AI chip startup Celero completes $275 million funding round, co-led by Alphabet's venture capital firm CapitalG and others.
TechFlow reports on September 8 that, according to Bloomberg, network chip manufacturer Celero Communications has closed a $275 million financing round, valuing the company at over $3 billion. The round was co-led by Atreides Management, Valor Equity Partners, and CapitalG, Alphabet’s venture capital arm.
Founded two years ago, Celero specializes in developing coherent digital signal processors for AI data centers to enhance data transmission efficiency across fiber optic networks. These processors support interconnections between adjacent data centers and different racks within a single facility, facilitating the creation of larger-scale AI chip clusters. Gavin Baker, Managing Partner and Chief Investment Officer at Atreides, will join Celero’s board of directors.
