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Lightmatter Accelerates Growth And Expands Photonic Chip Deployments With $155M In New Funding; Now Valued At $1.2B

PRIVATEDec 19, 2023

Round Type

Funding Round

BostonManufacturingHardware

Investors

Viking Global InvestorsGv And

Description

Lightmatter, the leader in photonics, announced today it has raised a $155M Series C-2 led by GV (Google Ventures) and Viking Global Investors, with participation from others. With this round, Lightmatter has raised over $420 million to date and is now valued at over $1.2B. This new financing allows the company to expedite growth to meet the increasing demand for high-performance computing (HPC) from AI innovators. Lightmatter plans to expand its world-class team and office footprint, while accelerating its ability to provide customers increased performance on the most advanced AI workloads.

Who else raised in Hardware and Manufacturing around the same time

Companies in the same sectors as Lightmatter that raised within 45 days of this round, from Fundz verified event records.

  • Element Solutions raised $1.1B (Debt Financing) on December 18, 2023.
  • Hadrian raised $86M on December 11, 2023.
  • Osaro, Inc. raised $18M on November 16, 2023.
  • PHOENIX MOTOR raised $4.8M (Seed) on February 2, 2024.
  • Spore.Bio raised $8M (Pre-Seed) on February 2, 2024.
  • HempStreet raised $1M (Seed) on February 2, 2024.

Who to call at Lightmatter, and when

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Company Information

Company

Lightmatter

Location

800 W. El Camino Rd #350

Boston, Massachusetts, United States

About

Lightmatter is leading the revolution of computing, reducing impact on our planet, and enabling the next giant leaps in human progress. With the company’s photonics-enabled technologies, Lightmatter has reinvented how chips communicate and calculate. Its photonic interconnect and compute products simultaneously reduce the power consumption and increase the performance of silicon running the most advanced AI and HPC workloads.

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Related People

1 contact
Verified contactsDarius B., Executive Officer, Director hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Lightmatter's next move

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Lightmatter raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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