Fabric Systems
Latest round
- Seed
Last raised
- Oct 2022
Total raised
- $13M
Investors
- 3
About Fabric Systems
Founded in 2022 by Michael Gao (CEO), and Sagar Reddy (CTO), and based in the US, Fabric Systems operates as a cryptography hardware accelerator company that performs calculations at a faster rate to enable bitcoin mining.com Ventures, and Metaplanet Holdings. The company provides a programmable Bitcoin mining ASIC (Application-specific integrated circuit) cryptography accelerator developed using the company's proprietary closed-loop immersion cooling system, which runs multiple cryptographic algorithms such as Zero Knowledge Proofs (ZKPs), fully homomorphic encryption, and verifiable delay functions faster than general processing units to provide transformative use cases in bitcoin mining both inside and outside of the blockchain.
Who invested in Fabric Systems
3 investors across 1 round
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Funding rounds
Seed
Oct 14, 2022
Amount
$13M
Investors
Questions about Fabric Systems
Who invested in Fabric Systems?
Fabric Systems has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Fabric Systems raised?
Fabric Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Fabric Systems last raise money?
Fabric Systems's most recent round on record is a Seed, in Oct 2022.
What does Fabric Systems do?
Founded in 2022 by Michael Gao (CEO), and Sagar Reddy (CTO), and based in the US, Fabric Systems operates as a cryptography hardware accelerator company that performs calculations at a faster rate to enable bitcoin mining.
Where is Fabric Systems headquartered?
Fabric Systems is headquartered in US.
Which VCs invest in companies like Fabric Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back hardware companies at Fabric Systems's stage. Their profiles are linked below.
VCs backing hardware startups at Seed
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