Israeli chipmaker Xsight Labs has closed a $300 million funding round, valuing the company at between $2.5 billion and $2.8 billion post-money. The round was led by Fidelity Investments and Atreides Management, with founder Avigdor Willenz also taking part. Xsight Labs develops its X series switching chips and E series DPUs for high-efficiency networking in AI data centers. According to CryptoBriefing, the company’s chips have already been adopted for Starlink’s next-generation V3 satellite project. Xsight Labs is also aiming to win a share of the AI data center networking market, which it said could reach $150 billion by 2028.
Israeli chipmaker Xsight Labs has completed a $300 million funding round, giving the company a post-money valuation of $2.5 billion to $2.8 billion.
Fidelity Investments and Atreides Management led the round. Founder Avigdor Willenz also participated.
Xsight Labs focuses on the X series of switching chips and the E series of DPUs, targeting high-efficiency networking solutions for AI data centers.
According to CryptoBriefing, the company’s chips have been adopted for Starlink’s next-generation V3 satellite project. Xsight Labs also plans to capture a share of the AI data center networking market, which it said will reach $150 billion by 2028.
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