TriMagnetix raises Pre-seed!

We're excited to share that our portfolio company, TriMagnetix, has secured $1 million in new funding and commitments to advance its ultra-efficient semiconductor technology. The round is led by Acequia Capital (Ace Cap), with participation from Athenaeum Ventures and a commitment from us at Actuate, according to GeekWire.

We invested in TriMagnetix's inception round alongside SNØCAP, and we're proud to have supported the company from the beginning. It's been exciting to see Madison Hanberry and Lucas Hahn turn their vision into promising lab results, customer partnerships, and growing investor support.

TriMagnetix is developing nanomagnetic chips that use electrical pulses instead of a continuous stream of power. Initial lab testing showed the technology consuming 800 times less energy than a traditional chip processing the same amount of data. The design also offers radiation resistance, making it particularly promising for satellite applications where power efficiency and reliability matter. The team is starting with specific computing functions rather than trying to replace full CPUs or GPUs.

The company is also partnering with WaveWorks Technologies on its first paid pilot, has joined the Plug and Play Semiconductor Accelerator, and was recently accepted into NVIDIA's Inception program. Using fabrication equipment at the University of Washington's Washington Nanofabrication Facility, the team is working toward commercial sales within the next year.

Congratulations to Madison and Lucas on this milestone. Building a semiconductor company takes patience, conviction, and a lot of hard engineering work. We're proud to be part of their journey and excited to see what they build next.