Flex Logix - About the company
Flex Logix is an acquired company based in Mountain View (United States), founded in 2014 by Cheng C. Wang and Dejan Markovic. It operates as a Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries. Flex Logix has raised $82M in funding from investors like Lux Capital, Eclipse and Mithril. The company has 200 active competitors, including 61 funded and 16 that have exited. Its top competitors include companies like VeriSilicon, Cerebras and Biren Technology.
Company Details
Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries.. The company's EFLX embedded FPGA technology enables system-on-chip (SoC) designers to embed field-programmable gate arrays (FPGAs) into complex chip designs. With its innovative solutions, Flex Logix aims to accelerate the development of AI-powered applications and provide a cost-effective alternative to traditional FPGA solutions.
- Website
- flex-logix.com
- Social
- Registered Address
- Mountain View, California
Key Metrics
Founded Year
2014
Location
Mountain View, United States
Stage
Acquired
Total Funding
$82M in 4 rounds
Latest Funding Round
Investors
Ranked
38th among 200 active competitors
Employee Count
32 as on Dec 31, 2023
Exit Details
Acquired by Analog Devices (Nov 11, 2024)
Legal entities associated with Flex Logix
Flex Logix is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Flex Logix Technologies, Inc. CIN: 464896870 , United States, Active | Dec 26, 999 | - | 30 (As on Dec 31, 2024) | - |
Flex Logix's acquisition details
Flex Logix got acquired by Analog Devices on Nov 11, 2024.
Click here to take a look at Flex Logix's acquisition in detail
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Flex Logix's funding and investors
Flex Logix has raised a total funding of $82M over 4 rounds. Its first funding round was on May 22, 2014. Its latest funding round was a Series D round on Mar 22, 2021 for $*****. 3 investors participated in its latest round. Flex Logix has 5 institutional investors.
Here is the list of recent funding rounds of Flex Logix:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 22, 2021 | 2276537 | Series D | 7155327 | 5753293 | 5649488 | 6201913 |
May 15, 2017 | 3656757 | Series B | 8401001 | 8884235 | 8607159 | 7250133 |
Oct 26, 2015 | 9991714 | Series A | 3019722 | 7744055 |
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Flex Logix's founders and board of directors
Founder? Claim ProfileThe founders of Flex Logix are Cheng C. Wang and Dejan Markovic.
Here are the details of Flex Logix's key team members:
- Cheng C. Wang: Former Co-Founder & CTO of Flex Logix.
- Dejan Markovic: Co-Founder of Flex Logix.
View details of Flex Logix's Founder profiles and Board Members
Flex Logix's employee count trend
Flex Logix has 32 employees as of Dec 23. The total employee count is 16.0% lower than what it was in Dec 22. Here is Flex Logix's employee count trend over the years:
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Flex Logix's Competitors and alternates
Top competitors of Flex Logix include VeriSilicon, Cerebras and Biren Technology. Here is the list of Top 10 competitors of Flex Logix, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  VeriSilicon 2001, Shanghai (China), Public | Provider of silicon platform-as-a-service which provides design solutions for SOC and SIPs | $92.3M | 76/100 | |
2nd | Cerebras 2015, Sunnyvale (United States), Public | Provider of high-performance AI infrastructure and wafer-scale computing solutions | $2.82B | 72/100 | |
3rd |  Biren Technology 2019, Minhang (China), Public | Developer of AI acceleration modules, cards, and software development platforms | $904M | 70/100 | |
4th |  Celestial AI 2020, Santa Clara (United States), Acquired | Developer of optical interconnect technology for artificial intelligence infrastructure systems | $589M | 68/100 | |
5th |  Axelera AI 2021, Eindhoven (Netherlands), Series C | Manufacturer of hardware accelerators and software for artificial intelligence inference | $450M | 66/100 | |
6th |  MatX 2022, Mountain View (United States), Series B | Provider of custom high-throughput chips specifically optimized for training and serving Large Language Models | $620M | 64/100 | |
7th |  EdgeCortix 2019, Chuo (Japan), Series B | Developer of energy-efficient AI processors, accelerators, modules, cards, and systems | $138M | 63/100 | |
8th |  EnCharge 2022, Santa Clara (United States), Series B | Developer of hardware and software for edge-to-cloud artificial intelligence compute | $144M | 63/100 | |
9th | Platform offering HPC storage accelerator for enterprises | $205M | 63/100 | ||
10th |  Calligotech 2012, Bengaluru (India), Seed | Developer of computing solutions for high-performance computing and AI workloads | $2.67M | 63/100 | |
38th | Flex Logix 2014, Mountain View (United States), Acquired | Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries | $82M | 46/100 |
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Flex Logix's Investments and acquisitions
Flex Logix has made no investments or acquisitions yet.
Reports related to Flex Logix
Here is the latest report on Flex Logix's sector:
News related to Flex Logix
Filter this list•
Vestmark Advisory Solutions Inc. Invests $288,000 in Flex Ltd. (NASDAQ:FLEX)MarketBeat•Mar 10, 2025•Vestmark, Flex Logix
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Flex Raises $225M in Equity and Debt FundingFinSMEs•Mar 05, 2025•Flex, Titanium Ventures, Companyon Ventures, Florida Funders and 7 others
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PragmatIC Semi Gets $80M for Fab in UKEE times•Oct 19, 2021•Pragmatic Semiconductor, Flex Logix, Cambridge Innovation Capital, Avery Dennison and 1 other
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Flex Logix Appoints Lee Leibig As Vice President Of Sales For AI InferenceAiThority•Aug 25, 2021•Flex Logix
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Flex Logix Raises $55m In Series D FinancingFinSMEs•Mar 26, 2021•Flex Logix, Mithril, Lux Capital, Eclipse
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