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Stock impact report

Celestial AI raises $250m in Series C1 funding [Yahoo! Finance]

PORSCHE AUTOMBL UNSP/ADR (POAHY) 
NASDAQ:AMEX Investor Relations: porsche-se.com/en/investor-relations
Company Research Source: Yahoo! Finance
The latest funding round, spearheaded by Fidelity Management & Research Company, brings the total capital raised by the company to more than $515m. New investors in the round include funds and accounts managed by BlackRock, Maverick Silicon, Tiger Global Management and Lip-Bu Tan. Existing investors such as AMD Ventures, Koch Disruptive Technologies, Porsche Automobil Holding SE, Temasek, the Engine Ventures and Xora Innovation also participated in the funding. Celestial AI's Photonic Fabric is an optical interconnect technology platform designed for AI computing systems. It powers data centre computing, networking and memory systems, supporting advancements in AI. Celestial AI CEO David Lazovsky said: “Cluster sizes must scale from a few AI processors in a server to tens of processors in a single rack and thousands of processors across multiple racks, all while relying on high-bandwidth, low-latency network connectivity to handle massive data transfers between processors. Show less Read more
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