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HomeFunding Boston-based Lightmatter Secures an Investment

[Funding alert] Boston-based Lightmatter Secures an Investment

Boston-based Lightmatter secures an investment from SIP Global Partners. Lightmatter is valued at over $1.2 billion and has raised over $420 million to far.

Boston-based Lightmatter secures an investment from SIP Global Partners. Lightmatter is valued at over $1.2 billion and has raised over $420 million to far.

With funding, the company wants to grow its team, establish an office in Toronto, and shorten its time to market. Lightmatter develops and implements photonic processors, interconnects, and software under the leadership of CEO Nick Harris.

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Envise, Passage, and Idiom—the company’s core hardware and software solutions—improve performance and lower power consumption, paving the way for the next generation of computing and supplying the silicon photonics innovation required for generative AI, sophisticated robotics, and telecommunications.

About Lightmatter

Lightmatter team comprises highly skilled professionals with a wide range of specialisations, including digital, analogue, photonics, systems and platforms, and machine learning. Many of them are behind the innovations in their respective industries.

Read also –  Cambridge-based Ceretype Neuromedicine Secures its Second Round of Seed Funding

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