Eliyan announced a $145 million Series C financing at a $1 billion valuation, achieving unicorn status as it expands its connectivity technologies for next-generation AI infrastructure. The oversubscribed round was led by Seligman Ventures and included participation from strategic investors Cisco Investments and Lumentum. As part of the investment, Managing Partner Umesh Padval joined Eliyan’s Board of Directors, reinforcing Seligman Ventures’ conviction in the company’s approach to addressing critical AI networking, memory, and bandwidth challenges. Read more about the financing and Eliyan’s technology platform here.
