AI chip startup Celero completes a $275 million funding round, co-led by Alphabet’s venture capital arm CapitalG.
50 minutes ago
Bloomberg reports that network chipmaker Celero Communications has closed a $275 million funding round, lifting its valuation to over $3 billion. The company is benefiting from growing market demand for boosting the operational efficiency of AI data centers. The funding round is scheduled to be announced on Tuesday, with joint lead investors including Atreides Management, Valor Equity Partners, and CapitalG, the venture capital arm of Alphabet. Gavin Baker, managing partner and chief investment officer at Atreides, will join Celero’s board of directors. Founded two years ago, Celero develops coherent digital signal processors designed to accelerate data transmission for AI systems via fiber optics. Its products connect both adjacent data centers and different racks within the same data center, enabling more AI chips to be linked together to form larger-scale computing clusters.
Bonk Guy: PONS buyback is severely undervalued by the market, will continue adding positions during pullbacks.
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Iran claims to have seized "the world's most advanced intelligent unmanned submarine", with US authorities yet to confirm.
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Crypto figure Shen Yu recounts his past ZEC experience: On the first night of Zcash’s mainnet launch, his mining farm was struck by lightning, and he has not held ZEC personally since.
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