About Credo
Credo is a company based in San Jose (United States) founded in 2008 by Lawrence Cheng and Job Lam. It operates as a API-as-a-Product, and Direct-to-Consumer (D2C). Credo has raised $108 million across 2 funding rounds from investors including BlackRock and Walden International. The company has 622 employees as of April 30, 2024. Credo has completed 1 acquisition, including HyperLume. Credo offers products and services including PCI Express & CXL, HiWire AEC, Optical Devices, SerDes IP / Chiplets, and Line Card. Credo operates in a competitive market with competitors including Cirrus Logic, Microsemi, SiFive, Triad Semiconductor and Alphawave Semi, among others.
- Headquarter San Jose, United States
- Employees 622 as on 30 Apr, 2024
- Founders Lawrence Cheng, Job Lam
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Credo Technology Group Holding Ltd
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Annual Revenue
$436.77 M126.34as on Apr 30, 2024
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Net Profit
$52.18 M283.93as on Apr 30, 2024
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EBITDA
$59.94 M366.16as on Apr 30, 2024
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Total Equity Funding
$108 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Series D
Jun 16, 2020
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Investors
BlackRock
& 1 more
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Employee Count
622
as on Apr 30, 2024
- Investments & Acquisitions
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IPO & Listings of Credo
Credo is a publicly listed company on the NASDAQ with ticker symbol CRDO in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Credo
Credo offers a comprehensive portfolio of products and services, including PCI Express & CXL, HiWire AEC, Optical Devices, SerDes IP / Chiplets, and Line Card. 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.
Retimers offer extended reach with low latency performance.
Active cables integrate retimer for high-speed connectivity solutions.
Optical solutions provide high performance for data centers.
Advanced IP integrates into next-generation ASIC designs efficiently.
Devices enable high-speed connectivity for line card platforms.
SDK offers telemetry and predictive signal integrity insights.
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Software Development Team
17 people
Leadership Team
11 people
Sales and Marketing
8 people
Creative and Marketing Team
6 people
Senior Team
4 people
Product Management Team
4 people
Finance and Accounting
3 people
Human Resources and Administration
2 people
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Funding Insights of Credo
Credo has successfully raised a total of $108M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in June 2020. 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 2
- Last Round Series D — $100.0M
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First Round
First Round
(31 Aug 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series D - Credo | Valuation | BlackRock |
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| Aug, 2015 | Amount | Series A - Credo | Valuation | Walden International |
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| 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 Credo
Credo has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include BlackRock and Walden International. 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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VC firm investing globally in early & expansion stage companies
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Founded Year | Domain | Location | |
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Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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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 Credo
Credo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HyperLume. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AR, VR, and lighting services are provided to clients.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Credo
| 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 |
Credo Comparisons
Competitors of Credo
Credo 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 Cirrus Logic, Microsemi, SiFive, Triad Semiconductor and Alphawave Semi, 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 |
Internet first brand offering analog, mixed-signal, and audio DSP integrated circuits
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| domain | founded_year | HQ Location |
Integrated circuits and semiconductors are developed for multiple applications.
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| domain | founded_year | HQ Location |
AI-based IP cores for system-on-chips are developed and supplied.
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| domain | founded_year | HQ Location |
Mixed-signal ASICs for SteamVR sensor arrays are developed and produced.
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| domain | founded_year | HQ Location |
Silicon IP cores are licensed for integrated circuit designs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Credo
Frequently Asked Questions about Credo
When was Credo founded?
Credo was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Credo located?
Credo is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Credo a funded company?
Credo is a funded company, having raised a total of $108M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Aug 31, 2015.
How many employees does Credo have?
As of Apr 30, 2024, the latest employee count at Credo is 622.
What is the annual revenue of Credo?
Annual revenue of Credo is $436.77M as on Apr 30, 2024.
What does Credo do?
Credo is established as a provider of high-speed interconnect solutions, focusing on energy-efficient technologies for data centers, AI networks, and telecom deployments. Products such as PCI Express retimers, optical DSPs, and SerDes IP are developed to support hyperscale data centers and 5G infrastructure. The company is engaged in delivering low-power connectivity solutions for AI and other advanced applications, ensuring performance and cost optimization across various sectors.
Who are the top competitors of Credo?
Credo's top competitors include Cirrus Logic, Microsemi and SiFive.
What products or services does Credo offer?
Credo offers PCI Express & CXL, HiWire AEC, Optical Devices, SerDes IP / Chiplets, and 2 more products and services.
Is Credo publicly traded?
Yes, Credo is publicly traded on NASDAQ under the ticker symbol CRDO.
How many acquisitions has Credo made?
Credo has made 1 acquisition, including HyperLume.
Who are Credo's investors?
Credo has 2 investors. Key investors include BlackRock, and Walden International.
What is Credo's ticker symbol?
The ticker symbol of Credo is CRDO on NASDAQ.
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