When was InnoGrit founded?

InnoGrit was founded in 2016 and raised its 1st funding round 4 years after it was founded.

Where is InnoGrit located?

InnoGrit is headquartered in San Jose, United States.

How many employees does InnoGrit have?

As of Apr 30, 2026, the latest employee count at InnoGrit is 73.

Is InnoGrit a funded company?

InnoGrit is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Dec 22, 2020.

When was the latest funding round of InnoGrit?

InnoGrit's latest funding was a $***** Series B round on Dec 22, 2020, with participation from 2 investors. Its primary sector is AI Infrastructure. In United States, the AI Infrastructure sector has seen $198B in funding in 2026 to date.

Where does InnoGrit rank among its competitors?

InnoGrit ranks 60th amongst 314 active competitors, of which 116 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Cerebras, which secured $850M in Apr, 2026.

Who are the top competitors of InnoGrit?

InnoGrit's top competitors include Groq, Cerebras and Lightmatter. Among them, Cerebras secured the most recent funding round in April, 2026.

InnoGrit - 2026 Company Profile, Team, Funding & Competitors

InnoGrit is a series B company based in San Jose (United States), founded in 2016 by Zining Wu. It operates as a Provider of hardware solutions for data storage and data transport in AI. InnoGrit has raised an undisclosed amount in funding from Perpetual Capital Partners and China Merchants Capital. The company has 314 active competitors, including 116 funded and 25 that have exited. Its top competitors include companies like Groq, Cerebras and Lightmatter.

Company Details

InnoGrit provides hardware solutions for data storage and data transport in AI. Its offerings include integrated data processor and data acceleration engine. The integrated data processor is claimed to optimize data storage and transportation while the acceleration engine reduces network traffic and improves the data processing efficiency. It uses data annotation and data compression technologies to perform computations within storage devices.

Website: innogritcorp.com
Email ID: *****@innogritcorp.com

Key Metrics

Founded Year

2016

Location

San Jose, United States

Stage

Series B

Latest Funding Round

Series B, Dec 22, 2020, $*****

Investors

Perpetual Capital Partners & 6 more

Ranked

60^th among 314 active competitors

Employee Count

73 as on Apr 30, 2026

Similar Companies

Nvidia & 337 more

View InnoGrit's full profile

InnoGrit has raised funding over 1 round. Its latest funding round was a Series B round on Dec 22, 2020 for $*****. 2 investors participated in its latest round. InnoGrit has 7 institutional investors.

Here is the list of recent funding rounds of InnoGrit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 22, 2020	6765860	Series B	4981092	1577956	9170494	8680239

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View details of InnoGrit's funding rounds and investors

The founders of InnoGrit is Zining Wu.

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

Zining Wu: Founder of InnoGrit.
Contact Info: 1 email address

View details of InnoGrit's Founder profiles and Board Members

InnoGrit's employee count trend

InnoGrit has 73 employees as of Apr 26. Here is InnoGrit's employee count trend over the years:

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Top competitors of InnoGrit include Groq, Cerebras and Lightmatter. Here is the list of Top 10 competitors of InnoGrit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Groq 2016, San Jose (United States), Series E	Provider of AI inference platforms and on-premise AI inference clusters	$1.75B	BlackRock, Social Capital & 47 others	72/100
2nd	Cerebras 2015, Sunnyvale (United States), Public	Platform offering computing and artificial intelligence solutions	$2.55B	Fidelity Investments, Foundation Capital ... & 31 others	72/100
3rd	Lightmatter 2017, Boston (United States), Series D	Developer of photonic interconnects and co-packaged optics for AI infrastructure	$850M	Viking Global Investors, Google Ventures ... & 13 others	70/100
4th	Ambarella 2004, Santa Clara (United States), Public	Manufacturer of AI-enabled image processors	$15.4M	Corner Ventures, Riverwood Capital & 7 others	69/100
5th	Graphcore Systems 2016, United Kingdom, Acquired	Manufacturer of hardware and software for machine learning processing tasks	$767M	Atomico, Merian Global Investors & 74 others	68/100
6th	Celestial AI 2020, Santa Clara (United States), Acquired	Developer of optical interconnect technology for artificial intelligence infrastructure systems	$589M	Koch Disruptive Technologies, Fidelity Investments ... & 21 others	68/100
7th	Black Sesame Technologies 2016, Pudong (China), Public	Developer of AI-based chips for machine vision tasks	$500M	Tencent, Xiaomi & 32 others	67/100
8th	Axelera AI 2021, Eindhoven (Netherlands), Series C	Manufacturer of hardware accelerators and software for artificial intelligence inference	$450M	Innovation Industries, Samsung Catalyst Fund ... & 13 others	66/100
9th	SiMa.ai 2018, San Jose (United States), Series C	Developer of hardware and software platform for physical artificial intelligence	$355M	Fidelity Investments, Maverick Capital & 14 others	66/100
10th	Lightelligence 2017, Boston (United States), Series C	Developer of optical chips and software solutions for artificial intelligence based computing	$247M	CICC, Baidu Venture Capital & 19 others	65/100
60th	InnoGrit 2016, San Jose (United States), Series B	Provider of hardware solutions for data storage and data transport in AI	-	RiverHead Capital, Spinnotec & 5 others	52/100