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§ Private Profile · San Jose, CA, USA
Semiconductor provider developing high-performance Ethernet switching silicon solutions, including TeraLynx, for cloud and data centers.
Innovium has raised $490.0M across 5 funding rounds.
Key people at Innovium.
Innovium was founded in 2014 by Rajiv Khemani (Co-founder & CEO).
Innovium has raised $490.0M in total across 5 funding rounds.
Innovium, based in San Jose, California, developed high-performance Ethernet switching silicon solutions for cloud and data center networking. Its TeraLynx family of chips provided throughput up to 12.8 Tbps, addressing challenges for large-scale networks. The company secured $170 million in total funding from investors such as DFJ Growth, BlackRock, Premji Invest, and Greylock Partners. Innovium was acquired by Marvell in August 2021 for an estimated valuation of $1.25 billion. At the time of acquisition, the company reported 21-50 employees and an estimated annual revenue of $2.4 million. Innovium was founded in 2014 by industry veterans from Broadcom and Cavium. Its business model centers on venture-funded semiconductor provider selling merchant switching silicon to cloud and data center customers, acquired by Marvell.
Key people at Innovium.
Innovium has raised $490.0M across 5 funding rounds. Most recently, it raised $170.0M Other Equity in July 2020.
Innovium is a semiconductor company that developed high-performance switching silicon solutions, specifically the TERALYNX family, for cloud and edge data centers. These products deliver software-compatible Ethernet switches ranging from 1Tbps to 25.6Tbps (and scalable to 100Tbps+), emphasizing power efficiency, low latency, high programmability, large buffers, and telemetry to handle massive data demands.[1][2][3][6] Innovium served major cloud providers, OEMs, and ODMs facing scalability challenges in data centers, solving problems like increasing bandwidth needs, autonomous networks, and energy constraints amid AI and cloud growth.[2][4][6] Founded in 2014 or 2015, it raised $350M-$402M across multiple rounds before being acquired by Marvell in August 2021 for approximately $1B, marking strong growth momentum validated by market-leading customers.[1][3][5][6]
Innovium was founded in 2014 (or 2015 per some records) in San Jose, California, by CEO Rajiv Khemani and a team with deep expertise from leading firms like Arista, Broadcom, Cavium, Cisco, Dell, Ericsson, Intel, and Juniper.[2][3][5][6] The idea emerged from recognizing acute challenges in cloud and edge data centers—exploding data volumes, power inefficiency, and the need for programmable, scalable Ethernet switching—prompting a ground-up redesign of switch silicon.[2][6] Early traction built quickly through customer-focused innovation, securing backing from top VCs like Greylock, Walden Riverwood, Capricorn, Qualcomm Ventures, and others, while leveraging AWS for scalable HPC design to meet tight SLAs and compete with giants.[1][3][4][6] Pivotal moments included shipping multi-generation chips (up to 7nm process) and gaining validation from cloud leaders, culminating in the 2021 Marvell acquisition.[1][6]
Innovium rode the explosive growth of cloud-scale data centers driven by AI, 5G edge computing, and hyperscale networking, where Ethernet switching demand surged for higher bandwidth (100Tbps+ fabrics) and efficiency amid power shortages.[2][6] Timing was ideal post-2014, aligning with the shift to programmable silicon over legacy ASICs, enabling software-defined networks and optics-heavy interconnects—market forces like AI workloads and autonomous data centers amplified this.[1][4][6] By providing merchant alternatives to incumbents like Broadcom, Innovium fostered competition, accelerated innovation in open networking (e.g., SONiC), and influenced ecosystem standards for low-latency, telemetry-rich switches, paving the way for Marvell's dominance in cloud semiconductors.[3][5][6]
Post-2021 acquisition, Innovium's tech now supercharges Marvell's portfolio, targeting faster growth in the merchant cloud switching segment amid AI-driven data center booms.[6] Next steps likely involve integrating TERALYNX into Marvell's optics and custom silicon for 100T+ fabrics, riding trends like co-packaged optics, 1.6T/3.2T ports, and energy-efficient AI infrastructure.[1][6] Its influence could evolve by enabling broader cloud adoption of programmable switching, potentially capturing more share as data demands double every few years—cementing its legacy from scrappy innovator to foundational player in the connected cloud era.[2][4]
Innovium was founded in 2014 by Rajiv Khemani (Co-founder & CEO).
Innovium has raised $490.0M in total across 5 funding rounds.
Innovium's investors include BlackRock, Capricorn Investment Group, Celesta Capital, DAG Ventures, Sandesh Patnam, Greylock Partners, Tk Kurien, Qualcomm Ventures, Redline, S-Cubed Capital, Bain Capital Ventures, Greylock.
