Substrate, founded in 2022, raised $100M in a seed round led by Valor Equity Partners and Founders Fund, giving it a $1B valuation. The company specializes in semiconductor fabrication, focusing on advanced chip design and manufacturing solutions. Funding supported fabrication technology development, talent acquisition, and scaling of next-generation semiconductor production. Substrate aims to accelerate high-performance chip availability for emerging applications in AI, cloud computing, and other advanced computing markets.
Keep reading to see how Substrate is advancing semiconductor innovation.
What Is Substrate and What Does It Do?
Substrate, founded in 2022, is a United States–based semiconductor startup (city not publicly disclosed) focused on chip fabrication and manufacturing solutions. Employee count is currently undisclosed.
The company develops advanced semiconductor fabrication techniques, enabling high-performance, energy-efficient chips for AI, cloud computing, and other computing-intensive applications. Substrate emphasizes innovation in manufacturing processes, quality control, and scalability for enterprise and industrial clients.
How Much Funding Has Substrate Raised?
1. Seed Round
- Amount Raised: $100M
- Date: 2022
- Lead Investors: Valor Equity Partners, Founders Fund
- Purpose: Fabrication technology development, scaling operations, talent acquisition
Total Funding Raised: $100M
Latest Funding Date: 2022
Current Valuation: $1B
Key Investors
- Valor Equity Partners
- Details: Growth and venture equity firm investing in disruptive tech companies
- Focus Areas: Industrial tech, semiconductors, enterprise hardware
- Notable Investments: Tech-enabled manufacturing and hardware startups
- Founders Fund
- Details: VC firm focused on ambitious, transformative technologies
- Focus Areas: Aerospace, deep tech, semiconductors
- Notable Investments: SpaceX, Palantir, Substrate
Where Is Substrate’s Headquarters?
Substrate is United States–based; specific city has not been publicly disclosed.
What’s Next for Substrate?
Substrate aims to expand fabrication capabilities, advance semiconductor process technologies, secure strategic industry partnerships, and supply high-performance chips for AI, cloud, and industrial computing applications.
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