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

NextSilicon Overview

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

IsraelTel Aviv

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

NextSilicon valuation by funding round
DateStageValuation
Jun 2021Series 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

NextSilicon funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2021Series CThird Point Ventures (lead); Charles and Lynn Schusterman Family Philanthropies; Phenomen; Playground Global; Corner Ventures$120M$1.5BNextSilicon 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 2020Series BPlayground 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 2019Series AAleph (lead); Playground Global (lead); Shai Morag; Ofir Ehrlich; Danny Leshem; Yoav Amit$27M--
Dec 2017SeedAmiti 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

Investors in NextSilicon by funding rounds participated
InvestorHQRoundsRoleFirst check
Playground GlobalUnited StatesSan Francisco, CA3LeadAug 2019
Charles and Lynn Schusterman Family PhilanthropiesUnited StatesTulsa, OK2ParticipantOct 2020
Amiti VenturesIsraelTel Aviv2LeadDec 2017
AlephIsraelIsrael2LeadAug 2019
Shai MoragIsraelRa'anana2ParticipantAug 2019
Danny LeshemIsraelTel Aviv2ParticipantAug 2019
SymbolIsraelTel Aviv2ParticipantDec 2017
Yoav AmitIsraelIsrael2ParticipantAug 2019
Liberty Israel Venture FundIsraelTel Aviv1ParticipantDec 2017
Liberty Technology Venture CapitalUnited StatesDenver, CO1ParticipantOct 2020
David PerlmutterIsraelIsrael1ParticipantOct 2020
Dean SysmanIsraelIsrael1ParticipantOct 2020
PhenomenUnited KingdomLondon1ParticipantJun 2021

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NextSilicon 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.

Public and private companies comparable to NextSilicon
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Inspur CloudChinaJinanPrivate--$1B-
Xsight LabsIsraelKiryat GatPrivate--$2.8B-
Northern DataGermanyGermanyPublicly listed$92M($36M)$624M-
TensordyneUnited StatesSan Francisco, CAPrivate--$569M-
Core ScientificUnited StatesUnited StatesPublicly listed$319M($211M)$5.5B13.9x
D-Wave QuantumUnited StatesUnited StatesPublicly listed$25M($373M)$6.7B166.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SUNeVision$374M$266M9.8x8.9x13.7x12.1x
Boost Run$27M($4M)58.1x11.8x(419.7x)25.1x
Pasqal$19M($92M)91.5x-(18.9x)-
POET Technologies$1M($60M)475.5x106.5x(8.6x)-
Cordiant Digital Infrastructure$221M-6.9x6.5x--
VNET Group$1.5B$463M4.1x3.7x13.2x11.8x
IQM Quantum Computers$36M($48M)46.9x-(35.2x)-
Beijing Topnew Info$39M($4M)29.7x-(325.1x)-

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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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