About Innovium
Innovium is a company based in San Jose (United States) founded in 2014 was acquired by Marvell in August 2021.. Innovium has raised $335.3 million across 5 funding rounds from investors including Qualcomm, BlackRock and Marvell. The company has 72 employees as of April 07, 2024. Innovium operates in a competitive market with competitors including Mellanox Technologies, Xsight Labs, ClariPhy, Netronome and Cortina Systems, among others.
- Headquarter San Jose, United States
- Employees 72 as on 07 Apr, 2024
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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 Innovium India Private Limited
- Date of Incorporation 19 Aug, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.28 M (USD)-10.48as on Mar 31, 2022
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Net Profit
$411.29 K (USD)94.8as on Mar 31, 2022
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EBITDA
$541.69 K (USD)72.97as on Mar 31, 2022
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Total Equity Funding
$335.3 M (USD)
in 5 rounds
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Latest Funding Round
$170 M (USD), Series E
Jul 21, 2020
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Investors
Qualcomm
& 12 more
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Employee Count
72
as on Apr 07, 2024
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Acquired by
Marvell
(Aug 03, 2021)
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Software Development Team
104 people
Leadership Team
78 people
Creative and Marketing Team
70 people
Sales and Marketing
45 people
Senior Team
35 people
Finance and Accounting
28 people
Legal and Compliance
12 people
Principal Team
12 people
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Funding Insights of Innovium
Innovium has successfully raised a total of $335.3M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $170 million completed in July 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 5
- Last Round Series E — $170.0M
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First Round
First Round
(01 Jan 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series E - Innovium | Valuation | DFJ Growth , BlackRock | |
| Apr, 2018 | Amount | Series D - Innovium | Valuation | Greylock , Qualcomm Ventures | |
| Mar, 2017 | Amount | Series C - Innovium | Valuation | Redline Capital Management |
| 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 Innovium
Innovium has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Qualcomm, BlackRock and Marvell. 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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Investments are directed toward innovative technology startups by DFJ Growth.
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Founded Year | Domain | Location | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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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 Innovium
| 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 - Innovium
| 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 |
Innovium Comparisons
Competitors of Innovium
Innovium 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 Mellanox Technologies, Xsight Labs, ClariPhy, Netronome and Cortina Systems, 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 |
Provider of Ethernet and InfiniBand interconnect solutions for servers and storage
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| domain | founded_year | HQ Location |
Provider of data center switches for Ethernet connectivity
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| domain | founded_year | HQ Location |
ICs for high-speed communications are designed and marketed.
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| domain | founded_year | HQ Location |
Data interface solutions for Ethernet connections are provided.
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| domain | founded_year | HQ Location |
High-speed optical interconnects for network infrastructure are developed.
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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 Innovium
Frequently Asked Questions about Innovium
When was Innovium founded?
Innovium was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Innovium located?
Innovium is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Innovium a funded company?
Innovium is a funded company, having raised a total of $335.3M across 5 funding rounds to date. The company's 1st funding round was a Series C of $38.3M, raised on Jan 01, 2015.
How many employees does Innovium have?
As of Apr 07, 2024, the latest employee count at Innovium is 72.
What is the annual revenue of Innovium?
Annual revenue of Innovium is $3.28M as on Mar 31, 2022.
What does Innovium do?
Innovium was founded in 2014 in San Jose, United States, by industry veterans from Broadcom and Cavium. Venture funding from Silicon Valley investors has supported the development of semiconductor chipsets for networking infrastructure in data centers. Operations focus on high-performance Ethernet switches, including the TeraLynx chip launched in March 2017, which features a 12.8 Tbits capacity on a single 16nm die.
Who are the top competitors of Innovium?
Innovium's top competitors include Xsight Labs, Mellanox Technologies and ClariPhy.
Who are Innovium's investors?
Innovium has 13 investors. Key investors include Qualcomm, BlackRock, Marvell, Qualcomm Ventures, and Premji Invest.
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