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Venture Capital
vtalliance.com

Investments

79

Portfolio Exits

23

Funds

3

About VentureTech Alliance

VentureTech Alliance was founded in 2001 as a venture investment management company targeting early-stage business investment in the semiconductor industry and other emerging technology areas. VentureTech currently manages funds totaling $165 million. VentureTech Alliance has a strategic partnership with TSMC, an IC foundry industry leader. However, VentureTech's investment activity is managed independently of this strategic partnership. VentureTech's focus is on early stage companies in the semiconductor industry and other emerging technology areas.

Headquarters Location

2585 Junction Avenue

San Jose, California, 95134,

United States

(206) 441-8080

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Latest VentureTech Alliance News

EnCharge AI: $22.6 Million Raised To Develop Advanced AI Chips And Full Stack Solutions

Dec 15, 2023

EnCharge AI – a company developing advanced AI chips and full stack solutions – recently announced it has closed a second institutional round of funding from strategic partners, including VentureTech Alliance, RTX Ventures, and ACVC Partners, with participation from existing investors such as Anzu Partners, AlleyCorp, Scout VC, Silicon Catalyst Angels, and S5V. This funding round underscores the demand for new AI chips capable of running AI system workloads at a far lower cost and with greater efficiency than previously thought possible. AI has become so sophisticated that it can enhance the highest-value functions across all industries. And as AI requires more intense computing than any previous workload, this often makes demands on computing hardware infeasible. EnCharge AI offers a cost-effective solution using a combination of analog and digital operation, resulting in AI full-stack solutions with higher performance for a low cost. The investors in the space understand the clear differentiator the company provides, which is to be adaptive and scalable for the unseen applications and unheard models of tomorrow. EnCharge AI has raised $45 million to date. KEY QUOTES: “The computational needs of AI push the limits of today’s enterprises, resulting in expensive operations, environmental issues, and inadequate performance. This makes it difficult for small and medium-sized businesses to fully utilize AI’s advantages. EnCharge is creating scalable hardware and software solutions that make AI more accessible and efficient for everyone — leveling the playing field. None of the AI chip architectures on the market today are fully equipped for the future of AI. We built the first and only mixed analog and digital in-memory-computing solution that has been proven to work in real scenarios, with an AI-specific full-stack architecture, and this has unlocked 15X higher performance than market leaders with a 10x reduction in energy and cost.” – Naveen Verma, Ph.D., CEO and co-founder of EnCharge AI “The rapid growth and adoption of artificial intelligence across our most critical industries requires chips with higher computational performance, using lower power at a reduced cost. Our decision to invest in EnCharge AI will support development of their novel chip architecture and bring data closer to the edge, enabling its customers to process and analyze information quicker, more cost-efficiently, while using less energy.” – Daniel Ateya, President and Managing Director of RTX Ventures “The AI chip market is in high demand and short supply, with analysts expecting it to grow to nearly $400 billion by 2032. Encharge AI is solving critical issues around computing power, accessibility and costs that are both limiting AI today and inadequate for handling AI of tomorrow. The company has developed computing beyond the limits of today’s systems with a technologically unique architecture that fits into today’s supply chain.” – Kai Tsang, Managing Director of VentureTech Alliance Sponsors

VentureTech Alliance Investments

79 Investments

VentureTech Alliance has made 79 investments. Their latest investment was in EnCharge AI as part of their Series B on December 05, 2023.

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VentureTech Alliance Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/5/2023

Series B

EnCharge AI

$22.6M

Yes

5

6/13/2023

Series B - IV

SiMa.ai

$13M

Yes

Navin Chaddha, and Undisclosed Investors

2

5/15/2023

Series A

Ethernovia

$64M

Yes

12

4/1/2023

Series C - II

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$99M

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10

9/27/2021

Series C

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$99M

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10

Date

12/5/2023

6/13/2023

5/15/2023

4/1/2023

9/27/2021

Round

Series B

Series B - IV

Series A

Series C - II

Series C

Company

EnCharge AI

SiMa.ai

Ethernovia

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Amount

$22.6M

$13M

$64M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Navin Chaddha, and Undisclosed Investors

Sources

5

2

12

10

10

VentureTech Alliance Portfolio Exits

23 Portfolio Exits

VentureTech Alliance has 23 portfolio exits. Their latest portfolio exit was Aquantia on November 03, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/3/2017

IPO

$99M

Public

7

7/21/2016

IPO

$99M

Public

17

11/13/2015

IPO

$99M

Public

1

7/23/2015

Acquired

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$99M

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10

11/8/2013

Acquired

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$99M

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10

Date

11/3/2017

7/21/2016

11/13/2015

7/23/2015

11/8/2013

Exit

IPO

IPO

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Public

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Sources

7

17

1

10

10

VentureTech Alliance Fund History

3 Fund Histories

VentureTech Alliance has 3 funds, including VentureTech Alliance Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2006

VentureTech Alliance Fund III

Early-Stage Venture Capital

Closed

$75M

1

4/30/2004

Venture Tech Alliance Fund II

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$99M

10

1/1/2001

Emerging Alliance Fund LP

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$99M

10

Closing Date

3/1/2006

4/30/2004

1/1/2001

Fund

VentureTech Alliance Fund III

Venture Tech Alliance Fund II

Emerging Alliance Fund LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$75M

$99M

$99M

Sources

1

10

10

VentureTech Alliance Team

2 Team Members

VentureTech Alliance has 2 team members, including former Chief Financial Officer, Brian Wang.

Name

Work History

Title

Status

Brian Wang

Chief Financial Officer

Former

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Name

Brian Wang

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Work History

Title

Chief Financial Officer

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Status

Former

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