Astera Labs Secures $50M In Series-C Funding At A $950M Valuation To Accelerate Product And Customer Momentum

Astera Labs, the industry leader for connectivity solutions for intelligent systems, today announced raising $50M as part of an oversubscribed Series-C funding round led by Fidelity Management and Research. Fidelity was joined in this funding round by Atreides Management and Valor Equity Partners, with continued participation from existing investors Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, and VentureTech Alliance. Prior to this round, Astera Labs raised only $35M over three years, which is a testament to the company’s innovative and nimble team, highly efficient operations, and unwavering customer focus.