When was Fabric founded?

Fabric was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Fabric located?

Fabric is headquartered in San Francisco, United States.

Who is the current CEO of Fabric?

Michael Gao of Fabric. They have also founded 1 company.

How many employees does Fabric have?

As of May 31, 2026, the latest employee count at Fabric is 25.

Is Fabric a funded company?

Fabric is a funded company, having raised a total of $52M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 13, 2022.

When was the latest funding round of Fabric?

Fabric's latest funding was a $***** Series A round on Aug 19, 2024, with participation from 6 investors. Its primary sector is High Performance Computing. In United States, the High Performance Computing sector has seen $8.1B in funding in 2026 to date.

Where does Fabric rank among its competitors?

Fabric ranks 13th amongst 33 active competitors, of which 17 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Groq, which secured $350M in Aug, 2026.

Who are the top competitors of Fabric?

Fabric's top competitors include Groq, Lightmatter and Graphcore Systems. Among them, Groq secured the most recent funding round in August, 2026.

Fabric - 2026 Company Profile, Team, Funding & Competitors

Fabric is a series A company based in San Francisco (United States), founded in 2022 by Sagar Reddy, Michael Gao, Tina Ju and Rami Akeela. It operates as a Manufacturer of hardware processors designed for accelerating complex cryptographic workloads. Fabric has raised $52M in funding from investors like Blockchain Capital, Metaplanet and 1kx. The company has 33 active competitors, including 17 funded and 9 that have exited. Its top competitors include companies like Groq, Lightmatter and Graphcore Systems.

Company Details

Manufacturer of hardware processors designed for accelerating complex cryptographic workloads. These verifiable processing units combine architectural features of processors and application specific circuits to handle cryptographic primitives. The hardware architecture utilizes a network on chip and unified memory to execute instructions for modular arithmetic, hash functions, and witness generation. A custom software compiler and library set support the implementation of various algorithms across these processing units. The technology allows for concurrent cryptographic operations within data centers by utilizing an instruction set tailored for security-focused computations.

Key Metrics

Founded Year

2022

Location

San Francisco, United States

Stage

Series A

Total Funding

$52M in 3 rounds

Latest Funding Round

Series A, Aug 19, 2024, $*****

Investors

Blockchain Capital & 10 more

Ranked

13^th among 33 active competitors

Employee Count

25 as on May 31, 2026

Similar Companies

Groq & 22 more

View Fabric's full profile

Fabric is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FABRIC OF TRUTH, INC CIN: 7229805 , United States, Active	Jan 10, 2023	-	-	-

Fabric has raised a total funding of $52M over 3 rounds. Its first funding round was on Oct 13, 2022. Its latest funding round was a Series A round on Aug 19, 2024 for $*****. 6 investors participated in its latest round. Fabric has 9 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Fabric:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 19, 2024	2443537	Series A	2228714	6141670	9251482	6978688
Jul 25, 2023	3120799	Seed	9985453	1487448	4042187	nil.foundation & 1 more
Oct 13, 2022	5517227	Seed	4413334	2075665	4579622	6573448

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View details of Fabric's funding rounds and investors

The founders of Fabric are Sagar Reddy, Michael Gao, Tina Ju and Rami Akeela. Michael Gao is the CEO of Fabric.

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

Sagar Reddy: Co-Founder of Fabric and founder of 1 other company.
Contact Info: 1 email address
Michael Gao: Founder & CEO of Fabric and founder of 2 other companies, Katena Computing Technologies and Fabric Systems.
Contact Info: 3 email addresses
Tina Ju: Co-Founder of Fabric.
Contact Info: 1 email address
Rami Akeela: Co-Founder of Fabric.
Contact Info: 1 email address

View details of Fabric's Founder profiles and Board Members

Fabric's employee count trend

Fabric has 25 employees as of May 26. Here is Fabric's employee count trend over the years:

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Top competitors of Fabric include Groq, Lightmatter and Graphcore Systems. Here is the list of Top 10 competitors of Fabric, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Groq 2016, Mountain View (United States), Series E	Developer of specialized hardware processors for artificial intelligence inference workloads	$2.77B	Disruptive, BlackRock & 52 others	72/100
2nd	Lightmatter 2017, Boston (United States), Series D	Developer of photonic interconnects and co-packaged optics for AI infrastructure	$850M	Google Ventures, Viking Global Investors ... & 16 others	70/100
3rd	Graphcore Systems 2016, Bristol (United Kingdom), Acquired	Manufacturer of hardware and software for machine learning processing tasks	$742M	Atomico, Merian Global Investors & 74 others	68/100
4th	Bitfury 2011, Amsterdam (Netherlands), Series D	AI and blockchain-based platform offering cryptocurrency mining solutions	$181M	Georgian Co-Investment Fund, QueensBridge Venture Partners ... & 38 others	65/100
5th	SambaNova Systems 2017, Palo Alto (United States), Series F	Provider of AI-powered software and hardware	$2.48B	SoftBank Vision Fund, Google Ventures & 33 others	65/100
6th	Calligotech 2012, Bengaluru (India), Seed	Developer of computing solutions for high-performance computing and AI workloads	$2.67M	KITVEN, UST & 62 others	63/100
7th	Canaan 2013, Hangzhou (China), Public	Developer of ASICs for block-chain computing	$43.7M	Fundamental Labs, Jin Jiang International ... & 2 others	63/100
8th	BTQ 1998, Vancouver (Canada), Public	Provider of a platform offering post-quantum blockchain scaling solution	-	Quadrilium Ventures, A.G.P. Canada	61/100
9th	NextSilicon 2017, Tel Aviv (Israel), Series C	Developer of intelligent compute architecture and software-defined hardware acceleration solutions	$120M	Amiti, Third Point Ventures & 5 others	57/100
10th	Tachyum 2016, Santa Clara (United States), Series C	Provider of HPC processors	$300M	IPM, IPM Group & 2 others	55/100
13th	Fabric 2022, San Francisco (United States), Series A	Manufacturer of hardware processors designed for accelerating complex cryptographic workloads	$52M	Inflection Point Ventures, Metaplanet & 9 others	48/100