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The Chips Stack

The definitive tracker for semiconductor and AI chip companies — from custom AI accelerators to photonic processors redefining compute.

4
Companies Tracked
$8B
Total Funding Raised
2
Pre-IPO Companies
1
S-1 Filed
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Top Chips Companies
Ranked by valuation — 4 companies tracked
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Sector Pipeline
Company count by funding stage
Series C
2
Pre-IPO
1
Public
1
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Recent Funding Rounds
Latest deals in the Chips sector
Cerebras Systems
Series H · Feb 2026
$1B
Led by Growth Investors
Cerebras Systems
Series D · Aug 2024
$250M
Led by Abu Dhabi Growth Fund
Tenstorrent
Series C · Feb 2024
$693M
Led by Samsung, Hyundai
Arm Holdings
Nasdaq IPO · Sep 2023
$4.87B
Led by Public Markets
Tenstorrent
Series B · Apr 2022
$100M
Led by Hyundai, LG Electronics
Cerebras Systems
Series C · Nov 2021
$250M
Led by Abu Dhabi Growth Fund
SambaNova Systems
Series C · Apr 2021
$676M
Led by BlackRock
Tenstorrent
Series A · Jan 2020
$50M
Led by Eclipse Ventures
SambaNova Systems
Series B · Nov 2019
$250M
Led by Intel Capital, GV
Cerebras Systems
Series B · Jul 2019
$112M
Led by Benchmark, Eclipse Ventures
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Sector Themes
Key narratives driving the Chips sector in 2026
1

AI inference demand creating sustained chip supply constraints through 2028

2

Photonic computing achieving 100x energy efficiency gains over silicon

3

Chiplets enabling disaggregated compute for custom AI workloads

4

Edge AI silicon enabling real-time inference without cloud round-trips

5

Memory bandwidth as the new compute bottleneck in LLM inference

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