Frore Systems

Other Semiconductors · San Jose, CA · Founded 2018 · Privately Held (backing)

Developer of thermal management chips designed for removing heat from compact electronic and AI devices to enhance sustained processor performance. Frore Systems is based in San Jose, CA and was founded in 2018. It is valued at about $1.6 billion as of Oct 2026, set by institutional fund marks, unchanged since its later-stage round in Mar 2026. It has raised $374 million across 4 recorded rounds; the latest was an $80 million Series C in May 2024.

PMV mark · valuation
$1.6B
Oct 2026
Since last round
-0%
Mar 2026
Total raised
$373.9M
Last round
Later Stage VC (Series C)
May 2024
What is Frore Systems worth?
$1.6BPrivateMarketView mark · Oct 2026

Unchanged since its later-stage round, Mar 2026 ($1.6B post-money).

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The prices on Frore Systems
  • ·37 fund marks: filer, period, implied $/share
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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Frore Systems funding history

4 rounds
DateRoundRaisedPost-money
May 2024Later Stage VC (Series C)$80.0M▮
Dec 2022Early Stage VC (Series B)$100.0M▮
Apr 2021Early Stage VC$15.0M▮
Jul 2020Early Stage VC (Series A1)$25.6M▮
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Frore Systems valuation

Frore Systems is valued at approximately $1.6 billion as of Oct 2026. The figure is set by institutional fund marks. The reference point is its later-stage round in Mar 2026, at a $1.6 billion post-money valuation; the current figure is unchanged since.

Recent activity

In the last 90 days, Frore Systems's record added 5 institutional fund marks (latest period Jul 2026).

How much has Frore Systems raised?

Frore Systems has raised $374 million across 4 recorded rounds since 2020. The largest was an $80 million Series C in May 2024.

Institutional holders and vehicles

4 SEC-registered funds reported 37 fair-value marks on Frore Systems between Apr 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

How Frore Systems's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Frore Systems, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by institutional fund marks. Question about this number? Full methodology →

Frequently asked about Frore Systems

What is Frore Systems worth?
Frore Systems is valued at $1.6B as of Oct 2026. Unchanged since its later-stage round, Mar 2026 ($1.6B post-money).
How much has Frore Systems raised?
Frore Systems has raised $373.9M in total funding across 4 recorded rounds.
When did Frore Systems last raise?
Frore Systems last raised in May 2024 (Later Stage VC (Series C)), raising $80.0M.