Powerlattice sells $86,009,965 of $111,010,000 equity offering

Powerlattice Technologies Inc is a fabless semiconductor company that emerged from stealth on November 17, 2025, announcing a $25 million Series A round jointly led by Playground Global and Celesta Capital, and said at the time that it had raised $31 million in funding to date. The company had previously filed two notices of exempt offering in May 2025. This latest Form D, signed by co-founder and CEO Peng Zou, reports that $86,009,965 of a $111,010,000 equity offering has been sold to 18 accredited investors, leaving $25,000,035 remaining.

The company is developing what it calls the industry's first power delivery chiplet, an integrated voltage regulator built directly into the processor package to deliver point-of-load power vertically. Powerlattice claims its approach can reduce total compute power needs by more than 50% and provide an order-of-magnitude reduction in power noise compared with conventional motherboard power delivery. On October 26, 2026, it announced the successful demonstration of a monolithic IVR chiplet that integrates the controller, power transistors and inductors into a single chiplet, supplying power to a high-precision silicon device emulating next-generation AI accelerator loads.

The offering's proceeds are not specified in the filing, but the capital comes as Powerlattice continues to develop and demonstrate its chiplet technology for GPUs, CPUs and accelerators drawing more than 1,000 watts. The company's board includes Pat Gelsinger and Steve Fu, who joined with the Series A round.