On March 27, 2024, AI chip accelerator startup headquartered in Santa Clara, California, USA Celestial AI announced it has raised $175 million in Series C funding. The round was led by the US Innovative Technology Fund (USIT), with participation from AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek's wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, Engine Ventures, M-Ventures, and Tyche Partners.
The company plans to use the raised funds to expand customer collaborations and commercialize its Photonic Fabric technology platform.
Founded in 2020, Celestial AI provides an optical interconnect technology platform for compute and memory called Photonic Fabric, delivering performance acceleration for optically scalable, disaggregated data center compute and memory.
(Source:BusinessWire）