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.