Tech Company Financing Transactions
Rapid Silicon Funding Round
On 1/9/2023, Rapid Silicon landed $30 million in Series A investment from Cambium Capital Partners.
Transaction Overview
Company Name
Announced On
1/9/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors
Cambium Capital Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further invest in its product portfolio, and launch of its premier low-end FPGA product, Gemini.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
983 University Ave. C-100
Los Gatos, CA 95032
USA
Los Gatos, CA 95032
USA
Phone
Undisclosed
Website
Email Address
Overview
The world is getting hyper connected and hyper intelligent through aggressive adoption of AI and 5G technology. Billions of sensors are being integrated into embedded and edge applications, creating new standards and protocols. Rapid Silicon is taking the lead with a revolutionary approach to provide solutions that meet the ever-changing needs of these new intelligent embedded and edge applications. Our nimble engineering methodology and the Open FPGA framework give us the ability to iterate quickly and bring highly differentiated products to market. This, coupled with open-source software, unleashes the power of the community and diverse ecosystem to develop application specific SW, IP and solutions at an accelerated pace with thousands of members worldwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Naveed Sherwani
Chief Technical Officer
Pierre Gaillardon
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