Cloud networking startup emerges with $116 million in funding

Business news |
By Peter Clarke

The cloud infrastructure is going through rapid change and Xsight Labs said it is developing a portfolio of chips to address that starting with the X1, a data center switch that is now sampling. The X1 is a 25.6Tbit 32 by 800G and 12.8Tbit 32 by 400G data center switch with PAM4 SerDes capable of 100Gbits per second.

The company’s founders have impressive experience with other successful startups eventually sold for impressive multiples. The founders include CEO Guy Koren, CTO Gal Malach and Switch general manager Erez Shaizaf, all formerly with EZchip, which was acquired by Mellanox in September 2015.

Xsight Labs’ founding investor, Avigdor Willenz, previously founded silicon switch provider Galileo Technology, which was acquired by Marvell in January 2001 for $2.7 billion. His other successful ventures and lead investments include Annapurna Labs, acquired by Amazon in January 2015; Leaba Semiconductor, sold to Cisco in March 2016; and Habana Labs, acquired by Intel in December 2019.

Xsight Labs is headquartered in Kiryat Gat, Israel and has offices in Tel-Aviv, Binyamina, Boston, Massachusetts; Raleigh, North Carolina and San Jose, California. Its investors include Intel Capital, Microsoft M12, Xilinx, Battery Ventures, Valor Equity Partners, Atreides Management and others.

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