Foundation Capital

Foundation Capital, founded in 1995 and based in Menlo Park, California, is a venture capital firm that invests primarily in early-stage and growth-stage technology companies. The firm focuses on various sectors, including enterprise software, fintech, digital energy, consumer technology, and clean tech. It typically invests between $1 million and $10 million, with a total budget of $13 million to $14 million over the life of each company. Foundation Capital aims to act as a lead investor and often takes a board seat in its portfolio companies. The firm has a strong track record, having supported over 60 high-growth ventures, including notable companies like Lending Club and Netflix, and has participated in 26 initial public offerings. With a commitment to fostering innovative ideas, Foundation Capital emphasizes the potential of entrepreneurs to create transformative businesses.

Dave Armstrong

Admin Partner, General Council and Investor Relations

Joanne Chen

General Partner

Jonathan Ehrlich

Venture Partner

Ashu Garg

General Partner

Ashutosh Ramesh Garg

General Partner and Managing Partner

Rodolfo Gonzalez

General Partner

Jaya Gupta

Partner

Paul Holland

General Partner

Vinay Iyengar

Partner

Jennifer Kaehms

Partner

Jenny Kaehms

Partner

Paul G. Koontz

General Partner Emeritus

Alejandra Martinez

Partner

Charles Moldow

General Partner

Sang Ngo

Marketing Partner

Zach Noorani

Partner

Zachary J. Noorani

Partner

Michael Schuh

General Partner

Purvi Shah

Chief Financial Officer

Nico Stainfeld

Partner

Li Sun

Partner

Siddhant Trivedi

Partner

Sid Trivedi

Partner

Melissa Tucker

Director of Finance

Steven Vassallo

General Partner

Warren Weiss

General Partner

Past deals in ASIC

Coincover

Series B in 2023
Digital Asset Services Limited, trading as Coincover, offers cryptocurrency security and assurance solution to individual investors, fund managers, professional traders, and corporate customers. It offers deposit protection, crypto key storage and recovery, lost key protection, cryptocurrency wills, buy and sell crypto, theft insurance, and accumulation plans. The company was founded in 2018 and is based in Cardiff, United Kingdom.

Binance.US

Seed Round in 2022
Binance.US provides a regulated marketplace built on cutting-edge technology for everyday access to digital assets. Their vision is to accelerate America’s transition to a digital era. It is FinCEN regulated entity in the United States. It is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies.

Ava Protocol

Seed Round in 2022
OAK (On-chain Autonomous Kernel) is a unique blockchain built on the Substrate framework with event-driven smart contract virtual machine, autonomous transactions, and on-chain Oracles. The goal of OAK is to enable developers to build fully autonomous decentralized applications, and further ignite a global business transformation. By redesigning smart contract virtual machines, OAK introduces a more efficient way for contracts to interact with one another. Contracts will be able to emit signal events, to which other contracts can listen. Once an event is triggered, corresponding subscribed functions are automatically executed as a signal transaction.

Anvilogic

Series A in 2021
Anvilogic, Inc. is a Palo Alto-based cybersecurity startup established in 2019. The company specializes in developing a collaborative Security Operations Center (SOC) Content Platform that offers a streaming content service and a framework-led, code-less environment for content creation. This platform is designed to enhance the efficiency of SOC teams by managing the entire content lifecycle, enabling them to develop high-quality content quickly and effectively. Additionally, Anvilogic's platform fosters secure collaboration among organizations, allowing users to share proven content, best practices, and techniques derived from real-world SOC experiences. Anvilogic aims to streamline content development and improve cybersecurity practices through innovative solutions.

Anvilogic

Seed Round in 2020
Anvilogic, Inc. is a Palo Alto-based cybersecurity startup established in 2019. The company specializes in developing a collaborative Security Operations Center (SOC) Content Platform that offers a streaming content service and a framework-led, code-less environment for content creation. This platform is designed to enhance the efficiency of SOC teams by managing the entire content lifecycle, enabling them to develop high-quality content quickly and effectively. Additionally, Anvilogic's platform fosters secure collaboration among organizations, allowing users to share proven content, best practices, and techniques derived from real-world SOC experiences. Anvilogic aims to streamline content development and improve cybersecurity practices through innovative solutions.

Sparkswap

Series A in 2019
SparkSwap is a cryptocurrency exchange founded in 2017 and based in Atlanta, Georgia. It is notable for being the first exchange built on the Lightning Network, which facilitates peer-to-peer trading without the need for users to deposit their assets on the platform. This design significantly reduces counterparty risk and combines advantages of both centralized and decentralized exchanges. SparkSwap is primarily used by cryptocurrency miners and traders to exchange Bitcoin and Litecoin, enabling trustless transactions and enhancing security for its users by mitigating the risks associated with centralized exchanges.

Graphcore

Series D in 2018
Graphcore Limited, a hardware systems company develops intelligent processing units. It offers IPU-Accelerator cards, which can be plugged into a server to accelerate machine-learning applications; and IPU-Appliance products that provide enhanced performance to deliver inference systems supporting various users or provide faster training. Graphcore Limited was incorporated in 2016 and is based in Bristol, United Kingdom with additional locations in Palo Alto, California; London, United Kingdom; Oslo, Norway; and Beijing, China.

Cerebras Systems

Series D in 2018
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

Algorand

Venture Round in 2018
Algorand, Inc. operates a decentralized digital currency and transactions platform designed to address blockchain scalability challenges. Founded in 2017 and based in Boston, Massachusetts, the company offers various services, including Algorand Standard Asset and Atomic Transfers at Layer-1, as well as Algorand Smart Contracts. Its technology enables rapid and efficient user consensus, accommodating even the smallest transactions regardless of volume or user count.

Archblock

Initial Coin Offering in 2018
Archblock, formerly known as TrustToken, Inc., operates a platform for creating asset-backed tokens that facilitate global buying and selling. Founded in 2017 and headquartered in San Francisco, the company aims to provide a seamless way to tokenize various assets, enabling the conversion of physical assets like gold into digital tokens. Its flagship product, TrueUSD, is a stablecoin that can be redeemed on a 1-for-1 basis for US dollars. Archblock employs a team with diverse backgrounds from prestigious institutions and companies, including Stanford, UC Berkeley, and major financial and tech firms. The platform is designed to align incentives among participants while ensuring compliance with fiduciary standards and creating a transparent audit trail of asset management.

Graphcore

Series C in 2017
Graphcore Limited, a hardware systems company develops intelligent processing units. It offers IPU-Accelerator cards, which can be plugged into a server to accelerate machine-learning applications; and IPU-Appliance products that provide enhanced performance to deliver inference systems supporting various users or provide faster training. Graphcore Limited was incorporated in 2016 and is based in Bristol, United Kingdom with additional locations in Palo Alto, California; London, United Kingdom; Oslo, Norway; and Beijing, China.

Graphcore

Series B in 2017
Graphcore Limited, a hardware systems company develops intelligent processing units. It offers IPU-Accelerator cards, which can be plugged into a server to accelerate machine-learning applications; and IPU-Appliance products that provide enhanced performance to deliver inference systems supporting various users or provide faster training. Graphcore Limited was incorporated in 2016 and is based in Bristol, United Kingdom with additional locations in Palo Alto, California; London, United Kingdom; Oslo, Norway; and Beijing, China.

Cerebras Systems

Series C in 2017
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

Graphcore

Series A in 2016
Graphcore Limited, a hardware systems company develops intelligent processing units. It offers IPU-Accelerator cards, which can be plugged into a server to accelerate machine-learning applications; and IPU-Appliance products that provide enhanced performance to deliver inference systems supporting various users or provide faster training. Graphcore Limited was incorporated in 2016 and is based in Bristol, United Kingdom with additional locations in Palo Alto, California; London, United Kingdom; Oslo, Norway; and Beijing, China.

Cerebras Systems

Series A in 2016
Cerebras Systems Inc., founded in 2016 and located in Los Altos, California, specializes in manufacturing artificial intelligence chips designed specifically for deep learning applications. The company is backed by prominent venture capitalists and features a team of experienced technologists and successful entrepreneurs. Cerebras Systems aims to address complex challenges in the AI field, focusing on innovative solutions that enhance deep learning capabilities. The organization emphasizes values such as integrity, passion, and practical problem-solving, which guide its mission to advance AI technology.

ACCO Semiconductor

Series E in 2014
ACCO Semiconductor, Inc., a fabless semiconductor company, develops CMOS wireless solutions. It offers various CMOS power amplifier products that support 2G/3G/4G cellular standards for portable mobile products, including mobile phones (smartphones and feature-phones), wireless tablets, MiFi routers, USB dongles, and other devices. The company was founded in 1994 and is based in Sunnyvale, California. It has facilities in Paris, France; and Sunnyvale, California.

ACCO Semiconductor

Series D in 2013
ACCO Semiconductor, Inc., a fabless semiconductor company, develops CMOS wireless solutions. It offers various CMOS power amplifier products that support 2G/3G/4G cellular standards for portable mobile products, including mobile phones (smartphones and feature-phones), wireless tablets, MiFi routers, USB dongles, and other devices. The company was founded in 1994 and is based in Sunnyvale, California. It has facilities in Paris, France; and Sunnyvale, California.

Jasper Design Automation

Venture Round in 2012
Jasper Design Automation is an electronic design automation company based in Mountain View, California, founded in 1999. The company specializes in providing verification solutions for semiconductor design and development. Its core product, the JasperGold verification system, offers advanced bug detection and debugging capabilities, while the GamePlan verification planner facilitates effective verification planning. Additionally, Jasper Design Automation develops ActiveProp, a property synthesis tool that enhances assertion-based verification and simulation processes. The company also offers a range of services, including customer support, methodology consulting, training, and turnkey proof kit development. Furthermore, it provides on-site consulting to help clients implement structured verification methodologies and create formal test plans tailored to specific designs.

Jasper Design Automation

Series D in 2009
Jasper Design Automation is an electronic design automation company based in Mountain View, California, founded in 1999. The company specializes in providing verification solutions for semiconductor design and development. Its core product, the JasperGold verification system, offers advanced bug detection and debugging capabilities, while the GamePlan verification planner facilitates effective verification planning. Additionally, Jasper Design Automation develops ActiveProp, a property synthesis tool that enhances assertion-based verification and simulation processes. The company also offers a range of services, including customer support, methodology consulting, training, and turnkey proof kit development. Furthermore, it provides on-site consulting to help clients implement structured verification methodologies and create formal test plans tailored to specific designs.

Mobius Microsystems

Series B in 2007
Mobius Microsystems is an innovator in analog and mixed signal designs, and is the first to implement highly accurate frequency generators entirely in standard CMOS. This is a significant technical breakthrough in frequency generation, which up to now had been accomplished with quartz-based crystals and crystal oscillators that are among the last non-semiconductor components in electronic devices today. Mobius’ patented CMOS Harmonic Oscillator (CHO™) is produced on a single piece of silicon and enables system designers to create smaller, thinner, and more mechanically robust products. CHO also significantly shortens the manufacturing cycle time to best respond to market demands. Mobius Microsystems, Inc. was founded in 2004 and is headquartered in Sunnyvale, California with an additional office in Ann Arbor, Michigan. As of January 14, 2010, Mobius Microsystems, Inc. operates as a subsidiary of Integrated Device Technology, Inc.

Extreme DA

Series B in 2007
Extreme DA, Corp. operates as an electronic design automation company. It focuses on the variation-aware parametric yield analysis, optimization, and specification sign-off of integrated circuit designs before transfer to manufacturing operations. The company offers GoldTime, a static analysis and timing sign-off tool that performs variation-aware timing analysis on a design; ROAD Suite, which provides statistical analysis and optimization of digital, analog/RF, memory, and mixed-signal circuits; and Variability solutions that provide variation data in terms of transistor and interconnect geometry parameters, as well as in terms of E-test data. Extreme DA, Corp. was founded in 2003 and is based in Santa Clara, California.

Synfora

Series C in 2007
Synfora, Inc. develops program-in chip-out (PICO) technology. The PICO is a system of tools and IP that creates application engines from sequential untimed C algorithms, and designed for audio, video, imaging, wireless, and security applications. Synfora provides software tools, services, and IP that accelerate the design of systems-on-chips. The company was founded in 2003 and is headquartered in Mountain View, California with additional offices in Shin Yokohama, Japan; Kangnam-Gu, Seoul; Bernin, France; Bangalore, India; and Taipei, Taiwan.

Mobius Microsystems

Series A in 2006
Mobius Microsystems is an innovator in analog and mixed signal designs, and is the first to implement highly accurate frequency generators entirely in standard CMOS. This is a significant technical breakthrough in frequency generation, which up to now had been accomplished with quartz-based crystals and crystal oscillators that are among the last non-semiconductor components in electronic devices today. Mobius’ patented CMOS Harmonic Oscillator (CHO™) is produced on a single piece of silicon and enables system designers to create smaller, thinner, and more mechanically robust products. CHO also significantly shortens the manufacturing cycle time to best respond to market demands. Mobius Microsystems, Inc. was founded in 2004 and is headquartered in Sunnyvale, California with an additional office in Ann Arbor, Michigan. As of January 14, 2010, Mobius Microsystems, Inc. operates as a subsidiary of Integrated Device Technology, Inc.

Synfora

Series B in 2004
Synfora, Inc. develops program-in chip-out (PICO) technology. The PICO is a system of tools and IP that creates application engines from sequential untimed C algorithms, and designed for audio, video, imaging, wireless, and security applications. Synfora provides software tools, services, and IP that accelerate the design of systems-on-chips. The company was founded in 2003 and is headquartered in Mountain View, California with additional offices in Shin Yokohama, Japan; Kangnam-Gu, Seoul; Bernin, France; Bangalore, India; and Taipei, Taiwan.

Jasper Design Automation

Series B in 2003
Jasper Design Automation is an electronic design automation company based in Mountain View, California, founded in 1999. The company specializes in providing verification solutions for semiconductor design and development. Its core product, the JasperGold verification system, offers advanced bug detection and debugging capabilities, while the GamePlan verification planner facilitates effective verification planning. Additionally, Jasper Design Automation develops ActiveProp, a property synthesis tool that enhances assertion-based verification and simulation processes. The company also offers a range of services, including customer support, methodology consulting, training, and turnkey proof kit development. Furthermore, it provides on-site consulting to help clients implement structured verification methodologies and create formal test plans tailored to specific designs.

Synfora

Series A in 2003
Synfora, Inc. develops program-in chip-out (PICO) technology. The PICO is a system of tools and IP that creates application engines from sequential untimed C algorithms, and designed for audio, video, imaging, wireless, and security applications. Synfora provides software tools, services, and IP that accelerate the design of systems-on-chips. The company was founded in 2003 and is headquartered in Mountain View, California with additional offices in Shin Yokohama, Japan; Kangnam-Gu, Seoul; Bernin, France; Bangalore, India; and Taipei, Taiwan.

Jasper Design Automation

Series A in 2002
Jasper Design Automation is an electronic design automation company based in Mountain View, California, founded in 1999. The company specializes in providing verification solutions for semiconductor design and development. Its core product, the JasperGold verification system, offers advanced bug detection and debugging capabilities, while the GamePlan verification planner facilitates effective verification planning. Additionally, Jasper Design Automation develops ActiveProp, a property synthesis tool that enhances assertion-based verification and simulation processes. The company also offers a range of services, including customer support, methodology consulting, training, and turnkey proof kit development. Furthermore, it provides on-site consulting to help clients implement structured verification methodologies and create formal test plans tailored to specific designs.

Tensilica

Venture Round in 1998
Tensilica, Inc. is a fabless semiconductor company specializing in customizable dataplane processor IP cores. Its Dataplane Processor Units (DPUs) blend the functionalities of CPUs and DSPs, offering significant performance enhancements—ranging from 10 to 100 times—by allowing customization through automated design tools to meet specific signal processing requirements. Tensilica's DPUs are integral to system-on-chip (SoC) designs for various original equipment manufacturers (OEMs) and are utilized by several leading semiconductor companies. The application of these processors spans a wide range of products, including mobile phones, consumer electronics such as digital televisions and Blu-ray players, computers, and networking and communications equipment.

Qualcomm Atheros

Pre Seed Round in 1998
Qualcomm Atheros (formerly Atheros Communications) is a leading developer of semiconductor system solutions for wireless and other network communications products. Atheros combines its wireless and networking systems expertise with high-performance radio frequency (RF), mixed signal and digital semiconductor design skills to provide highly integrated chipsets that are manufactured on low-cost, standard complementary metal-oxide semiconductor (CMOS) processes. The Atheros technology is being used by a broad base of leading customers, including personal computer, networking equipment and consumer device manufacturers. Atheros Communications, Inc., was acquired by [Qualcomm](/organization/qualcomm) in May 2011 and began to do business as Qualcomm Atheros.