Overview
- Ethernovia closed a Series B exceeding $90 million led by Maverick Silicon with participation from Socratic Partners, Conduit Capital, CDIB-TEN Capital, and existing backers including Porsche SE, Qualcomm Ventures, and Fall Line Capital, with Forbes also noting support from AMD Ventures.
- The company says the proceeds will accelerate development, move its packet processors into volume manufacturing, and expand sales and marketing internationally.
- The platform targets real-time movement of high-bandwidth sensor and AI data with deterministic latency for autonomous vehicles, ADAS, and robotics.
- Ethernovia cites a 2024 debut of a 7 nm automotive networking chip and a collaboration with Continental on high-bandwidth, low-latency Ethernet switches, with early customer sampling underway.
- Forbes reports the round lifts total funding well past $150 million following a $64 million Series A in 2023, as the startup positions against incumbents such as Broadcom, NXP, and Marvell.