Celero Raises $275M at $3B+ Valuation as CapitalG Co-Leads
TL;DR
- Celero Communications raised $275 million at a valuation above $3 billion, co-led by Atreides, Valor and Alphabet's CapitalG, taking total capital to $415 million.
- The Irvine, California startup builds coherent digital signal processors that move data over fiber between AI racks and nearby data centers.
- Atreides managing partner Gavin Baker is joining Celero's board as the two-year-old company challenges Marvell and Broadcom in AI networking silicon.
Two-year-old Celero Communications has raised $275 million at a valuation above $3 billion, Bloomberg reported, pulling the Irvine, California chip startup's total capital to $415 million. The round was co-led by Atreides Management, Valor Equity Partners and Alphabet's CapitalG, with existing investors Sutter Hill Ventures and Maverick Silicon also participating.
Celero builds coherent digital signal processors "designed to speed up data transmission for artificial intelligence systems over fiber optic cables," in Bloomberg's description. The chips are pitched at knitting GPU racks inside a facility together and connecting nearby data centers into a single larger AI cluster. The company has said it validated the industry's first 2nm coherent DSP silicon.
The founders, CEO Nariman Yousefi and CTO Oscar Agazzi, previously worked at Marvell, Inphi and Broadcom, the same incumbents Celero is now selling against for the interconnect layer of the AI buildout our infrastructure tracker has been logging heavily this quarter, alongside 332 chip stories in the last 90 days. Atreides managing partner and chief investment officer Gavin Baker is joining Celero's board as part of the financing.
Originally reported by bloomberg.com
Read the original article →Original headline: AI-Networking Chip Startup Celero Raises $275M at $3B+ Valuation, Atreides, Valor and CapitalG Lead