Lightelligence, which is developing microchip technology based on light signals, has secured $10m in a Baidu Ventures-led seed round.
Lightelligence, a US-based photonic circuit chipmaker spun out from Massachusetts Institute of Technology (MIT), has raised $10m in a seed round led by internet company Baidu.
Baidu led the round through its corporate venturing subsidiary, Baidu Ventures, participating together with unnamed industry leaders.
Founded in September 2017, Lightelligence is developing computer chips that rely on light signals rather than electrical signals.
The approach could potentially result in significant increases in performance compared to current technology, making it particularly relevant for…
