Chip startup NextSilicon announces its arrival with over $200 million in funding and an estimated $1.5 billion valuation
Against the backdrop of an ongoing chip crisis and what could be a global shortage lasting years, a new Israeli unicorn aiming to increase semiconductor processing power is coming out of the shadows. NextSilicon, which has developed an innovative solution to boost supercomputers, has already raised more than $200 million, but has done so under the radar, despite recently being valued at $1.5 billion.
NextSilicon was founded in 2018 by Elad Raz, a serial entrepreneur who sold his last startup to Mellanox Technologies in 2014. The company has already completed three funding rounds. It recently completed a $120 million round led by Third Point Ventures, which has also invested in the likes of Verbit and SentinelOne, and with the participation of Playground Global, Aleph, Yuval Ariav, the Schusterman Family Investments, Amiti and Liberty venture funds.
NextSilicon collaborates with the largest computing centers in the world using supercomputers to pursue advanced scientific breakthroughs in the fields of molecular dynamics, DNA sequencing, clean energy and natural disasters to name a few.
