Last updated 2026-06-18
- Raised $350M funding round, Jun 2026
- Raised $50M funding round led by Fidelity Investments, Apr 2025
- Raised funding round
Total raised
$400.0M
Last: 2026-06
Stage
Series A
Founded
2024
Headcount
51
HQ
Tel Aviv, Israel
Sector
Industrial Technologies
About
Element Labs (Touch) is focused on developing AI processors, particularly for inference operations in small and local data centers. This approach aims to distribute AI processing workloads more efficiently, reducing the strain on large data centers and enhancing processing capabilities closer to end-users. By targeting inference operations—which involve running trained AI models for tasks like natural language processing and image recognition—Touch seeks to address the growing demand for localized AI processing. This strategy not applies only improves response times but also alleviates bandwidth and energy consumption challenges associated with centralized data processing.
Funding history · 3 rounds · $400.0M total
2026-06
$350.0M
2025-04
Date unknown
Undisclosed
Q&A
- What is Element Labs' primary focus?
- Element Labs (Touch) is focused on developing AI processors, particularly for inference operations in small and local data centers, aiming to distribute AI processing workloads more efficiently.
- When was Element Labs founded?
- Element Labs was founded in May 2024.
- Who are the co-founders of Element Labs?
- The co-founders of Element Labs are Avigdor Willenz, Ran Halutz, and David Dahan.
- How many employees does Element Labs have?
- Element Labs has 51–200 employees.
- What is Element Labs' total funding to date?
- Element Labs has raised a total of $400,000,000 USD.
- Which investors participated in Element Labs' Series A round in April 2025?
- In April 2025, Element Labs raised $50,000,000 with lead investor.
- What was Element Labs' most recent funding round?
- Element Labs' most recent funding round was in June 2026, raising $350,000,000 with Fidelity Investments as an investor.
- What sector does Element Labs operate in?
- Element Labs operates in the Industrial Technologies sector, with a focus on Microelectronics & Photonics Solutions and Semiconductors & Electronics.
Team · 3
Avigdor Willenz
Founder · Co-founder
Ran Halutz
Founder · Co-founder
David Dahan
Founder · Co-founder
Sectors & technology
Primary sector
Industrial Technologies
Technologies
Target customers
Business model
B2B
Highlights
Climate Tech
Tags
ai processorsinference operationslocal data centersai chipssemiconductor
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
Identifiers & details
| Founded | 2024-5 |
|---|---|
| Employees (exact) | 51 |
Radar intelligence
Patents
| EPO | 30 |
|---|