# Frore Systems funding: rounds and investors > Frore Systems has raised $223M across 2 rounds since 2024. Investors include Alumni Ventures, Mayfield Fund and Fidelity. Every round with its source. Source: https://millionrounds.com/company/frore-systems (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *Frore Systems* 2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Hardware & Electronics Semiconductors Raised 7 months ago Valuation: $1.6B, Mar 2026 Follow Frore Systems and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ffrore-systems) Funding summary Updated 27 Oct 2026 **$223M** raised across 2 rounds since 2024, from 3 sources **$80M** Series C **$143M** Series D - **Latest round:** Series D, $143M Mar 2026 - **Led by:** Modern Venture Partners - **Step-up i:** 1.8× - **Investors:** 10 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2025 2026 **$80M** Series C **$143M** Series D - **First round:** Series C, $80M - **Biggest round:** $143M - **Between rounds:** 22 months ## The rounds - **Mar 2026** Series D **$143M** *5 new* *5 returning* [Modern Venture Partners](https://millionrounds.com/fund/mvp-ventures) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Fidelity](https://millionrounds.com/fund/fidelity) [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) [StepStone Group](https://millionrounds.com/fund/stepstone-group) [Addition](https://millionrounds.com/fund/addition) [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) [Clear Ventures](https://millionrounds.com/fund/clear-ventures) [Top Tier](https://millionrounds.com/fund/top-tier) Reported by TechStartups and 1 other - **May 2024** Series C **$80M** *5 new* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Fidelity](https://millionrounds.com/fund/fidelity) [StepStone Group](https://millionrounds.com/fund/stepstone-group) [Addition](https://millionrounds.com/fund/addition) Source recorded ## Founders and team From Frore Systems's own website: 49 on the team. - **Xiaopeng Zhang** Sr Director, Head of Greater China BD/Sales - **Alex Chen** Staff Engineer - **Angela Kawamoto** Senior Office Manager - **Beckett Avary** Engineer - **Benden Pan** Principal Engineer - **Branislav Dubocanin** Principal Hardware Engineer - **Brian Chung** Senior Director of Customer Engineering - **Chris Jo** Senior Staff Engineer - **David Sung** Staff Engineer - **Dr. Ananth Yalamarthy** Principal Engineer - **Dr. Gyuho Song** Senior Engineer - **Dr. Ji Hoon Kim** Staff Engineer - **Dr. Liming Wang** Director of Engineering - **Dr. Pengcheng Li** Principal Engineer & Reliability Lead - **Dr. Philip Stephanou** Principal Engineer - **Dr. Tsong Kao** Senior Director of Technology - **Dr. Vikram Mukundan** Principal Engineer - **Finn Paisley** Engineer And 31 more on the team. ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series C** 2024 **Series D** 2026 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Mayfield Fund](https://millionrounds.com/fund/mayfield) [Fidelity](https://millionrounds.com/fund/fidelity) [StepStone Group](https://millionrounds.com/fund/stepstone-group) [Addition](https://millionrounds.com/fund/addition) [Modern Venture Partners](https://millionrounds.com/fund/mvp-ventures) L [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) [Clear Ventures](https://millionrounds.com/fund/clear-ventures) [Top Tier](https://millionrounds.com/fund/top-tier) ## Everyone who backed them [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **2** rounds [Mayfield Fund](https://millionrounds.com/fund/mayfield) VC firm **2** rounds [Fidelity](https://millionrounds.com/fund/fidelity) VC firm **2** rounds [StepStone Group](https://millionrounds.com/fund/stepstone-group) Fund of funds **2** rounds [Addition](https://millionrounds.com/fund/addition) Private equity **2** rounds [Modern Venture Partners](https://millionrounds.com/fund/mvp-ventures) VC firm **1** round, led 1 [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) Corporate VC **1** round [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) Corporate VC **1** round [Clear Ventures](https://millionrounds.com/fund/clear-ventures) VC firm **1** round [Top Tier](https://millionrounds.com/fund/top-tier) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=frore-systems). ## Also claim to have backed them This firm lists Frore Systems as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Global Alternative Investment Management](https://millionrounds.com/fund/global-alternative-investment-management) VC firm Per its own site ## Quick answers about Frore Systems ### Who invested in Frore Systems? Frore Systems's investors include Alumni Ventures, Mayfield Fund, Fidelity, StepStone Group and Addition, and 5 more on record. Modern Venture Partners led its latest round. ### How much has Frore Systems raised? Frore Systems has raised $223M across 2 rounds since 2024. ### When did Frore Systems last raise? Frore Systems's most recent round was a Series D of $143M in Mar 2026, led by Modern Venture Partners. ### What was Frore Systems's biggest round? Its most recent round, $143M in Mar 2026, is also its largest on record. ### Who backed Frore Systems first? Frore Systems's first round on record, in May 2024, was backed by Alumni Ventures, Mayfield Fund and Fidelity and 2 others. ### What stage is Frore Systems at? Frore Systems's latest named round is a Series D, in Mar 2026. ### Where is Frore Systems based? Frore Systems is based in the United States. ### Who led Frore Systems's rounds? Modern Venture Partners led the Series D in 2026. ## Companies like Frore Systems In the same sector, and raised in the last eighteen months. [**Simile** $600M · Oct 2026](https://millionrounds.com/company/simile)[**Bedrock Robotics** $870M · Oct 2026](https://millionrounds.com/company/bedrock-robotics)[**Ayar Labs** $904M · Oct 2026](https://millionrounds.com/company/ayar-labs)[**Nevis** $105M · Oct 2026](https://millionrounds.com/company/nevis)[**Overwatch** $15M · Oct 2026](https://millionrounds.com/company/overwatch)[**Caju AI** $3.0M · Oct 2026](https://millionrounds.com/company/caju-ai) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app