About Frore Systems
Frore Systems is a company based in Sunnyvale (United States) founded in 2018.. Frore Systems has raised $190 million across 3 funding rounds from investors including Fidelity Investments, StepStone Group and Qualcomm Ventures. Frore Systems offers products and services including AirJet Mini, AirJet Mini Slim, AirJet Mini Sport, AirJet Pak, and SnowGoose. Frore Systems operates in a competitive market with competitors including Nanusens, Novasentis, Sensonor, SBG Systems and Shenzhen Guangju Communication Technology Development, among others.
- Headquarter Sunnyvale, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$190 M (USD)
in 3 rounds
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Latest Funding Round
$90 M (USD), Series C
May 29, 2024
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Investors
Fidelity Investments
& 8 more
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Employee Count
Employee Count
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Products & Services of Frore Systems
Frore Systems offers a comprehensive portfolio of products and services, including AirJet Mini, AirJet Mini Slim, AirJet Mini Sport, AirJet Pak, and SnowGoose. 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.
Solid-state chip for active cooling in electronic devices.
Slim version to enhance device performance and silence.
Sport variant for improved thermal management in compact gadgets.
Package for integrating active cooling into various devices.
Development kit for testing and implementing cooling solutions.
Kit to aid in creating custom cooling applications for electronics.
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Funding Insights of Frore Systems
Frore Systems has successfully raised a total of $190M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $90 million completed in May 2024. 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 C — $90.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series C - Frore Systems | Valuation | Fidelity Investments , Prosperity7 Ventures | |
| Dec, 2022 | Amount | Series B - Frore Systems | Valuation | Qualcomm Ventures | |
| Jun, 2018 | Amount | Series A - Frore Systems | Valuation | Clear Ventures |
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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 Frore Systems
Frore Systems has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, StepStone Group and Qualcomm Ventures. 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 fund focused on enterprise tech, fintech, deep tech, AI, B2B, B2C, and medtech companies
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Founded Year | Domain | Location | |
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US, Europe, 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 Frore Systems
| 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 - Frore Systems
| 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 |
Frore Systems Comparisons
Competitors of Frore Systems
Frore Systems 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 Nanusens, Novasentis, Sensonor, SBG Systems and Shenzhen Guangju Communication Technology Development, 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 |
MEMS-based sensors using CMOS are developed for accelerometer applications.
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| domain | founded_year | HQ Location |
Electro-mechanical polymer haptic actuators are offered for wearable devices.
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| domain | founded_year | HQ Location |
MEMS-based gyroscopes and pressure sensors are developed.
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| domain | founded_year | HQ Location |
Develops inertial sensors and navigation systems for industrial applications worldwide.
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| domain | founded_year | HQ Location |
MEMS sensor chips are manufactured for biomedical monitoring applications.
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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 Frore Systems
Frequently Asked Questions about Frore Systems
When was Frore Systems founded?
Frore Systems was founded in 2018.
Where is Frore Systems located?
Frore Systems is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Frore Systems a funded company?
Frore Systems is a funded company, having raised a total of $190M across 3 funding rounds to date.
What does Frore Systems do?
Frore Systems was founded in 2018 and is based in Sunnyvale, United States. Operations focus on the development and manufacturing of microelectromechanical systems (MEMS) designed for active thermal management. These systems are integrated into devices to support enhanced processing, increased memory, extended battery life, and improved connection speeds, while enabling thinner and smaller form factors in the electronics sector.
Who are the top competitors of Frore Systems?
Frore Systems's top competitors include Nanusens, Sensonor and Novasentis.
What products or services does Frore Systems offer?
Frore Systems offers AirJet Mini, AirJet Mini Slim, AirJet Mini Sport, AirJet Pak, and 2 more products and services.
Who are Frore Systems's investors?
Frore Systems has 9 investors. Key investors include Fidelity Investments, StepStone Group, Qualcomm Ventures, Prosperity7 Ventures, and Mayfield.
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