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- NextSilicon
NextSilicon Valuation, Funding & Investors
NextSilicon is valued at $1.5B as of June 2021.
Last NextSilicon valuation
$1.5B
Series C · Jun 2021
Last NextSilicon funding round
$120M
Series C · Jun 2021
Cumulative funding NextSilicon raised
$203M
across 4 funding rounds
Key investors in NextSilicon
Playground Global
Aleph
Amiti Ventures
Charles and Lynn Schusterman Family Philanthropies
Symbol
Danny Leshem
About NextSilicon
NextSilicon is an Israeli semiconductor startup, founded in 2018 by Elad Raz, that develops high-performance computing chips built on a custom dataflow architecture combined with software algorithms to accelerate compute-intensive workloads. Its chips target supercomputing applications such as molecular dynamics, DNA sequencing, clean energy research, and natural disaster modeling, and the company collaborates with major supercomputing centers, including Sandia National Laboratories, on its Maverick chip series. NextSilicon is also developing the Arbel RISC-V processor as part of its product roadmap.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.5B (Jun 2021)
NextSilicon Valuation
NextSilicon is currently valued at $1.5B, based on its Series C in June 2021.
The $120M round was led by Third Point Ventures, with participation from Charles and Lynn Schusterman Family Philanthropies, Phenomen, Playground Global and Corner Ventures.
NextSilicon valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2021 | Series C | $1.5B |
NextSilicon Funding History
NextSilicon has raised a total of $203M across 4 funding rounds.
NextSilicon's first fundraising round was a $5M seed round in December 2017. The most recent completed round was a $120M Series C in June 2021.
NextSilicon funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series C | Third Point Ventures (lead); Charles and Lynn Schusterman Family Philanthropies; Phenomen; Playground Global; Corner Ventures | $120M | $1.5B | NextSilicon is an Israeli semiconductor startup founded in 2018 by Elad Raz, developing high-performance computing chips with a custom dataflow architecture that leverages software algorithms to accelerate compute-intensive operations for supercomputing applications in fields like molecular dynamics, DNA sequencing, clean energy, and natural disasters. The company collaborates with major supercomputing centers, including Sandia National Laboratories on the Maverick-1 engine, and plans products like Maverick-2 and Arbel RISC-V processor. In June 2021, it completed a Series C funding round of $120 million led by Third Point Ventures, with participation from Playground Global, Aleph, Charles and Lynn Schusterman Family Philanthropies (Schusterman Foundation), Amiti Ventures, Liberty Technology Venture Capital, and Yuval Ariav, bringing total funding to over $200 million at a post-money valuation of approximately $1.5 billion. The round supports chip development completion expected within a year, a hiring push for hardware and software engineers across Tel Aviv, Yokneam, Jerusalem, and Be’er Sheva, and runway for five years to produce three generations of chips. By 2020, NextSilicon had doubled its workforce to 150 employees amid business and technology progress. The funding positions it against incumbents like Nvidia and Intel in high-performance computing, with recent prototype launches after years of development. |
| Oct 2020 | Series B | Playground Global (lead); Charles and Lynn Schusterman Family Philanthropies; Liberty Technology Venture Capital; David Perlmutter; Dean Sysman; Amiti Ventures; Aleph; Shai Morag; Danny Leshem; Symbol; Danny Grander; Yoav Amit | $51M | - | NextSilicon is an Israeli semiconductor startup founded in 2018 by Elad Raz, developing innovative chip architecture to boost processing power for supercomputers and address efficiency in silicon-based computing platforms. The company aims to reshape the computing industry and enhance scientific R&D, positioning itself amid global chip shortages. By 2020, it doubled its workforce to 150 employees across Tel Aviv, Yokneam, Jerusalem, and Be’er Sheva, indicating strong growth in business and technology that year. It has completed multiple funding rounds quietly, with investors including Playground Global, Aleph, Yuval Ariav, Schusterman Family Investments, Amiti, and Liberty funds. A later round, reportedly $120M led by Third Point Ventures with Playground Global participation, valued the company at $1.5B, achieving unicorn status, but this occurred after 2020 and exceeds $200M total raised to date. No details on the specific May 2020 round led by Playground Global with the listed investors, nor any revenue, ARR, or EBITDA metrics near that time, are available in results. The firm was recruiting hardware and software engineers post-2020, with sufficient runway for five years of growth and three generations of chips. |
| Aug 2019 | Series A | Aleph (lead); Playground Global (lead); Shai Morag; Ofir Ehrlich; Danny Leshem; Yoav Amit | $27M | - | - |
| Dec 2017 | Seed | Amiti Ventures (lead); Liberty Israel Venture Fund; Michael Reitblat; Heroic Ventures; Symbol | $5M | - | - |
Who has invested in NextSilicon?
19 investors have backed NextSilicon across its funding rounds, including Playground Global, Aleph, Amiti Ventures, Charles and Lynn Schusterman Family Philanthropies, Symbol and Danny Leshem.
Lead investors include Third Point Ventures, Playground Global, Aleph and Amiti Ventures.
NextSilicon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2019 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Lead | Dec 2017 | ||
| 2 | Lead | Aug 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Dec 2017 | ||
| 2 | Participant | Aug 2019 | ||
| 1 | Participant | Dec 2017 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 19 NextSilicon investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNextSilicon Competitors
NextSilicon competitors include listed companies like Northern Data, Core Scientific and D-Wave Quantum, and private ones like Inspur Cloud, Xsight Labs and Tensordyne.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $2.8B | - | ||
| Publicly listed | $92M | ($36M) | $624M | - | ||
| Private | - | - | $569M | - | ||
| Publicly listed | $319M | ($211M) | $5.5B | 13.9x | ||
| Publicly listed | $25M | ($373M) | $6.7B | 166.4x |
NextSilicon Public Comps
NextSilicon is still privately-owned, but its public comps include SUNeVision, Boost Run, Pasqal, POET Technologies, Cordiant Digital Infrastructure, VNET Group, IQM Quantum Computers, Beijing Topnew Info, Silex Microsystem and Pakistan Telecom.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $374M | $266M | 9.8x | 8.9x | 13.7x | 12.1x | |||
| $27M | ($4M) | 58.1x | 11.8x | (419.7x) | 25.1x | |||
| $19M | ($92M) | 91.5x | - | (18.9x) | - | |||
| $1M | ($60M) | 475.5x | 106.5x | (8.6x) | - | |||
| $221M | - | 6.9x | 6.5x | - | - | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $36M | ($48M) | 46.9x | - | (35.2x) | - | |||
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
This data is available for Pro users. Sign up to see all NextSilicon competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NextSilicon
| When was NextSilicon founded? | NextSilicon was founded in 2017. |
| Where is NextSilicon headquartered? | NextSilicon is headquartered in Tel Aviv, Israel. |
| Is NextSilicon publicly listed? | No, NextSilicon is a private, VC-backed company. |
| What is NextSilicon's valuation? | NextSilicon was last valued at $1.5B in its Series C in June 2021. |
| How much funding has NextSilicon raised? | NextSilicon has raised $203M across 4 funding rounds. |
| What was NextSilicon's last funding round? | NextSilicon's last funding round was a $120M Series C in June 2021, led by Third Point Ventures. |
| Who are NextSilicon's investors? | NextSilicon's investors include Playground Global, Charles and Lynn Schusterman Family Philanthropies, Amiti Ventures, Aleph, Shai Morag, Danny Leshem, Symbol, Yoav Amit, Liberty Israel Venture Fund, Liberty Technology Venture Capital and 9 others. |
| Which companies are comparable to NextSilicon? | Companies comparable to NextSilicon include Inspur Cloud, Xsight Labs, Northern Data, Tensordyne, Core Scientific and D-Wave Quantum. |
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