Celestial AI – the creator of the Photonic Fabric optical interconnect technology platform – announced it raised $175 million in its Series C funding round led by Thomas Tull’s U.S. Innovative Technology Fund (USIT). Along with USIT, the funding round included participation from new and existing investors, including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, Engine Ventures, M-Ventures and Tyche Partners.
With the rapid growth in demand for generative AI applications and next-generation data centers, hyperscalers are increasingly constrained by utility power availability, memory capacity and high cost of operation. And Celestial AI’s Photonic Fabric optical interconnect technology addresses these challenges by transforming memory and compute fabrics.
This solution offers the foundational technology for users to continue making advancements in AI while maintaining scalable, sustainable, and profitable business models. This latest funding round will enable Celestial AI to execute multiple large-scale customer collaborations to commercialize its breakthrough Photonic Fabric technology platform.
Celestial AI’s Photonic Fabric is the only optical connectivity solution in the industry that enables the disaggregation of computing and memory, enabling each component to be leveraged and scaled most effectively. This technology delivers over 25 times greater bandwidth and memory capacity while reducing latency and power consumption by up to 10 times compared to existing optical interconnect alternatives and copper.
KEY QUOTES:
“This highly oversubscribed financing round is another testament to Celestial AI’s position to disrupt the market, and reflects the magnitude of business opportunity before us. Today’s advanced AI models require exponentially more I/O bandwidth and memory capacity but are currently constrained by low bandwidth and high latency. Our Photonic Fabric™ technology is rapidly becoming the de facto standard for Accelerated Computing optical interconnectivity, driven by unparalleled performance and efficiency.”
- Dave Lazovsky, Celestial AI founder and CEO
“As AI continues to rapidly evolve, it’s imperative that the U.S. remains a global leader in AI innovation. The sophisticated work Celestial AI is doing on interconnectivity is critical to addressing key concerns across performance and energy efficiency to ensure the industry has the necessary infrastructure to continue to innovate and scale. We look forward to working with and supporting Celestial AI as it continues to set the industry standard.”
- Thomas Tull, Chairman of USIT
“The exponential growth of AI models coupled with successful validation of Celestial AI’s Photonic Fabric technology in silicon has led to tremendous demand for this technology by hyperscalers. The potential of this technology to dramatically reduce the power consumption for processing extensive AI workloads enables a new era of sustainable and scalable compute capacity. We are thrilled to continue this transformative journey with Celestial AI.”
- Chase Koch, Founder of KDT and Executive Vice President at Koch Industries
