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Baya Systems Raises $36M+ to Propel AI and Chiplet Innovation

Baya Systems Raises $36M+ to Propel AI and Chiplet Innovation

February 6, 2025 Craig Etkin

Series B funding led by Maverick Silicon fuels market expansion and ability to meet rapidly growing demand for hyper-efficient data movement in agile complex silicon systems

January 23, 2025 09:00 AM Eastern Standard Time

SANTA CLARA, Calif.–(BUSINESS WIRE)–Baya Systems, a leader in system IP technology that empowers the acceleration of intelligent compute, today announced it has raised $36+ million in a Series B round led by Maverick Silicon, backed by a strategic investment from Synopsys, with current investors including Matrix Partners and Intel Capital reinvesting into the company. The funding will support operational growth, accelerating the development and deployment of the company’s software-driven system IP technology portfolio for system-on-chip (SoC) designs and the emerging chiplet economy.

“Designing increasingly complex combinations of CPUs, GPUs, neural network accelerators and other processors is a brute-force solution that the industry cannot rely on forever. It simply comes with too many risks: high re-engineering costs, difficulty scaling and potentially hitting the market with sub-par metrics”Post this

As intelligent computing continues to grow, its demands for AI capabilities, more efficient data movement and compute density are driving the evolution of SoCs into “system-of-chips” models. By using chiplets, this new approach offers scalable performance, optimized power and reduced costs without relying solely on traditional approaches, where further advances have been slow in coming and are growing more expensive. Baya delivers modular solutions designed to adapt to changing needs and take advantage of these benefits for next-gen designs for AI, automotive and data center infrastructure—while also complying with emerging standards like Ultra Accelerator Link (UALink™) die-to-die interconnect for further accelerated AI scaling.

“Generative AI and multimodal compute have clearly shown that the real challenge has transitioned from compute engines to data movement and connectivity to truly deliver on the performance and efficiency needs of AI acceleration and scale compute infrastructure and communications,” said Andrew Homan, Managing Director at Maverick Silicon. “The team at Baya Systems is uniquely positioned to fill this critical gap in the industry with its WeaverPro, WeaveIP and other solutions.”

To better support AI and other compute-heavy and data-intensive applications, Baya offers a holistic approach to design, analyze and build complex, highly performant multi-die systems that overcome traditional semiconductors’ bottlenecks of data movement and scalability. Baya’s foundational WeaverPro™ software enables continuous refinement of data-driven architecture and micro-architecture development from initial specification through post-silicon tuning, with built-in simulation and workload analysis that ensures the design delivers on KPIs. The comprehensive WeaveIP™ advanced system IP portfolio, with its unique transport, supports custom and standard protocols, maximizes performance and throughput while minimizing latency, silicon footprint and power, rapidly delivering complex solutions.

“Baya Systems has executed ahead of schedule on building the team, the technology and the products that deliver on its vision to solve the high-performance system design challenge for the semiconductor industry,” said Stan Reiss, general partner, Matrix Partners. “This has uncovered a much larger scope for the company, and in our view, this new infusion of capital is necessary to extend leadership and capitalize on that opportunity.”

With a high-power team of entrepreneurial leaders and engineers from companies like Apple, AMD, Arm, Intel, Qualcomm, and legendary microprocessor architect Jim Keller as the Chairman of the Board, Baya has rapidly emerged out of stealth, delivered its flagship product to market and is now positioned to grow its market share.

“Designing increasingly complex combinations of CPUs, GPUs, neural network accelerators and other processors is a brute-force solution that the industry cannot rely on forever. It simply comes with too many risks: high re-engineering costs, difficulty scaling and potentially hitting the market with sub-par metrics,” said Dr. Sailesh Kumar, founder and CEO, Baya Systems. “Baya’s performance-focused, software-based approach, coupled with our unique transport and modular fabric IP, is designed from the ground up to produce complex multi-die solutions that are correct by construction with a simplified design process.”

Early Baya customers and partners include Tenstorrent, which has licensed Baya technology for its AI and RISC-V chiplet solutions, and some yet to be announced partnerships, signaling Baya’s growing traction and global reach.

About Baya Systems

Baya Systems is leading the next wave of foundational, high-performance and modular semiconductor systems technologies that are chiplet-ready and accelerate intelligent compute everywhere. Named after the baya bird, renowned for its ability to weave cohesive nests from diverse materials, Baya embodies this approach by integrating best-in-class compute, communication and I/O components into seamless, energy-efficient solutions. Its software-based design and exploration platform enhances performance, yield and reusability, enabling cutting-edge, cost-effective innovation across multiple industries. Baya is backed by leading investors including Matrix Partners, Maverick Silicon, Synopsys Inc., and Intel Capital. For more information visit https://bayasystems.com or follow us on LinkedIn.

Contacts

Media Contact
Crackle PR for Baya Systems
baya@cracklepr.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Baya Systems, Business Wire, California, Santa Clara, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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