Eliyan Secures $145 Million at $1 Billion Valuation to Address AI Chip Data Transfer Challenges
Startup Eliyan has raised $145 million in venture funding, achieving a valuation of $1 billion. The company is focused on addressing data transfer bottlenecks between artificial intelligence chips used in data centers. Eliyan's technology targets the growing demand for custom AI computing chips from companies aiming to compete with offerings from Nvidia and AMD. Current AI chips often process data faster than they can send or receive it, leading to underutilization of expensive hardware. Eliyan aims to solve this issue by offering both chiplet components and licensing solutions. The funding round was led by Seligman Ventures, alongside existing investors such as Cisco Systems and Lumentum. The company plans initial shipments of its products in 2026 and anticipates significant revenue growth over the next two years.
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Topics: AI chips data_centers venture_capital