Santa Clara, Calif., Feburary 26, 2019 – Aeonsemi Inc., a startup developing high-speed, low-latency physical interface ICs for computing networks, wireless infrastructure and automotive networking, today announced $10.95 million in an oversubscribed Series A round led by Walden International and Eight Square Capital.
Founded in August 2018 by Yunteng Huang, Colin Weltin-Wu and Xi Chen, Aeonsemi has assembled a team of industry veterans who bring in decades of experience developing high-performance, innovative integrated circuit products from conception stage to mass production in datacom, telecom, wireless and IoT space.
“The semiconductor industry has gone through a major consolidation phase in the past five years. Customers are now experiencing a slower pace in product innovation and a reduced level of engagement by chip suppliers. At the same time, exciting applications such as machine learning, automotive networking, and 5G infrastructure along with an insatiable bandwidth growth in datacenters are driving strong demand for a new breed of physical interface solutions.” said Dr. Yunteng Huang, CEO & Co-founder of Aeonsemi. “We founded our company to address the exciting opportunities in high performance mixed-signal and DSP centric products by leveraging recent advancements in electric, optical and packaging technologies.”
“Aeonsemi has gathered a great team of technologists and industry veterans who understand how to solve tough engineering problems from system level down to transistor level. As electric links experience greater challenges beyond 100Gbps, a hybrid of optical and electric solutions is the answer to next generation high speed links.” said Dr. Hing Wong, Managing Director of Walden International.
Aeonsemi will use the investment to grow its world-class team of designers, expand its operations overseas, and develop the first generation of products.