Lightmatter, a Boston, MA-based photonic computing company, raised $80m in Series B funding, bringing total investment raised so far to $113m.
The round was led by Viking Global Investors with participation from GV (formerly Google Ventures), Hewlett Packard Enterprise (HPE), Lockheed Martin, Matrix Partners, SIP Global Partners, Spark Capital, and others.
The company intends to use the funds to accelerate production and go-to-market of its first generation roadmap products, and build out its sales and operations teams.
Founded in 2017 by CEO Nick Harris, Lightmatter is committed to developing AI compute technologies that accelerate AI growth while minimizing its environmental impact on the planet. The company provides Mars, a photonic computer, Passage, a new wafer-scale solution to enable computer chips to communicate at speeds, and Envise, a general-purpose photonic AI accelerator.
Lightmatter also announced today that Olivia Nottebohm, former chief operating officer of Dropbox, will be joining the Board of Directors. In her role at Dropbox, Nottebohm led sales, business development, partnerships marketing, customer success, support, people and communications. Prior to joining Dropbox, Nottebohm held leadership sales and go-to-market roles at Google, and was a Technology Practice Partner at McKinsey & Company.
FinSMEs
06/05/2021