Analysis
Powerlattice has raised $86 million toward a $111 million target, according to an SEC filing reported by GeekWire, as the Vancouver, Washington chip startup scales up a chiplet designed to cut the power demands of AI processors.
What Powerlattice makes
Powerlattice was founded in 2023 by veteran electrical engineers from Qualcomm, NUVIA and Intel, led by chief executive Dr. Peng Zou, according to TechCrunch. The company's chiplet brings power delivery physically closer to the processor and claims to cut chip power needs by more than 50%, TechCrunch reported; its potential customer set includes Nvidia, Broadcom and AMD, though none is confirmed as a paying customer in the reporting reviewed for this story. The approach targets a specific bottleneck in AI data centers, where power losses between the wall and the chip itself can waste a meaningful share of total energy consumption, per TechCrunch's reporting on the Series A round.
Powerlattice's SEC filings, by the numbers
Filing by filing, according to data compiled by FormDS from Powerlattice's SEC filings:
“30 filing, is nearly triple that total, though the company has not disclosed a valuation or named new investors beyond what the securities filing shows.”
- May 23, 2025 Form D — $5.775M reported sold, 33 investors
- May 27, 2025 Form D — $16.8M reported sold, 5 investors
- October 30, 2026 Form D — $86M reported sold of a $111M offering, 18 investors
None of the filings name individual investors, and the two May 2025 filings predate the $25 million Series A that TechCrunch reported separately, so the two sets of figures should not be added together.
Powerlattice's funding history
Playground Global and Celesta Capital led a $25 million Series A in November 2025, when Powerlattice emerged from stealth with Pat Gelsinger -- the former Intel chief executive and a Playground Global general partner -- joining its board, bringing total funding at the time to $31 million, TechCrunch reported.
The new $86 million raise, disclosed in an Oct. 30 filing, is nearly triple that total, though the company has not disclosed a valuation or named new investors beyond what the securities filing shows.
Chip-power market and competitors
TechCrunch named Empower Semiconductor as Powerlattice's closest competitor in power-delivery chiplets, though no comparable funding figures for Empower were available in the sources reviewed for this story. The raise lands as AI data-center power demand has become one of the industry's most-cited bottlenecks -- the same constraint driving this week's $740 billion-plus Big Tech capex plans and the AI-infrastructure debt financing Pulse has tracked on its funding tracker.
Powerlattice declined to comment when TechCrunch asked about the Series A, and neither the company nor the new filing discloses whether Nvidia, Broadcom or AMD -- the customers TechCrunch named as potential targets -- have actually adopted the chiplet.
What to watch next
The open questions are whether Powerlattice names a lead investor for the $86 million raise and whether any of its named potential customers convert into disclosed commercial deals, which would be the first independent confirmation of real-world demand for the chiplet outside the company's own claims.