About NextSilicon
NextSilicon is a company based in Tel Aviv (Israel) founded in 2017 by Elad Raz.. NextSilicon has raised $120 million across 2 funding rounds from investors including Third Point Ventures, Aleph and Yuval Ariav. NextSilicon offers products and services including Maverick-2 ICA and Developer Toolchain. NextSilicon operates in a competitive market with competitors including Groq, LightOn, SambaNova Systems, Morphing Machines and Tachyum, among others.
- Headquarter Tel Aviv, Israel
- Founders Elad Raz
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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 Next Silicon Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 M (USD)
in 2 rounds
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Latest Funding Round
$120 M (USD), Series C
Jun 06, 2021
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Investors
Third Point Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of NextSilicon
NextSilicon offers a comprehensive portfolio of products and services, including Maverick-2 ICA and Developer Toolchain. 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.
Adaptive architecture for optimizing HPC and AI workloads efficiently.
Supports programming languages for seamless HPC application development.
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Funding Insights of NextSilicon
NextSilicon has successfully raised a total of $120M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $120 million completed in June 2021. 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 C — $120.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - NextSilicon | Valuation | Third Point Ventures , Liberty Venture Partners | |
| Nov, 2020 | Amount | Series B - NextSilicon | Valuation | Playground Global |
| 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 NextSilicon
NextSilicon has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Third Point Ventures, Aleph and Yuval Ariav. 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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Corporate-backed venture capital is focused on fintech and multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage tech investments in Israel are focused on by Aleph.
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Founded Year | Domain | Location | |
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Tech startups are funded by Amiti venture capital firm.
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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 NextSilicon
| 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 - NextSilicon
| 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 |
Nextsilicon Comparisons
Competitors of NextSilicon
NextSilicon 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 Groq, LightOn, SambaNova Systems, Morphing Machines and Tachyum, 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 |
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| domain | founded_year | HQ Location |
AI inference platforms and on-premise clusters are provided.
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| domain | founded_year | HQ Location |
Optical processors are provided for machine learning computations.
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| domain | founded_year | HQ Location |
AI-powered software and hardware provided for enterprises and governments.
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| domain | founded_year | HQ Location |
Runtime reconfigurable embedded processors for high-performance computing are developed.
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| domain | founded_year | HQ Location |
Provider of HPC processors
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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 Nextsilicon
Frequently Asked Questions about NextSilicon
When was NextSilicon founded?
NextSilicon was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is NextSilicon located?
NextSilicon is headquartered in Tel Aviv, Israel.
Who is the current CEO of NextSilicon?
Elad Raz is the current CEO of NextSilicon. They have also founded this company.
Is NextSilicon a funded company?
NextSilicon is a funded company, having raised a total of $120M across 2 funding rounds to date.
What does NextSilicon do?
Developer of intelligent compute architecture and software-defined hardware acceleration solutions. It offers technology designed to deliver performance and efficiency for high-performance computing, artificial intelligence, and vector database applications. The companys architecture adapts and reconfigures hardware to meet specific workload needs, providing workload-specific performance with the flexibility to adapt to future demands. It also provides a developer toolchain that supports languages, such as CC, FORTRAN, OpenMP, and Kokkos, eliminating the need for domain-specific languages and application porting.
Who are the top competitors of NextSilicon?
NextSilicon's top competitors include LightOn, Morphing Machines and SambaNova Systems.
What products or services does NextSilicon offer?
NextSilicon offers Maverick-2 ICA and Developer Toolchain.
Who are NextSilicon's investors?
NextSilicon has 6 investors. Key investors include Third Point Ventures, Aleph, Yuval Ariav, Liberty Venture Partners, and Amiti.
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