Filing: Chip startup Powerlattice raises $86M to ease AI’s power crunch

What happened

The new funding nearly triples what the Vancouver, Wash.-based semiconductor startup had raised when it came out of stealth last year. (Powerlattice / Walden Kirsch Photo) Powerlattice , a Vancouver, Wash.-based startup developing chips that cut the power demands of AI processors, has raised $86 million, according to an SEC filing on Friday.

The new funding is nearly triple the $31 million the company had raised when it emerged from stealth last November with a $25 million Series A (an early stage of company funding) led by Playground Global and Celesta Capital. Filing: Chip startup Powerlattice raises $86M to ease AI’s power crunch by Kurt Schlosser on Oct 30, 2026 at 11:30 am October 30, 2026 at 11:33 am Share Facebook X (Twitter) LinkedIn Email Powerlattice , a Vancouver, Wash.-based startup developing chips that cut the power demands of AI processors, has raised $86 million, according to an SEC filing on Friday.

The filing shows Powerlattice is seeking $111 million, with 18 investors participating so far. “AI is not constrained by capital, it’s constrained by power,” Gelsinger said last year when Powerlattice announced its Series A.

Powerlattice says its tech can cut AI chip energy use by more than half. Powerlattice founders, from left: Gang Ren, Peng Zou, and Sujith Dermal.

Board members include former Intel CEO Pat Gelsinger, a general partner at Playground, and Steve Fu of Celesta. It does not name the investors or the round.

AI chips are drawing so much electricity and throwing off so much heat that data center (a building full of computers that runs online services) operators are running into limits on available power and cooling. Powerlattice makes what it calls a power delivery chiplet, a small component that sits inside the processor package.