Friday, April 23, 2021

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Xsight Labs: Closes Series D Funding

  • 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

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