Astera Labs, a Santa Clara, Calif.-based provider of connectivity solutions for intelligent systems, raised $50M in Series-C funding.
The round was led by Fidelity Management and Research with participation from Atreides Management and Valor Equity Partners, and existing investors Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, and VentureTech Alliance.
The company intends to use the funds to grow its product portfolio and operations, hiring for several positions in North America and Asia.
Led by Jitendra Mohan, CEO, and Sanjay Gajendra, Chief Business Officer, Astera Labs is a fabless semiconductor company leader in purpose-built connectivity solutions for data-centric systems throughout the data center. The company’s product portfolio includes system-aware semiconductor integrated circuits, boards, and services to enable robust CXL/PCIe connectivity.
FinSMEs
27/09/2021