Celero raises $275m to bring coherent optics inside AI data centres
Celero Communications, a two-year-old chip startup, has raised $275m in a Series C round that values it at more than $3bn. It makes the processors that push data down fibre optic cables between AI chips, racks and whole data centres. Atreides Management, Valor Equity Partners and CapitalG, Alphabet’s growth fund, co-led the round.
Dina Bass of Bloomberg reported the round on 8 September, ahead of the company’s own announcement the same day. Existing investors Sutter Hill Ventures and Maverick Silicon also took part. Celero has now raised $415m in total. Gavin Baker, managing partner and chief investment officer at Atreides, joins its board.
All three lead investors were already on the cap table. CapitalG led Celero’s $100m Series B last November. That took its funding to $140m at the time, according to the company’s earlier announcement. Valor, Atreides, Sutter Hill and Maverick Silicon took part in that round too....
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