Vancouver, Wash., chip startup Powerlattice raises $86 million
An SEC filing on Friday shows 18 investors so far toward a $111 million target. The company declined to comment.

Powerlattice, a Vancouver, Washington, startup developing chips that cut the power used by AI processors, has raised $86 million, according to an SEC filing on Friday, GeekWire reported. That is nearly triple the $31 million it had raised when it emerged from stealth last November with a $25 million Series A led by Playground Global and Celesta Capital. Board members include former Intel CEO Pat Gelsinger, a general partner at Playground, and Steve Fu of Celesta. The filing also lists Wen Hsieh of Matter Venture Partners as a director.
The company is seeking $111 million, with 18 investors so far. The filing does not name the round or the investors. Powerlattice declined to comment. It makes a power-delivery chiplet that sits inside the processor package and says shortening the power path can cut energy use by more than half. CEO Peng Zou, Gang Ren and Sujith Dermal founded the company in 2023.
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