Eliyan, a startup focused on chiplet interconnect technology, has raised $145 million in a Series C funding round, achieving a $1 billion valuation. [1, 2, 3] The oversubscribed round was led by Seligman Ventures and will be used to expand the company's development of electro-optical interconnects designed to ease data transfer bottlenecks in AI systems. [1, 4]
The financing included new strategic investments from Cisco Investments and Lumentum, joining a list of existing backers that includes AMD, Arm, Intel Capital, and Meta. [1, 10] Eliyan's technology, which facilitates high-speed communication between chips, aims to address key performance constraints in large-scale AI data centers. [3, 8]