Celestial AI, a Sunnyvale, Calif.-based AI-accelerator company with a proprietary hardware and software platform for machine learning chipsets, raised $56 million in Series A funding.
The round was led by Koch Disruptive Technologies (KDT), with participation from Temasek’s Xora Innovation fund, The Engine, the venture firm spun out of MIT, Tyche Partners, Merck’s corporate venture fund, M-Ventures, IMEC XPand, and venture capital investor in the Princeton University ecosystem, Fitz Gate. Isaac Sigron, Managing Director of KDT, joined Celestial AI Board Member.
The company intends to use the funds for expanding the global engineering team, product development, and strategic supplier engagements, including Broadcom, and to build its Orion AI accelerator products.
Company: Celestial AI Inc.
Raised: $56.0M
Round: Series A
Funding Month: February 2022
Lead Investors: Koch Disruptive Technologies (KDT)
Additional Investors: Temasek’s Xora Innovation fund, The Engine, Tyche Partners, Merck’s corporate venture fund, M-Ventures, IMEC XPand, and Fitz Gate
Company Website: https://www.celestial.ai/
Software Category: AI accelerator
About the Company: Led by Celestial AI founder and CEO David Lazovsky, Celestial AI is an AI accelerator company with a proprietary hardware and software technology platform that enables the next generation of high-performance computing solutions. The company’s mission is to transform the way computing is done with their proprietary Photonic Fabric™ technology that uses light for data movement both within a chip and between chips. The Photonic Fabric enables optically addressable memory and computes (within chip and chip-to-chip) that decouples their technology from the limitations of electronics and slowdown of Moore’s Law.
Source: https://www.finsmes.com/2022/02/celestial-ai-raises-56m-in-series-a-funding.html