About Open-Silicon
Open-Silicon is a company based in Milpitas (United States) founded in 2003 by Scott Houghton and Naveed Sherwani was acquired by SiFive in August 2018.. 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 as of April 09, 2024. Open-Silicon has completed 2 acquisitions, including Silicon Logic Engineering and Zenasis Technologies.
- Headquarter Milpitas, United States
- Employees 348 as on 09 Apr, 2024
- Founders Scott Houghton, Naveed Sherwani
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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 Awave Semiconductor India Private Limited
- Date of Incorporation 12 Jun, 2003
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$28.15 M (USD)82.21as on Mar 31, 2023
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Net Profit
$779.13 K (USD)-4as on Mar 31, 2023
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EBITDA
$2.16 M (USD)43.65as on Mar 31, 2023
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Total Equity Funding
$44.55 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Series D
Mar 14, 2007
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Investors
SiFive
& 6 more
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Employee Count
348
as on Apr 09, 2024
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Investments & Acquisitions
Silicon Logic Engineering
& 1 more
- Acquired by
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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 Total Funding
- Total Rounds 4
- Last Round Series D — $10.0M
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First Round
First Round
(31 May 2003)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2007 | Amount | Series D - Open-Silicon | Valuation | Bridgescale Partners | |
| Sep, 2005 | Amount | Series C - Open-Silicon | Valuation |
investors |
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| May, 2004 | Amount | Series B - Open-Silicon | Valuation |
investors |
| 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 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. 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 and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Early-stage investing in IT and healthcare ventures.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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 Open-Silicon
Open-Silicon has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Silicon Logic Engineering and Zenasis Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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2000 | ||||
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Semiconductor design services
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Open-Silicon
| 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 |
Open-Silicon Comparisons
Competitors of Open-Silicon
| 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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Frequently Asked Questions about Open-Silicon
When was Open-Silicon founded?
Open-Silicon was founded in 2003.
Where is Open-Silicon located?
Open-Silicon is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Who is the current CEO of Open-Silicon?
Taher Madraswala is the current CEO of Open-Silicon.
Is Open-Silicon a funded company?
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 B of $11M, raised on May 31, 2003.
How many employees does Open-Silicon have?
As of Apr 09, 2024, the latest employee count at Open-Silicon is 348.
What is the annual revenue of Open-Silicon?
Annual revenue of Open-Silicon is $28.15M as on Mar 31, 2023.
What does Open-Silicon do?
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.
How many acquisitions has Open-Silicon made?
Open-Silicon has made 2 acquisitions, including Silicon Logic Engineering, and Zenasis Technologies.
Who are Open-Silicon's investors?
Open-Silicon has 7 investors. Key investors include SiFive, Norwest Venture Partners, Bank Alkhair, InterWest, and Sequoia Capital.