Celestial AI Raises $100 Million

Celestial AI Inc. is a machine learning accelerator company that aims to optimize AI technology, enabling faster and more efficient processing. At its core, Celestial AI focuses on providing highly efficient and scalable deep learning solutions. The company has developed a comprehensive software stack that optimizes machine learning workflows, making them more streamlined and efficient.

Celestial AI, a developer of optical interconnect technology, has announced raised $100 million in a series B funding round. The new round was led by for its IAG Capital Partners, Koch Disruptive Technologies (KDT) and Temasek’s Xora Innovation fund. Moreover, Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, The Engine Fund, ImecXpand, M Ventures and Tyche Partners took part in the round. The fresh funding will be used to expand Celestial AI’s engineering, sales and technical marketing departments

Celestial AI, Santa Clara, California, United States, was founded in 2020 by
David Lazovsky, Michelle Tomasko, and Preet Virk. “With the growth in AI , especially large language models (LLMs) and recommendation engine workloads, there is a shift towards accelerated compute,” Lazovsky said. “The key problem going forward is memory capacity, memory bandwidth and data movement — i.e., chip-to-chip interconnectivity — which is what we are addressing with Celestial’s photonic fabric.” Celestial offers its interconnect product through a licensing program and says that it’s engaged with several “tier-one” customers, including hyperscalers and processor and memory companies.

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