iPronics raises $125m Series B led by Maverick Silicon and Light Street Capital
NVIDIA participates in funding to scale optical circuit switching for AI data centers.
Maverick Silicon and Light Street Capital co-led iPronics’ $125 million Series B, with NVIDIA participating. Other backers include Triatomic Capital, Bosch Ventures, Catalight Capital, the European Innovation Council Fund, The Tate Family Trust, Fine Structure Ventures, Amadeus Capital Partners, Build Collective and Criteria Venture Tech.
iPronics develops silicon-photonics optical circuit switches that reconfigure connections in AI data centers. The funding will scale operations and commercial deployment, deepen ecosystem partnerships and strengthen its Silicon Valley presence. Total funding reaches $177 million.
Use of funds
Scale optical circuit-switching operations and commercial deployments
Strengthen ecosystem partnerships and Silicon Valley presence