Private Market View

Frore Systems

Other Semiconductors · San Jose, CA · Founded 2018 · Privately Held (backing)

PA Mark · $/share
$33
Sep 2026
Implied valuation
$1.6B
Total raised
$373.9M
Last round
Later Stage VC (Series C)
May 2024

Key facts

as of Sep 2026
  • Frore Systems’s last known valuation is $1.6B (Mar 2026).
  • It has raised $373.9M across 4 recorded rounds; the latest was Later Stage VC (Series C) ($80.0M) in May 2024.
  • Notable investors include Alumni Ventures, Fidelity Management & Research Company, Qualcomm Ventures, Aramco Ventures, StepStone Group16 tracked in total.
  • 4 institutional filers report fund marks on Frore Systems across 32 filings.
  • Status: Privately Held (backing).
PA Mark — composite indicative price
LOW confidence
~$33per share
as of Sep 2026 · the exact daily mark is a member feature
Composed from 2 inputs:N-PORT marks 100%
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No prints on record

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Institutional fund marks

4 filers · latest Jun 2026

4 SEC-registered funds reported 32 fair-value marks on Frore Systems between Apr 2025 and Jun 2026. Filer-level marks and implied $/share are available to Pro members.

Funding rounds

4 rounds
May 2024Later Stage VC (Series C)$80.0M
Dec 2022Early Stage VC (Series B)$100.0M
Apr 2021Early Stage VC$15.0M
Jul 2020Early Stage VC (Series A1)$25.6M

About Frore Systems

Developer of thermal management chips designed for removing heat from compact electronic and AI devices to enhance sustained processor performance. The company offers silent, thin, high-back-pressure solid-state cooling chips that outperform fans, support liquid-assisted and PAK-based systems for dense AI servers, and maintain dustproof, compact device designs, enabling consumer electronics and edge and data center AI system manufacturers to unlock full processor capabilities and prevent thermal throttling.

Industry
Other Semiconductors
Sector
Information Technology
HQ
San Jose, CA, United States
Founded
2018
Employees
79
Ownership
Privately Held (backing)