When was Achronix founded?

Achronix was founded in 2004 and raised its 1st funding round 3 years after it was founded.

Where is Achronix located?

Achronix is headquartered in Santa Clara, United States. It is registered at Bridge, PS 20, 2nd Floor, Ascendas Park Square Mall, Whitefiled Road, ITPB, Whitefield, Bangalore, Bangalore South, Karnataka, India, 560066.

How many employees does Achronix have?

As of Sep 30, 2026, the latest employee count at Achronix is 115.

Is Achronix a funded company?

Achronix is a funded company, having raised a total of $132M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 23, 2007.

How much is Achronix worth?

The latest valuation of Achronix is $***** as of Jan 07, 2021.

When was the latest funding round of Achronix?

Achronix's latest funding was a $***** Conventional Debt round on Apr 09, 2013, with participation from 0 investor. Its primary sector is Embedded Systems. In United States, the Embedded Systems sector has seen $418M in funding in 2026 to date.

What is the annual revenue of Achronix?

Annual revenue of Achronix is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Achronix rank among its competitors?

Achronix ranks 7th amongst 142 active competitors, of which 23 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Efficient Computer, which secured $97M in Sep, 2026.

Who are the top competitors of Achronix?

Achronix's top competitors include Altera, EFinix and Efficient Computer. Among them, Efficient Computer secured the most recent funding round in September, 2026.

Achronix - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of field-programmable gate arrays and IPs. Its features include 2D network-on-chip, high-speed interfaces, and machine learning processors. It also offers FPGA design tools and embedded FPGA IPs. It has use cases in multiple applications including networking, telecom, high-performance computing, military, and security.

Website: achronix.com
Registered Address: Bridge, PS 20, 2nd Floor, Ascendas Park Square Mall, Whitefiled Road, ITPB, Whitefield, Bangalore, Bangalore South, Karnataka, India, 560066

Key Metrics

Founded Year

2004

Location

Santa Clara, United States

Stage

Series C

Total Funding

$132M in 6 rounds

Latest Funding Round

Conventional Debt, Apr 09, 2013, $*****

Post Money Valuation

$***** as on Jan 07, 2021

Investors

New Science Ventures & 6 more

Ranked

7^th among 142 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

115 as on Sep 30, 2026

Similar Companies

Altera & 106 more

View Achronix's full profile

Achronix is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ACHRONIX SEMICONDUCTOR (INDIA) PRIVATE LIMITED CIN: U72100KA2007FTC044717 , India, Active	Dec 19, 2007	₹10 - ₹50 Cr (As on Mar 31, 2025)	26 (As on Aug 31, 2024)
ACHRONIX SEMICONDUCTOR CORPORATI CIN: 204342651 , United States, Active		-	102 (As on Dec 31, 2024)	-

Achronix has raised a total funding of $132M over 6 rounds. Its first funding round was on Jan 23, 2007. Achronix has 7 institutional investors.

Here is the list of recent funding rounds of Achronix:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 09, 2013	7831254	Conventional Debt	8876677	2185095	5326017	8988642
Feb 05, 2013	3645933	Conventional Debt	3414754	8098308	1441151	1678535
Aug 01, 2012	8969042	Series C	2722324	5292036	5953020	1749153

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View details of Achronix's funding rounds and investors

The founders of Achronix are Virantha N Ekanayake, Rajit Manohar, Clinton W Kelly and Virantha Ekanayake.

Here are the details of Achronix's key team members:

Virantha N Ekanayake: Co-Founder & CTO of Achronix.
Rajit Manohar: Founder and CTO of Achronix.
Clinton W Kelly: Former Co-Founder of Achronix.
Virantha Ekanayake: Co-founder and Director of Engineering, Core Technology of Achronix.

Achronix's Board of Directors

Achronix's board has 2 active members. Robert Blake is part of team and Ganesh E Meharwade is independent board member.

Here is the list of Achronix's board of directors:

Name	Type	Representing	Status	Duration
iydsjsv	Team	-	Current	5y 9m
Ganesh E Meharwade	Independent board member	-	Current	4y 2m

View details of Achronix's Founder profiles and Board Members

Achronix's employee count trend

Achronix has 115 employees as of Sep 26. Here is Achronix's employee count trend over the years:

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Top competitors of Achronix include Altera, EFinix and Efficient Computer. Here is the list of Top 10 competitors of Achronix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Altera 1983, San Jose (United States), Acquired	Provider of programmable solutions including FPGAs, CPLDs, intellectual property and development tools	-	Silver Lake, daVinci Capital Group & 2 others	67/100
2nd	EFinix 2012, Santa Clara (United States), Series A	Provider of programmable logic cores	$9.75M	Xilinx, Alibaba Entrepreneurs Fund & 7 others	64/100
3rd	Efficient Computer 2022, Pittsburgh (United States), Series B	Programmable processor architecture for computers	$173M	Eclipse, TQ Ventures & 15 others	64/100
4th	Logic Fruit Technologies 2009, Gurugram (India), Seed	Developer of semiconductor intellectual property and embedded system hardware solutions	$3.53M	Baring Private Equity Partners, Paras Defence & Space Technologies ... & 14 others	64/100
5th	Lattice Semiconductor 1983, Portland (United States), Public	Manufacturer of low power field programmable gate arrays and software	-	Lion Point, Tensility Venture Partner	63/100
6th	Gowin Semiconductor 2014, Guangzhou (China), Series B	Provider of FPGA devices, design tools, IP cores, and development kits	$132M	-	63/100
7th	Achronix 2004, Santa Clara (United States), Series C	Manufacturer of AI-based field-programmable gate arrays and IPs	$132M	Hercules Capital, New Science Ventures & 5 others	58/100
8th	NanoXplore 2010, Bievres (France), Series B	Fabless semiconductor company which develops IP solutions for embedded FPGA	$23.5M	Europa, MBDA & 1 others	56/100
9th	Xilinx 1984, San Jose (United States), Acquired	Provider of processors, graphics, adaptive SoCs, FPGAs, software, and tools	-	Point Financial, Kleiner Perkins & 8 others	54/100
10th	NanoBridge Semiconductor 2019, Tsukuba (Japan), Series A	Developer of semiconductor technology delivering information and communication technology applications	$2.19M	Real Tech Holdings, NEC & 2 others	48/100

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ACHRONIX SEMICONDUCTOR (INDIA) PRIVATE LIMITED, the legal entity associated with Achronix, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of ACHRONIX SEMICONDUCTOR (INDIA) PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -37% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	4463	3773	5845	4321	5582
Total Sales	8321	5505	5097	4128	8411
Total Expenses	5751	5741	5043	6242	4376
Operating Expenses	2151	1338	5578	1064	7555
Employee Expenses	3036	3071	6932	5429	1035
Operating Income (EBIT)	3519	7711	6385	2848	8364
Interest Expenses	1621	4421	2859	3833	4238
Expenses from other activities	5413	4393	7402	2304	2739
EBITDA	9735	6676	1009	1381	6844
Taxes	3514	7196	8678	6133	4737
Net Profit	4245	8283	2467	6440	8567
Balance Sheet
Assets	7237	7015	6521	2258	7990
Accounts Receivables	5640	3758	1959	7438	5891
Inventory	6293	7882	3227	1772	9466
Liabilities	1989	4473	6244	5232	5598
Total Debt	8800	6374	3842	1596	6229
Accounts Payable	5615	7057	7969	9581	7958
Equities	4857	5771	9915	1620	9953