HomeFinTechLightmatter: Raises $80M in Series B Funding

Lightmatter: Raises $80M in Series B Funding

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  • Lightmatter, a Boston, MA-based photonic computing company, raised $80m in Series B funding, bringing total investment raised so far to $113m
  • The company intends to use the funds to accelerate production and go-to-market of its first generation roadmap products, and build out its sales and operations teams
  • Lightmatter committed to developing AI compute technologies that accelerate AI growth while minimizing its environmental impact on the planet
  • The company provides Mars, a photonic computer, Passage, a new wafer-scale solution to enable computer chips to communicate at speeds, and Envise, a general-purpose photonic AI accelerator
  • Lightmatter also announced today that Olivia Nottebohm, former chief operating officer of Dropbox, will be joining the Board of Directors
  • In her role at Dropbox, Nottebohm led sales, business development, partnerships marketing, customer success, support, people and communications
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