Lambda Raises $480M to Scale AI Cloud Infrastructure
Lambda raised $480 million in a Series D funding round, bringing its total equity capital raised to $863 million. The round was co-led by Andra Capital and SGW, with participation...
Start-ups
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Lumotive Secures $45M to Expand Programmable Optical Semiconductors
Lumotive, astart-up based in Redmond, Washington, has secured $45 million in a Series B funding round to accelerate the growth and sales of its Light Control Metasurface (LCM) technology. The...
Hyperlume Raises $12.5M for Optical Interconnects
Hyperlume, a start-up based in Ottawa, has secured a US$12.5 million seed funding round to advance its high-bandwidth, low-latency, and energy-efficient interconnect solutions for AI data centers and high-performance computing...
Relativity Networks Raises $4.6M for Hollow-Core Fiber
Relativity Networks, a start-up based in Orlando, Florida, has secured $4.6 million in pre-seed funding to accelerate the deployment of hollow-core fiber (HCF) technology, addressing the data transmission and power...
NXP to Acquire Kinara for $307M – Edge AI processors
NXP Semiconductors agreed to acquire Kinara, a start-up developing energy-efficient discrete neural processing units (NPUs). The $307 million all-cash transaction is expected to close in the first half of 2025,...
Salience Labs Secures $30M Series A for Optical Switching
Salience Labs, a start-up based in Oxford, UK, has secured $30 million in Series A financing to accelerate the development of its optical switches for AI datacenter connectivity. The funding...
iPronics Lands €20M for its Software-Defined Photonic Engin
iPronics, a deep-tech startup specializing in software-defined photonic engines, has raised €20 million in Series A funding to advance its Optical Networking Engine (ONE) for next-generation AI data centers. The round was led by Triatomic Capital,...
Lip-Bu Tan Joins Celestial AI Board
Celestial AI, a start-up based in Santa Clara, California, developing its Photonic Fabric optical interconnect, announced the appointment of Lip-Bu Tan to its Board of Directors. A prominent figure in...
Baya Systems Adds Semiconductor Vets to its Board
Baya Systems, astart-up based in Santa Clara, California, has added industry veterans Manish Muthal and Siva Yerramilli to its Board of Directors. Following its Series B funding, the company is...
Baya Systems Raises $36M to Drive AI and Chiplet Innovations
Baya Systems, a start-up based in Santa Clara, California, has raised over $36 million in a Series B funding round led by Maverick Silicon. Existing investors, including Matrix Partners and...
Xanadu Unveils Modular Quantum Computer with Photonic Fabric
Toronto-based Xanadu Quantum Technologies introduced Aurora, a scalable, networked, and modular quantum computer. The system, composed of four interconnected and networked server racks, features 12 qubits powered by 35 photonic...
Intel to Spin-Out its Venture Capital Arm
Intel Corporation has announced plans to spin off its venture capital arm, Intel Capital, into an independent fund to enhance autonomy and attract external capital. Intel will remain an anchor...
Red Hat Acquires Neural Magic to Boost Generative AI Optimization Across Hybrid Cloud
Red Hat has acquired Neural Magic, a specialist in generative AI inference performance engineering and model optimization. Financial terms are not disclosed. This strategic move aims to enhance Red Hat AI, the company’s...
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