Eliyan closes $145 million Series C at $1 billion valuation

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Eliyan Corporation completed a $145 million Series C at a $1 billion valuation, led by Seligman Ventures with participation from Cisco Investments and Lumentum and other investors. As part of the financing, Umesh Padval of Seligman Ventures will join the board. The company said the funds will support development of its electro-optical interconnect architecture, expand ecosystem partnerships, and scale manufacturing for its NuLink PHYs and NuGear chiplet families. Eliyan positions its die-to-die, chip-to-chip, and rack-to-rack technologies as solutions to bandwidth, memory capacity, and power-efficiency limits in large AI systems.

Eliyan raised $145 million to scale electro-optical interconnect development