CNEX Labs

HardwareSeries DSan Jose, UScnexlabs.com

Latest round

Series D

Last raised

Oct 2018

Total raised

$85M

Investors

11

About CNEX Labs

CNEX Labs, Inc.Founded in 2013, CNEX Labs, Inc. is located in San Jose, US. The company specializes in semiconductor storage solutions, particularly through its SSD controller technology. Alan Armstrong, Joe DeFranco, and Yiren Huang are the founders, with Alan Armstrong currently serving as CEO.CNEX Labs specializes in innovative semiconductor storage solutions, primarily through its advanced NVMe PCIe SSD controller ASICs. These controllers support LightNVM and Open-Channel operations, enabling high-performance data processing with low latency. CNEX’s products include host-based Flash Translation Layer flexibility and native NVMoE I/O connectivity, catering to diverse end-users, such as data center operators and storage vendors.CNEX Labs generates revenue through sales of its SSD controller ASICs and associated software solutions to enterprise clients in the data center and storage sectors. The primary transaction structure involves B2B sales, where customers, including leading data center operators and storage vendors, purchase CNEX products for system integration.72 mn, the company plans to invest in the development of new products and enhancements to existing technologies. CNEX is targeting expansion into new geographic regions, with specific plans to enter additional markets in Europe and Asia by the end of 2023.

Who invested in CNEX Labs

11 investors across 5 rounds

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Funding rounds

  1. Series D

    Oct 10, 2018

    Amount

    $23M

    Investors

    Locked

  2. Series D

    May 15, 2018

    Amount

    $13M

    Investors

    Locked

  3. Series C

    Feb 17, 2017

    Amount

    $13M

    Investors

    Locked

  4. Series B

    Apr 16, 2015

    Amount

    $19M

    Investors

    Locked

  5. Series A

    Jun 9, 2014

    Amount

    $17M

    Investors

    Locked

Questions about CNEX Labs

Who invested in CNEX Labs?

CNEX Labs has 11 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has CNEX Labs raised?

CNEX Labs has raised 5 venture rounds. Sign up free to see how much each round raised and the total.

When did CNEX Labs last raise money?

CNEX Labs's most recent round on record is a Series D, in Oct 2018.

What does CNEX Labs do?

CNEX Labs is a hardware company.

Where is CNEX Labs headquartered?

CNEX Labs is headquartered in San Jose, US.

Which VCs invest in companies like CNEX Labs?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back hardware companies at CNEX Labs's stage. Their profiles are linked below.

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