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Celestial Ai Raises $56 Million Series A To Disrupt The Artificial Intelligence Chipset Industry With Novel Photonic-Electronic Technology Platform

Celestial Ai Raises $56 Million Series A To Disrupt The Artificial Intelligence Chipset Industry With Novel Photonic-Electronic Technology Platform

02/04/22, 2:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsunnyvale
Money raised
$56 million
Industry
artificial intelligence
science and engineering
data and analytics
software
hardware
Round Type
series a
Celestial AI, an AI-accelerator company with a proprietary hardware and software platform for machine learning chipsets, today announced a $56 million Series A investment led by Koch Disruptive Technologies (KDT) with participation from Temasek’s Xora Innovation fund, The Engine, the venture firm spun out of MIT, Tyche Partners, Merck’s corporate venture fund, M-Ventures, IMEC XPand, and venture capital investor in the Princeton University ecosystem, Fitz Gate. The new capital will be used for expanding the global engineering team, product development and strategic supplier engagements, including Broadcom, to build the company’s Orion AI accelerator products. Celestial AI’s mission is to fundamentally transform the way computing is done with a new processing system, based on their proprietary Photonic FabricTM technology platform, that uses light for data movement both within chip and between chips.

Company Info

Company
Celestial Ai
Location
sunnyvale, california, united states
Additional Info
Celestial AI is a Machine Learning (ML) accelerator company that has developed a proprietary technology platform which enables the next generation of high-performance computing solutions. Celestial AI’s mission is to transform data parallel computing with a proprietary Photonic Fabric™ technology platform which uses light for data movement both within chip and between chips. Advancements in data communications have driven robust silicon photonics technology and volume manufacturing ecosystems that are ripe for commercial implementation of ML and high-performance computing (HPC) solutions which leverage integrated silicon photonics for data movement. Celestial AI’s system delivers differentiated single node performance that scales efficiently, providing significant performance gains for multi-node and multi model applications. The scalability of Celestial AI’s accelerator architecture enables an efficient and performant mapping of data and compute over a broad range of ML model types without the need for complex software optimizations. Celestial AI’s competitive advantage will further grow over time as ML models continue to increase in complexity and size. Celestial AI has assembled a highly experienced team of industry leaders who have a track record of building multiple successful technology businesses. The company’s Orion AI accelerator products serve an addressable market that is projected by Omida to exceed $70 billion in 2025

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