Hyperlume is currently collaborating with early adopters, primarily in North America, to refine its technology. The company has attracted significant interest from hyperscalers and other industries. Recently, Hyperlume raised $12.5 million in a seed round led by BDC Capital’s Deep Tech Venture Fund and ArcTern Ventures, with participation from Intel Capital and others. The funding will help expand its engineering team and further develop its technology. Hyperlume envisions becoming an AI connectivity solution provider, focusing on optical connections to enhance data center capabilities for future demands.
Key takeaways:
- Data centers consumed 4.4% of U.S. electricity in 2023 and are estimated to use up to 12% by 2028, with most energy used for data transfer between chips.
- Hyperlume, based in Ottawa, Canada, is developing microLED technology to make data transfer more energy-efficient and faster than traditional copper-based connections.
- The company recently raised a $12.5 million seed round to hire more engineers and further develop its technology, aiming to address latency and energy consumption issues in data centers.
- Hyperlume is currently working with early adopters and plans to scale its technology to become an AI connectivity solution provider for next-generation data centers.