Fractional CFO for AI infrastructure & semiconductors companies
AI infrastructure and semiconductor businesses sit on long product cycles, heavy capex and concentrated customers, so the finance function carries balance-sheet weight that software CFOs never see. Tape-out cost, NRE, wafer commitments and capitalised R&D dominate the asset side. Revenue recognition has to handle hardware bundled with firmware, software and support.
Cost accounting at the SKU and BOM level is where credibility is earned. We work gross margin down to component cost, sequence capex against the tape-out and qualification roadmap, and lay out the working capital cycle from supplier deposits through inventory to customer collection. Design-win pipeline tracking sits alongside the financial model, not separate from it.
Flow provides financial modelling, FP&A and fractional CFO advisory to AI infrastructure and semiconductor companies across AI accelerators, networking silicon, edge inference hardware, fabless designers and GPU cloud providers.
KPIs to track for "AI infrastructure & semiconductors" startups
We're very 'KPI-driven' fractional CFOs, and we make sure to monitor the right metrics for your startup.
Design wins booked
Design-in to design-win rate
Revenue per design win
Gross margin by SKU
Wafer / die yield
Capex vs roadmap
R&D as % of revenue
Inventory turns
DSO / DPO cycle
Customer concentration
Foundry capacity committed
Bookings to billings ratio
Financial modelling for "AI infrastructure & semiconductors" startups
As fractional CFOs, we build KPI-driven financial models that are insightful and easy to maintain.
Financial modelling is both art and science - models must be robust, but also understandable, and useful for both internal planning and VC fundraising purposes. Hire a fractional CFO who knows how to handle both sides of the equation.
SKU-level BOM and gross margin
Gross margin built from die size, package, test cost and yield assumptions per SKU, with NRE recovery modelled across the programme volume. Shows whether the next node delivers the margin uplift the roadmap promises.
Tape-out and capex roadmap
Mask costs, qualification spend and capital equipment phased against the tape-out and product introduction schedule. Ties engineering milestones to the cash they actually consume rather than the calendar plan.
Design-win pipeline to revenue
Design-in, design-win and ramp probabilities translated into revenue by customer programme over the multi-year qualification cycle. Closes the gap between the sales pipeline and what gets booked years later.
Wafer commitment and inventory model
Foundry capacity commitments, wafer bank policy and finished-goods inventory mapped against the customer order book. Surfaces obsolescence risk before it becomes a write-down.
Hardware-plus-software revenue recognition
ASC 606 allocation across silicon, firmware, software stack and support entitlements for bundled deals. Stops accounting from distorting the gross margin signal investors and boards rely on.
Working capital cycle
Supplier deposits, foundry milestone payments, channel inventory and customer DSO laid out on a single cash conversion schedule. Tells the board how much working capital each incremental dollar of revenue actually consumes.
Founders and investors we've worked with
We've supported winning builders across AI infrastructure & semiconductors and beyond.
Dataprana
We acted as fractional CFO to Dataprana, a Miami-based data center developer and operator focused on crypto mining and AI / GPU compute workloads, building its bottom-up model and supporting an institutional growth round.
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Testim
As a fractional CFO we performed a confidential valuation of Testim, a Tel Aviv-based AI-based software testing automation platform, supporting Elevator Fund's portfolio management.
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Brew
As a fractional CFO we performed a confidential valuation of Brew, a Tel Aviv-based generative AI software platform for marketing teams, supporting Elevator Fund's portfolio management.
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TBô
We acted as fractional CFO to TBô, a Zurich-based tech-enabled DTC male underwear brand, building a bottom-up financial / operating model with cohort-level KPIs and positioning the company for its next venture round.
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Onlogist
We acted as fractional CFO to Onlogist, a Hamburg-based online marketplace for last-mile vehicle transfer, providing confidential valuation guidance and operating model support.
See moreRecent fractional CFO track record
See our fractional CFO and financial modelling experience across AI infrastructure & semiconductors and beyond.
Simple pricing
No hidden costs, no complicated long-term contracts. We understand how important flexibility is for AI infrastructure & semiconductors startups.
Per month
- Accounting / FP&A tech stack implementation
- Monthly financial statements and reporting pack
- Quarterly board pack with detailed financial analysis (with variance analysis vs. budget, relevant KPI observations etc.)
- Investor-friendly output
Per month
- Everything in Core, plus
- Operating model (via an online platform like Runway or Excel-based)
- Ongoing model maintenance, refining projections, burn/runway management
- Customer cohorts modelling, churn and retention analysis
- LTV / CAC, unit economics analysis
- Cap table management
Per month
- Everything in Grow, plus
- M&A / fundraising support; review of business plan
- Pitch deck preparation
- Investor approach strategy / list building
- Due diligence support and deal negotiation
- Valuation as required and free access to Multiples Pro
Packages shown are illustrative, final pricing is tailored to client requirements.
Explore our fractional CFO offering for similar verticals
We're a specialized fractional CFO to AI & ML companies.
Our fractional CFO experience spans across all AI & ML verticals.
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We know tech inside & out.
We provide fractional CFO services to companies operating across the entire tech.
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We help you scale by providing fractional CFO advice, through fundraising and a successful M&A exit.
VC fundraising for AI infrastructure & semiconductors companies
We help you prepare materials, reach out to investors in our extensive network, negotiate fair term sheets and structure the VC round.
Learn moreM&A for AI infrastructure & semiconductors companies
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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