Lightmatter Raises $80M in Series B Funding

Lightmatter, a Boston-based photonic computing company, has raised $80m through Series B funding. This brings the total amount raised to $113m.

Lightmatter Raises $80M in Series B Funding

Viking Global Investors led the round with participation from GV, Hewlett Packard Enterprise, Lockheed Martin, and Matrix Partners. SIP Global Partners, Spark Capital, and other investors also participated.

The company plans to use the funds for production and go-to-market acceleration of its first-generation roadmap products and to expand its sales and operations team.

Lightmatter was founded in 2017 by Nick Harris. It is dedicated to developing AI computing technologies that increase AI growth and minimize the impact it has on the environment. The company offers Mars a photonic computing device, Passage, which allows computer chips to communicate at high speeds, and Envise (a general-purpose photonic AI accelerator).

Lightmatter today announced that Olivia Nottebohm (ex-chief operating officer of Dropbox) will join the Board of Directors. Nottebohm was responsible for sales, business development, and partnerships marketing. She also managed customer success, support, people, and communications at Dropbox. Before joining Dropbox, Nottebohm was a leader in sales and went to market at Google. She also worked as a Technology Partner at McKinsey & Company.

Also Read: Tropic raises $40M Series B funding

Also Read: Tropic raises $40M Series B funding

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