Lightmatter said the latest funding tripled its valuation.

Photonics leader Lightmatter has raised $154 million in a Series C investment round, tripling its valuation with the participation of prominent investors including Fidelity Management & Research Company, Viking Global Investors, and GV (Google Ventures).

This latest funding brings Lightmatter’s total raised capital to over $270 million. The company aims to use the funds to provide major cloud providers, semiconductor firms, and enterprises with its photonic technology, enabling superior performance and energy efficiency for advanced AI and high-performance computing (HPC) workloads.

Lightmatter’s CEO, Nick Harris, emphasized the need for computing infrastructure to keep pace with the rapid advancements in artificial intelligence. The company’s photonics-enabled products, Envise, Passage, and Idiom, offer a comprehensive hardware and software solution for harnessing the benefits of photonic compute and interconnect technologies. By leveraging silicon photonics, Lightmatter aims to meet the growing demand for compute power in generative AI systems, which are becoming increasingly resource-intensive and costly to operate.

Furthermore, with photonics technology, Lightmatter aims to provide faster and more sustainable computing solutions, which are critical for running complex algorithms and expanding into new industries.

Lightmatter’s photonic processors offer a promising alternative to conventional processors by delivering faster processing speeds, enhanced energy efficiency, and reduced heat generation.

By addressing the pressing need for high-performance computing while minimizing environmental impact, Lightmatter is poised to drive the continued growth of AI computing. The company has experienced significant growth, attracting top talent to its leadership team and currently holding over 150 worldwide patents.

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