;53552777&amp&semi;newsitemid&equals;20230912219337&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Enfabrica&amp&semi;index&equals;1&amp&semi;md5&equals;fd9cb17b64d9cd9a68aa975e43ec5165" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Enfabrica<&sol;a> Corporation&comma; a startup building converged networking and memory fabric silicon and software tailored to the performance and scalability demands of artificial intelligence &lpar;AI&rpar; and accelerated computing workloads&comma; has closed a &dollar;125 million Series B financing round&period;<&sol;p>&NewLine;<p>The oversubscribed round&comma; which increases Enfabrica’s valuation more than 5X&comma; was led by Atreides Management&comma; with support from existing investor Sutter Hill Ventures&comma; and includes new investors NVIDIA&comma; IAG Capital Partners&comma; Liberty Global Ventures&comma; Valor Equity Partners&comma; Infinitum Partners and Alumni Ventures&period;<&sol;p>&NewLine;<p>The new capital will be deployed to advance the production of Enfabrica’s groundbreaking Accelerated Compute Fabric Switch &lpar;ACF-S&rpar; devices and solutions&comma; which complement GPUs&comma; CPUs and accelerators to solve critical networking&comma; I&sol;O and memory scaling problems in data center AI and high-performance computing clusters&period;<&sol;p>&NewLine;<p>Earlier this year&comma; Enfabrica emerged from stealth mode to announce its revolutionary new class of AI infrastructure interconnect chips called Accelerated Compute Fabric devices&period; Enfabrica’s ACF devices deliver unmatched scalability&comma; performance and total cost of ownership for distributed AI&comma; extended reality&comma; high-performance computing and in-memory database infrastructure&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The fundamental challenge with today’s AI boom is the scaling of infrastructure&comma;” said Rochan Sankar&comma; Enfabrica CEO and co-founder&period; &OpenCurlyDoubleQuote;There’s no denying the transformative value that AI delivers to a multitude of economic sectors&period; But there is a critical need to bridge the exploding demand to the overall cost&comma; efficiency and ease of scaling AI compute&comma; across all customers seeking to take control of their distributed AI infrastructure and services&period; Much of the scaling problem lies in the I&sol;O subsystems&comma; memory movement and networking attached to GPU compute&comma; where Enfabrica’s ACF solution shines&period; Our Series B funding and investors are an endorsement of our team and product thesis&comma; and further enable us to produce high-performance ACF silicon and software that drive up the efficient utilization and scaling of AI compute resources&period; As an organization&comma; we are hyper-focused to work with the larger ecosystem of partners and customers to solve the AI infrastructure scaling problem&period;”<&sol;p>&NewLine;