Lightmatter Stock

lightmatter.co/Technology Hardware / Computing hardwareFounded: 2017Funding to Date: $422.48MM

Lightmatter, founded in 2017, is a technology company focusing on photonic computing. Their mission is to revolutionize the future of computing by developing and manufacturing processors that use light to perform calculations, potentially leading to unprecedented speed and energy efficiency. The company is headquartered in Boston, Massachusetts.

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Team

Management Team

Nicholas Harris Ph.D
Co-Founder, Chief Executive Officer & President
Darius Bunandar Ph.D
Co-Founder & Chief Scientist
Jessie Zhang
Vice President of Finance
Nam Catania
Controller
Thomas Graham
Co-Founder & Chief Financial Officer
Israel Kandarian
Head of Creative Marketing
Richard Ho
Vice President, Hardware Engineering
Ayon Basumallik
Vice President, Software Engineering and Machine Learning
Ritesh Jain
Vice President of Hardware, Systems and Product Engineering
Bob Turner
Vice President of Sales, North America
Beth Keil
Vice President of People
Steve Klinger
Vice President of Product
Sujatha Wagle
Vice President of Supply Chain Operations

Board Members

Santo Politi
Spark Capital
Stan Reiss
Matrix Partners

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Is Lightmatter a public company?

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Lightmatter, a developer of integrated-photonics processors, has raised $154 million in a Series C funding round, bringing its total capital raise to $270 million. The funds will be used to provide cloud providers, semiconductor companies, and enterprises with photonic technology for advanced AI and high-performance computing applications. The company's products include a photonic AI accelerator chip, a programmable photonic-interconnect system, and a software layer for deep-learning frameworks.
Lightmatter, a photonic computing startup, has raised $154M in new funding to develop its AI hardware-software combo. The company's chips use optical flow to solve computational processes, which it claims will be faster and more efficient than traditional methods, and will also save electricity. The company has several pilot projects underway and plans to begin mass production in 2024.
Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday it raised $154 million and tripled its valuation as customers in need of faster, more energy efficient computing for AI work are buying its systems.
Since the 1940s, when transitioning from analog mechanical devices to digital electronics, computers have been able to move and manipulate electrons in silicon chips, vacuum tubes, and transistors.
Updated on: Jul 26, 2024

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