About Diamond Foundry
Diamond Foundry produces diamonds at mining scale using a proprietary reactor technology.
Headquarters
Diamond Foundry, San Francisco
Founded
2012-01-01
Industry
Consumer Goods, Foundries, Semiconductor
Last Funding Type
Series Unknown
Valuation
13
Total Funding
$350.00 million dollars
IPO Status
Private
Financial
Diamond Foundry Inc. is focused on enhancing thermal management in power electronic systems, particularly for electric vehicles. Their research involves a system where a power electronics chip is thermally managed using a copper substrate coupled with a single crystal diamond substrate. This configuration aims to improve heat dissipation, crucial for the reliability and efficiency of electronic vehicle power electronics. The company's R&D efforts are concentrated on leveraging the superior thermal properties of diamond to advance electronic vehicle technology.
Diamond Foundry has been highlighted for its technological advancements, specifically in enhancing AI chips with diamond cooling technology. This breakthrough positions the company at the forefront of innovation within the lab-grown diamond industry, contributing to both the tech and jewelry sectors.
Diamond Foundry has been highlighted for its technological advancements, specifically in enhancing AI chips with diamond cooling technology. This breakthrough positions the company at the forefront of innovation within the lab-grown diamond industry, contributing to both the tech and jewelry sectors.
Funding Rounds
4
Total Funding Amount
$350.00 million dollars
Number of Investors
22
Diamond Foundry vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Diamond Foundry | $13B | $350.00M | 4 |
| Bitmain | $15B | $764.70M | 3 |
| Coupang | $60B | $3.42B | 13 |
| Grove Collaborative | $1.5B | $621.50M | 9 |
| Groq | $4B | $1.00B | 6 |
| Zetwerk | $3B | $868.25M | 17 |
| RELX Technology | $18.6B | $5.76M | 4 |
| Spreadtrum | $2B | $2.14B | 8 |
| Mellanox Technologies | $0.5B | $89.30M | 4 |
| Rappi | $16B | $2.34B | 19 |
| Quantenna Communications | $0.5B | $186.13M | 12 |
| FIGS | $3.5B | $75.00M | 7 |
| Graphcore | $8B | $682.00M | 7 |
| InvenSense | $0.6B | $38.00M | 3 |
| Thrasio | $6B | $3.40B | 12 |
| Merama | $1B | $525.00M | 6 |
| Etsy | $1.8B | $97.26M | 10 |
| Away | $9B | $181.00M | 6 |
| Rent The Runway | $1.1B | $626.15M | 16 |
Growth Trends & Market Impact
Diamond Foundry may be growing as indicated by several key developments. The company is planning to double production in the next three years, which suggests an expansion of its operational capacity. Additionally, Diamond Foundry has created the world's first (100mm) single-crystal diamond wafer, demonstrating innovation and advancement in product development. Furthermore, the company is collaborating with notable institutions such as the Naval Research Laboratory and Stanford University, which could indicate strategic partnerships that support growth in new applications for lab-grown diamonds.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 29.03.2021 | $200.00 million dollars | |
| №2 | 01.10.2018 | $100.00 million dollars | |
| №3 | 15.11.2015 | $50.00 million dollars | |
| №4 | 04.10.2012 | $50.00 million dollars |