Monday, July 15, 2024
HomeHeadlinesLightmatter Raises $80 Million Series In B Funding

Lightmatter Raises $80 Million Series In B Funding

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  • The round was led by Viking Global Investors with participation from GV (formerly Google Ventures), Hewlett Packard Enterprise (HPE), Lockheed Martin, Matrix Partners, SIP Global Partners, Spark Capital, and others
  • Funds will be used to accelerate production and go-to-market of our first generation roadmap products, and build out our sales and operations teams
Image for representation (Pic credit -queensu.ca)

Lightmatter has announced that it has raised a $80 million Series B investment round, bringing total investment raised so far to $113 million. The round was led by Viking Global Investors with participation from GV (formerly Google Ventures), Hewlett Packard Enterprise (HPE), Lockheed Martin, Matrix Partners, SIP Global Partners, Spark Capital, and others.

Lightmatter co-founder and CEO, Nick Harris said, “This investment is a strong endorsement of our approach to delivering higher performance, lower environmental impact AI compute solutions to the global technology community. Funds will be used to accelerate production and go-to-market of our first generation roadmap products, and build out our sales and operations teams.”

Olivia Nottebohm will be joining the Board of Directors

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The company has seen rapid growth in the last year, announcing Mars, the world’s first photonic computer, Passage, a new wafer-scale solution to enable computer chips to communicate at unprecedented speeds, and most recently, Envise, the world’s first, general-purpose photonic AI accelerator, added the company.

Lightmatter also announced that Olivia Nottebohm, former chief operating officer of Dropbox, will be joining the Board of Directors. In her role at Dropbox, Nottebohm led sales, business development, partnerships marketing, customer success, support, people and communications. Prior to joining Dropbox, Nottebohm held leadership sales and go-to-market roles at Google, and was a Technology Practice Partner at McKinsey & Company.

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