TEL Venture Capital

TEL Venture Capital operates as the corporate venture arm of Tokyo Electron (TEL), a global leader in semiconductor manufacturing equipment. Based in Fremont, California, the firm strategically invests in early-stage technology companies that align with TEL's core businesses and future growth initiatives. Their investment thesis centers on identifying disruptive innovations in areas critical to the semiconductor industry and beyond, including artificial intelligence (AI), machine learning (ML), advanced materials, quantum computing, and other deep tech sectors. This strategic alignment ensures that their investments not only offer financial returns but also foster technological advancements that can benefit Tokyo Electron's long-term strategic objectives.

The firm primarily focuses on participating in Series A to Series C funding rounds, although their portfolio demonstrates flexibility to engage in later stages when strategic value is high. For instance, TEL Venture Capital has participated in at least 10 known investment rounds, backing companies that have gone on to raise substantial capital. Notable portfolio companies include SiFive, a leading RISC-V processor IP company, and AI hardware innovators like SambaNova Systems and Cerebras Systems, which have secured rounds as large as $250 million and $175 million respectively. Their involvement often signifies a strategic partnership, providing portfolio companies with access to TEL's extensive industry expertise, global network, and potential for future collaboration.

TEL Venture Capital seeks to support companies developing foundational technologies that can enhance semiconductor manufacturing processes, enable new applications, or create entirely new markets. Their commitment extends beyond capital, aiming to build a foundation of trust and efficient use of resources, as stated in their mission. By investing in cutting-edge deep tech, TEL Venture Capital plays a crucial role in shaping the future landscape of the semiconductor and AI industries, ensuring Tokyo Electron remains at the forefront of technological innovation.