Efficient Computer Secures $97 Million In Series B Financing Led By TQ Ventures

Efficient Computer raised more than $97 million in Series B financing at a $650 million valuation, bringing its total funding to $173 million. The round was led by TQ Ventures, with participation from Eclipse, Union Square Ventures, Giant Ventures and others, and the company will use the capital to scale production of its Electron E1 processor and expand its Fabric architecture toward datacenter applications. CEO and co-founder Brandon Lucia said the funding will help expand Efficient’s energy-efficient computing technology across more use cases. FOUNDERS: Brandon Lucia, Graham Gobieski & Nathan Beckmann INVESTORS: TQ Ventures, Eclipse, Union Square Ventures & Giant Ventures ROUND: Series B AMOUNT: $97,000,000 VALUATION: $650,000,000 HQ: Pittsburgh, Pennsylvania #VentureCapital #EfficientComputer #BrandonLucia #TQVentures #TradedVC