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Venture Capital News: Celestial AI Scores $56M Series A

2022-02-04
SUNNYVALE, CA, Celestial AI, a machine learning startup, announced a $56 million Series A investment led by Koch Disruptive Technologies.
Celestial AI, an AI-accelerator company with a proprietary hardware and software platform for machine learning chipsets, announced a $56 million Series A investment led by Koch Disruptive Technologies (KDT) with participation from Temasek's Xora Innovation fund, The Engine, the venture firm spun out of MIT, Tyche Partners, Merck's corporate venture fund, M-Ventures, IMEC XPand, and venture capital investor in the Princeton University ecosystem, Fitz Gate.

Celestial AI is an AI accelerator company with a proprietary hardware and software technology platform which enables the next generation of high-performance computing solutions. Celestial AI's mission is to fundamentally transform the way computing is done with their proprietary Photonic Fabric technology that uses light for data movement both within chip and between chips.
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