Ampere announced a new round of funding including participation from new investor Arm, a subsidiary of SoftBank Group. Current investor The Carlyle Group led the round with participation from other existing investors. This marks the second major investment round for Ampere, which was launched in 2017. The companies did not disclose the amount of new capital or valuation.
“This significant investment from Arm and our initial investors signals their confidence in the future of Ampere and allows us to continue to accelerate and deliver our robust roadmap,” said Renee James, Ampere founder, CEO and Chair. The company announced its first product, eMAG™, in October 2018.
“A robust ecosystem is critical to advance the Arm® architecture as the foundation for transforming the modern cloud to edge infrastructure,” said Rene Haas, president Arm IP Products Group. “Investing in Ampere underscores Arm’s commitment to accelerating both our ecosystem and availability of diverse Arm-based silicon solutions for an infrastructure market long deprived of choice and flexibility.”
Patrick McCarter, Managing Director at The Carlyle Group said, “We are thrilled with the progress Ampere has made over the past 18 months and are excited to continue supporting the team as they work to transform the market for server processors that power modern cloud workloads.”