When was NextSilicon founded?

NextSilicon was founded in 2017 and became a unicorn in 2021, reaching the milestone in 4 years. It raised its 1st funding round 3 years after its incorporation.

Where is NextSilicon located?

NextSilicon is headquartered in Tel Aviv, Israel.

Who is the current CEO of NextSilicon?

Elad Raz of NextSilicon. They have also founded 2 companies.

How many employees does NextSilicon have?

As of May 31, 2026, the latest employee count at NextSilicon is 371.

Is NextSilicon a funded company?

NextSilicon is a funded company, having raised a total of $120M across 2 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Series B round on Nov 02, 2020.

How much is NextSilicon worth?

The latest valuation of NextSilicon is $1.5B as of Jun 06, 2021.

When was the latest funding round of NextSilicon?

NextSilicon's latest funding was a $120M Series C round on Jun 06, 2021, with participation from 6 investors.

Is NextSilicon a High Performance Computing company?

The primary sector of NextSilicon is High Performance Computing.

Where does NextSilicon rank among its competitors?

NextSilicon ranks 5th amongst 16 active competitors, of which 11 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was SambaNova Systems, which secured $350M in Feb, 2026.

Who are the top competitors of NextSilicon?

NextSilicon's top competitors include Groq, Graphcore Systems and SambaNova Systems. Among them, SambaNova Systems secured the most recent funding round in February, 2026.

NextSilicon - 2026 Company Profile, Team, Funding & Competitors

NextSilicon is a series C company based in Tel Aviv (Israel), founded in 2017 by Elad Raz. It operates as a Developer of intelligent compute architecture and software-defined hardware acceleration solutions. NextSilicon has raised $120M in funding from investors like Third Point Ventures, Liberty Venture Partners and Playground Global, with a current valuation of $1.5B. The company has 16 active competitors, including 11 funded and 2 that have exited. Its top competitors include companies like Groq, Graphcore Systems and SambaNova Systems.

Company Details

Developer of intelligent compute architecture and software-defined hardware acceleration solutions. The company provides technology designed for high-performance computing, artificial intelligence, and vector database applications. Its architecture adapts to workloads and supports languages such as C/C++, FORTRAN, OpenMP, and Kokkos. The company focuses on enabling scientists to focus on research.

Website: www.nextsilicon.com/
Email ID: *****@nextsilicon.com

Key Metrics

Founded Year

2017

Location

Tel Aviv, Israel

Stage

Series C

Total Funding

$120M in 2 rounds

Latest Funding Round

Series C, Jun 06, 2021, $120M

Post Money Valuation

$1.5B as on Jun 06, 2021

Investors

Third Point Ventures & 6 more

Ranked

5^th among 16 active competitors

Employee Count

371 as on May 31, 2026

Similar Companies

Groq & 14 more

View NextSilicon's full profile

NextSilicon is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Next Silicon Ltd CIN: 515702827 , Israel, Active	Aug 07, 2017	-	-	-

NextSilicon has raised a total funding of $120M over 2 rounds. Its first funding round was on Nov 02, 2020. Its latest funding round was a Series C round on Jun 06, 2021 for $120M. 6 investors participated in its latest round. NextSilicon has 6 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of NextSilicon:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 06, 2021	$120M	Series C	-	-	Third Point Ventures, Liberty Venture Partners, Amiti	Aleph, Yuval Ariav, Playground Global
Nov 02, 2020	Undisclosed	Series B	-	-	Playground Global	Aleph

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View details of NextSilicon's funding rounds and investors

The founders of NextSilicon is Elad Raz. Elad Raz is the CEO of NextSilicon.

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

Elad Raz: Founder & CEO of NextSilicon and founder of 1 other company.
Contact Info: 1 email address

View details of NextSilicon's Founder profiles and Board Members

NextSilicon's employee count trend

NextSilicon has 371 employees as of May 26. Here is NextSilicon's employee count trend over the years:

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Top competitors of NextSilicon include Groq, Graphcore Systems and SambaNova Systems. Here is the list of Top 10 competitors of NextSilicon, 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	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
3rd	SambaNova Systems 2017, Palo Alto (United States), Series E	Provider of AI-powered software and hardware	$1.48B	BlackRock, SoftBank Vision Fund & 29 others	64/100
4th	Calligotech 2012, Bengaluru (India), Seed	Developer of computing solutions for high-performance computing and AI workloads	$2.67M	KITVEN, UST & 62 others	63/100
5th	NextSilicon 2017, Tel Aviv (Israel), Series C	Developer of intelligent compute architecture and software-defined hardware acceleration solutions	$120M	Corner Ventures, Amiti & 5 others	57/100
6th	Tachyum 2016, Santa Clara (United States), Series C	Provider of HPC processors	$300M	IPM, IPM Group & 2 others	57/100
7th	Fabric 2022, San Francisco (United States), Series A	Developer of hardware-accelerated cryptography solutions for real-time, high-performance systems	$52M	Metaplanet, 1kx & 9 others	48/100
8th	Nuvia 2019, Santa Clara (United States), Acquired	Provider of HPC components and processors	$293M	Mithril, Celesta Capital & 11 others	41/100
9th	Ceremorphic 2020, San Jose (United States), Series A	Developer of compute infrastructure and analog AI for drug design	$50M	-	39/100
10th	RiVAI 2018, Shenzhen (China), Seed	Platform offering HPC processors	-	ByteDance, Baidu Ventures & 8 others	38/100