Celestial AI, a Santa Clara, CA-based photonic fabric company, raised $100M in Series B funding.
The round was led by IAG Capital Partners, Koch Disruptive Technologies (KDT) and Temasek’s Xora Innovation fund. Other investors in the round included Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, The Engine Fund, imec.xpand, M Ventures and Tyche Partners.
The company intends to use the funds to expand operations and its business reach.
Led by Founder and CEO Dave Lazovsky, Celestial AI offers a suite of Photonic Fabric technology solutions to provide independent scalability of compute and memory resources. Customers can leverage the Photonic Fabric as an extension to their existing compute platforms (GPUs, CPUs, and accelerators) through licensable IP or can harness the benefits of the Photonic Fabric with Celestial AI’s Orion AI accelerator. The Photonic Fabric also enables production deployments of optically interconnected composable memory systems.
The technology is compatible with existing industry standards including CXL, PCIe, UCIe, JEDEC HBM, and proprietary electrical communication links.
FinSMEs
29/06/2023