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- PowerLattice Technologies
PowerLattice Technologies Funding, Investors & Competitors
PowerLattice Technologies has raised $128M across 3 funding rounds, most recently a $86M undisclosed-stage round in October 2026.
Last PowerLattice Technologies funding round
$86M
Undisclosed stage · Oct 2026
Cumulative funding PowerLattice Technologies raised
$128M
across 3 funding rounds
Key investors in PowerLattice Technologies
Celesta Capital
Playground Global
About PowerLattice Technologies
PowerLattice Technologies is a Silicon Valley-based semiconductor firm specializing in power delivery chiplets for AI accelerators and data center hardware. Its integrated power management solutions combine voltage regulation with compute functions to supply precise power directly to chips, boosting performance and efficiency in hyperscale environments. The company addresses thermal and reliability challenges in GPU clusters for training large language models and inference workloads, partnering with major AI hardware vendors.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
PowerLattice Technologies Funding History
PowerLattice Technologies has raised a total of $128M across 3 funding rounds.
PowerLattice Technologies' first fundraising round was a $17M undisclosed-stage round in May 2025. The most recent completed round was a $86M undisclosed-stage round in October 2026.
PowerLattice Technologies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | - | $86M | Powerlattice Technologies, a fabless semiconductor company developing a power delivery chiplet for AI processors, disclosed in a Form D filed with the US SEC on 30 October 2026 that it had sold $86,009,965 of a $111,010,000 equity offering. The date of first sale was 15 October 2026, and eighteen accredited investors had already invested. The filing names no lead investor. The new money nearly triples what the company had raised when it emerged from stealth in 2025, which included a $25 million Series A led by Playground Global and Celesta Capital. Powerlattice develops integrated power chiplets that it says cut the power drawn by AI accelerators and GPUs by 50% or more, addressing chips that are pushing past 2,000 watts. The company was incorporated in Delaware in 2023 by Peng Zou, its chief executive and a former Qualcomm, NUVIA, Huawei and Intel engineer, together with Gang Ren and Sujith Dermal. It is based in Vancouver, Washington. |
| Nov 2025 | Series A | Celesta Capital (lead); Playground Global (lead) | $25M | PowerLattice Technologies is a semiconductor startup founded in 2023, headquartered in Vancouver, WA, with offices in Chandler, AZ, developing the industry's first power delivery chiplet for next-generation AI accelerators. The chiplet tightly integrates power and compute to deliver power precisely where needed, reducing total compute power needs by more than 50%, doubling performance, and addressing cost-performance, reliability, and cooling bottlenecks in AI data centers. On November 17, 2025, PowerLattice emerged from stealth and announced a $25 million Series A funding round co-led by Playground Global and Celesta Capital, bringing total funding to $31 million including a prior seed round of approximately $6 million. Both lead investors took board seats, with former Intel CEO Pat Gelsinger joining via Playground Global and Dr. Steve Fu from Celesta Capital. The funding validates the technology's potential in solving AI power constraints, as highlighted by Gelsinger and Fu. Founded by semiconductor veterans Dr. Peng Zou, Gang Ren, and Sujith Dermal from Qualcomm, NUVIA, and Intel, the company has about 20 employees and is actively sampling its product with organizations, planning broader testing in the first half of 2026. Potential customers include major chipmakers like Nvidia, Broadcom, AMD, and AI developers such as Groq and d-Matrix. PowerLattice focuses on AI-specific efficiency gains over 50%, differentiating in a market challenged by NVIDIA's ecosystem dominance, with optimistic projections for $500M+ annual revenue by 2028 if capturing 10% of next-gen accelerators. |
| May 2025 | Undisclosed stage | - | $17M | PowerLattice Technologies develops a power delivery chiplet that tightly integrates power and compute for next-generation AI accelerators, reducing compute power needs by more than 50% and effectively doubling performance. The company emerged from stealth in November 2025 with a $25 million Series A funding round co-led by Playground Global and Celesta Capital, bringing total funding to $31 million since its 2023 founding. Former Intel CEO Pat Gelsinger joined the board via Playground Global. The chiplet uses on-die magnetic inductors, advanced micro-IVR circuits, vertical design, and programmable software to deliver power precisely where needed, addressing power constraints in AI data centers. Early silicon is complete, with engineering samples shipping to partners like NVIDIA and AMD in 2026. Funds will accelerate chiplet production, expand samples, scale operations, and forge partnerships with major chipmakers. PowerLattice, headquartered in Vancouver, WA, with offices in Chandler, AZ, was founded by semiconductor veterans from Qualcomm, Intel, and NUVIA. The company targets a market bottleneck where AI growth is limited by energy efficiency, competing with firms like Empower Semiconductor. |
Who has invested in PowerLattice Technologies?
2 investors have backed PowerLattice Technologies across its funding rounds, including Celesta Capital and Playground Global.
Lead investors include Celesta Capital and Playground Global.
PowerLattice Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialPowerLattice Technologies Competitors
PowerLattice Technologies competitors include listed companies like NVIDIA, TSMC, Broadcom and Micron, and private ones like Hithium Energy Storage and Yangtze Memory Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $4.2B | - | ||
| Publicly listed | $216B | $142B | $4.5T | 12.3x | ||
| Publicly listed | $116B | $80B | $1.7T | 9.7x | ||
| Publicly listed | $64B | $34B | $1.4T | 13.4x | ||
| Publicly listed | $133B | $108B | $781B | 4.6x | ||
| Private | - | - | $23B | - |
PowerLattice Technologies Public Comps
PowerLattice Technologies is still privately-owned, but its public comps include NVIDIA, TSMC, Broadcom, Samsung, Micron, AMD, SK hynix, ASML, CXMT and Intel.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 20.8x | 12.3x | 31.5x | 18.7x | |||
| $116B | $80B | 13.8x | 9.7x | 19.9x | 13.3x | |||
| $64B | $34B | 22.5x | 13.4x | 41.8x | 19.7x | |||
| $247B | $68B | 3.1x | 1.6x | 11.3x | 2.7x | |||
| $133B | $108B | 5.6x | 4.6x | 6.9x | 5.5x | |||
| $35B | $7.1B | 21.1x | 14.7x | 103.3x | 55.6x | |||
| $72B | $48B | 7.5x | 2.3x | 11.3x | 2.8x | |||
| $37B | $14B | 14.8x | 11.3x | 39.3x | 26.2x | |||
This data is available for Pro users. Sign up to see all PowerLattice Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about PowerLattice Technologies
| When was PowerLattice Technologies founded? | PowerLattice Technologies was founded in 2023. |
| Where is PowerLattice Technologies headquartered? | PowerLattice Technologies is headquartered in United States. |
| Is PowerLattice Technologies publicly listed? | No, PowerLattice Technologies is a private, VC-backed company. |
| How much funding has PowerLattice Technologies raised? | PowerLattice Technologies has raised $128M across 3 funding rounds. |
| What was PowerLattice Technologies' last funding round? | PowerLattice Technologies' last funding round was a $86M undisclosed-stage round in October 2026. |
| Who are PowerLattice Technologies' investors? | PowerLattice Technologies' investors include Playground Global and Celesta Capital. |
| Which companies are comparable to PowerLattice Technologies? | Companies comparable to PowerLattice Technologies include Hithium Energy Storage, NVIDIA, TSMC, Broadcom, Micron and Yangtze Memory Technologies. |
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