About Chelsio
Chelsio is a company based in Sunnyvale (United States) founded in 1997.. Chelsio has raised $79 million across 5 funding rounds from investors including East West Bank, Investor and Broadcom. The company has 54 employees as of April 06, 2024. Chelsio offers products and services including Unified Wire Adapters, Terminator 7 ASIC, and Unified Storage Server. Chelsio operates in a competitive market with competitors including DDN, Coraid, Sanera, Incipient and Lefthand Networks, among others.
- Headquarter Sunnyvale, United States
- Employees 54 as on 06 Apr, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Chelsio Communications Private Limited
- Date of Incorporation 26 Dec, 2006
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.68 M (USD)13.94as on Mar 31, 2023
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Net Profit
$319.43 K (USD)2.63as on Mar 31, 2023
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EBITDA
$211.96 K (USD)-69.6as on Mar 31, 2023
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Total Equity Funding
$79 M (USD)
in 5 rounds
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Latest Funding Round
$13 M (USD), Debt – Conventional
Jun 01, 2022
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Investors
East West Bank
& 13 more
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Employee Count
54
as on Apr 06, 2024
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Products & Services of Chelsio
Chelsio offers a comprehensive portfolio of products and services, including Unified Wire Adapters, Terminator 7 ASIC, and Unified Storage Server. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $13.0M
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First Round
First Round
(18 Jan 2005)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Debt – Conventional - Chelsio | Valuation |
investors |
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| Nov, 2009 | Amount | Series F - Chelsio | Valuation | New Enterprise Associates , Invesco |
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| Jan, 2008 | Amount | Series E - Chelsio | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Investments are directed by the Wallenberg family into Nordic sectors.
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Founded Year | Domain | Location | |
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Investments are made in growth-stage companies across US and Asia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chelsio
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chelsio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chelsio Comparisons
Competitors of Chelsio
Chelsio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DDN, Coraid, Sanera, Incipient and Lefthand Networks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Big data and HPC storage appliances are provided for businesses.
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| domain | founded_year | HQ Location |
Ethernet-based SAN storage solutions are provided for data networks.
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| domain | founded_year | HQ Location |
Enterprise SAN switches are provided for storage networking solutions.
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| domain | founded_year | HQ Location |
Enterprise storage, SAN virtualization, and data migration solutions are developed.
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| domain | founded_year | HQ Location |
Storage area network solutions and data systems are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Chelsio
Frequently Asked Questions about Chelsio
When was Chelsio founded?
Chelsio was founded in 1997 and raised its 1st funding round 8 years after it was founded.
Where is Chelsio located?
Chelsio is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Who is the current CEO of Chelsio?
Kianoosh Naghshineh is the current CEO of Chelsio.
Is Chelsio a funded company?
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 E of $25M, raised on Jan 18, 2005.
How many employees does Chelsio have?
As of Apr 06, 2024, the latest employee count at Chelsio is 54.
What is the annual revenue of Chelsio?
Annual revenue of Chelsio is $3.68M as on Mar 31, 2023.
What does Chelsio do?
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.
Who are the top competitors of Chelsio?
Chelsio's top competitors include DDN, Coraid and Lefthand Networks.
What products or services does Chelsio offer?
Chelsio offers Unified Wire Adapters, Terminator 7 ASIC, and Unified Storage Server.
Who are Chelsio's investors?
Chelsio has 14 investors. Key investors include East West Bank, Investor, Broadcom, NEA, and Invesco.
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