Our Perspective | NextSilicon

June 24, 2024

At Bayshore, one area in which we seek to invest is mission-critical, disruptive technologies in sectors supported by strong macroeconomic tailwinds, such as high-performance computing (“HPC”) within the semiconductor industry. As a result, we are pleased to announce our investment in NextSilicon, a venture-stage software and silicon hardware developer pioneering a revolutionary approach to propel HPC.

Existing chip technology struggles to keep pace with the relentless demands of power-intensive computing applications. As global challenges mount and the demand for processing power (“compute”) skyrockets, access to compute has become vital for economic prosperity, stability, progress, and national security. The world needs novel solutions and technologies to avoid a compute supply shock. Traditional chips are static and unaware of impending workloads, which results in computing bottlenecks and processor gridlock.

NextSilicon’s approach is like New York City traffic optimized by AI that anticipates the route and destination of each driver upon entering Manhattan and rearranges roads, tunnels, and bridges to alleviate gridlock”

PATRICK STUTZ, chief investment officer at bayshore capital

NextSilicon has successfully produced and launched its first-generation chip, Maverick, a highly adaptable and user-friendly programmable chip that solves many of the problems associated with traditional static chips. Maverick leverages a groundbreaking software-driven approach that utilizes proprietary algorithms to boost power efficiency and reduce costs. This unique combination offers a distinct advantage for demanding HPC applications that require massive data processing, differentiating Maverick from existing solutions.

NextSilicon, founded in 2018 by Elad Raz (a serial entrepreneur, software engineer, and former Israeli intelligence officer), was established with the mission to revolutionize computing. We believe the company is well-positioned for success, boasting a distinguished customer base that includes the esteemed US National Laboratories at Los Alamos (birthplace of the nuclear program), Sandia, Argonne, Pacific Northwest, and Oak Ridge (home of the world’s most powerful supercomputer), alongside world-class investors, such as Third Point Ventures (the venture capital arm of Third Point Management, Dan Loeb’s New York-based hedge fund that manages over $12bn), StepStone Group, Playground Global, and Aleph Ventures.

We are confident that NextSilicon has the potential to become a leader in the HPC market, and we are excited to extend our support to the company as it continues to grow and shape the future of computing.