Xscape Photonics, a start-up based in Santa Clara, California, announced $44 million in a Series A funding round, bringing its total financing to $57 million. Led by IAG Capital Partners, the round also saw participation from major tech investors, including Cisco Investments, NVIDIA, and Altair. The company plans to use the funds to advance its ChromX platform, a scalable, multi-wavelength photonics technology aimed at addressing performance and energy efficiency challenges in AI data centers.
Xscape Photonics said it is positioning its forthcoming ChromX platform as a solution to meet data center connectivity demands, offering a multi-color photonics platform that can handle hundreds of wavelengths on a single fiber, dramatically improving scalability and flexibility.
The company’s founding team includes leaders in Silicon Photonics from top companies like Broadcom and Intel. “We see tremendous value in the technology Xscape is developing,” said Alex Kash, Associate at IAG Capital Partners. “The future of data centers will be built around photonics, and this capital will accelerate their product development.”
Historically, performance and scalability challenges have been addressed by building bigger data centers to train large language models. This approach is not sustainable and unlocks a myriad of additional issues around energy consumption and cost,” said Vivek Raghunathan, Co-Founder and CEO of Xscape Photonics. “At Xscape Photonics, we are on a mission to help our customers completely reimagine how they solve these challenges. This funding validates our mission and positions us for future growth to support next-generation AI data centers.” • $44M Series A funding round led by IAG Capital Partners
- Total raised to $57M with investment from Cisco, NVIDIA, Altair, and others
- ChromX platform offers scalable, multi-color photonics for AI data centers
- AI workloads to account for over 20% of data center energy use by 2025 (IDC)
- Xscape Photonics founded in 2022 by Silicon Photonics experts
