Key facts
- Substrate (Application Specific Semiconductors)’s last known valuation is $1.0B (Oct 2025).
- It has raised $100.0M; the latest was Seed Round ($100.0M) in Oct 2025.
- Notable investors include General Catalyst, Founders Fund, In-Q-Tel, Valor Equity Partners, Long Journey Ventures — 8 tracked in total.
- Status: Privately Held (backing).
- ·The complete investor list — 8 names
- ·Watchlist + deal alerts for Substrate (Application Specific Semiconductors)
- ·The full record, as it builds
Funding rounds
No funding rounds for Substrate (Application Specific Semiconductors) are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About Substrate (Application Specific Semiconductors)
Operator of a semiconductor technology company intended to restore U.S. leadership in chip fabrication by advancing cost-effective, next-generation manufacturing services. The company offers proprietary innovations that extend Moore's Law while reducing the cost of leading-edge semiconductor fabs and wafer production, enabling customers to build more powerful chips at lower operational and capital expenses.
- Sector
- Information Technology
- HQ
- San Francisco, CA, United States
- Founded
- 2022
- Employees
- 50
- Website
- substrate.com/
- Ownership
- Privately Held (backing)
Substrate (Application Specific Semiconductors) doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Substrate (Application Specific Semiconductors) shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Substrate (Application Specific Semiconductors) in its N-PORT filings yet. We sweep new filings monthly.