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 the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
