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Legendary enterprise capital agency powers renaissance of silicon
MENLO PARK, Calif. and SAN JOSE, Calif., Dec. 6, 2022 /PRNewswire/ — High-tier enterprise capital agency Mayfield and main semiconductor incubator Silicon Catalyst at present joined forces to foster startup innovation. Beneath the phrases of their alliance, Mayfield will make investments capital in and supply mentoring to nearly all of seed stage firms admitted to the Silicon Catalyst Incubator/Accelerator and consider them for follow-on investments.
The collaboration follows Mayfield’s conviction within the renaissance of silicon, a development that has accelerated within the wake of the plateauing of Moore’s Legislation. Over the past 5 years, Mayfield has partnered with the founders of Alif Semiconductor, Frore Techniques, Fungible, Graphwear, NUVIA (acquired by Qualcomm), Recogni, and a few stealth startups. This follows the agency’s 50+ yr observe file of investing in iconic semiconductor firms reminiscent of Cypress, Inphi, LAM Analysis, LSI Logic, MIPS, Qtera, S3 and Sandisk.
“It’s an honor to associate with Silicon Catalyst to nurture the wave of entrepreneurs bringing silicon again to Silicon Valley,” stated Navin Chaddha, Mayfield Managing Associate. “The Silicon Catalyst group have been unwavering supporters of entrepreneurs throughout the semi ecosystem, spanning photonics, IP, MEMS, sensors, supplies and life science innovation groups world-wide. They’ve their finger on the heart beat of the most important societal tendencies and expertise inflection factors which might be powering this renaissance. Collectively, we’re excited to look at many industries being revolutionized by the brand new wave of semiconductor startups.”
Particulars on Mayfield’s POV may be discovered right here: https://www.mayfield.com/the-golden-age-of-silicon-innovation-continues/
“Mayfield and Silicon Catalyst share the identical objective of driving semiconductor innovation and startup firm market success”, acknowledged Pete Rodriguez, Silicon Catalyst CEO. “It’s thrilling to know that almost all seed stage firms can be eligible to obtain $150K at admission into the Silicon Catalyst program because of our alliance with Mayfield. Moreover, this may enable startups to hit the bottom working together with free shuttle runs, design instruments and IP from our greater than 60 in-kind companions which embody TSMC, Synopsys and ARM.”
As these incubated firms progress by way of incubation, they are going to be eligible to use to Silicon Catalyst Angels and moreover obtain matching investments of as much as $250K per firm from our new alliance. Lastly, startup firms that obtained these investments and execute on their plans can be on the high of the pipeline for future investments by way of Mayfield’s common funding funds.
About Mayfield
Mayfield is a world enterprise capital agency with a people-first philosophy and a 50+ yr observe file of inception and early-stage investing, partnering with founders to construct iconic enterprise, client, semiconductor, and human & planetary well being firms. Since its founding, the agency has invested in additional than 550 firms, leading to 120 IPOs and greater than 225 acquisitions, and presently has $2.2B beneath administration. For extra data, go to https://www.mayfield.com or comply with @MayfieldFund.
About Silicon Catalyst
Silicon Catalyst is the world’s solely incubator targeted completely on accelerating semiconductor options, constructed on a complete coalition of in-kind and strategic companions to dramatically scale back the associated fee and complexity of growth. Greater than 700 startup firms worldwide have engaged with Silicon Catalyst and the corporate has admitted 88 thrilling firms. With a world-class community of mentors to advise startups, Silicon Catalyst helps new semiconductor firms deal with the challenges in transferring from concept to realization. The incubator/accelerator provides startups with entry to design instruments, silicon gadgets, networking, and a path to funding, banking and advertising acumen to efficiently launch and develop their firms’ novel expertise options. Over the previous seven plus years, the Silicon Catalyst mannequin has confirmed to dramatically speed up a startup’s trajectory whereas on the identical time de-risking the equation for buyers. Silicon Catalyst has been named the Semiconductor Overview’s 2021 High-10 Options Firm award winner. The Silicon Catalyst Angels was established in July 2019 as a separate group to offer entry to seed and Sequence A funding for Silicon Catalyst portfolio firms. Extra data is obtainable at www.siliconcatalyst.com and www.siliconcatalystangels.com.
SOURCE Silicon Catalyst
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