Optical processor startup raises $80 million in Series B
The company, founded in 2017, has introduced its first products, including a photonic artificial intelligence accelerator in a 4U server blade format (see Optical processing AI startup launches 4U accelerator). Lightmatter claims its photonic compute chip at the heart of the system accelerates artificial intelligence applications by more than a factor of 10 and with an energy consumption advantage.
The $80 million round was led by Viking Global Investors with participation from Hewlett Packard Enterprise, Lockheed Martin and SIP Global Partners plus returning investors GV, Matrix Partners, and Spark Capital. It brings the total investment raised by Lightmatter so far to $113 million.
“Funds will be used to accelerate production and go-to-market of our first-generation roadmap products, and build out our sales and operations teams,” said Nick Harris, co-founder and CEO of Lightmatter, in a statement.
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