Celestial AI, a Santa Clara, CA-based company specializing in Photonic Fabric technology, has raised $100 million in a Series B funding round led by IAG Capital Partners, Koch Disruptive Technologies (KDT), and Temasek’s Xora Innovation fund.
Other major investors include Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, The Engine Fund, imec.xpand, M Ventures, and Tyche Partners.
Celestial AI is offering its Photonic Fabric optical interconnect technology and silicon-proven IP through a technology licensing program.
“We are at the beginning of an unprecedented journey toward the next generation of intelligence which will transform our way of life,” said Dave Lazovsky, Celestial AI founder and CEO. “Generative AI and Recommendation Engines, which today are running on general purpose computing systems, have already begun to measurably impact business processes, products and services. A rapid transition will take place in the coming years as global data center infrastructure transitions from general purpose to accelerated computing systems. This next wave of data center infrastructure is being architected to deliver tremendous advancements in AI workload efficiencies, resulting from disaggregation of memory and compute resources which is enabled by optical interconnectivity. Our technology solutions are lighting the way to the future of accelerated computing.”
The company is building a robust Photonic Fabric ecosystem consisting of AI compute, memory suppliers, hyperscalers, and high-volume commercial supply chain partners. The technology is compatible with existing industry standards including CXL, PCIe, UCIe, JEDEC HBM, and proprietary electrical communication links.
Company: Celestial AI, Inc.
Raised: $100.0M
Round: Series B
Funding Month: June 2023
Lead Investors: IAG Capital Partners, Koch Disruptive Technologies (KDT), and Temasek’s Xora Innovation fund
Additional Investors: Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, The Engine Fund, imec.xpand, M Ventures, and Tyche Partners
Company Website: https://www.celestial.ai/
Software Category: Photonic Fabric™ Technology Platform
About the Company: Celestial AI is a Machine Learning (ML) accelerator company that has developed a proprietary technology platform that enables the next generation of high-performance computing solutions. Celestial AI offers a suite of Photonic Fabric technology solutions to provide independent scalability of compute and memory resources. Celestial AI's Photonic Fabric technology offers optical connectivity performance that is significantly more advanced than existing offerings. The technology enables optical interconnect for disaggregated, exascale compute and memory clusters. Celestial AI Photonic Fabric offers 25 times greater bandwidth, more than 10 times lower latency, and reduced power consumption compared to alternatives. Customers can leverage Celestial AI's suite of Photonic Fabric technology solutions to scale compute independently and memory resources. The company was founded in 2020 and is based in Sunnyvale, California.
Source: https://www.businesswire.com/news/home/20230627995436/en/Celestial-AI-the-Creator-of-the-Photonic-Fabric-Optical-Interconnect-Technology-Platform-Raises-100-Million-in-Series-B-Funding