Chip Startup Celestial AI Lands Massive $175M聽Series C

Optical interconnectivity startup raised a massive $175 million Series C led by 鈥檚 .

With the explosion of generative AI, both compute power availability and memory capacity are becoming more and more crunched 鈥� and marriage between compute and memory causes both to increase simultaneously. However, Celestial’s photonic fabric platform helps separate compute and memory, making processing extensive AI faster and more energy-efficient computing.

鈥淭his highly oversubscribed financing round is another testament to Celestial AI鈥檚 position to disrupt the market,鈥� said founder and CEO Dave Lazovsky. 鈥淭oday鈥檚 advanced AI models require exponentially more I/O bandwidth and memory capacity but are currently constrained by low bandwidth and high latency.鈥�

The round included a long list of investors in addition to USIT, including , , , Temasek鈥檚 fund, , , , , , and .

Big money

It was just last June when Santa Clara, California-based Celestial raised its $100 million Series B funding led by IAG Capital Partners, Koch Disruptive Technologies and Temasek鈥檚 Xora Innovation fund. Founded in 2020, the company has raised nearly $339 million, .

It鈥檚 been a busy couple of weeks in the semiconductor industry as investors have flocked to the sector knowing its importance in the rocketing AI industry.

It was just last week when shares of 鈥� a developer of data center connectivity technology with use cases in generative AI 鈥� soared after its initial public offering on the . Shares have since then remained well above their IPO price.

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