Alphabet's venturing unit has led a $22m series A extension for MIT spinout Lightmatter, which increased the round's total to $33m.
US-based artificial intelligence (AI) chipmaker Lightmatter has completed a $22m series A extension led by GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet, to bring the round’s total to $33m.
The extension also included commitments from Matrix Partners and Spark Capital, which co-led the initial $11m tranche last year.
Spun out of Massachusetts Institute of Technology in 2017, Lightmatter is developing silicon chips that use light signals instead of electrical signals to process large datasets, such as…
