This funding comes just a year after Celestial AI raised $100 million in a Series B round. Since its inception in 2020, the Santa Clara, California-based company has raised nearly $339 million. The semiconductor industry has seen increased investor interest due to its crucial role in the rapidly growing AI industry.
Key takeaways:
- Optical interconnectivity startup Celestial AI has raised $175 million in a Series C funding round led by Thomas Tull’s US Innovative Technology Fund.
- The company's photonic fabric platform helps separate computers and memory, making processing extensive AI faster and more energy-efficient.
- Other investors in the round included AMD Ventures, Koch Disruptive Technologies, Temasek, Temasek’s Xora Innovation fund, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings, Porsche Automobil Holding, Engine Ventures, M-Ventures and Tyche Partners.
- Founded in 2020, Celestial AI has raised nearly $339 million to date, according to Crunchbase.