AI & Enterprise
Nexthop AI raises $500 million in Series B, unveils new switches
AI data centre networking equipment developer Nexthop AI has completed a $500 million Series B fundraising, SiliconANGLE reported on Tuesday. The round was led by Lightspeed Venture Partners and included Andreessen Horowitz, Altimeter and existing investors. The funding values Nexthop AI at $4.2 billion. The company also unveiled three new switches based on Broadcom chips, including models with 51.2 terabits-per-second capacity.
