Astera Labs’ funding takes it triple-unicorn

Business news |
By Peter Clarke

Astera Labs Inc. (Santa Clara, Calif.), a 2017 startup developing connectivity chips for datacenters, has raised US$150 million in a Series D round of funding.

This brings the total raised to US$235 million, while yielding a corporate valuation of $3.15 billion, the company claimed.

The Series D round was led by Fidelity Management and Research and included existing investors, including Atreides Management, Intel Capital, and Sutter Hill Ventures.

Board and products

At the same time Astera Labs has expanded its board of directors with the election of Alexis Black Bjorlin, vice president of infrastructure at Meta, and Michael Hurlston, CEO of Synaptics Inc.

Astera Labs’ latest product line is the Leo Memory Connectivity Platform which supports the CXL industry standard to support the transition to heterogeneous and composable architectures for data centers in support of artificial intelligence and machine learning in the cloud.

“Astera Labs continues to surpass every milestone for a technology startup, and we are now deep into the next stage of evolution for our company as we accelerate growth,” said Jitendra Mohan, CEO of Astera Labs, in a statement.

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