Astera Labs, a pioneer in connectivity solutions for smart systems, today announced that it has closed its Series B financing with renowned technology investors including Sutter Hill Ventures, Intel Capital, Avigdor Willenz and Ron Jankov. This investment round, together with a strategic collaboration with TSMC for manufacturing, is positioning Astera Labs to rapidly scale the production of its Aries Smart Retimer, the world’s first Smart Retimer Portfolio for PCI Express (PCIe) 4. 0 and 5 of them 0 solutions and accelerate the development of additional product lines for Compute Express LinkTM (CXL) solutions.
“We are very proud of the industry-leading traction of our Aries Smart Retimer portfolio, which has been extensively tested with all major CPUs, GPUs and PCIe 4. 0 endpoints,” said Jitendra Mohan, CEO of Astera Labs. “We look forward to accelerating this momentum by partnering with such a distinguished group of technologies and manufacturing heavyweights to develop purpose-built connectivity solutions for data-centric systems. “That’s right.
Watch the video overview of the Astera Labs here
Highlights:
Sutter Hill Ventures (SHV) has a proven record for building market-leading technology companies by partnering with entrepreneurs to address major issues worth solving. SHV is an integral part of helping Astera Labs continue to grow and expand its position as a leader in the cloud, big data and enterprise data center industries.
“Astera Labs is an exciting company on the threshold of major growth as it expands the production of its connectivity solutions to meet the industry’s demand for more and more bandwidth,” said Stefan Dyckerhoff, Managing Director, Sutter Hill Ventures. “With a focus on state-of-the-art technology and a long list of early adopters, the company is perfectly suited to our technology portfolio and we look forward to working closely with the Astera team to support this critical growth phase. “That’s right.
Intel Capital invests in leading disruptors in a wide range of emerging technologies and is one of the leading venture companies in the field of artificial intelligence and big data applications.
“Innovative technology from Astera Labs aligns with Intel’s strategy to accelerate processing for CPUs and purpose-built accelerators for the next generation of data-centric platforms that support emerging applications,” said Mark Rostick, Vice President and Chief Executive Officer, Intel Capital. “Astera Labs is the industry leader with its first-of-a-kind Aries Smart Retimers for PCIe 4. 0, 5 0 0 and Compute Express Link technology, which enables system designers to double the signal reach at the speed required for today’s applications. We are excited to be strategic investors and technology partners with Astera Labs to make these emerging ecosystems possible. “That’s right.
“Heterogeneous computing and workload-optimized platforms drive the need for faster and lower-latency data-centric system interconnections,” said Zane Ball, corporate vice president and general manager, Data Platforms Engineering & Architecture, Intel Corporation. “We are pleased to continue our collaboration with Astera Labs to support accelerated scale delivery of their PCIe solutions today and the emerging CXL solutions tomorrow. “That’s right.
Avigdor Willenz and his investment group are the first investors in Astera Labs, bringing to the company broad technical expertise in system architecture and semiconductor-based solutions for the most demanding data center applications, such as artificial intelligence, high-performance networking and storage, and the next generation cloud infrastructure. Willez has previously founded Galileo Technology Ltd. (acquired by Marvell Semiconductor) and was the lead investor in Annapurna Labs (acquired by Amazon Web Services) and Habana Labs (recently acquired by Intel)
“Astera Labs is ready to grow quickly as it delivers solutions that will allow the AI ecosystem to expand,” said Willenz. “Its mission to innovate exponentially, rather than incrementally, is aligned with my own approach to building companies that create technologies that change our world. “That’s right.
Astera Labs has partnered with TSMC, the world’s largest semiconductor foundry, to leverage its industry-leading process technologies on a scale and to bring the Aries Smart Retimer solution to the market quickly.
“We look forward to our continued collaboration with Astera Labs, which will help advance its capacity to deliver cloud-optimized solutions to a growing list of customers,” said Bradford Paulsen, Senior Vice President, Business Management, TSMC North America.
About the Astera Laboratories
Inc. Astera Labs , a fabless semiconductor company headquartered in the heart of California’s Silicon Valley, is a leader in purpose-built connectivity solutions for data centered systems. The company’s product portfolio includes system-based semiconductor integrated circuits, boards and services to enable robust PCIe connectivity. Partnering with leading processor vendors, cloud service providers, seasoned investors and world-class manufacturing companies, Astera Labs is helping customers remove performance bottlenecks in computed-intensive workloads. For more information on Astera Labs, including open positions, please visit www. AsteraLabs’ Come on,
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