In a groundbreaking development for the tech industry, Oriole Networks, a pioneering startup harnessing the power of photonics to address the pressing energy consumption issues of AI data centers, has successfully raised an impressive $22 million in funding. This latest round, led by Plural, sees reinvestment from notable investors including the UCL Technology Fund, XTX…
In a significant step towards revolutionizing the architecture of AI data centers, Xscape Photonics has announced the successful closing of a $44 million Series A funding round. This financing, led by IAG Capital Partners, attracted contributions from prominent investors including Cisco Investments, NVIDIA, Altair, Fathom Fund, Kyra Ventures, LifeX Ventures, and OUP. The total funding…
In a groundbreaking development for the photonics industry, Swiss startup Lightium has successfully raised $7 million in Seed funding to enhance data center performance and minimize energy consumption. Founded by esteemed researchers Dr. Amir Ghadimi, Dr. Frédéric Loizeau, and MIT professor and entrepreneur Prof. Dirk Englund, Lightium stands at the forefront of innovation as the…
AttoTude, a pioneering company in high-speed interconnect technology for artificial intelligence and hyperscale data center applications, has announced the successful closure of its $29 million Series A funding round. This latest investment follows an $11 million Seed Round concluded earlier this year. The Series A round saw contributions from notable investors, including Sutter Hill Ventures,…
CTERA, a pioneer in hybrid cloud data management, has announced a significant milestone with the closing of an $80 million funding round led by PSG Equity, a prominent growth equity firm specializing in software and technology-enabled services. This investment, comprising both primary and secondary funding, underscores CTERA’s strategic focus on enhancing its hybrid cloud data…
Soluna Holdings, Inc. (NASDAQ: SLNH), a trailblazer in green data centers for intensive computing applications, has announced a significant funding boost for its subsidiary, Soluna Cloud. The additional $1.25 million in financing, facilitated by BitOoda Technologies and Imperial Capital, brings Soluna Cloud’s total credit facility to $13.75 million. This capital injection is earmarked to propel…
