Photonic startup Lightmatter raises $400 million amid AI datacenter boom, eyes IPO next

Quick Summary:

Lightmatter, a Mountain View, California-headquartered startup building photonic tech in datacenter networking chips, said on Wednesday it has raised $400 million in a Series D funding round at a valuation of $4.4 billion.New investor T.

Its first large clusters are expected to be running next year.

And that is the reason that this level of funding is possible.

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Category: EconomyBusiness

Markets: SingaporeCanada

Topics: Lightmatter Last Data Funding Chips Year Million Photonic Company Tech Datacenter

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 21:14:49 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 18 lines

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News ID: 23088680

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