Top-tier venture capital firm Mayfield and leading semiconductor incubator Silicon Catalyst today joined forces to foster startup innovation. Under the terms of their alliance, Mayfield will invest capital in and provide mentoring to the majority of seed stage companies admitted to the Silicon Catalyst Incubator/Accelerator and evaluate them for follow-on investments.
The collaboration follows Mayfield’s conviction in the renaissance of silicon, a trend that has accelerated in the wake of the plateauing of Moore’s Law. Over the last five years, Mayfield has partnered with the founders of Alif Semiconductor, Frore Systems, Fungible, Graphwear, NUVIA (acquired by Qualcomm), Recogni, and a couple of stealth startups. This follows the firm’s 50+ year track record of investing in iconic semiconductor companies such as Cypress, Inphi, LAM Research, LSI Logic, MIPS, Qtera, S3 and Sandisk.
Also Read: PLVision Announces SONiC Core Initiative to Extend Community SONiC for New Markets
“It is an honor to partner with Silicon Catalyst to nurture the wave of entrepreneurs bringing silicon back to Silicon Valley,” said Navin Chaddha, Mayfield Managing Partner. “The Silicon Catalyst team have been unwavering supporters of entrepreneurs across the semi ecosystem, spanning photonics, IP, MEMS, sensors, materials and life science innovation teams world-wide. They have their finger on the pulse of the major societal trends and technology inflection points that are powering this renaissance. Together, we are excited to watch many industries being revolutionized by the new wave of semiconductor startups.”
Details on Mayfield’s POV can be found here: https://www.mayfield.com/the-golden-age-of-silicon-innovation-continues/
“Mayfield and Silicon Catalyst share the same goal of driving semiconductor innovation and startup company market success”, stated Pete Rodriguez, Silicon Catalyst CEO. “It is exciting to know that most seed stage companies will be eligible to receive $150K at admission into the Silicon Catalyst program as a result of our alliance with Mayfield. Furthermore, this will allow startups to hit the ground running in conjunction with free shuttle runs, design tools and IP from our more than 60 in-kind partners which include TSMC, Synopsys and ARM.”
As these incubated companies progress through incubation, they will be eligible to apply to Silicon Catalyst Angels and additionally receive matching investments of up to $250K per company from our new alliance. Finally, startup companies that received these investments and execute on their plans will be at the top of the pipeline for future investments through Mayfield’s regular investment funds.
SOURCE: PR Newswire