Lightmatter, a Mountain View, CA-based company which speciaizes in photonic supercomputing, raised $400M in Series D funding, at $4.4B valuation.
The round, which brought the total amount to $850M, was led by T. Rowe Price Associates, Inc. with participation from existing investors, including Fidelity Management & Research Company and GV (Google Ventures).
The company intends to use the funds to ready Passage™ for mass deployment in partner data centers, enabling the scaling required for sustained AI innovation.
Led by CEO Nick Harris, Lightmatter specializes in AI data center infrastructure. The company invented a 3D-stacked photonics engine, Passage, capable of connecting thousands to millions of processors at the speed of light in extreme-scale data centers for the most advanced AI and HPC workloads.
In conjunction with the Series D fundraise, it announced the appointment of Simona Jankowski as Chief Financial Officer, and Richard Beyer and Robin Washington to its Board of Directors. Since the company’s last funding announcement in December 2023, Lightmatter expanded its footprint with an office in Toronto and continues to grow its team.
FinSMEs
16/10/2024