Innovium joined the Unicorn Club on July 21, 2020 after raising a $170 million Series E funding round led by DFJ Growth and BlackRock. Headquartered in San Jose, California, United States, Innovium develops high-performance semiconductor solutions for data center networking, including the TeraLynx chip with a 12.8 Tbit/s switch on a single 16nm die. Founded by industry veterans from Broadcom and Cavium, the company leverages advanced chip design to solve large-scale networking challenges.
Keep reading to learn how Innovium became a leader in data center infrastructure semiconductors.
What Is Innovium and What Does It Do?
Founded in 2014, Innovium designs and develops high-performance networking semiconductor solutions for data centers. The company’s flagship TeraLynx chip delivers extremely high throughput with low latency, enabling efficient scaling of data center networks. Innovium combines analog and mixed-signal IC design with advanced networking architecture to provide scalable, reliable, and energy-efficient networking solutions for cloud and enterprise data centers.
How Much Funding Has Innovium Raised?
1. Seed Round
- Amount Raised: $10 million
- Date: 2014–2015
- Lead Investors: Premji Invest
- Purpose: Launch company, hire core engineering team, and develop initial semiconductor prototypes
2. Series A Round
- Amount Raised: $25 million
- Date: 2015
- Lead Investors: DFJ Growth
- Purpose: Develop TeraLynx architecture and early silicon prototypes
3. Series B Round
- Amount Raised: $45 million
- Date: 2016
- Lead Investors: DFJ Growth, BlackRock
- Purpose: Scale chip design, prepare for manufacturing, and expand R&D team
4. Series C Round
- Amount Raised: $50 million
- Date: 2017
- Lead Investors: DFJ Growth
- Purpose: Launch TeraLynx chip, expand sales and business development
5. Series D Round
- Amount Raised: $50 million
- Date: 2018
- Lead Investors: DFJ Growth, BlackRock
- Purpose: Scale operations, chip production, and marketing
6. Series E Round
- Amount Raised: $170 million
- Date: July 21, 2020
- Lead Investors: DFJ Growth, BlackRock
- Purpose: Expand semiconductor solutions, scale data center adoption, and accelerate product development
Total Funding Raised: $350 million
Latest Funding Date: July 21, 2020
Latest Known Valuation: Unicorn (>$1 billion)
Key Investors
- DFJ Growth
- Details: Venture capital firm investing in growth-stage technology companies
- Focus Areas: Semiconductors, enterprise technology, and networking
- BlackRock
- Details: Global investment management firm backing high-growth technology companies
- Focus Areas: Technology, data center infrastructure, and scalable enterprise solutions
- Premji Invest
- Details: Investment firm providing early-stage funding to technology startups
- Focus Areas: Semiconductors, cloud infrastructure, and enterprise technology
Where Is Innovium’s Headquarters?
Innovium is headquartered in San Jose, California, United States, supporting engineering, product development, and semiconductor design teams for data center networking solutions.
What’s Next for Innovium?
Innovium plans to continue developing high-performance networking chips for data centers, optimize TeraLynx architecture, and expand adoption among cloud and enterprise providers. The company is focused on scaling production, improving throughput, and delivering energy-efficient, low-latency networking solutions.
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