About EnCharge
EnCharge is a company based in Santa Clara (United States) founded in 2022 by Naveen Verma, Kailash Gopalakrishnan, and Echere Iroaga.. EnCharge has raised $144.3 million across 3 funding rounds from investors including RTX, Vanderbilt University and Morgan Creek. EnCharge offers products and services including AI Hardware, AI Software, and Chiplets and ASICs. EnCharge operates in a competitive market with competitors including Blaize, Armada Logistics, Veea, Eurotech and Acumera, among others.
- Headquarter Santa Clara, United States
- Founders Naveen Verma, Kailash Gopalakrishnan, Echere Iroaga
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$144.3 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Series B
Feb 13, 2025
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Investors
RTX
& 19 more
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Employee Count
Employee Count
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Products & Services of EnCharge
EnCharge offers a comprehensive portfolio of products and services, including AI Hardware, AI Software, and Chiplets and ASICs. 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.
Delivers efficient computing chips for AI performance enhancement
Manages seamless AI deployments across devices and clouds
Provides scalable components for optimized AI processing
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Funding Insights of EnCharge
EnCharge has successfully raised a total of $144.3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in February 2025. 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 3
- Last Round Series B — $100.0M
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First Round
First Round
(14 Dec 2022)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series B - EnCharge | Valuation | Tiger Global Management | |
| Dec, 2023 | Amount | Series B - EnCharge | Valuation | VentureTech Alliance , RTX | |
| Dec, 2022 | Amount | Series A - EnCharge | Valuation | Anzu Partners |
| 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 EnCharge
EnCharge has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include RTX, Vanderbilt University and Morgan Creek. 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 and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Early-stage technology startups are supported by SIP Global Partners.
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Founded Year | Domain | Location | |
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Investments are focused on infrastructure and technology innovation.
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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 EnCharge
| 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 - EnCharge
| 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 |
Encharge Comparisons
Competitors of EnCharge
EnCharge 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 Blaize, Armada Logistics, Veea, Eurotech and Acumera, 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 |
Edge AI infrastructure solutions are provided for diverse applications.
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| domain | founded_year | HQ Location |
Connected solution to monitor shipments in transit
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| domain | founded_year | HQ Location |
Edge computing platforms and multi-access communications solutions are provided.
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| domain | founded_year | HQ Location |
IoT infrastructure and device management platforms are offered.
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| domain | founded_year | HQ Location |
SaaS based platform offering network management, edge computing, and managed security services
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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 Encharge
Frequently Asked Questions about EnCharge
When was EnCharge founded?
EnCharge was founded in 2022.
Where is EnCharge located?
EnCharge is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Who is the current CEO of EnCharge?
Naveen Verma is the current CEO of EnCharge. They have also founded this company.
Is EnCharge a funded company?
EnCharge is a funded company, having raised a total of $144.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $21.7M, raised on Dec 14, 2022.
What does EnCharge do?
Provider of AI computation stack solutions. Its system comprises a common hardware form factor and a seamless software stack. It is also customizable according to application needs.
Who are the top competitors of EnCharge?
EnCharge's top competitors include Blaize, Veea and Armada Logistics.
What products or services does EnCharge offer?
EnCharge offers AI Hardware, AI Software, and Chiplets and ASICs.
Who are EnCharge's investors?
EnCharge has 20 investors. Key investors include RTX, Vanderbilt University, Morgan Creek, Tiger Global, and SIP Global Partners.