Diamond Foundry

Diamond Foundry

Produces single crystal diamond wafers for technology

About Diamond Foundry

Simplify's Rating
Why Diamond Foundry is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Automotive & Transportation

Energy

AI & Machine Learning

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$438.3M

Headquarters

San Francisco, California

Founded

2012

Overview

Diamond Foundry specializes in creating single crystal diamond wafers that are essential for improving the performance of technologies in fields like artificial intelligence, electric vehicles, and wireless communication. These wafers help manage heat effectively, which is crucial for the efficiency of these advanced technologies. The company sells its products primarily to other businesses, including major automotive manufacturers and high-tech companies, focusing on providing components that enhance their operations. What sets Diamond Foundry apart from its competitors is its commitment to sustainability, as its diamond wafers are produced with a zero carbon footprint, making them not only efficient but also environmentally friendly. The goal of Diamond Foundry is to lead in both technological advancements and sustainable practices in the semiconductor industry.

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Simplify's Take

What believers are saying

  • Lab-grown diamonds require ten times less energy than mined diamonds, boosting sustainability.
  • Expansion into Spain and Germany increases production capacity and market presence.
  • Partnerships with high-profile brands enhance visibility and credibility in luxury markets.

What critics are saying

  • Increased competition from other lab-grown diamond producers may impact market share.
  • Consumer confusion from misleading natural diamond marketing could affect sales.
  • Integration challenges from the Audiatec acquisition may disrupt operations.

What makes Diamond Foundry unique

  • Proprietary technology enables zero-emission diamond production, reducing environmental impact significantly.
  • Single crystal diamond wafers enhance performance in AI, EVs, and wireless communication.
  • VRAI brand offers direct-to-consumer luxury diamond jewelry, enhancing market reach.

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Funding

Total Funding

$438.3M

Above

Industry Average

Funded Over

5 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Employee Discounts

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

0%
Global Trade Alert
Dec 4th, 2024
Global Trade Alert

A recognised independent monitoring of policies that affect world commerce trusted by many.

PR Newswire
Jun 4th, 2024
Lab Diamonds Now 10X More Energy Efficient Than Mining

Public confused by natural diamond marketing claims to the contrarySAN FRANCISCO, June 4, 2024 /PRNewswire/ -- Diamond Foundry today confirmed that its technological advances have made lab created diamonds ever more environmental: they now require ten times (!) less energy to create than it takes to mine ones already created by Earth.Further, the energy used to create them has zero carbon emissions in Diamond Foundry's production. This compares to the dirtiest Diesel generally used in mining diamond industrially in Africa.Earth takes a lot of pressure over a long time to yield diamond crystal, then mining "just" needs to extract such crystals already formed. So how come forming diamond in a lab from scratch is actually a lot more energy efficient? The reason is that mining is extremely inefficient — a ton of earth has to be moved to yield small quantities of crystals."In truth, it has been since 2017 already that we required less energy per carat than mining – it's just that everyone has kept thinking the opposite because of the misleading marketing by the mining cartel," said Martin Roscheisen, CEO of Diamond Foundry, adding: "Now though, we are at ten times less energy, so it is truly time for everyone to stop saying anything else."Nestled among the apple orchards of America's beautiful Pacific West, Diamond Foundry produces diamonds using zero-emission energy by converting the greenhouse gas methane into diamond using American ingenuity and craftsmanship. Its diamonds are of unquestionable origin – no complicated bureaucracy and "tracing" required.More than half of all diamonds sold in the United States – including engagement rings – are now created in labs rather than mined.Diamond Foundry Inc. is the #1 producer of single-crystal diamond worldwide. For more information see www.DF.comMedia Contact: Lena Nieves, [email protected], 1 (888) 322-4397SOURCE Diamond Foundry

Forbes
Jun 4th, 2023
With Vrai, Diamond Foundry Plans To Make Lab-Grown Diamonds True Luxury

"Diamond Foundry is proving with technology that we can create mining-scale diamond production to . [+] the point that we won’t need mined diamonds anymore,” said Mona Akhavi, Vrai president and CEO. / AFP PHOTO / CHRIS J RATCLIFFE (Photo credit should read CHRIS J RATCLIFFE/AFP via Getty Images)AFP via Getty Images. Couples are increasingly choosing a lab-grown diamond for their all-important diamond engagement ring purchase. The Wall Street Journal reported that more than one-third of U.S. couples chose a lab-grown center stone in 2022, based upon a survey conducted by The Knot among nearly 12,000 engaged couples

Arab News
Jan 15th, 2023
Georgina Rodriguez supports Ronaldo as he trains for Saudi Arabia’s Al-Nassr debut | Arab News

DUBAI: California-based manufacturer the Diamond Foundry, backed by US Hollywood star Leonardo DiCaprio, has partnered with Dubai-based jewelry retailer Etika Jewels to offer carbon-free diamonds in the UAE for the first time.

Glasgowist
Dec 30th, 2022
Fraser Hart launches lab-grown diamond store in Argyll Arcade

Fraser Hart has partnered with a leading jewellery manufacturer that works exclusively with Diamond Foundry, a pioneer in the lab-grown diamond growing industry.

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