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Israeli chip company Xsight Labs raises $300 million in a funding round led by Fidelity Management at a $2.8 billion valuation to support growth in advanced connectivity infrastructure.

PRIVATEJul 30, 202610 days ago

Amount Raised

$300 Million

Round Type

Venture - Series Unknown

Tel Aviv

Investors

Valor Equity PartnersT. Rowe PriceIntel CapitalBattery VenturesArtisan PartnersAtreides ManagementFidelity Management & Research Company

Description

Xsight Labs, a semiconductor company, has raised over $300 million at a valuation of $2.8 billion. The round, led by Fidelity Management & Research Company, sees participation from existing and new investors. This funding comes amid a surge in demand for connectivity solutions essential for AI and cloud computing. Founded in 2017, Xsight Labs specializes in high-performance connectivity chips.

Company Information

Company

Xsight Labs

Location

Tel Aviv, Tel Aviv District, Israel

About

Xsight Labs is a fabless semiconductor company that enables end-to-end connectivity for the next generation of cloud service providers and hyperscale data center networks. Xsight Labs’ technology delivers exponential bandwidth growth while lowering power and total cost of ownership. Founded in 2017, Xsight Labs is headquartered in Kiryat Gat, Israel, and has offices in Tel-Aviv, Binyamina, Boston, MA, Raleigh, NC, and San Jose, CA. For additional information, visit www.xsightlabs.com.

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