Xsight Labs, a fabless semiconductor company providing intelligent connectivity solutions for next-generation hyperscale, edge, and AI data center networks, has announced the closing of a $300+ million funding round establishing a $2.8 billion post-money valuation. The round was led by Fidelity Management & Research Company with participation from new and existing investors.

Xsight Labs is a leading fabless semiconductor company providing intelligent connectivity solutions for next-generation hyperscale, edge and AI data center networks. Xsight Labs' technology delivers exponential bandwidth growth and unmatched versatility while lowering power and total cost of ownership.