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 Sep 30, 2026, the latest employee count at NextSilicon is 397.

Is NextSilicon a funded company?

NextSilicon is a funded company, having raised a total of $303M across 3 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 $100M Series C round on Oct 30, 2024, with participation from 0 investor.

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 6th amongst 20 active competitors, of which 13 are funded. It stands 5th 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 NextSilicon?

NextSilicon's top competitors include Groq, Lightmatter and Graphcore Systems. Among them, Groq secured the most recent funding round in August, 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 $303M in funding from investors like Third Point Ventures, Liberty Venture Partners and Playground Global, with a current valuation of $1.5B. The company has 20 active competitors, including 13 funded and 4 that have exited. Its top competitors include companies like Groq, Lightmatter and Graphcore 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

$303M in 3 rounds

Latest Funding Round

Series C, Oct 30, 2024, $100M

Post Money Valuation

$1.5B as on Jun 06, 2021

Investors

Third Point Ventures & 6 more

Ranked

6^th among 20 active competitors

Employee Count

397 as on Sep 30, 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	Reports
Next Silicon Ltd CIN: 515702827 , Israel, Active	Aug 07, 2017	-	-	-

NextSilicon has raised a total funding of $303M over 3 rounds. Its first funding round was on Nov 02, 2020. 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
Oct 30, 2024	$100M	Series C	-	-	-	-
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 397 employees as of Sep 26. Here is NextSilicon's employee count trend over the years:

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Top competitors of NextSilicon include Groq, Lightmatter and Graphcore 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, Mountain View (United States), Series E	Developer of specialized hardware processors for artificial intelligence inference workloads	$2.77B	Disruptive, BlackRock & 54 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, Baillie Gifford & 75 others	68/100
4th	SambaNova Systems 2017, Palo Alto (United States), Series F	Provider of AI-powered software and hardware	$2.48B	General Atlantic, SoftBank Vision Fund & 34 others	65/100
5th	Calligotech 2012, Bengaluru (India), Seed	Developer of computing solutions for high-performance computing and AI workloads	$2.67M	KITVEN, UST & 62 others	63/100
6th	NextSilicon 2017, Tel Aviv (Israel), Series C	Developer of intelligent compute architecture and software-defined hardware acceleration solutions	$303M	Corner Ventures, Amiti & 5 others	61/100
7th	Tachyum 2016, Santa Clara (United States), Series C	Provider of HPC processors	$300M	IPM, IPM Group & 2 others	55/100
8th	Fabric 2022, San Francisco (United States), Series A	Manufacturer of hardware processors designed for accelerating complex cryptographic workloads	$52M	Metaplanet, 1kx & 9 others	48/100
9th	HyperLume 2022, Ottawa (Canada), Acquired	Provider of ultra-low power optical interconnect solutions for HPC	$14.8M	ArcTern Ventures, BDC & 4 others	47/100
10th	Nuvia 2019, Santa Clara (United States), Acquired	Provider of HPC components and processors	$293M	Mithril, Capricorn & 11 others	41/100