Kandou AI Valuation, Funding & Investors
Kandou AI is valued at $400M as of March 2026.
Last Kandou AI valuation
$400M
Undisclosed stage · Mar 2026
Last Kandou AI funding round
$225M
Undisclosed stage · Mar 2026
Cumulative funding Kandou AI raised
$480M
across 6 funding rounds
Key investors in Kandou AI
Bessemer Venture Partners
Walden International
Swisscom Ventures
Kreos Capital
Forestay Capital
Columbia Lake Partners
About Kandou AI
Kandou AI designs high-speed, pin- and energy-efficient chip-to-chip links, SerDes, and related technologies. The company increases bit-rate and reach while reducing power consumption in serial links. Kandou AI's team in Switzerland, the UK, and the US develops approaches for higher bandwidth demands.
Founded
2011
HQ
LausanneWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$400M (Mar 2026)
Kandou AI Valuation
Kandou AI is currently valued at $400M, based on its undisclosed-stage round in March 2026.
The $225M round was led by Maverick Silicon, with participation from Alchip Technologies, SoftBank Group, Cadence Design Systems and Synopsys.
Kandou AI's valuation has grown 5.1x from $78M at its Series B in July 2018 to $400M in March 2026, across 2 priced rounds.
Kandou AI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2026 | Undisclosed stage | $400M |
| Jul 2018 | Series B | $78M |
Kandou AI Funding History
Kandou AI has raised a total of $480M across 6 funding rounds.
Kandou AI's first fundraising round was a $15M Series B in July 2018. The most recent completed round was a $225M undisclosed-stage round in March 2026.
Kandou AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | Maverick Silicon (lead); Alchip Technologies; SoftBank Group; Cadence Design Systems; Synopsys | $225M | $400M | - |
| Aug 2023 | Undisclosed stage | Climb Ventures | $72M | - | Kandou Bus is a semiconductor company specializing in high-speed, high-quality signal conditioning solutions for wired connectivity, innovating in computing interconnect technologies like Matterhorn to meet growing customer demand. The company announced a first close of its $100 million equity financing round on August 24, 2023, securing $72.3 million from undisclosed investors, bringing total investment to $280 million. A second close of $27.7 million was planned later that year to support global expansion and delivery of solutions to more customers. Climb Ventures participated in prior rounds, including Series C in 2020. Previous funding includes Series A $10M in 2012, Private Equity $15M in 2016 led by Bessemer Venture Partners, Series C $92.5M in 2020 with Climb Ventures, Swiss Select Opportunities, and Bessemer, and Series D $75M in 2021 with DC Investment Partners and Bessemer. The funding underscores investor confidence in Kandou's technology for disrupting high-speed data transmission in large markets, positioning it strongly in the Swiss tech ecosystem. |
| Dec 2021 | Series D | DC Investment Partners (lead); Swisscom Ventures; Bessemer Venture Partners | $75M | - | Kandou Bus is an innovative leader in high-speed, energy-efficient chip-to-chip link solutions, focusing on technologies like Matterhorn, a USB-C multiprotocol retimer with USB4 support for consumer and networking applications, and Chord signaling IP for ultra-short and long-reach signaling. The company closed its Series D funding round on December 16, 2021, raising $75 million led by DC Investment Partners with participation from Bessemer Venture Partners and Swisscom Ventures, bringing total funding to $207.8 million across multiple rounds. Proceeds were allocated to ramp production of the Matterhorn silicon product to meet customer demand and advance development of new silicon products and Chord signaling technology roadmaps. Prior rounds included a Series C in 2020 raising $92.5 million supported by Climb Ventures, Swiss Select Opportunities, and Bessemer Venture Partners, a Private Equity round in 2016 of $15 million led by Bessemer, and earlier Series A funding. The Series D followed a Series C - II in November 2020, reflecting ongoing investor confidence in Kandou's innovations disrupting computing interconnects in large markets like consumer electronics and data centers. Kandou continued fundraising post-Series D with a Series E round of $72 million in 2023, achieving total funding exceeding $264 million across five rounds as of that time, signaling intent for scaling, R&D, global expansion, and leadership in high-speed interconnect solutions amid rising demand for advanced connectivity. |
| Nov 2020 | Series C | Bessemer Venture Partners (lead); Climb Ventures; Forestay Capital; Kreos Capital; Swisscom Ventures; Raging Capital; Walden International; Fayerweather Fund; Flexstone Partners; Digital Transformation Fund; Columbia Lake Partners | $36M | - | Kandou Bus is a Swiss-based company developing SerDes IP and chip solutions using proprietary Chord signaling technology for high-speed, low-power chip-to-chip interconnects, including the Matterhorn platform. The Series C funding round on November 17, 2020, raised $92.3 million (or $92.5 million per some sources), led by Bessemer Venture Partners with participation from existing investors and new ones Climb Ventures and Swiss Select Opportunities managed by Flexstone Partners. This brought total funding to $132.8 million at that time. The funding was intended to meet growing customer demand for Matterhorn high-speed connectivity solutions and support continued innovation in inter- and intra-chip connectivity. Bessemer Venture Partners highlighted Kandou's technology as fundamental to future data movement needs in computing. Climb Ventures praised Kandou as a promising Swiss startup disrupting computing interconnects with deep innovations in large markets. Subsequent rounds included Series D ($75M in 2021) and Series E ($72M in 2023). |
| Sep 2019 | Series C | Bessemer Venture Partners (lead); Forestay Capital; Kreos Capital; Swisscom Ventures; Raging Capital; Walden International; Fayerweather Fund; Digital Transformation Fund; Columbia Lake Partners | $56M | - | Kandou Bus is a Swiss-based company developing SerDes IP and chip solutions using proprietary Chord signaling technology, which enables higher bandwidth and lower power consumption compared to traditional methods for chip-to-chip interconnects. The technology targets applications requiring high-speed, energy-efficient connectivity, with products like Matterhorn, a USB-C multiprotocol retimer supporting USB4 for consumer and networking devices. On September 22, 2019, the company completed a funding round raising $56 million led by Bessemer Venture Partners, with participation from investors including Columbia Lake Partners, Digital Transformation Fund, Fayerweather Fund, Forestay Capital, Kreos Capital, Raging Capital, Swisscom Ventures, and Walden International, at a post-money valuation of $1,125 million according to SignalRank data. This 2019 round built on prior funding, including a Series B in July 2018 raising $15 million from Bessemer Venture Partners and Walden International, which supported R&D milestones and design wins. The company demonstrated progress with four generations of SerDes IP, emphasizing board, pin, and silicon efficiency alongside noise resistance. Customer demand for Chord signaling architectures was growing, positioning Kandou to expand deployments across future chip generations. Subsequent rounds included a Series C in November 2020 raising $92.3 million led by Bessemer, bringing total funding to $132.8 million with new investors Climb Ventures and Swiss Select Opportunities, and a Series D in December 2021 raising $75 million, increasing total investment to $207.8 million to ramp Matterhorn production and advance Chord IP roadmaps. Bessemer Venture Partners maintained leadership across multiple rounds, highlighting Kandou's innovations in disrupting computing interconnects within large markets. |
| Jul 2018 | Series B | Bessemer Venture Partners (lead); Walden International (lead) | $15M | $78M | Kandou Bus, a Lausanne-based EPFL spinoff, develops SerDes IP and chip solutions using Chord signaling for enhanced chip-to-chip communications in applications from mobile devices to hyperscale data centers, high-performance computing, and AI/machine learning. Leading semiconductor companies like Marvell use Kandou's technology. On July 24-25, 2018, Kandou Bus closed its Series B funding round, raising $15M led by Bessemer Venture Partners and Walden International. The post-money valuation was $78.35M. The funding supports expansion of research, development, productization, and deployment of Chord signaling SerDes IP licensing and chip solutions in response to growing customer demand. Kandou had accomplished critical R&D milestones and key design wins prior to the round. Bessemer Venture Partners, a $5B global VC firm, and Walden International, managing $2.7B with investments in over 500 companies, backed the round. |
Who has invested in Kandou AI?
17 investors have backed Kandou AI across its funding rounds, including Bessemer Venture Partners, Walden International, Swisscom Ventures, Kreos Capital, Forestay Capital and Columbia Lake Partners.
Lead investors include Maverick Silicon, DC Investment Partners, Bessemer Venture Partners and Walden International.
Kandou AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 4 | Lead | Jul 2018 | |
| Zurich | 3 | Participant | Sep 2019 | |
| San Francisco, CA | 3 | Lead | Jul 2018 | |
| Geneva | 2 | Participant | Nov 2020 | |
| Geneva | 2 | Participant | Sep 2019 | |
 London | 2 | Participant | Sep 2019 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Raging Capital | New York City, NY | 2 | Participant | Sep 2019 |
| Fayerweather Fund | United States | 2 | Participant | Sep 2019 |
| Digital Transformation Fund | Zurich | 2 | Participant | Sep 2019 |
| London | 2 | Participant | Sep 2019 | |
| United States | 1 | Participant | Mar 2026 | |
| Washington, DC | 1 | Lead | Dec 2021 | |
 Tokyo | 1 | Participant | Mar 2026 | |
This data is available for Pro users. Sign up to see all 17 Kandou AI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialKandou AI Competitors
Kandou AI competitors include listed companies like SemiFive and Fixstars, and private ones like JLQ Technology, Quadric, XINYI Information Technology Ltd and Dixin Gravity Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 South Korea | Publicly listed | $80M | ($31M) | $372M | 3.5x | |
 Shanghai | Private | - | - | $441M | - | |
| San Francisco, CA | Private | $20M | - | $316M | 15.8x | |
| Shanghai | Private | - | - | $522M | - | |
| Hangzhou | Private | - | - | $295M | - | |
| Japan | Publicly listed | $62M | $18M | $456M | 5.9x |
Kandou AI Public Comps
Kandou AI is still privately-owned, but its public comps include Moschip Technologies, LX Semicon, SemiFive, Everspin, Fixstars, Semco Technologies, Corvex, NVE, SEALSQ and U-LEAM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $61M | $6M | 6.8x | - | 72.8x | - | |||
| $1.2B | $97M | 0.1x | - | 1.1x | - | |||
| $80M | ($31M) | 5.5x | 3.5x | (14.0x) | (31.6x) | |||
| $55M | $1M | 5.8x | 4.6x | 287.9x | 24.0x | |||
| $62M | $18M | 6.7x | 5.9x | 23.5x | - | |||
| $39M | $17M | 11.6x | 10.1x | 27.3x | 23.7x | |||
| $433K | ($15M) | 2054.0x | - | (57.9x) | - | |||
| $26M | $16M | 17.7x | - | 28.4x | - | |||
This data is available for Pro users. Sign up to see all Kandou AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kandou AI
| When was Kandou AI founded? | Kandou AI was founded in 2011. |
| Where is Kandou AI headquartered? | Kandou AI is headquartered in Lausanne, Switzerland. |
| Is Kandou AI publicly listed? | No, Kandou AI is a private, VC-backed company. |
| What is Kandou AI's valuation? | Kandou AI was last valued at $400M in its undisclosed-stage round in March 2026. |
| How much funding has Kandou AI raised? | Kandou AI has raised $480M across 6 funding rounds. |
| What was Kandou AI's last funding round? | Kandou AI's last funding round was a $225M undisclosed-stage round in March 2026, led by Maverick Silicon. |
| Who are Kandou AI's investors? | Kandou AI's investors include Bessemer Venture Partners, Swisscom Ventures, Walden International, Climb Ventures, Forestay Capital, Kreos Capital, Raging Capital, Fayerweather Fund, Digital Transformation Fund, Columbia Lake Partners and 7 others. |
| Which companies are comparable to Kandou AI? | Companies comparable to Kandou AI include SemiFive, JLQ Technology, Quadric, XINYI Information Technology Ltd, Dixin Gravity Technology and Fixstars. |
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