Avicena has raised $65 million in an oversubscribed Series B funding round led by Tiger Global, with new backing from SK hynix and continued support from Prosperity7 Ventures, Venture Tech Alliance, Maverick Silicon, Cerberus Capital Management, Hitachi Ventures, and Lam Research. The latest round brings Avicena’s total funding to $120 million as it prepares to scale production of its LightBundle™ technology, a microLED-based optical interconnect platform designed to meet the rising performance and efficiency demands of AI infrastructure.
Avicena’s LightBundle system leverages GaN microLEDs and a large-display manufacturing ecosystem to deliver optical interconnects that significantly outperform laser-based solutions in energy efficiency, bandwidth density, reliability, and cost. These capabilities make it a promising candidate for next-generation disaggregated memory architectures, where traditional electrical interconnects face bandwidth and reach limitations, and laser optics fall short on power efficiency.
The company plans to use the new funding to expand its team and ramp the first LightBundle product into volume production. Investors highlighted the urgency for low-power, high-bandwidth interconnects in AI and high-performance computing systems. “This highly oversubscribed funding round is another testament that Avicena is in a leading position to disrupt the AI interconnect market,” said Bardia Pezeshki, Founder and CEO of Avicena. “We will use the new funds to further scale our team and ramp our first product into production.”
- Avicena raised $65M in Series B funding, bringing total funding to $120M.
- Tiger Global led the round; SK hynix joined as a new strategic investor.
- LightBundle™ microLED optical interconnects target AI, HPC, and disaggregated memory fabrics.
- Technology offers better bandwidth density and lower energy use than laser optics.
- Funds will accelerate production ramp and team growth in Sunnyvale, CA.
“This highly oversubscribed funding round is another testament that Avicena is in a leading position to disrupt the AI interconnect market,” said Bardia Pezeshki, Founder and CEO of Avicena.
