About Open-Silicon
Open-Silicon is a company based in Milpitas (United States) founded in 2003 by Scott Houghton and Naveed Sherwani, and was acquired by SiFive in August 2018. Customized SOCs and ASIC designs are manufactured and supported. Open-Silicon has raised $44.55 million across 4 funding rounds from investors including SiFive, Norwest Venture Partners and Bank Alkhair. The company has 348 employees. Open-Silicon has completed 2 acquisitions, including Silicon Logic Engineering and Zenasis Technologies. Its chief executive, as recorded, is Taher Madraswala. Its Indian entity Awave Semiconductor India Private Limited reported revenue of ₹377 Cr.
Company details
Open-Silicon was founded in 2003 and is headquartered in Milpitas, United States, within the semiconductor industry. Customized system-on-chips (SOCs) and application-specific integrated circuits (ASICs) are developed and produced, encompassing product definition, design engineering, wafer fabrication, packaging, assembly, and test engineering. Services extend to process nodes from 180 nm to 28 nm across foundries like TSMC and GlobalFoundries. The OpenMODEL approach is utilized for IP selection and qualification from open markets.
- Headquarters Milpitas, United States
- Employees 348
- Founders Scott Houghton, Naveed Sherwani
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website open-silicon.com
- Social LinkedIn X Facebook
- Acquired by SiFive (Aug 2018)
- Legal Name Awave Semiconductor India Private Limited
- Date of Incorporation 12 Jun, 2003
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹377 Cr
FY 2025 · +76% YoY
- Indian entity net loss-₹10.30 Cr
FY 2025 · -3% margin
- Indian entity EBITDA₹42.19 Cr
FY 2025 · 11% margin
- Total Equity Funding$44.55M (USD)
in 4 rounds
- Latest Funding Round$10M (USD), Series D
Mar 2007
- InvestorsSiFive
& 6 more
- Employee Count348
- Investments & AcquisitionsSilicon Logic Engineering
& 1 more
- Acquired by
Associated legal entities of Open-Silicon
Open-Silicon operates through Awave Semiconductor India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Awave Semiconductor India Private Limited CIN U72200KA2003PTC032083 | Active | 12 Jun 2003 | Bangalore, Karnataka | ₹377 Cr | 348 | 2 | View details |
Funding Insights of Open-Silicon
Open-Silicon has successfully raised a total of $44.55M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $10 million completed in March 2007. 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 $44.55M
- Total Rounds 4
- Last Round Series D — $10M
- First Round $8.5M
(May 2003)
- Investors Count 5
All 4 funding rounds of Open-Silicon 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 |
|---|---|---|---|---|---|
| Mar 2007 | $10M | Series D | – | Bridgescale Partners | |
| Sep 2005 | $15.05M | Series C | – | – | |
| May 2004 | $11M | Series B | – | – | |
| May 2003 | $8.5M | Series A | – | – |
7 investors in total: 7 institutional.
Investors in Open-Silicon
Open-Silicon has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include SiFive, Norwest Venture Partners and Bank Alkhair.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Early-stage investing in IT and healthcare ventures. | interwest.com | |||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
| bridgescalepartners.com | ||||
Venture capital firm focused on early-stage investments | sequoiacap.cn | Beijing, China | ||
Islamic banking services are offered in Bahrain. | 2004 | bankalkhair.com | Manama, Bahrain | |
AI-based IP cores for system-on-chips are developed and supplied. | 2015 | sifive.com | San Mateo, United States |
Investor details for Open-Silicon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Awave Semiconductor India Private Limited (Open-Silicon)
Awave Semiconductor India Private Limited is the primary company behind Open-Silicon. The board of Awave Semiconductor India Private Limited currently have 2 directors; the longest-serving is Ravi Velidanda Rao, appointed in 2026. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravi Velidanda Rao DIN 06436843 | Director | 22 Apr 2026 | 6 mo | Awave Semiconductor India Private Limited |
| Jingu Saira Jacob DIN 07425747 | Director | 11 May 2026 | 5 mo | Awave Semiconductor India Private Limited |
People of Open-Silicon
5 people are tracked at Open-Silicon (4 in leadership, 1 in team); the tracked headcount is 348.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| CEO & President | Leadership | |
Shafy Eltoukhy | CEO | Leadership |
Amol Kadam | Executive | Team |
Complete people profiles for Open-Silicon
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Open-Silicon
Figures of Awave Semiconductor India Private Limited, the primary company behind Open-Silicon, for FY 2025. Revenue was ₹377 Cr (+76% year on year). Net loss was -₹10.30 Cr (-3% margin). EBITDA was ₹42.19 Cr (11% margin). Revenue has grown at a compounded annual rate of +43% over three years and +34% over five years.
- ₹377 CrRevenue · FY 2025 · +76% YoY
- -₹10.30 CrNet loss · -3% margin
- ₹42.19 CrEBITDA · 11% margin
- ₹1 LakhPaid-up capital
- 348Employees (provident fund records)
- +43%Revenue CAGR, 3 years
- +34%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Awave Semiconductor India Private Limited are on its company page.
Detailed financial statements for Open-Silicon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Open-Silicon
Open-Silicon has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Silicon Logic Engineering and Zenasis Technologies.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Semiconductor design services | siliconlogic.com | Eau Claire, United States | 1996 | Dec 2009 | •••• | |
Limited information available | zenasis.com | Campbell, United States | 2000 | May 2007 | •••• |
Complete acquisition details for Open-Silicon
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Open-Silicon
7 dated milestones of Open-Silicon across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Open-Silicon is founded.
- Funding First funding round of $8.5M.
- Funding Latest funding round, Series D, of $10.0M.
- Acquisition Acquires Zenasis Technologies.
- Exit Acquired by Bank Alkhair.
- Acquisition Acquires Silicon Logic Engineering.
- Exit Acquired by SiFive.
Web traffic of Open-Silicon
Websites that share an audience with Open-Silicon (open-silicon.com).
Websites whose visitors overlap most with Open-Silicon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| m-pression.com | 100% | View details | |||
smart-dv.com | smart-dv.com | 99% | #3,028,215 | – | |
eurekatech.com | eurekatech.com | 65% | – | ||
| solutionip.co.uk | 63% | View details | |||
alinktelecom.net | alinktelecom.net | 62% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Open-Silicon
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Open-Silicon
Open-Silicon was founded in 2003.
Open-Silicon is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Taher Madraswala is the CEO of Open-Silicon, as recorded in our data.
Open-Silicon is a funded company, having raised a total of $44.55M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on May 2003.
Open-Silicon has 348 employees.
The primary company behind Open-Silicon, Awave Semiconductor India Private Limited, reported revenue of ₹377 Cr for FY 2025, up 76% year on year.
Open-Silicon was founded in 2003 and is headquartered in Milpitas, United States, within the semiconductor industry. Customized system-on-chips (SOCs) and application-specific integrated circuits (ASICs) are developed and produced, encompassing product definition, design engineering, wafer fabrication, packaging, assembly, and test engineering. Services extend to process nodes from 180 nm to 28 nm across foundries like TSMC and GlobalFoundries. The OpenMODEL approach is utilized for IP selection and qualification from open markets.
Open-Silicon has made 2 acquisitions, including Silicon Logic Engineering, and Zenasis Technologies.
Open-Silicon has 7 investors. Key investors include SiFive, Norwest Venture Partners, Bank Alkhair, InterWest, and Sequoia Capital.
Open-Silicon operates through Awave Semiconductor India Private Limited.
Yes. Open-Silicon was acquired by SiFive in August 2018.
The legal entities of Open-Silicon currently have 2 directors, including Jingu Saira Jacob, Ravi Velidanda Rao.