# Elve Speed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elve-speed

- Industry: Telecoms
- Headquarters: Davis, US
- Website: www.elvespeed.com/
- Total disclosed funding: $15M
- Latest round: Series A (Feb 22, 2024)
- Investors on record: 5

## About

Based in California, US, and founded in 2020 by Dr. Diana Gamzina, Elve Speed, Inc. operates as a technology company that specializes in the development and manufacturing of millimeter wave amplifiers. In February 2024, Elve Speed, Inc. raised USD 15 million in series A funding led by TomEnterprise AB, with participation from Green Sands Equity, Yu Galaxy, Cambium Capital Partners, and Lockheed Martin Ventures. 

Elve Speed, Inc. provides a lineup of power amplifier systems crafted for diverse frequency bands and applications. Its flagship offerings are the Elve 30.5M Garnet, a Ka-band amplifier delivering 100 W of saturated output power; the Elve 40.5M Carmine tailored for Q-band usage, featuring 25 W of linear output power and conduction-cooled functionality; the Elve 49.5M Amaranth, catering to V-band requirements with 100 W of saturated output power and air-cooled operation for efficient performance; the Elve 73.5M Carnelian, designed for E-band frequencies, providing 25 W of linear output power and conduction cooling suitable for high-frequency communication networks. It also offers Elve 83.5M Vermilion, and Elve 93.5M Crimson.

The company plans to use the series A funding to increase manufacturing and grow its customer base.

## Funding rounds

- Series A, Feb 22, 2024, $15M — Lockheed Martin Ventures, Cambium Capital, Green Sands Equity, Yu Galaxy, TomEnterprise AB

## Investors

- Lockheed Martin Ventures (https://capitalatlas.ai/funds/lockheed-martin-ventures) — Series A
- Cambium Capital (https://capitalatlas.ai/funds/cambium-capital) — Series A
- Green Sands Equity (https://capitalatlas.ai/funds/green-sands-equity) — Series A
- Yu Galaxy (https://capitalatlas.ai/funds/yu-galaxy) — Series A
- TomEnterprise AB — Series A