Liquid-Markets-Solutions
Liquid-Markets-Solutions (LMS) develops FPGA-based programmable SmartNICs under the ÜberNIC brand, delivering sub-microsecond ultra-low-latency networking for financial-services trading infrastructure, AI/ML distributed training workloads, and enterprise device consolidation across five global offices.
- Company typePrivate
- Founded2016
- HeadquartersBaar, Switzerland
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Liquid-Markets-Solutions does
Liquid-Markets-Solutions (LMS, operating also as Liquid-Markets) develops and sells ÜberNIC, a family of FPGA-based programmable SmartNICs marketed as the only commercial SmartNIC built entirely on FPGA silicon. Its core architecture is the ÜberNIC IP Suite — a modular set of hardware-software components including ÜberStack, ÜberSock, ÜberLoad, ÜberL2, ÜberDPI, ÜberPTP, ÜberPTM, ÜberCAP, ÜberRAW, and the ÜberFPGA FDK — ported across both AMD and Altera (Intel subsidiary) FPGA ecosystems. The hardware portfolio currently spans the ÜberNIC ML (low-latency, 19W, AMD), ÜberNIC Ultra+ and Ultra+ Wide (1GbE to 400GbE hyperscale, Altera, 54–72W), ÜberNIC DS (16TB NVMe plus 32GB DDR4 with dual 200GbE, 80W), and ÜberNIC FH/HH form-factor variants. Claimed technical performance includes sub-microsecond Ethernet adapter latency with zero drops, 10⁻¹² precision timestamping (host sync ±4 ns, infrastructure sync <16 ps), lossless line-rate capture, and STAC Research-validated results (May 2024) including the first system under 10μs maximum latency at 1M msg/sec.
LMS monetizes the platform through two streams: (1) sale of programmable SmartNIC hardware through a channel-led model with BittWare (Molex) as flagship distributor and Dell, Jabil, ASRock Rack, Blackcore Technologies, and Hamburgnet providing configuration and regional distribution; and (2) licensing of the ÜberNIC IP Suite for FPGA-based implementations. Pricing is not publicly disclosed; sales are quote-based with multi-year enterprise contracts, accessed via Request Quote and Contact Us CTAs. The go-to-market targets three verticals: Financial Services (FSI) as the primary segment for market data distribution, order routing, and regulatory capture; AI/ML Infrastructure to reduce GPU idle time in distributed training; and Enterprise for device consolidation. Silicon sponsorship from Intel, Altera, and AMD underpins the platform, with strategic and ecosystem partnerships spanning Beeks (Strategic Partner), Red Hat, CERN, V-City, and Hamburgnet.
The corporate footprint spans five jurisdictions under separately incorporated entities: Liquid-Markets-Holdings Inc. (Larchmont, NY, USA — headquarters), Liquid-Markets GmbH (Baar, Switzerland), Liquid-Markets Co., Ltd. (Tokyo, Japan), Liquid-Markets Limited (Sheung Wan, Hong Kong), and Liquid-Markets Pte. Ltd. (Singapore). Reported headcount is 1–10 employees and revenue is not disclosed; the firm reported as founded in 2016 with co-founders Alexander Stein and Seth Friedman. Recent strategic actions include the May 2024 STAC Research audit and a 2025-09-02 strategic investment from Beeks Group.
Liquid-Markets-Solutions firmographics
Firmographics- Name
- Liquid-Markets-Solutions
- Legal name
- Liquid-Markets-Holdings Inc.
- Website
- https://liquid-markets.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Liquid-Markets-Solutions (LMS) develops FPGA-based programmable SmartNICs under the ÜberNIC brand, delivering sub-microsecond ultra-low-latency networking for financial-services trading infrastructure, AI/ML distributed training workloads, and enterprise device consolidation across five global offices.
- Ownership category
- akta.pro rank
Liquid-Markets-Solutions industry classification
Industry- Product category
- Network Interface Cards (SmartNIC Hardware)
- NAICS
- Computer and Peripheral Equipment Manufacturing (3341), Computer Systems Design Services (541512)
- SIC
- Computer Communications Equipment (3576)
- akta.pro primary industry
- Network/Infrastructure Processors (Switching/Routing/SmartNIC DPUs) (HDAHAJAH)
- akta.pro secondary industries
- Programmable Logic (FPGAs/CPLDs) (HDAHAJAG), Compute & Acceleration ICs (CPU/GPU/AI/FPGA/ASIC) (HDAHABAC)
Keywords
Where Liquid-Markets-Solutions is headquartered
LocationHeadquarters
- HQ city
- Baar
- HQ country
- Switzerland
- HQ region
- Europe
Offices5 records
Markets served
Liquid-Markets-Solutions business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Hardware Sales - SmartNIC Products: Sale of programmable SmartNIC hardware including ÜberNIC ML, Ultra+, DS, and Ultra+ Wide product lines targeting data-hungry industries.
- IP Suite Licensing: Licensing of ÜberNIC IP Suite including base IP, add-on IP modules (ÜberStack, ÜberSock, ÜberLoad, ÜberDPI, etc.) for FPGA-based implementations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based enterprise pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels2 records
Liquid-Markets-Solutions product offering
Product offeringCore offering
Liquid-Markets-Solutions (LMS) designs and sells FPGA-based programmable SmartNIC hardware under the ÜberNIC brand (ML, Ultra+, Ultra+ Wide, DS, FH, HH variants) and licenses the ÜberNIC IP Suite, a modular portfolio of base and add-on FPGA IP blocks (ÜberStack, ÜberSock, ÜberLoad, ÜberL2, ÜberDPI, ÜberPTP, etc.). Products deliver sub-microsecond line-rate latency with zero packet drops and 10^-12 precision timestamping for trading, AI/ML, and enterprise network I/O workloads.
Product overview
LMS offers the ÜberNIC family of commercial SmartNICs built exclusively on FPGA technology. The portfolio consists of five distinct SmartNIC product lines: ÜberNIC ML (ultra-low-latency, AMD FPGA, 19W, 2 DSFP28), ÜberNIC Ultra+ (high-density, Altera FPGA, 54W, 1 QSFPDD/8 interfaces), ÜberNIC Ultra+ Wide (ultra-density, 72W, 1x400GbE + 1x200GbE), ÜberNIC DS (ultra-storage, 16TB NVMe, 80W, 2x200GbE), and ÜberNIC FH/HH variants. These are complemented by the ÜberNIC IP Suite—a modular FPGA-based IP portfolio containing base IP components (ÜberStack, ÜberSock) and add-on IP modules (ÜberLoad, ÜberL2, ÜberFPGA, ÜberPTM, ÜberPTP, ÜberWR, ÜberCAP, ÜberDPI, ÜberRAW). The company also provides the ÜberFPGA FDK for seamless upgrades within the AMD FPGA ecosystem. Target markets include Financial Services (FSI), AI/ML Infrastructure, and Enterprise sectors.
Differentiator
Problem solved
Functional benefit
Brands
- ÜberNIC: Family of FPGA-based programmable SmartNIC products including ML, Ultra+, DS, and Ultra+ Wide models for ultra-low-latency network I/O applications
- ÜberNIC IP Suite
Products and services
- ÜberNIC ML
Quantifiable outcome
- 770% Gbps performance improvement
- +3 more outcomes
Companies that use Liquid-Markets-Solutions
Customer profileSegments3 records
Ideal customer profiles3 records
Liquid-Markets-Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Liquid-Markets-Solutions partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, core and minor.
- BeeksflagshipBeeks is designated as a Strategic Partner, representing a key collaborative relationship for market development and solution deployment.
- IntelcoreSilicon partner providing FPGA technology for SmartNIC product development and ecosystem support.
- AlteracoreSilicon partner (Intel subsidiary) providing FPGA platforms for ÜberNIC Ultra+ product line.
- AMDcoreSilicon partner providing AMD FPGA ecosystem for ÜberNIC ML product line with 19W total power draw.
- BittWare (Molex)flagshipPrimary manufacturing and distribution partner for ÜberNIC products globally. Products available now through BittWare.
- Dell TechnologiescoreConfigurable ÜberNIC options available through Dell infrastructure product portfolio.
- JabilcoreManufacturing and configuration partner enabling scalable production of ÜberNIC products.
- ASRock RackminorRegional manufacturing and distribution partner for specific market segments.
- Blackcore TechnologiesminorRegional distribution partner for ÜberNIC products in specific geographic markets.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Liquid-Markets-Solutions competitors and assessment
Company assessmentBroad incumbents
- Xilinx (AMD): AMD's FPGA division provides both the underlying silicon for LMS products and its own Alveo SmartNIC adapters. Overlaps with LMS in FPGA-based networking but operates at a much broader platform scale.
- Broadcom: Major networking silicon provider offering Ethernet NICs, switches, and increasingly DPU capabilities. Competes with LMS in enterprise data center networking, though with ASIC-based architectures at much higher volume.
- NVIDIA (Mellanox): ConnectX NICs and BlueField DPUs dominate the SmartNIC/DPU category with ASIC-based solutions. Competes with LMS for the same AI infrastructure and enterprise data center sockets, but at significantly higher volume and tighter server-platform integration.
- Marvell: Offers OCTEON and LiquidIO SmartNIC/DPU families for data center, 5G, and enterprise workloads. Competes with LMS across hyperscale and enterprise infrastructure, though with ASIC rather than FPGA-based architecture.
- Pensando (AMD/HPE): DPU/SmartNIC vendor acquired by AMD and integrated into HPE solutions; targets enterprise, edge, and AI workloads. Comparable to LMS in the SmartNIC value proposition for distributed infrastructure.
- Intel (Altera / IPU): Supplies both Altera FPGAs (used in LMS's Ultra+ line) and its own IPU/DPU SmartNIC products. Overlaps with LMS as both a silicon partner and a competitor in infrastructure acceleration.
Direct peers
- Napatech: Provides FPGA-based SmartNICs and packet capture/network adapters purpose-built for low-latency trading, cybersecurity, and network monitoring — directly comparable to LMS's ÜberNIC portfolio serving the same HFT and infrastructure telemetry use cases.
- Solarflare Communications (AMD/Xilinx): Onload-accelerated low-latency NICs widely deployed in financial trading and enterprise data centers. Competes head-to-head with ÜberNIC in the HFT market segment where sub-microsecond latency is the key buying criterion.
- Netcope Technologies: Provides FPGA-based network adapters and packet processing IP for ultra-low-latency and high-throughput applications, including financial trading and ISP infrastructure. Directly comparable to LMS's FPGA SmartNIC and IP Suite offering.
- Accolade Technology: Specializes in FPGA-based SmartNICs and packet processing for financial trading, market data, and network monitoring. Closely comparable to LMS in customer base (HFT/FSI) and FPGA-programmable architecture.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Liquid-Markets-Solutions social profiles
Digital presenceLiquid-Markets-Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Liquid-Markets-Solutions leadership team
Management profileNumber of profiles
Profiles2 records
Liquid-Markets-Solutions funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Liquid-Markets-Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Liquid-Markets-Solutions
What does Liquid-Markets-Solutions do?
Liquid-Markets-Solutions (LMS) designs and sells FPGA-based programmable SmartNIC hardware under the ÜberNIC brand (ML, Ultra+, Ultra+ Wide, DS, FH, HH variants) and licenses the ÜberNIC IP Suite, a modular portfolio of base and add-on FPGA IP blocks (ÜberStack, ÜberSock, ÜberLoad, ÜberL2, ÜberDPI, ÜberPTP, etc.). Products deliver sub-microsecond line-rate latency with zero packet drops and 10^-12 precision timestamping for trading, AI/ML, and enterprise network I/O workloads.
Is Liquid-Markets-Solutions a public or private company?
Liquid-Markets-Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Liquid-Markets-Solutions founded?
Liquid-Markets-Solutions was founded in 2016. It employs 1 to 10 people.
Where is Liquid-Markets-Solutions based?
Liquid-Markets-Solutions is headquartered in Baar, Switzerland, in the Europe region.
How does Liquid-Markets-Solutions make money?
Two revenue lines are on record. Hardware Sales - SmartNIC Products are the primary driver. The others are IP Suite Licensing.
Who are Liquid-Markets-Solutions's main competitors?
Broad incumbents on record are Xilinx (AMD), Broadcom, NVIDIA (Mellanox), Marvell, Pensando (AMD/HPE) and Intel (Altera / IPU). Direct peers are Napatech, Solarflare Communications (AMD/Xilinx), Netcope Technologies and Accolade Technology.
Does Liquid-Markets-Solutions have an API?
No public API is recorded for Liquid-Markets-Solutions.
What industry is Liquid-Markets-Solutions in?
Liquid-Markets-Solutions's product category is Network Interface Cards (SmartNIC Hardware). Its primary akta.pro industry code is HDAHAJAH, Network/Infrastructure Processors (Switching/Routing/SmartNIC DPUs), with a secondary code of HDAHAJAG, Programmable Logic (FPGAs/CPLDs). Its NAICS code is 3341 and its SIC code is 3576.