- Xsight Labs, a Kiryat Gat, Israel-based fabless semiconductor startup company, closed its Series D funding
- The round – of undisclosed amount – was led by Valor Equity Partners and Atreides Management and joined by new investor Fidelity Management & Research Company
- Existing investors Battery Ventures, Intel Capital, M12 Microsoft’s Venture Fund and Xilinx, increased their investments
- The company intends to use the funds to scale its R&D, operations, and commercial teams, in order to accelerate the development of its multi-product roadmap while engaging customers globally
- Xsight Labs is a fabless semiconductor company that also enables end-to-end connectivity for the next generation of cloud service providers and hyperscale data center networks
- The company, which emerged from stealth in December 2020 and announced the sampling availability of X1, a 25.6T data center switch with 100G PAM4 SerDes
