Celestial AI raises US$175 million for photonic fabric

Celestial AI raises US$175 million for photonic fabric

Business news |
By Peter Clarke

Startup Celestial AI Inc., which is working to introduce high bandwidth optical connections between compute and memory in the datacenter, has raised US$175 million in its Series C round of funding.

The round was led by the US Innovative Technology Fund. In addition to USIT, the round included participation from new and existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, Engine Ventures, M-Ventures and Tyche Partners.

“This highly oversubscribed financing round is another testament to Celestial AI’s position to disrupt the market, and reflects the magnitude of business opportunity before us,” said Dave Lazovsky, Celestial AI founder and CEO, in a statement.

Celestial AI’s Photonic Fabric is an optical connectivity solution that enables the disaggregation of compute and memory. The technology delivers over 25x greater bandwidth and memory capacity while reducing latency and power consumption by up to 10x compared to existing optical interconnect alternatives and copper, the company claims.

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