When was Wolfspeed founded?

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

Where is Wolfspeed located?

Wolfspeed is headquartered in Durham, United States. It is registered at Durham, North Carolina.

How many employees does Wolfspeed have?

As of Sep 30, 2026, the latest employee count at Wolfspeed is 2414.

Is Wolfspeed a funded company?

Wolfspeed is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jun 30, 2015.

When was the latest funding round of Wolfspeed?

Wolfspeed's latest funding was a $***** Post IPO round on Apr 23, 2024, with participation from 1 investor. Its primary sector is Advanced Materials. In United States, the Advanced Materials sector has seen $478M in funding in 2026 to date.

What is the annual revenue of Wolfspeed?

Annual revenue of Wolfspeed is between $500M and $1B as on Jun 29, 2025

Where does Wolfspeed rank among its competitors?

Wolfspeed ranks 3rd amongst 42 active competitors, of which 5 are funded. It stands 7th 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 Wolfspeed?

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

Wolfspeed - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of radio frequency-based ICs. It designs and develops GaN on silicon carbide technology. Its technology is deployed in the communication industry for RF communication and space exploration. It is also a manufacturer and distributor of silicon carbide diodes and MOSFETs for power conversion.

Website: www.wolfspeed.com/
Social
Registered Address: Durham, North Carolina

Key Metrics

Founded Year

2015

Location

Durham, United States

Stage

Public

Latest Funding Round

Post IPO, Apr 23, 2024, $*****

Investors

JANA Partners & 3 more

Ranked

3^rd among 42 active competitors

Annual Revenue

$500M - $1B as on Jun 29, 2025

Employee Count

2,414 as on Sep 30, 2026

Similar Companies

Hyperion & 6 more

Exit Details

Public

View Wolfspeed's full profile

Wolfspeed is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Wolfspeed, Inc. CIN: 206715898 , United States, Active	Jan 20, 2023	-	-	-
WOLFSPEED EUROPE GMBH CIN: 0742.810.261 , Belgium, Active	Feb 01, 2020	-	-	-
Wolfspeed, Inc. CIN: 895419 , United States, Active	May 11, 2015	$500M - $1B (As on Jun 29, 2025)	-	-
Cree, Inc. CIN: 561572719 , United States, Active	Dec 31, 1999	-	4007 (As on Dec 31, 2024)	-

Wolfspeed got listed on Feb 08, 1993.

Click here to take a look at Wolfspeed's IPO in detail

Wolfspeed has raised funding over 3 rounds. Its first funding round was on Jun 30, 2015. Its latest funding round was a Post IPO round on Apr 23, 2024 for $*****. 1 investor participated in its latest round. Wolfspeed has 4 institutional investors.

Here is the list of recent funding rounds of Wolfspeed:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 23, 2024	4832077	Post IPO	5034777	1496141	7278461	6752626
Oct 01, 2015	2533019	Grant (prize money)	5059688	1040502	4034621	OSTI
Jun 30, 2015	9922540	Grant (prize money)	4083217	6993003	6583590	OSTI

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View details of Wolfspeed's funding rounds and investors

The founders of Wolfspeed is John Palmour.

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

John Palmour: Co-Founder & CTO of Wolfspeed.
Contact Info: 1 email address

View details of Wolfspeed's Founder profiles and Board Members

Wolfspeed's employee count trend

Wolfspeed has 2,414 employees as of Sep 26. Here is Wolfspeed's employee count trend over the years:

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Top competitors of Wolfspeed include Diamond Foundry, Hyperion and Advent Diamond. Here is the list of Top 10 competitors of Wolfspeed, 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	71/100
2nd	Hyperion 2018, Worthington (United States), Acquired	Manufacturer of metal cutting and drilling equipment	-	-	54/100
3rd	Wolfspeed 2015, Durham (United States), Public	Provider of radio frequency-based ICs	-	JANA Partners, Benson Family Private Equity ... & 2 others	53/100
4th	Advent Diamond 2010, Scottsdale (United States), Funding Raised	Developer of sensors for radiation detecting solutions	-	America’s Seed Fund, OSTI & 1 others	47/100
5th	Pallidus 2015, Houston (United States), Series B	Innovating silicon carbide wafer technology for next-generation power electronics applications	$94.6M	Raptor Group	46/100
6th	Element Six 1946, Didcot (United Kingdom), Funding Raised	Manufacturer of synthetic diamonds	-	Europa	44/100
7th	Dyman 2018, Stockton on Tees (United Kingdom), Seed	Manufacturer of synthetic diamonds	$1.95M	SETsquared, Innovation SuperNetwork & 30 others	43/100
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