Alphabet's venturing unit has led a $22m series A extension for MIT spinout Lightmatter, which increased the round's total to $33m.
Lightmatter, a US-based artificial intelligence (AI) chipmaker spun out of Massachusetts Institute of Technology, 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.
Founded in 2017, Lightmatter is developing silicon chips that use light signals instead of electrical signals to process large datasets,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
