Software-centric physical-AI inference Modalix machine-learning system-on-chip devices and the Palette software platform for low-power physical-AI inference from edge systems to data centers.
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San Jose, California · Founded 2018 · Active · private
Series C
Software-centric physical-AI inference
Latest financing
$150MSeries C · Sep 28, 2026
Financing valuation
$1.45BBasis not stated · Sep 28, 2026
Latest indexed source
Oct 5, 2026Indexed source in last 90 days
Named investor relationships
12Named by the announcement
Evidence trail
3 linked sourcesPrimary financing source
Founders
Krishna Rangasayee
Core technology
Modalix machine-learning system-on-chip devices and the Palette software platform for low-power physical-AI inference from edge systems to data centers.
RoboticsIndustrial AIEdge inference
Capital timeline
Only independently sourced events are shown; debt, grants, and incentives stay separate from equity.
Series C · $150MEquity · Publicly disclosed financing amount.
Last amount-disclosed round · $85MPrior disclosed round · Prior disclosed event; not substituted for the latest financing. company announcement · validated Aug 1, 2025
Cumulative disclosed
$500M · as of Sep 28, 2026Company-stated cumulative capital raised; not reconstructed by summing prior rounds or strategic investments.
Round amount basis
Exact as disclosedEquity
The September Series C, company-stated cumulative capital and financing-date valuation are separate disclosures. The valuation money basis was not stated. The prior Micron strategic investment remains undisclosed in funding history; the August 2025 round remains a dated historical event.
Named Series C participants. No individual investment size, ownership, or pre/post-money valuation basis is inferred.
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Latest indexed source
Newest company, filing, or reported source currently attached to this profile. Its age does not by itself prove current operating status.
Company count in this curated private-company universe
9 sectors
VLSI Market curated company universe · 4 Aug 2026Company count · status remains explicitView chart data
Covered startup count by semiconductor technology sector
Sector
Companies
AI accelerators
17
Compute & IP
15
Photonics & interconnect
11
Equipment & metrology
5
Packaging & integration
3
Power semiconductors
3
Sensors & MEMS
3
Display & microLED
2
Flexible & printed electronics
1
Stage mix: Expansion 22 · Early stage 13 · Late stage 13 · Stage not stated 7 · Strategic / growth 4 · Pre-IPO 1. Coverage count is not market share, investment share, or a complete census of private companies.
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