Chiplet interconnect manufacturer Eliyan has raised $145 million in a Series C funding round, valuing the startup at $1 billion.
The oversubscribed round was led by Seligman Ventures, with participation from both new and existing investors, including Cisco Investments and Lumentum. In addition to the funding, Umesh Padval, managing partner of Seligman Ventures, will join Eliyan’s Board of Directors.
Eliyan founders, Syrus Ziai, Ramin Farjadrad, and Patrick Soheili – Eliyan
In a statement, Eliyan said the financing will support the development of its next-generation interconnect technologies and allow the company to expand its ecosystem partnerships and scale manufacturing.
Founded in 2021 by Ramin Farjadrad, the former CTO and VP of networking at Marvell Semiconductor, along with Syrus Ziai, and Patrick Soheili, Eliyan’s chiplet interconnect technology speeds up the processing for AI chips, with the company claiming it achieves up to four times the performance and half the power of other solutions.
