Eliyan Valuation, Funding & Investors

Eliyan is valued at $1B as of July 2026.

Last Eliyan valuation

$1B

Series C · Jul 2026

Last Eliyan funding round

$145M

Series C · Jul 2026

Cumulative funding Eliyan raised

$295M

across 4 funding rounds

Key investors in Eliyan

  • Intel Capital
  • Samsung Catalyst Fund
  • Tiger Global
  • Cisco Investments
  • Celesta Capital
  • Cleveland Avenue

Eliyan Overview

About Eliyan

Eliyan is a Milpitas-headquartered semiconductor innovator creating interconnect IP for chiplet ecosystems. The company's NuLink technology leverages standard organic substrates to deliver terabit-per-second bandwidth between dies, matching advanced packaging performance at reduced costs. Eliyan enables scalable multi-core processors for AI accelerators and data center servers with enhanced yield and testability.


Founded

2021

HQ

United StatesSan Jose, CA

Website

eliyan.com

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$1B (Jul 2026)

Eliyan Valuation

Eliyan is currently valued at $1B, based on its Series C in July 2026.

The $145M round was led by Seligman Ventures, with participation from Cisco Investments and Lumentum.

Eliyan valuation by funding round

Eliyan valuation by funding round
DateStageValuation
Jul 2026Series C$1B

Eliyan Funding History

Eliyan has raised a total of $295M across 4 funding rounds.

Eliyan's first fundraising round was a $40M Series A in November 2022. The most recent completed round was a $145M Series C in July 2026.

Eliyan funding rounds

Eliyan funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Series CSeligman Ventures (lead); Cisco Investments; Lumentum$145M$1BEliyan completed a $145 million Series C on July 29, 2026 at a $1 billion post-money valuation, led by Seligman Ventures and including new strategic investors Cisco Investments and Lumentum, alongside other new and existing investors. The round adds Cisco Investments as a strategic participant in Eliyan’s financing as the company reaches unicorn status. The financing is intended to support Eliyan’s expansion beyond electrical chiplet interconnects into electro-optical links for AI systems, including next-generation interconnect development, ecosystem partnerships, and manufacturing scale-up. Eliyan says it is working with leading customers on integrating NuLink-XD into next-generation systems, and the company is positioning its technology for AI compute, memory, and networking infrastructure. Eliyan is a Santa Clara, California-based developer of connectivity technologies for next-generation AI compute, memory, and networking systems. It previously secured $50 million in strategic investments in January 2026 from major AI and compute ecosystem players, including AMD, Arm, Coherent, and Meta, indicating prior strategic backing before the July 2026 round.
Jan 2026Undisclosed stageARM; AMD; Samsung Catalyst Fund; Meta; Intel Capital$50M-Eliyan Corporation, based in Santa Clara, California, develops high-performance connectivity products and technology for AI and high-performance computing systems. The company announced on January 28, 2026, that it secured $50 million in strategic investments from AMD, Arm, Coherent, Meta, Samsung Catalyst Fund, and Intel Capital. This funding, described as a Series C round in one source, aims to accelerate the commercialization of Eliyan's NuLink PHY and NuGear chiplet families, which address memory and I/O bottlenecks in next-generation AI systems by enabling efficient on-package chiplet integration and high-bandwidth interconnects. Eliyan's technology includes silicon-proven 64G die-to-die (D2D) connectivity, with a roadmap extending to 224G and 448G chip-to-chip interconnects supporting scale-up bandwidths from 1.6T to 12.8T. The NuLink PHY portfolio covers multiple connectivity domains for disaggregated AI architectures across data centers, cloud, edge, and high-performance computing. The investments reflect growing demand for power-efficient, high-bandwidth solutions as AI systems move beyond monolithic designs toward chiplet-based scalability. The funding will support manufacturing and qualification of next-generation interconnect IP and chiplet products, expansion of ecosystem partnerships, and broader deployment in AI infrastructure. CEO Ramin Farjadrad highlighted the backing from industry leaders deploying AI at massive scale, positioning Eliyan to enable future architectures including early SPHBM4e silicon and SHHBM5. Intel Capital's Srini Ananth emphasized Eliyan's role in solving critical challenges for chiplet-based systems across markets. No financial metrics such as post-money valuation, revenue, ARR, EBITDA, or valuation multiples were disclosed in the announcements. The round reinforces broad industry support for Eliyan's roadmap amid advancing AI system requirements.
Mar 2024Series BSamsung Catalyst Fund (lead); Tiger Global (lead); Cleveland Avenue; MESH; SK Hynix; Intel Capital$60M-Eliyan Corporation is a chiplet interconnect startup founded in 2021 by Ramin Farjadrad (former CTO and VP of networking at Marvell Semiconductor) and Syrus Ziai. The company has developed proprietary NuLink technology that enables high-performance, power-efficient interconnect solutions for multi-die semiconductor architectures, achieving up to four times the performance and half the power consumption of competing solutions. Eliyan's technology targets advanced AI chips and addresses critical manufacturing challenges including high costs, low yield, power consumption, complexity, and size limitations. On March 25, 2024, Eliyan closed a $60 million Series B funding round co-led by Samsung Catalyst Fund and Tiger Global Management, with participation from existing investors Intel Capital, SK hynix, Cleveland Avenue, and Mesh Ventures. This round followed a $40 million Series A completed in 2022. The capital was allocated to advance chiplet interconnect technology development, commercialization efforts, and product line expansion across die-to-die, die-to-memory, and chip-to-chip interconnect applications, as well as to support corporate infrastructure in sales, marketing, and administration. By August 2024, Eliyan had crossed the $100 million total funding threshold with a strategic investment from VentureTech Alliance, the venture arm of Taiwan Semiconductor Manufacturing Company. The company achieved significant technical milestones, including completion of its NuLink interconnect design on TSMC's three-nanometer manufacturing process, supporting data throughput of up to 64 gigabits per second per link. The technology had achieved commercial readiness with tape outs in advanced processes by the time of the Series B announcement.
Nov 2022Series ATracker Capital Management (lead); Micron Ventures; Celesta Capital; Intel Capital$40M-Eliyan Corporation develops high-performance chiplet interconnect technology, including Bunch of Wires (BoW), for die-to-die (D2D), die-to-memory (D2M), and chip-to-chip (C2C) applications in AI, high-performance computing, and multi-die semiconductor systems. The company licenses its interconnect IP to semiconductor designers and manufacturers to enable scalable, power-efficient solutions. Founded in 2021 and based in Santa Clara, California, Eliyan has attracted investments from strategic players in the semiconductor and AI ecosystems, including Intel Capital, Celesta Capital, Micron Ventures, Tracker Capital Management, Samsung Catalyst Fund, and others. This brought total funding toward $100 million at that point. A subsequent strategic investment from VentureTech Alliance in August 2024 pushed cumulative investment over $100 million, supporting commercialization, product expansion, sales, marketing, and infrastructure growth. A $50 million Series C was also noted, following the Series B, with investors including AMD, Arm, Coherent, and Meta alongside existing backers like Samsung Catalyst Fund and Intel Capital. Eliyan's technology addresses demands for advanced packaging and interconnects in leading-edge manufacturing for AI chip ecosystems, with broad support from foundries and memory suppliers. The company positions itself as a pioneer in efficient chiplet interconnects amid rising multi-die architectures.

Who has invested in Eliyan?

15 investors have backed Eliyan across its funding rounds, including Intel Capital, Samsung Catalyst Fund, Tiger Global, Cisco Investments, Celesta Capital and Cleveland Avenue.

Lead investors include Seligman Ventures, Samsung Catalyst Fund, Tiger Global and Tracker Capital Management.


Eliyan Investors

Investors in Eliyan by funding rounds participated
InvestorHQRoundsRoleFirst check
Intel CapitalUnited StatesSanta Clara, CA3ParticipantNov 2022
Samsung Catalyst FundUnited StatesSan Francisco, CA2LeadMar 2024
Tracker Capital ManagementUnited StatesNew York City, NY1LeadNov 2022
Seligman VenturesUnited StatesGreenwich, CT1LeadJul 2026
Cleveland AvenueUnited StatesChicago, IL1ParticipantMar 2024
ARMUnited KingdomLondon1ParticipantJan 2026
AMDUnited StatesSan Jose, CA1ParticipantJan 2026
Cisco InvestmentsUnited StatesUnited States1ParticipantJul 2026
Micron VenturesUnited StatesBoise, ID1ParticipantNov 2022
MESHTaiwanTaipei1ParticipantMar 2024
SK HynixSouth KoreaSouth Korea1ParticipantMar 2024
Tiger GlobalUnited StatesNew York City, NY1LeadMar 2024
MetaUnited StatesSan Francisco, CA1ParticipantJan 2026

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Eliyan Competitors

Eliyan competitors include listed companies like POET Technologies and Pasqal, and private ones like IQM Quantum Computers, SeeQC, Velaura AI and Axera.

Public and private companies comparable to Eliyan
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IQM Quantum ComputersFinlandEspooPrivate$35M-$1B28.6x
SeeQCUnited StatesNew York City, NYPrivate--$1B-
Velaura AIUnited StatesSan Jose, CAPrivate--$1B-
AxeraChinaBeijingPrivate--$888M-
POET TechnologiesCanadaCanadaPublicly listed$1M($60M)$1.3B106.5x
PasqalFranceFrancePublicly listed$19M($92M)$1.7B-

Eliyan Public Comps

Eliyan is still privately-owned, but its public comps include Chengdu RML Technology, Smarter Microelectronics, Towa, Sitronix, Foxsemicon, FourSemi, MTCN Technology, MegaChips, Skyworth Group and Arteris.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Chengdu RML Technology$110M$29M6.5x-24.5x-
Smarter Microelectronics$120M($31M)7.7x7.8x(30.2x)(31.1x)
Towa$350M$66M2.7x2.5x14.5x12.5x
Sitronix$596M$89M1.3x-8.8x-
Foxsemicon$654M$115M1.5x1.3x8.5x9.4x
FourSemi$55M($7M)16.8x-(122.6x)-
MTCN Technology$64M$17M17.0x-62.9x-
MegaChips$233M$90M3.7x3.4x9.5x62.8x

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Common questions about Eliyan

When was Eliyan founded?Eliyan was founded in 2021.
Where is Eliyan headquartered?Eliyan is headquartered in San Jose, CA, United States.
Is Eliyan publicly listed?No, Eliyan is a private, VC-backed company.
What is Eliyan's valuation?Eliyan was last valued at $1B in its Series C in July 2026.
How much funding has Eliyan raised?Eliyan has raised $295M across 4 funding rounds.
What was Eliyan's last funding round?Eliyan's last funding round was a $145M Series C in July 2026, led by Seligman Ventures.
Who are Eliyan's investors?Eliyan's investors include Intel Capital, Samsung Catalyst Fund, Tracker Capital Management, Seligman Ventures, Cleveland Avenue, ARM, AMD, Cisco Investments, Micron Ventures, MESH and 5 others.
Which companies are comparable to Eliyan?Companies comparable to Eliyan include IQM Quantum Computers, SeeQC, Velaura AI, Axera, POET Technologies and Pasqal.

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