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Rapid Silicon Announces Seed Funding of $15M

SAN JOSE, Calif., OCT 26, 2021 – Rapid Silicon, a provider of AI-enabled application-specific FPGAs based on open-source technology, today announced $15 million in seed funding led by ChengWei Capital and Cambium Capital. Rapid Silicon is headed by industry veteran Dr. Naveed Sherwani and has offices in San Jose and Shanghai and plans to expand with additional offices in Europe and Asia.

“Today’s customer demand for simple-to-use and efficient FPGAs from independent suppliers is driven by increasing market consolidation and the rise of domain-specific architectures,” said Dr. Naveed Sherwani, Chairman, President, and CEO of Rapid Silicon. “We see an opportunity