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September 2, 2026 - Deals
Wafer Secures $40 Million In Series A Funding At $200 Million Valuation
San Francisco-based Wafer raised $40 million in Series A funding at a $200M+ valuation, bringing its total funding to $44.5 million. Founded by Emi Andere and Steven Arellano, Wafer sells fast inference for open-source LLMs, using AI agents to continuously optimize GPU kernels based on workload traffic and performance constraints. The round included Marathon, Chemistry, Wing, Fifty Years, Outset Capital, Y Combinator and AMD Ventures.
FOUNDERS: Emilio Andere (@EmiAndere) & Steven Arellano (@_StevenArellano)
INVESTORS: Marathon, Chemistry, Wing, Fifty Years, Outset Capital, Y Combinator & AMD Ventures
ROUND: Series A
AMOUNT: $40,000,000
VALUATION: $200M+
HQ: San Francisco, California
#VentureCapital #Wafer #EmilioAndere #TradedPartner #TradedVC