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Aliya Capital Partners Co-Leads $154M Series C Funding Round for Lightmatter, World Leader in Photonics for AI Computing
  • USA - English


News provided by

Aliya Capital Partners

Jun 07, 2023, 11:00 ET

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GOLDEN BEACH, Fla. (PRWEB) June 07, 2023 -- Lightmatter is at the forefront of industry innovation, creating and implementing the most efficient and fastest photonic processors, interconnects, and software. This breakthrough approach is radically altering the landscape of AI and high-performance computing (HPC).

The $154M in Series C funding will be channeled into bringing its pioneering photonic computing technology to the world's foremost cloud providers, semiconductor firms, global 1000 enterprises, and governments.

"Lightmatter's innovative application of photonics, designed to cater to the significant computational demands of generative AI, is truly exciting," stated Ross Kestin, CEO of Aliya Capital Partners.

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Traditional computing technology is ill-suited to handle the energy demands associated with AI data processing. Training generative language models on trillions of text examples with current systems leads to inflated operating costs and energy usage, as well as excessive heat production. Lightmatter’s solution suite will bring unprecedented performance and energy efficiency to some of the most sophisticated AI and high-performance computing (HPC) workloads.

There is a dire need among cloud providers, semiconductor companies, and enterprises for a robust HPC solution that can accommodate generative AI, advanced robotics, and telecommunications. Lightmatter's comprehensive package of hardware and software solutions (Envise, Passage, and Idiom) meets this demand, offering superior performance and energy efficiency through cutting-edge photonic computation and interconnect technologies.

“Rapid progress in artificial intelligence is forcing computing infrastructure to improve at an unprecedented rate. The energy costs of this growth are significant on a planetary scale,” said Lightmatter Co-Founder and CEO, Nick Harris. “Generative AI and supercomputing will be transformed by photonic technologies in the coming years. We look forward to enabling the AI ecosystem with Lightmatter’s next generation computing technologies.”

About Aliya Capital Partners

Aliya Capital Partners is a leading global investment firm focused on sourcing, researching, evaluating and investing in asymmetrical risk-reward investment opportunities. The firm’s partners have managed over $3 billion in its strategies since 2007, including taking sizable positions in more than 50 private companies since 2018.

For more information, visit: https://aliyacapitalpartners.com/

Dr. Aline Levin, Aliya Capital Partners, http://Aliya Capital Partners, 1 3058504004, [email protected]

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