<p><strong>MOUNTAIN VIEW</strong> &#8212; <a href="https://cts.businesswire.com/ct/CT?id=smartlink&;url=https%3A%2F%2Fenfabrica.net%2F&;esheet=53552777&;newsitemid=20230912219337&;lan=en-US&;anchor=Enfabrica&;index=1&;md5=fd9cb17b64d9cd9a68aa975e43ec5165" target="_blank" rel="nofollow noopener" shape="rect">Enfabrica</a> Corporation, a startup building converged networking and memory fabric silicon and software tailored to the performance and scalability demands of artificial intelligence (AI) and accelerated computing workloads, has closed a $125 million Series B financing round.</p>
<p>The oversubscribed round, which increases Enfabrica’s valuation more than 5X, was led by Atreides Management, with support from existing investor Sutter Hill Ventures, and includes new investors NVIDIA, IAG Capital Partners, Liberty Global Ventures, Valor Equity Partners, Infinitum Partners and Alumni Ventures.</p>
<p>The new capital will be deployed to advance the production of Enfabrica’s groundbreaking Accelerated Compute Fabric Switch (ACF-S) devices and solutions, which complement GPUs, CPUs and accelerators to solve critical networking, I/O and memory scaling problems in data center AI and high-performance computing clusters.</p>
<p>Earlier this year, Enfabrica emerged from stealth mode to announce its revolutionary new class of AI infrastructure interconnect chips called Accelerated Compute Fabric devices. Enfabrica’s ACF devices deliver unmatched scalability, performance and total cost of ownership for distributed AI, extended reality, high-performance computing and in-memory database infrastructure.</p>
<p>“The fundamental challenge with today’s AI boom is the scaling of infrastructure,” said Rochan Sankar, Enfabrica CEO and co-founder. “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. Much of the scaling problem lies in the I/O subsystems, memory movement and networking attached to GPU compute, where Enfabrica’s ACF solution shines. 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. As an organization, we are hyper-focused to work with the larger ecosystem of partners and customers to solve the AI infrastructure scaling problem.”</p>

MOUNTAIN VIEW - Intuit Inc., operator of the financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks,…
The Santa Clara County District Attorney’s Office has charged a Sunnyvale apartment manager with possessing…
SAN FRANCISCO -- Wispr, the voice-to-text AI that turns speech into clear, polished writing in every…
SAN FRANCISCO -- Numeric, an AI accounting automation platform, has raised a $51 million Series…
Apple has announced 45 finalists for this year’s App Store Awards, recognizing the best apps…
The University of California (UC) and the California Nurses Association (CNA) have reached a tentative…