According to Bloomberg, network chipmaker Celero Communications has completed a $275 million funding round, valuing the company at over $3 billion. The round was co-led by Atreides Management, Valor Equity Partners, and CapitalG, the venture capital arm of Alphabet.
AI chip startup Celero completes a $275 million funding round led by CapitalG.
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Summary
Celero Communications, an AI chip startup, closed a $275 million project funding round, pushing its valuation above $3 billion. The funding was co-led by Atreides Management, Valor Equity Partners, and CapitalG. The deal comes amid rising interest in AI and crypto, as well as growing demand for specialized hardware. Investors see strong potential in Celero’s chip designs for AI and blockchain applications.
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