Tech Company Financing Transactions
Black Semiconductor Funding Round
Black Semiconductor, based in Aachen, secured $273 million from Porsche Ventures, Project A Ventures and Cambium Capital Partners.
Transaction Overview
Company Name
Announced On
6/12/2024
Transaction Type
Venture Equity
Amount
$273,000,000
Round
Undisclosed
Investors
Porsche Ventures (Lead Investor) (Patrick Huke)
Project A Ventures (Lead Investor)
Proceeds Purpose
The funding will go toward R&D, building a "pilot" production facility in Aachen, hiring engineers and other staff (it has a modest 30 employees), and honing its business development.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
Schloss-Rahe-Strasse 15
Aachen, 52072
Germany
Aachen, 52072
Germany
Phone
Website
Email Address
Overview
Prove to everybody that you can make a fundamental change. In the deep-tech landscape, our contributions serve as the foundation for widespread innovation. Through more efficient and faster data communication at the chip level, it is possible to design efficient chip networks in data centers. As an application, generative AI systems such as Large Language Models can be further developed and trained, without straining global energy resources.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Schall
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We report on funding rounds that are announced publicly. VC transactions reported here come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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