California-Based Eliyan Scores $145M in C Funding Round

Eliyan Corporation, a Santa Clara, CA-based developer of foundational connectivity technologies enabling next-generation AI compute, memory, and networking systems, has raised $145 million Series C funding round led by Seligman Ventures at a $1 billion valuation.

The round also saw participation from additional new and existing investors, including Cisco Investments and Lumentum. As part of the financing, veteran technology investor and operator Umesh Padval, Managing Partner of Seligman Ventures, will join Eliyan’s Board of Directors.

The company plans to use this funding to accelerate the development of its AI infrastructure connectivity technologies, expand strategic partnerships, and scale manufacturing capabilities for next generation AI compute, memory, and networking systems.

Funding Snapshot

About Eliyan Corporation

Founded in 2021 by Ramin Farjadrad, Syrus Ziai, Patrick Soheili, Eliyan Corporation develops foundational connectivity technologies that power next generation AI, cloud computing, and high performance computing systems. Its products are designed to address critical challenges related to bandwidth, memory expansion, scalability and power consumption in modern AI infrastructure.

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The company's silicon-proven NuLink PHYs and NuGear chiplet solutions enable efficient communication across compute, memory, and electro-optical domains. Eliyan is also expanding into optical interconnect technologies to support the industry's transition towards increasingly complex, and bandwidth intensive AI compute architectures.

Core offerings include:

• AI infrastructure connectivity technologies.
• Chiplet and interconnect solutions.
• Memory expansion technologies.
• Optical and electrical connectivity platforms.

Core Technologies / Products / Services