Celestial AI completed $225 million Series C Round funding
Sector:
AI
Computing
Celestial AI
completed $225 million Series C Round funding. Investors include
VentureTech Alliance, Samsung Catalyst Fund, Fidelity Management, Maverick Silicon, BlackRock, Tiger Global, Koch Disruptive Technologies, Temasek, Xora Innovation, Engine Ventures, United States Innovative Technology Fund, AMD Ventures, imec.xpand.
Celestial AI Closes Final Series C1 Round to Accelerate Next-Generation AI Computing. "The largest global infrastructure investment in history is currently underway as companies race to build AI computing capacity. The AI industry is hitting a fundamental wall with data movement between AI processors over copper wires. Today's copper-based interconnects simply cannot efficiently scale to serve the millions of processors that next-generation AI will require," said David Lazovsky, CEO of Celestial AI. "We find ourselves uniquely positioned with the right technology, at exactly the right time to partner with hyperscale customers and the greater industry ecosystem to lead this transition to light-speed data transfer. Our Photonic FabricTM represents a generational leap in bandwidth, low latency and power efficiency designed to deliver the kind of breakthrough that redefines what's possible in AI. We are pleased to add VentureTech Alliance as a strategic investor to further strengthen our supply chain partnerships."
About
Celestial AI is an AI accelerator company with a proprietary hardware and software technology platform which enables the next generation of high-performance computing solutions. Celestial AI's mission is to fundamentally transform the way computing is done with their proprietary Photonic Fabric technology that uses light for data movement both within chip and between chips.
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