Astera Labs Raises $150M in Series D At $3.15B Valuation
Summary
Astera Labs, a Santa Clara, CA-based provider of chips to connect AI systems in the cloud, raised $150m in Series D funding with a $3.15B valuation. Astera Labs has also added Dr. Alexis Black Bjorlin, VP of Infrastructure, Meta, and Michael Hurlston, President, and CEO, Synaptics Incorporated, to its board of directors. The company, which has raised a total of $206.4m, to date, intends to use the funds to expand operations and its business reach, with new research and development centers in Toronto and Vancouver, Canada. The company has developed three products to enable higher bandwidth, increased memory capacity and robust connectivity for datacenters through Compute Express Link™ (CXL™), PCIe®, and Ethernet technologies. Its newest product line – the Leo Memory Connectivity Platform – leverages the new CXL industry standard to support the transition to heterogeneous and composable architectures for next-gen data centers and enable mainstreaming of Artificial Intelligence and Machine Learning in the Cloud.
Funding
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