TenaFe develops SSD controller chips and provides overall controller solutions, including the firmware that handles host protocol processing, storage particle management, automatic error correction and early warning. The company plans to put its TC2200 SSD controller into the consumer PC OEM market in Q4 2021 and expects its chip products to enter mass production by the end of 2021. It will invest in next-generation consumer and data center application solutions. The new funding will also be used to stabilize production capacity and build a chip inventory amid the global chip shortage. TenaFe intends to expand its team and promote market development. The company has obtained pre-orders from several customers. TenaFe develops controllers for solid-state drives (SSDs). The company’s core product is SSD controller technology. The article reports TenaFe completed a $29 million Series A financing. That Series A was co-led by Northern Light Venture Capital (NLVC) and Eight Roads Ventures. No operating metrics, founding year, location, or use-of-proceeds details were disclosed in the article.

Total raised

$87M

Funding rounds

2

Latest round

Series B

Latest activity

Oct 2021