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Celestial AI closed $175 million in a Series C funding round led by U.S. Innovative Technology Fund to revolutionize memory and compute fabrics with its Photonic Fabric™ optical interconnect technology platform.

PRIVATEMar 27, 2024

Amount Raised

$175 Million

Round Type

Series C

SunnyvaleInformation TechnologyHardwareSoftwareData And AnalyticsScience And EngineeringArtificial IntelligenceMachine LearningImage Recognition

Investors

Tyche PartnersM VenturesEngine VenturesPorsche Automobil Holding SESmart Global HoldingsSamsung CatalystIAG Capital PartnersXora InnovationTemasekKoch Disruptive TechnologiesAMD VenturesU.S. Innovative Technology Fund

Description

Celestial AI closed a highly oversubscribed $175 million Series C funding round led by Thomas Tull’s U.S. Innovative Technology Fund (USIT). The investment will enable the company to execute multiple large-scale customer collaborations focused on commercializing its breakthrough Photonic Fabric technology platform.

Quick answer

Celestial AI raised $175 Million in a Series C round, dated March 27, 2024. Investors: Tyche Partners, M Ventures, Engine Ventures, Porsche Automobil Holding SE, Smart Global Holdings, Samsung Catalyst, IAG Capital Partners and Xora Innovation. Celestial AI is based in Sunnyvale, California, United States.

How much did Celestial AI raise?
Celestial AI raised $175 Million in a Series C round on March 27, 2024.
Who invested in Celestial AI?
Tyche Partners, M Ventures, Engine Ventures, Porsche Automobil Holding SE, Smart Global Holdings, Samsung Catalyst, IAG Capital Partners and Xora Innovation are named as investors in this round.
What does Celestial AI do?
Celestial AI is the creator of the Photonic Fabric, an optical interconnect technology platform for compute and memory.
Where is Celestial AI based and how big is it?
Celestial AI is based in Sunnyvale, California, United States. Fundz records about 114 employees.
Who are the decision-makers at Celestial AI?
Fundz holds 3 contacts at Celestial AI, including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Data And Analytics around the same time

Companies in the same sectors as Celestial AI that raised within 45 days of this round, from Fundz verified event records.

  • Anduril raised $1.5B (Series E) on April 25, 2024.
  • Integration raised $17M (Series C) on April 12, 2024.
  • Nucleai raised $14M (Funding Round) on April 3, 2024.
  • SambaNova raised $676M (Series D) on March 28, 2024.
  • Activeloop raised $11M (Series A) on March 26, 2024.
  • MobileX raised $1.1M (Seed) on March 15, 2024.

Who to call at Celestial AI, and when

A new round usually means Celestial AI is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Celestial AI

Location

2962 Bunker Hill Ln, Suite 200

Sunnyvale, California, United States

About

Celestial AI is the creator of the Photonic Fabric, an optical interconnect technology platform for compute and memory. The Photonic Fabric provides the foundational technology for optically scalable, disaggregated data center compute and memory to unleash advancements in AI with sustainable and profitable business models. Celestial AI’s Photonic Fabric delivers a transformative leap in AI system performance and energy efficiency.

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Related People

3 contacts
Verified contactsVictoria S., DirectorSee plans and pricing
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Celestial AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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