Enfabrica
Enfabrica Raises $115M in Series C
Quick Facts
Enfabrica Raises $115M in Series C
Enfabrica has successfully raised $115M in a Series C led by Spark Capital, Sutter Hill Ventures, Cisco.
Company Overview
Enfabrica is a AI/ML company headquartered in Sunnyvale, CA, founded in 2020 with 100+ employees.
AI networking chip technology
Fundraising Details
- Amount Raised: $115M
- Round Type: Series C
- Date: 2024-11-19
- Investors: Spark Capital, Sutter Hill Ventures, Cisco
About Enfabrica
AI networking chip technology The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Sunnyvale, CA
- Founded: 2020
- Team Size: 100+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Enfabrica's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Enfabrica's successful fundraising reflects the strong fundamentals and growth potential in this space.
Looking Ahead
With this new capital, Enfabrica is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-11-19. For more information about Enfabrica, visit their headquarters at Sunnyvale, CA.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.