Astera Labs Raises $150M in Series D At $3.15B Valuation

Astera Labs, a Santa Clara, CA-based supplier of chips to attach AI methods in the cloud, raised $150m in Series D funding with a $3.15B valuation.

The spherical was led by Fidelity Management and Research with participation from Atreides Management, Intel Capital, and Sutter Hill Ventures. Astera Labs has additionally added Dr. Alexis Black Bjorlin, VP of Infrastructure, Meta, and Michael Hurlston, President, and CEO, Synaptics Incorporated, to its board of administrators.

The firm, which has raised a complete of $206.4m, to this point, intends to make use of the funds to broaden operations and its enterprise attain, with new analysis and improvement facilities in Toronto and Vancouver, Canada.

Led by Jitendra Mohan, CEO, Astera Labs is a pacesetter in purpose-built knowledge and reminiscence connectivity options to take away efficiency bottlenecks all through the info middle. The firm has developed three merchandise to allow greater bandwidth, elevated reminiscence capability and strong connectivity for datacenters by means of Compute Express Link™ (CXL™), PCIe®, and Ethernet applied sciences. Its latest product line – the Leo Memory Connectivity Platform – leverages the brand new CXL trade normal to help the transition to heterogeneous and composable architectures for next-gen knowledge facilities and allow mainstreaming of Artificial Intelligence and Machine Learning in the Cloud.

FinSMEs

18/11/2022

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