About Innovium
Innovium is a Technology company based in San Jose (United States) founded in 2014, and was acquired by Marvell in August 2021. Semiconductor solutions for data center networking challenges are developed. Innovium has raised $350 million across 5 funding rounds from investors including Qualcomm, BlackRock and Marvell. The company has 72 employees. Innovium was last valued at $1 billion in July 2020. Its Indian entity Innovium India Private Limited reported revenue of ₹27.07 Cr. Its focus areas include Enterprise Infrastructure, Data Center Infrastructure, Connectivity and Ethernet Switch ICs. Its competitors include Mellanox Technologies, ClariPhy and Netronome; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Jose, United States
- Employees 72
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website innovium.com
- Social LinkedIn X Facebook
- Acquired by Marvell (Aug 2021)
- Legal Name Innovium India Private Limited
- Date of Incorporation 19 Aug, 2016
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹27.07 Cr
FY 2022 · -10% YoY
- Indian entity net profit₹3.40 Cr
FY 2022 · 13% margin
- Indian entity EBITDA₹4.94 Cr
FY 2022 · 18% margin
- Total Equity Funding$350M (USD)
in 5 rounds
- Latest Funding Round$170M (USD), Series E
Jul 2020
- InvestorsQualcomm
& 13 more
- Employee Count72
- Acquired byMarvell
(Aug 2021)
Associated legal entities of Innovium
Innovium operates through Innovium India Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovium India Private Limited CIN U72200KA2016FTC095858 | Dissolved Under Section 59(8) | 19 Aug 2016 | Bangalore, Karnataka | ₹27.1 Cr | 72 | 3 | View details |
Funding Insights of Innovium
Innovium has successfully raised a total of $350M 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 $350M
- Total Rounds 5
- Last Round Series E — $170M
- First Round $15M
(Jan 2015)
- Investors Count 14
All 5 funding rounds of Innovium with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $170M | Series E | – | DFJ Growth, BlackRock | |
| Apr 2018 | $77M | Series D | – | Greylock, Qualcomm Ventures | |
| Mar 2017 | $38.3M | Series C | – | Redline Capital Management | |
| Dec 2015 | $35M | Series B | – | Greylock | |
| Jan 2015 | $15M | Series A | – | Capricorn |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Innovium
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $1B (Jul 2020). 14 investors in total: 14 institutional.
Investors in Innovium
Innovium has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Qualcomm, BlackRock and Marvell.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward innovative technology startups by DFJ Growth. | dfjgrowth.com | Menlo Park, United States | ||
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
A diversified investment holding company and family office is operated. | scubedcap.com | Menlo Park, United States | ||
Mid-stage venture capital investments and support for tech entrepreneurs. | dagventures.com | |||
Growth-stage tech investments are made in North America, Europe, Israel. | redline-capital.com | Luxembourg, Luxembourg | ||
Venture capital firm focused on multiple sectors | celesta.vc | San Francisco, United States | ||
Provides venture capital for technology startups and enterprise innovations worldwide. | premjiinvest.com | Bengaluru, India | ||
Tech focused early stage VC firm investing in the US, Europe, Asia | clear.ventures | Palo Alto, United States | ||
Sustainable investment solutions are provided by Capricorn Investment Group. | capricornllc.com | Palo Alto, United States |
Investor details for Innovium
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Innovium India Private Limited (Innovium)
Innovium India Private Limited is the primary company behind Innovium. The board of Innovium India Private Limited currently have 3 directors; the longest-serving is Navin Bishnoi, appointed in 2022. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Navin Bishnoi DIN 09633464 | Director | 24 Jun 2022 | 4 yrs 4 mo | Innovium India Private Limited |
| Bharathi Kanuj DIN 09794938 | Additional Director | 18 Nov 2022 | 3 yrs 11 mo | Innovium India Private Limited |
| Thirupal Gorige DIN 07929986 | IRP/RP/Liquidator | 12 Apr 2023 | 3 yrs 7 mo | Innovium India Private Limited |
People of Innovium
438 people are tracked at Innovium (199 in leadership, 8 in board & advisors, 231 in team); the tracked headcount is 72.
| Name | Role | Group |
|---|---|---|
Chris Gondara | Director Of Global Trade Compliance | Leadership |
Patrick James | Director Of Sales, Northwest | Leadership |
Ken Hare | Senior Director, Sales | Leadership |
Kevin Krehbiel | VP Storage Sales | Leadership |
Joseph Bolsenga | Senior Sales Director - Automotive | Leadership |
Steve Vermillion | Senior Vice President Finance | Leadership |
Chris Koopmans | President And Chief Operating Officer | Leadership |
Zhan Yu | Associate Vice President | Leadership |
Ajay Lalwani | Vp, Supply Chain Planning | Leadership |
Eran Herooti | VP VLSI & HW Engineering And Marvell Israel Country Manager | Leadership |
Nagesh Gonibedu | Senior Director | Leadership |
Mark Casper | EVP & Chief Legal Officer | Leadership |
Steve Lamontagne | Director - ASIC Verification | Leadership |
Vincent Coville | Director Hardware Emulation | Leadership |
Gabriel Ng | Director, Test Engineering | Leadership |
Xi Wang | Senior Vice President and General Manager, Connectivity Business Unit | Leadership |
Lindsey Leonard | Sales Director | Leadership |
Mohan Dhamodaran | Sr Director Supply Chain And S&op COE | Leadership |
Gary Ignatin | Executive Vice President, Corporate Development | Leadership |
Rajneesh Rathi | Senior Director, Wireless | Leadership |
418 more people are available in the full profile.
Complete people profiles for Innovium
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Innovium
Figures of Innovium India Private Limited, the primary company behind Innovium, for FY 2022. Revenue was ₹27.07 Cr (-10% year on year). Net profit was ₹3.40 Cr (13% margin). EBITDA was ₹4.94 Cr (18% margin). Revenue has grown at a compounded annual rate of +34% over three years and +92% over five years.
- ₹27.07 CrRevenue · FY 2022 · -10% YoY
- ₹3.40 CrNet profit · 13% margin
- ₹4.94 CrEBITDA · 18% margin
- ₹1 LakhPaid-up capital
- 72Employees (provident fund records)
- +34%Revenue CAGR, 3 years
- +92%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovium India Private Limited are on its company page.
Detailed financial statements for Innovium
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Innovium
5 dated milestones of Innovium across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Innovium is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series E, of $170.0M.
- Milestone Reaches Unicorn status.
- Exit Acquired by Marvell.
Competitors of Innovium
Innovium has 3 listed competitors in our database, 3 of them funded. They include Mellanox Technologies, ClariPhy and Netronome.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mellanox.com | 1999 | Sunnyvale, United States | $97.7M | 316 | Provider of Ethernet and InfiniBand interconnect solutions for servers and storage | |
| clariphy.com | 2002 | Irvine, United States | $117.41M | 91 | ICs for high-speed communications are designed and marketed. | |
| netronome.com | 2003 | Santa Clara, United States | $71.59M | 70 | Data interface solutions for Ethernet connections are provided. |
Detailed competitors of Innovium
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Top companies in Semiconductors & ICs
3 companies that operate in the same segment as Innovium (Semiconductors & ICs) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered graphical processing units and SoCs | 1993 | Santa Clara, California, United States | USD 5 M | USD 130.5 B | 42,000 | |
AI inference platforms and on-premise clusters are provided. | 2016 | San Jose, California, United States | USD 2.77 B | 314 | ||
Custom AI models are trained on a specialized computing platform. | 2015 | Sunnyvale, California, United States | USD 2.55 B | USD 509.99 M | 71 |
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Related news about Innovium
Complete news archive for Innovium
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Frequently Asked Questions about Innovium
Innovium was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Innovium is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Innovium is a funded company, having raised a total of $350M across 5 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jan 2015.
Innovium has 72 employees.
The primary company behind Innovium, Innovium India Private Limited, reported revenue of ₹27.07 Cr for FY 2022, down 10% year on year.
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.
Innovium's top competitors include Mellanox Technologies, ClariPhy and Netronome.
Innovium has 14 investors. Key investors include Qualcomm, BlackRock, Marvell, Qualcomm Ventures, and Premji Invest.
The valuation of Innovium is $1B as of Jul 2020.
Innovium operates through Innovium India Private Limited.
Yes. Innovium was acquired by Marvell in August 2021.
The legal entities of Innovium currently have 3 directors, including Bharathi Kanuj, Navin Bishnoi, Thirupal Gorige.