About Chelsio
Chelsio is a Technology company based in Sunnyvale (United States) founded in 1997. Networking solutions for storage solutions. Chelsio has raised $79 million across 5 funding rounds from investors including East West Bank, Investor and Broadcom. The company has 54 employees. Its chief executive, as recorded, is Kianoosh Naghshineh. Its Indian entity Chelsio Communications Private Limited reported revenue of ₹29.06 Cr. Chelsio offers products and services including Unified Wire Adapters, Terminator 7 ASIC, and Unified Storage Server. Its focus areas include Enterprise Infrastructure, Enterprise Storage and Storage Area Network. Its competitors include DDN, Coraid and Sanera; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1997 and headquartered in Sunnyvale, United States, operations are centered on hardware and software for addressing networking and storage needs in virtualized data centers, cloud services, and cluster setups. Unified wire engine network adapters, storage software, performance gateways, management tools, and bypass cards are included among the offerings in the technology sector.
- Headquarters Sunnyvale, United States
- Employees 54
- SectorsTechnology
- Website chelsio.com
- Social LinkedIn X
- Legal Name Chelsio Communications Private Limited
- Date of Incorporation 26 Dec, 2006
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹29.06 Cr
FY 2024 · -5% YoY
- Indian entity net profit₹1.69 Cr
FY 2024 · 6% margin
- Indian entity EBITDA₹2.29 Cr
FY 2024 · 8% margin
- Total Equity Funding$79M (USD)
in 5 rounds
- Latest Funding Round$13M (USD), Debt – Conventional
Jun 2022
- InvestorsEast West Bank
& 13 more
- Employee Count54
Associated legal entities of Chelsio
Chelsio operates through Chelsio Communications Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Chelsio Communications Private Limited CIN U30007KA2006PTC041292 | Active | 26 Dec 2006 | Bangalore, Karnataka | ₹29.1 Cr | 54 | 2 | View details |
Products & Services of Chelsio
Chelsio offers a comprehensive portfolio of products and services, including Unified Wire Adapters, Terminator 7 ASIC, and Unified Storage Server.
Adapters for high-speed networking in cloud and HPC environments.
ASIC chip for advanced networking and storage offloads.
Server for optimized storage networking and data management.
Funding Insights of Chelsio
Chelsio has successfully raised a total of $79M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $13 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $79M
- Total Rounds 5
- Last Round Debt – Conventional — $13M
- First Round $25M
(Jan 2005)
- Investors Count 14
All 5 funding rounds of Chelsio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $13M | Debt – Conventional | – | – | |
| Nov 2009 | $17M | Series F | – | New Enterprise Associates, Invesco | – |
| Jan 2008 | $25M | Series E | – | – | |
| Jun 2006 | $12M | Series D | – | – | |
| Jan 2005 | $25M | Series C | – | – |
14 investors in total: 14 institutional.
Investors in Chelsio
Chelsio has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include East West Bank, Investor and Broadcom.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Investments are directed by the Wallenberg family into Nordic sectors. | 1916 | investorab.com | Stockholm, Sweden | |
Investments are made in growth-stage companies across US and Asia. | vedacap.com | New York, United States | ||
| pacesettercapital.com | ||||
VC firm investing in companies in the US & Asia | horizonvc.com | Los Altos, United States | ||
VC firm investing in early stage tech companies in Japan & the US | mickk.com | Chiyoda-ku, Japan | ||
| hotung.com.tw | ||||
Stage-agnostic investments are made in US offline and tech companies. | gc-partners.com | Palo Alto, United States | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Commercial banking services are offered to individuals and businesses. | 1973 | eastwestbank.com | Los Angeles, United States |
Investor details for Chelsio
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Chelsio Communications Private Limited (Chelsio)
Chelsio Communications Private Limited is the primary company behind Chelsio. The board of Chelsio Communications Private Limited currently have 2 directors; the longest-serving is Kianoosh Naghshineh, appointed in 2006. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kianoosh Naghshineh DIN 00562592 | Director | 26 Dec 2006 | 19 yrs 10 mo | Chelsio Communications Private Limited |
| Ramaraju Yellavathi Chinnaswamyraju DIN 08040729 | Director | 02 Jan 2018 | 8 yrs 10 mo | Chelsio Communications Private Limited |
People of Chelsio
22 people are tracked at Chelsio (10 in leadership, 12 in team); the tracked headcount is 54.
| Name | Role | Group |
|---|---|---|
| CEO & Director | Leadership | |
Kun Taek Yim | VP, Operations | Leadership |
Manoj M. | Director | Leadership |
Keita Kitahama | Vice President of Sales | Leadership |
Swami Venkataraman | VP, Engineering, HW | Leadership |
Kun Yim | VP of Operations | Leadership |
Leon Lei | VP Marketing, Asia | Leadership |
Bob Dugan | Director of Engineering & Program Manager | Leadership |
Paul Everhardt | Director, ASIC Physical Design | Leadership |
Anirban Banerjee | Director | Leadership |
春辉 陈 | sales engineer | Team |
Pavas Jain | Firmware Engineer | Team |
Aravinthan A | Software Developer | Team |
Nilesh Mundphan | ASIC Verification Engineer | Team |
Gayathri Vaidyanathan | Design Verification Manager | Team |
Sung Yim | Sales Operations Analyst | Team |
B. A. Krishna | Principal Engineer (emphasis on Formal Verification) | Team |
Suman Venkata | Principal Engineer | Team |
Tom Reu, NJCEM | Consulting Application Engineer | Team |
Hanny Bongso | Sr. Business Analyst | Team |
2 more people are available in the full profile.
Complete people profiles for Chelsio
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Chelsio
Figures of Chelsio Communications Private Limited, the primary company behind Chelsio, for FY 2024. Revenue was ₹29.06 Cr (-5% year on year). Net profit was ₹1.69 Cr (6% margin). EBITDA was ₹2.29 Cr (8% margin). Revenue has grown at a compounded annual rate of +2% over three years and 0% over five years.
- ₹29.06 CrRevenue · FY 2024 · -5% YoY
- ₹1.69 CrNet profit · 6% margin
- ₹2.29 CrEBITDA · 8% margin
- ₹1 LakhPaid-up capital
- 54Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Chelsio Communications Private Limited are on its company page.
Detailed financial statements for Chelsio
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Chelsio
3 dated milestones of Chelsio across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Chelsio is founded.
- Funding First funding round of $25.0M.
- Funding Latest funding round, Debt – Conventional, of $13.0M.
Competitors of Chelsio
Chelsio has 3 listed competitors in our database, 3 of them funded. They include DDN, Coraid and Sanera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ddn.com | 1998 | Chatsworth, United States | $309.9M | 456 | Big data and HPC storage appliances are provided for businesses. | |
| coraid.com | 2000 | Redwood, United States | $99.89M | Ethernet-based SAN storage solutions are provided for data networks. | ||
| sanera.net | 2000 | Sunnyvale, United States | $73.3M | Enterprise SAN switches are provided for storage networking solutions. |
Detailed competitors of Chelsio
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Chelsio
The website of Chelsio (chelsio.com) receives about 7.5K visits a month.
- Monthly visits7.5K
▲ 28.4% vs previous month
Websites whose visitors overlap most with Chelsio. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| intel.com | 100% | 14.3M | #3,571 | View details | |
| emulex.com | 96% | View details | |||
| mellanox.com | 96% | 97.3K | #315,005 | View details | |
| fujitsu.com | 82% | 4.5M | #11,559 | View details | |
| amd.com | 82% | 12.8M | #4,323 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 34 similar websites and full traffic analytics for Chelsio
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- 34 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Enterprise Storage
3 companies that operate in the same segment as Chelsio (Enterprise Storage) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based integrated application development platform | 2011 | New York, New York, United States | USD 173.73 M | USD 901.43 M | 2,498 | |
Provider of data storage platforms and subscription services | 2009 | Mountain View, California, United States | USD 528.51 M | USD 3.17 B | 4,789 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 |
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Related news about Chelsio
Complete news archive for Chelsio
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Frequently Asked Questions about Chelsio
Chelsio was founded in 1997 and raised its 1st funding round 8 years after it was founded.
Chelsio is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Kianoosh Naghshineh is the CEO of Chelsio, as recorded in our data.
Chelsio is a funded company, having raised a total of $79M across 5 funding rounds to date. The company's 1st funding round was a Series C of $25M, raised on Jan 2005.
Chelsio has 54 employees.
The primary company behind Chelsio, Chelsio Communications Private Limited, reported revenue of ₹29.06 Cr for FY 2024, down 5% year on year.
Founded in 1997 and headquartered in Sunnyvale, United States, operations are centered on hardware and software for addressing networking and storage needs in virtualized data centers, cloud services, and cluster setups. Unified wire engine network adapters, storage software, performance gateways, management tools, and bypass cards are included among the offerings in the technology sector.
Chelsio offers Unified Wire Adapters, Terminator 7 ASIC, and Unified Storage Server.
Chelsio has 14 investors. Key investors include East West Bank, Investor, Broadcom, NEA, and Invesco.
Chelsio operates through Chelsio Communications Private Limited.
The legal entities of Chelsio currently have 2 directors, including Ramaraju Yellavathi Chinnaswamyraju, Kianoosh Naghshineh.