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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News Highlights

Lightmatter Gains US$154 Million in New Financing
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’s photonic AI hardware is ready to shine with $154M in new funding
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.
AI boom triples valuation of Lightmatter, US startup using light for computing
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.
Updated on: Apr 18, 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.