Funding Round attributes
Who is Funding
T. Rowe Price Associates, Inc., advised the round which was led by new investors. Further participation came from existing backers such as Fidelity Management & Research Company and GV (Google Ventures). This brings Lightmatter’s total capital raised to $850 million.
What the Funding is For
The funding is set to scale Lightmatter’s photonic supercomputing technology and, more specifically, to deploy its Passage™ photonic engine in partner data centers. Passage is designed to address critical bottlenecks in AI infrastructure by improving the data movement and performance, while also reducing power consumption. This is set to support the next generation of AI models and supercomputers, helping them to scale efficiently.
About the Company
Lightmatter is a leader in photonic supercomputing, they transform data center infrastructure for AI and high-performance computing (HPC) workloads. Their Passage technology uses 3D-stacked photonics chips to enhance AI cluster performance and scalability. Since its inception, the company has expanded rapidly, with a new office in Toronto and a growing team.
Quotes
Lightmatter co-founder and CEO Nick Harris stated: “We’re not just advancing AI infrastructure—we’re reinventing it,”
Tony Wang, portfolio manager at T. Rowe Price, added, “The demand for AI supercomputers is strong and growing, and we’re pleased to back Lightmatter on their mission to power AI infrastructure.”
Conclusion
Lightmatter’s Series D funding will aid it in its expansion, steering in the right direction to meet the rising demand for advanced AI infrastructure.
