LightSpeed Photonics Secures $6.5 Million Funding
Deeptech startup LightSpeed Photonics, known for its cutting-edge optical interconnects for data centers, has raised $6.5 million in a pre-Series A funding round led by pi Ventures. With this round, the startup has now raised a total of $8.5 million since its founding in 2021.
Other participants in the round include 500 Global, India Accelerator…
Lightmatter, an innovative startup harnessing the power of light for advanced computing, has successfully raised $400 million in a Series D funding round. This investment, led by T. Rowe Price, catapults the company’s valuation to an impressive $4.4 billion.
A Quantum Leap in Valuation
This new funding round marks a significant leap from Lightmatter’s previous valuation of $1.2 billion just…
Nvidia CEO Jensen Huang has voiced strong support for nuclear energy as a critical solution for powering AI data centers, which are projected to consume as much electricity as a small country within the next three years. By 2027, the energy requirements for AI could rival the total electricity consumption of Sweden or the Netherlands.
In an interview with Bloomberg, Huang emphasized the need for a…
