Nvidia backs Enfabrica’s US$125 million Series B

Technology News | September 12, 2023

By Peter Clarke

Embedded Interconnect & cables Artificial Intelligence

Networking chip startup Enfabrica Corp. (Mountain View, Calif.) has raised US$125 million in a round of venture capital with GPU chip giant Nvidia joining in as a strategic investor, according to Reuters.

Networking chip startup Enfabrica Corp. (Mountain View, Calif.) has raised US$125 million in a round of venture capital with Nvidia joining in as a strategic investor, according to Reuters.

Enfabrica was founded in 2019 by managers and engineers from such companies as Broadcom, Google, Cisco, AWS and Intel to develop data center networking silicon and software to support AI computing workloads. It announced its first chips called Accelerated Compute Fabric (ACF) devices in March 2023.

The company was founded by Rochan Sankar who serves as CEO and Shrijeet Mukherjee, chief development officer.

The Series B venture funding round was led by Atreides Management with backers including IAG Capital Partners, Liberty Global Ventures, Valor Equity Partners, Infinitum Partners and Alumni Ventures. Earlier investor Sutter Hill Ventures also joined the round.

Nvidia’s involvement is explained by the fact the company claims its ACF devices will deliver multi-terabit-per-second data movement between GPUs, CPUs, accelerators, memory and networking devices. The use of ACF should enable customers to make more efficient use of GPU compute resources. In short less time that GPUs are idle waiting for data. This is by about 50 percent for Large Language Model (LLM) inferencing and 75 percent for deep learning recommendation model (DLRM) inferencing at the same performance point, the company said.