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My Story – Inspiring Journey of a Serial Entrepreneur Featuring Rajiv Khemani – building infrastructure semiconductor companies to power the Web!

TiE Host & Moderator:
Naveen Bisht, Chair, My Story Program, TiE Silicon Valley

Cloud, mobile, and AI applications demand high performance, security, and energy-efficiency at massive scale. Semiconductors are essential for making this happen. But semiconductor-based startups targeting infrastructure face many challenges. They need lots of capital and have little room for error. So how can you create leading, innovative companies in this space?

Rajiv Khemani and his co-founders did it by founding Innovium in 2014, when the cloud infrastructure market was just beginning to explode. They had a vision to start from scratch and meet the needs of these data centers, with innovations like higher scale, lowest latency, programmability, and analytics. They realized that the network-switching silicon that customers used for the cloud was designed for the enterprise and other segments, and hence, it presented a compelling opportunity. Innovium became a significant supplier to leading cloud customers in building out their architectures. The company was acquired by Marvell for over $1.2B in 2021, allowing Marvell to participate in the fastest growing segment of the switch market with a cloud and AI-optimized solution.

Before Innovium, Rajiv was COO at Cavium, a leading provider of infrastructure semiconductors for networking, mobile and security applications. Now, he is at it again, co-founding Auradine, another infrastructure startup. Auradine has raised an $81M Series A round to drive scalability, security, and sustainability for blockchain, privacy, and security applications.

About Rajiv Khemani
Rajiv Khemani is co-founder & CEO of Auradine, a pioneer in web infrastructure solutions including blockchain, security, and privacy. He is a serial entrepreneur and an industry leader with 25 years of experience in building & scaling technology businesses. Previously, Rajiv was co-founder & CEO of Innovium, a leading provider of cloud-optimized network switching solutions that was acquired by Marvell for over $1.2B in 2021. He was also co-founder & Partner at Moment Ventures, an early-stage VC firm, and served on the management board of the Stanford Business School.

Previously, Rajiv was COO at Cavium, a leading semiconductor company that delivered solutions for networking, mobile, and security infrastructure markets. He helped grow Cavium from an early-stage startup to a public multi-billion-dollar valuation company with over $500 million in annual design wins. Earlier, he worked at Intel as a GM of the network processor business unit, and at NetApp & Sun Microsystems.

Rajiv is also an investor and board member in the data infrastructure, AI, and software/platforms space. He holds a BS in Computer Science from Indian Institute of Technology Delhi, an MS in Computer Science from New York University, and an MBA from Stanford University. Outside of work, he loves to hike, play poker, read books, and watch sports, along with family & friends.

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