Astera Labs was founded in 2017 by Casey Morrison, Jitendra Mohan, and Sanjay Gajendra. According to Bloomberg in October 2023, Astera Labs “is working with investment banks to prepare for an initial public offering that could come as soon as next year.”
Astera Labs is a connectivity intelligence semiconductor company. Per Forge data, Astera Labs raised $206.4 million in funding over 4 rounds. Their latest funding was raised on Nov 17, 2022, from a Series D round. Key investors include Fidelity.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Astera Labs completed their IPO on March 20, 2024 to list on NASDAQ with ticker ALAB. They raised $712.8MM at an implied valuation of $5.5B. Forge no longer actively tracks this company.
Astera Labs completed their IPO on March 20, 2024 to list on NASDAQ with ticker ALAB. They raised $712.8MM at an implied valuation of $5.5B. Forge no longer actively tracks this company.
Company Details
Astera Labs was founded in 2017 by Casey Morrison, Jitendra Mohan, and Sanjay Gajendra. According to Bloomberg in October 2023, Astera Labs “is working with investment banks to prepare for an initial public offering that could come as soon as next year.”
Astera Labs is a connectivity intelligence semiconductor company. Per Forge data, Astera Labs raised $206.4 million in funding over 4 rounds. Their latest funding was raised on Nov 17, 2022, from a Series D round. Key investors include Fidelity.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
You may invest in Astera Labs as it is a public company listed on the NASDAQ with ticker ALAB. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.
Can you sell shares of Astera Labs before it goes public?
You can no longer sell shares of Astera Labs on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.
What is the pre-IPO value of my Astera Labs shares?
Forge can no longer determine the value of Astera Labs shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.
Is Astera Labs a publicly traded company?
Astera Labs became a public company following its IPO on 03/20/2024 and is now traded on the NASDAQ under the ticker ALAB.
To learn more about Astera Labs potential IPO
Will Astera Labs go IPO?
Astera Labs became a public company following its IPO on 03/20/2024 and is now traded on the NASDAQ under the ticker ALAB.
What is Astera Labs’ IPO price?
The IPO price of Astera Labs is not currently available.
When was Astera Labs founded?
Astera Labs was founded in 2017.
What is Astera Labs funding to date?
Astera Labs has raised $711.38MM to date.
Who are Astera Labs’s major investors?
Valor Equity Partners
Intel Capital
Fidelity Management & Research
Sutter Hill Ventures
VentureTech Alliance
A&E Investments
Atreides Management
GlobalLink1 Capital
Astera Labs Major Investors
Valor Equity Partners
Intel Capital
Fidelity Management & Research
Sutter Hill Ventures
VentureTech Alliance
A&E Investments
Atreides Management
GlobalLink1 Capital
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Astera Labs Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
11/17/2022
Series D
$150MM
$xx.xx
$3.16B
Atreides Management, Fidelity, Intel Capital, Sutter Hill Ventures
Price per Share
$xx.xx
Shares Outstanding
7,374,994
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
100.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atreides Management, Fidelity, Intel Capital, Sutter Hill Ventures
09/27/2021
Series C
$52.51MM
$xx.xx
$953.17MM
Atreides Management, Avigdor Willenz Group, Globallink1 Capital, Intel Capital, Sutter Hill Ventures, Valor Equity Partners, Venturetech Alliance
Price per Share
$xx.xx
Shares Outstanding
7,809,824
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
100.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atreides Management, Avigdor Willenz Group, Globallink1 Capital, Intel Capital, Sutter Hill Ventures, Valor Equity Partners, Venturetech Alliance
04/22/2020
Series B-1
$118,401.21
$xx.xx
$106.72MM
Avigdor Willenz, Intel Capital, Ron Jankov, Sutter Hill Ventures
Price per Share
$xx.xx
Shares Outstanding
150,868
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
100.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Avigdor Willenz, Intel Capital, Ron Jankov, Sutter Hill Ventures
04/22/2020
Series B
$26MM
$xx.xx
$106.95MM
Avigdor Willenz, Intel Capital, Ron Jankov, Sutter Hill Ventures
Price per Share
$xx.xx
Shares Outstanding
33,126,088
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
100.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Avigdor Willenz, Intel Capital, Ron Jankov, Sutter Hill Ventures
While several high-profile names in AI, such as chatbot developers OpenAI and Anthropic, have no immediate plans to go public, chipmaker Astera Labs debuted on the Nasdaq exchange Wednesday, March 20, 2024. The company is known for providing its chips for AI software and cloud-based applications.
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Updated on: Dec 21, 2024
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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.
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