Exclusive: Fabless chip company Stathera closes $55M Series B

Exclusive: Fabless chip company Stathera closes $55M Series B

Stathera, a fabless semiconductor company specializing in silicon timing solutions, raised a $55 million Series B led by new investor Maverick Silicon, co-founder and CEO George Xereas tells Axios Pro exclusively.

Why it matters: Data center performance relies on how quickly and effectively data can move and remain synchronized across tens of thousands of processors.

Follow the money: Maverick Silicon led, joined by existing investors Celesta Capital, BDC Capital, MediaTek Innovation Fund, TXC, and Ultratech Capital Partners.

  • Founded in 2020, the Montreal-based startup has raised $75 million to date.

    • How it works: Stathera's microfabrication technology uses silicon instead of quartz crystal. That allows its chips to be smaller with higher reliability and precision, but low-power timing.

  • The company's timing solutions can be used not only in data centers, but also in smartphones, wearables, and IoT devices.

    • State of play: Precision timing solutions have become more important in the age of AI as data centers need data communication to be synchronized to increase the performance of GPUs, networking infrastructure, switches, and optical interconnects.

  • The company is now starting to engage with large AI data center and hyperscale customers.

    • Yes, but: Stathera faces an uphill battle with incumbent SiTime who dominates the timing market.

    What they're saying: "The industry is hungry for different solutions, not a monopoly," Xereas says.

    What's next: The company is seeking to secure tier one OEMs as customers, which could possibly ramp revenues up to $50 million or more in the next 12-to-18 months, Celesta Capital founding managing partner Nicholas Brathwaite says.