When was Pallidus founded?

Pallidus was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Pallidus located?

Pallidus is headquartered in Houston, United States.

How many employees does Pallidus have?

As of Aug 31, 2026, the latest employee count at Pallidus is 24.

Is Pallidus a funded company?

Pallidus is a funded company, having raised a total of $94.6M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 29, 2015.

When was the latest funding round of Pallidus?

Pallidus' latest funding was a $***** Conventional Debt round on Dec 05, 2023, with participation from 0 investor. Its primary sector is Advanced Materials. In United States, the Advanced Materials sector has seen $462M in funding in 2026 to date.

Where does Pallidus rank among its competitors?

Pallidus ranks 4th amongst 41 active competitors, of which 5 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Advent Diamond, which secured $1.36M in Dec, 2025.

Who are the top competitors of Pallidus?

Pallidus' top competitors include Diamond Foundry, Wolfspeed and Hyperion. Among them, Advent Diamond secured the most recent funding round in December, 2025.

Pallidus - 2026 Company Profile, Funding & Competitors

Pallidus is a series B company based in Houston (United States), founded in 2015. It operates as an Innovating silicon carbide wafer technology for next-generation power electronics applications. Pallidus has raised $94.6M in funding. The company has 41 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like Diamond Foundry, Wolfspeed and Hyperion.

Company Details

Innovating silicon carbide wafer technology for next-generation power electronics applications. This company is transforming the cost-quality paradigm for SiC wafers. With a pioneering technology platform and extensive IP portfolio, they offer a premier silicon carbide solution for power semiconductor and other markets. They focus on growing silicon carbide crystals and making premium SiC epitaxy-ready wafers. Their silicon carbide technology is fueling next-generation applications in transportation, telecom, green energy, and smart grid. They provide high-performance wafers and are committed to rapid expansion and a superb team. They are a technology company in the B2B sector.

Website: www.pallidus.com/
Email ID: *****@pallidus.com
Phone Number: +1 **********
Part Of

Key Metrics

Founded Year

2015

Location

Houston, United States

Stage

Series B

Total Funding

$94.6M in 7 rounds

Latest Funding Round

Conventional Debt, Dec 05, 2023, $*****

Investors

Raptor Group

Ranked

4^th among 41 active competitors

Employee Count

24 as on Aug 31, 2026

Similar Companies

Wolfspeed & 6 more

View Pallidus' full profile

Pallidus has raised a total funding of $94.6M over 7 rounds. Its first funding round was on Dec 29, 2015. Pallidus has 1 institutional investor.

Here is the list of recent funding rounds of Pallidus:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 05, 2023	5563894	Conventional Debt	7195396	9003641	6703787	7855668
Dec 02, 2022	4756904	Series B	3909888	3531888	4209803	4705015
Jul 21, 2020	5599338	Series A	2833434	3122181	9504150	6620406

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View details of Pallidus's funding rounds and investors

Pallidus' employee count trend

Pallidus has 24 employees as of Aug 26. Here is Pallidus's employee count trend over the years:

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Top competitors of Pallidus include Diamond Foundry, Wolfspeed and Hyperion. Here is the list of Top 10 competitors of Pallidus, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Diamond Foundry 2012, San Francisco (United States), Series D	Technology company that specializes in creating diamonds using sustainable and eco-friendly methods	$315M	Fidelity Investments, Future Shape & 8 others	69/100
2nd	Wolfspeed 2015, Durham (United States), Public	Provider of radio frequency-based ICs	-	JANA Partners, Benson Family Private Equity ... & 2 others	52/100
3rd	Hyperion 2018, Worthington (United States), Acquired	Manufacturer of metal cutting and drilling equipment	-	-	51/100
4th	Pallidus 2015, Houston (United States), Series B	Innovating silicon carbide wafer technology for next-generation power electronics applications	$94.6M	Raptor Group	49/100
5th	Advent Diamond 2010, Scottsdale (United States), Funding Raised	Developer of sensors for radiation detecting solutions	-	America’s Seed Fund, OSTI & 1 others	47/100
6th	Dyman 2018, Stockton-on-Tees (United Kingdom), Series A	Manufacturer of synthetic diamonds	$1.95M	SETsquared, Innovation SuperNetwork & 29 others	44/100
7th	Element Six 1946, Didcot (United Kingdom), Funding Raised	Manufacturer of synthetic diamonds	-	Europa	44/100
8th	Voltaix 1986, Branch (United States), Acquired	Provides material for semiconductor industry	$46.5M	Samsung Venture Investment, MissionPoint Partners ... & 3 others	42/100
9th	Pristinediamonds India, Acquired	Manufacturer of MPCVD reactors and high-quality single-crystal diamonds	-	-	37/100
10th	AKHAN Semiconductor 2012, Gurnee (United States), Series B	Provider of synthetic diamond materials for the semiconductor industry	$25.7M	-	36/100