Lightmatter’s photonic technologies will be the foundation for AI and high-performance computing
Fidelity Management & Research Company, SIP, Viking Global Investors, GV (Google Ventures) and others join Lightmatter Series C round—tripling the company’s valuation
BOSTON--(BUSINESS WIRE)--Lightmatter, the leader in photonics, announced today that it raised a $154 million Series C investment round from SIP Global, Fidelity Management & Research Company, Viking Global Investors, GV (Google Ventures), HPE Pathfinder and existing investors. With this round, Lightmatter has raised a total of over $270 million to date. The company will leverage this new financing to arm some of the largest cloud providers, semiconductor companies, and enterprises with the power of photonic technology to bring a new level of performance and energy savings to the most advanced AI and HPC workloads.
“These technologies and its global customers will need the highest compute power to run these algorithms and apply them to new verticals, and we’re thrilled to invest in Lightmatter who can make that potential with computing that is faster and more sustainable.”
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