Eliyan raises $145m in Series C funding, reaching $1bn valuation to accelerate expansion into electro-optical interconnects for AI computing

Eliyan, a US-based semiconductor startup specializing in chiplet interconnect solutions, has successfully raised $145 million in an oversubscribed Series C funding round, bringing its total valuation to $1 billion. This round was led by Seligman Ventures and included strategic investments from Cisco Investments and Lumentum.⁸

The funding is aimed at accelerating Eliyan's expansion into electro-optical interconnects, a rapidly growing sector in AI computing. CEO and co-founder Farjadrad stated, “This financing will help us accelerate product development, customer adoption and ecosystem expansion.” The company anticipates that chiplet shipments will commence this year, with revenue projected to rise from the low millions in 2025 to hundreds of millions by the end of 2027.²⁴¹⁰

Eliyan's total funding now stands at approximately $295 million, following previous rounds of $40 million in Series A (November 2022), $60 million in Series B (March 2024), and a $50 million strategic round in January 2026, which included investments from major players like AMD, Arm, Coherent, and Meta.⁵

Umesh Padval, managing partner at Seligman Ventures, will join Eliyan’s board as part of this deal. He expressed enthusiasm about partnering with the founders, stating, “We are thrilled to partner with repeat founders Ramin, Patrick, and Syrus as they build a leader in high-speed interconnect technology for AI infrastructure.”⁶

Eliyan's technology aims to meet the increasing complexity and performance demands in AI computing, memory, and networking, complementing its existing expertise in electrical connectivity to support higher bandwidth and efficiency in next-generation AI data centers.