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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/17/2022 | Series D | $150MM | $xx.xx | $3.16B | Fidelity, Atreides Management, 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
10,000.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fidelity, Atreides Management, Intel Capital, Sutter Hill Ventures
|
||||||
09/27/2021 | Series C | $52.51MM | $xx.xx | $953.17MM | Atreides Management, Valor Equity Partners, Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, 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
10,000.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Atreides Management, Valor Equity Partners, Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, VentureTech Alliance
|
||||||
04/22/2020 | Series B-1 | $118,401 | $xx.xx | $106.72MM | Sutter Hill Ventures, Intel Capital, Avigdor Willenz, Ron Jankov | |
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
10,000.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sutter Hill Ventures, Intel Capital, Avigdor Willenz, Ron Jankov
|
||||||
04/22/2020 | Series B | $26MM | $xx.xx | $106.95MM | Sutter Hill Ventures, Intel Capital, Avigdor Willenz, Ron Jankov | |
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
10,000.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sutter Hill Ventures, Intel Capital, Avigdor Willenz, Ron Jankov
|
||||||
03/21/2018 | Series A-1 | $1,983 | $xx.xx | $18.89MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
9,722
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
20,000.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
03/21/2018 | Series A | $8.5MM | $xx.xx | $18.89MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
41,666,665
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
20,000.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|