Intel Capital participated in the fabless semiconductor manufacturer's latest round, in which its valuation rose to $950m.

US-based semiconductor producer Astera Labs secured $50m on Monday in a series C round featuring chipmaker Intel’s corporate venturing unit, Intel Capital.

Financial services firm Fidelity Management and Research led the round, which included Atreides Management, Valor Equity Partners, Avignor Willenz Group, Sutter Hill Ventures, VentureTech Alliance and GlobalLink1. It valued the company at $950m post-money.

Founded in 2017, Asteraproduces fabless semiconductors tailored to improve connectivity and help remove bottlenecks related to high-bandwidth usage for enterprise data.

The proceeds from…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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