Enfabrica Raises $115M in New Funding to Advance its Leadership in AI Networking Solutions [Yahoo! Finance]
Cisco Systems, Inc. (CSCO)
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Source: Yahoo! Finance
MOUNTAIN VIEW, Calif. & ATLANTA, November 19, 2024 BUSINESS WIRE )--Today at Supercomputing 2024 (SC24), Enfabrica Corporation , an industry leader in high-performance networking silicon for artificial intelligence (AI) and accelerated computing, announced that it successfully raised $115 million in new funding as part of an oversubscribed Series C equity financing round led by Spark Capital. New investors joining the round include Arm, Cisco Investments, Maverick Silicon, Samsung Catalyst Fund, and VentureTech Alliance, with support from existing investors. Concurrently, Enfabrica also announced availability in Q1 2025 of its groundbreaking 3.2 Terabit/sec (Tbps) Accelerated Compute Fabric (ACF) SuperNIC chip and pilot systems. Together, Enfabrica's funding and product news solidify its position in the high-growth AI infrastructure industry and highlight its leadership role in the future of GPU compute networks. "This Series C fundraise fuels the next stage of growth for Enfabrica
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CSCO
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CSCO
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