Search results for Celestial AI
AI & Enterprise
Lumilens raises over $700 million at $5.5 billion valuation, aims to replace copper interconnects in data centers
Second-year startup Lumilens has raised more than $700 million at a $5.5 billion valuation, the Wall Street Journal reported. Atrades Management, Bain Capital Ventures, MeritTech, Seligman Ventures and Spark Capital co-led the round, taking total funding above $900 million. The company has begun shipping equipment to an unnamed hyperscaler and contracts could be worth billions of dollars over the next few years. Lumilens aims to replace copper wiring with optical interconnects.
AI & Enterprise
Nvidia to invest $2 billion in Marvell to expand AI chip networking technology
Nvidia will invest $2 billion in Silicon Valley chipmaker Marvell, the Financial Times and Bloomberg News reported on Tuesday. The move aims to strengthen competitiveness in networking technology linking AI data centres. The two companies will jointly develop silicon photonics to upgrade data centre networking systems and increase data transmission speeds. Marvell has supported U.S. cloud service companies, including Amazon, in designing in-house AI chips.
AI & Enterprise
Candu AI raises $225 million, aims to ease AI chip bottlenecks with copper instead of optics
Swiss semiconductor company Candu AI has raised $225 million in a Series A round, The Next Web reported. The round was led by Maverick Silicon, with SoftBank, Synopsys, Cadence Design Systems and Alchip Technologies as strategic investors. Candu AI was valued at $400 million in the round. The company says copper is still viable, claiming its approach can boost link speeds and sharply reduce power use and system costs.