Salience Labs Raises US$30 Mln In Series A To Advance Optical Switches For AI Data Centres
KUALA LUMPUR, Feb 7 (Bernama) -- Salience Labs Limited, a leader in photonic solutions for artificial intelligence (AI) data centre infrastructure, has secured US$30 million in Series A funding. (US$1=RM4.42)
The round was led by ICM HPQC Fund and Applied Ventures LLC, the venture capital arm of Applied Materials Inc, to further the development of its optical switches for large-scale AI connectivity.
Other investors include Strategic Investment Fund, Braavos, and continued participation from existing backers such as Oxford Sciences Enterprises, Cambridge Innovation Capital, and global semiconductor industry leaders including Silicon Catalyst and Jalal Bagherli.
Salience Labs Co-founder and Chief Executive Officer, Vaysh Kewada emphasised that their photonic switch technology aims to meet customer demands for high bandwidth, low latency, and power efficiency while being compatible with existing infrastructure.
“The completion of this round will further our development and help us bring our product to customers to enable not just the savings but large cluster connectivity,” she said in a statement.
In addition to the funding, Salience Labs is appointing Dr William Jeffrey to its Board of Directors. Dr Jeffrey, an astronomer and former director of the National Institute of Standards and Technology, brings extensive experience in leading scientific and technological innovation.
The company has also appointed Bonnie Tomei as Chief Financial Officer. With over 20 years of experience in finance, including initial public offerings (IPOs) and de-special purpose acquisition company (SPAC) transactions, she will play a crucial role in the company's strategic growth, particularly in expanding to serve United States customers.
-- BERNAMA