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Stock impact report

Celestial AI Closes $175 Million Series C Funding Round Led by U.S. Innovative Technology Fund [Yahoo! Finance]

SMART Global Holdings, Inc. - Ordinary Shares (SGH) 
Last smart global holdings, inc. - ordinary shares earnings: 4/7 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.smartm.com
Company Research Source: Yahoo! Finance
SANTA CLARA, Calif., March 27, 2024 BUSINESS WIRE Celestial AI™ , creator of the Photonic Fabric™ optical interconnect technology platform, today announced it raised $175 million in its Series C funding round led by Thomas Tull's U.S. Innovative Technology Fund (USIT) . In addition to USIT, the round included participation from new and existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek's wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, Engine Ventures, M-Ventures and Tyche Partners. "This highly oversubscribed financing round is another testament to Celestial AI's position to disrupt the market, and reflects the magnitude of business opportunity before us," said Dave Lazovsky, Celestial AI founder and CEO. "Today's advanced AI models require exponentially more I/O bandwidth and memory capacity but are currently constrained by low bandwidth and high Show less Read more
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