Astera Labs Secures $50 Million in Series-C funding at a $950 Million Valuation  

by Kay Aloha Villamor in September 28th, 2021

Astera Labs, a Santa Clara, California-based industry leader for connectivity solutions for intelligent systems, raised $50 million as part of an oversubscribed Series-C funding round led by Fidelity Management and Research.

Fidelity was joined in this funding round by Atreides Management and Valor Equity Partners, with continued participation from existing investors Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, and VentureTech Alliance.

The company plans to continue this momentum with an expanded focus to address connectivity bottlenecks throughout the data center with purpose-built ASIC and module solutions that unlock complex system topologies critical to mainstreaming data-intensive applications such as Artificial Intelligence and Machine Learning.

Company: Astera Labs Inc

Raised: $50.0M

Round: Series C

Funding Month: September 2021

Leading Investors: Fidelity Management and Research

Additional Investors: Atreides Management, Valor Equity Partners, Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, and VentureTech Alliance

Company Website: https://www.asteralabs.com/

Software Category: Connectivity solutions for intelligent systems

About the Company: Astera Labs Inc., a fabless semiconductor company headquartered in the heart of California’s Silicon Valley, is a leader in purpose-built connectivity solutions for data-centric systems throughout the data center. The company’s product portfolio includes system-aware semiconductor integrated circuits, boards, and services to enable robust CXL/PCIe connectivity. Astera Labs is helping customers remove performance bottlenecks in compute-intensive workloads. Established in 2017 and is based in Santa Clara, California, United States.

Source: https://www.businesswire.com/news/home/20210927005066/en/Astera-Labs-Secures-50M-in-Series-C-Funding-at-a-950M-Valuation-to-Accelerate-Product-and-Customer-Momentum




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