How much funding has Snowcap raised?

Snowcap has raised $23.0M in total funding, most recently a Seed round.

Who are Snowcap's investors?

Snowcap's investors include Playground Global, Cambium Capital, Vsquared Ventures.

Where is Snowcap headquartered?

Snowcap is headquartered in Palo Alto, California, United States.

What industry is Snowcap in?

Snowcap operates in Artificial Intelligence.

Snowcap

The Future of Performance Starts Below Zero

Palo Alto, United States · $23.0M raised

Artificial Intelligence

Headquarters: Palo Alto, California
Employees: 11–50
Business Model: B2B
Website: snowcapcompute.com

Total Funding: $23.0M
Last Round: $23.0M SeedJun 2025
Rounds: 1

About

Snowcap Compute is building the world's first commercial superconducting computing platform, designed to operate at 4.5 Kelvin and deliver orders-of-magnitude efficiency improvements over conventional CMOS semiconductors. Founded by Silicon Valley veterans and world-class physicists, Snowcap targets AI, HPC, and quantum computing workloads that are hitting the performance limits of silicon. The company launched out of stealth in June 2025 with a $23M seed round led by Playground Global, with former Intel CEO Pat Gelsinger joining as a board member.

Summary

Snowcap is an Artificial Intelligence company based in Palo Alto, United States. It has raised $23.0M in total across 1 round, most recently a $23.0M Seed round in Jun 2025. Investors include Playground Global, Cambium Capital and Vsquared Ventures.