US-based semiconductor company Ethernovia has raised more than $90m in a Series B round to advance its automotive and industrial ethernet chip development.
The funding round was led by Maverick Silicon, with participation from Socratic Partners, Conduit Capital and CDIB-TEN Capital.
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Existing backers, including Porsche, Qualcomm Ventures and Fall Line Capital, also invested additional capital.
Ethernovia develops ethernet-based packet processors designed to handle real-time sensor, artificial intelligence (AI) and control data in software-defined autonomous vehicles and robots.
Its products are positioned as a data backbone for future automotive platforms, including autonomous driving and advanced driver assistance systems (ADAS), as well as applications in robotics and industrial machinery.
Ethernovia stated that the new funding will be used to speed up development and production of its next-generation packet processor family, strengthen its software and systems capabilities, and support customer engagements across automotive and robotics.
The company said its processors are built to aggregate and route “high-bandwidth” sensor, vision and AI data with deterministic latency and power efficiency.
According to Ethernovia, this architecture supports a unified in-vehicle Ethernet network that can lower system complexity, weight and cost, while meeting safety-critical automotive requirements.
Ethernovia CEO and co-founder Ramin Shirani said: “The industry is entering the era of physical AI – where intelligence must sense, reason and act in the real world with predictable, real-time performance. Legacy in-vehicle and industrial networks were never designed for AI-driven workloads.
“However, our packet processor platform is purpose-built to eliminate these constraints, enabling zonal and centralized architectures that scale autonomy and dramatically simplify vehicle system design.”
Designed for edge and physical AI use cases, the processors offer programmable data paths and scalable ethernet architectures.
This allows vehicle manufacturers and system developers to update functionality through software without compromising real-time performance, the company said.
