Photonic AI chip firm Lightelligence closes multimillion-dollar Series A+ round

Photonic AI chip company Lightelligence has recently closed its Series A+ financing round, invested by CTC Capital.

Photonic AI chip company Lightelligence has recently closed its Series A+ financing round, invested by CTC Capital.

The latest round comes after it secured 26 million US dollars in its Series A round funding from BV, Matrix Partners China, CICC Silicon Valley Fund, China Merchants Venture, Vertex Ventures, CAS Star and FreesFund in April 2020. In 2018, BV and ZhenFund had jointly injected 10.70 millionUS dollars in its seed funding round.

Co-founded by Shen Yichen in 2018, Lightelligence, an AI-oriented photonics solutions developer, provides chip products for a slew of fields including automobile and household appliances. The company is based in Boston and Shanghai.

As a startup, the team at Lightelligence has a strong background, including outstanding graduates of MIT, Columbia University, Georgia Institute of Technology, Peking University, and UC Berkeley, among others, as well as industry veterans fromGoogle, Microsoft, Intel, NVIDIA, AMD, ADI and more.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/09/photonic-ai-chip-firm-lightelligence-closes-multimillion-dollar-series-a-round/.

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