With the recent capital, the corporate plans to construct and deploy LightCompute MVP for pilots
LightSpeedAI Labs obtained pre-seed funding from Entrepreneur First in 2019
LightSpeedAI Labs is constructing LightCompute optoelectronic processors for accelerating AI & Excessive Efficiency Computing software
Bengaluru-based deeptech startup LightSpeedAI Labs has raised an undisclosed quantity in a funding spherical led by YourNest Enterprise Capital and growX Ventures.
With the recent capital, the corporate plans to construct and deploy LightCompute MVP for pilots.
Beforehand, LightSpeedAI Labs obtained pre-seed funding from Entrepreneur First in 2019 and went on to hitch the cohort of Semiconductor Fabless Accelerator Lab (SFAL).
Based by Rohin Y and P V Ramana in 2019, LightSpeedAI Labs is constructing LightCompute optoelectronic processors for accelerating AI & excessive efficiency computing (HPC) software. The corporate’s processor makes use of gentle to compute and plugs into commonplace PCIe slots in server racks and integrates with the present ML libraries thereby lowering the cost-per-compute.
“We are attempting to simultaneously solve the interconnect and computing problem for the next-generation Artificial Intelligence / high performance computing hardware. With a global market outreach potential, we are gearing up to demonstrate our technology next year. This investment enables us to build and deploy our LightCompute MVP for pilots. We are happy to have found early-stage partner-investors in YourNest and growX, who share our vision” mentioned Rohin Y and P V Ramana.
LightSpeedAI competes with startups like Petasense, LabToInnovation, Synconext and lots of others.
“Traditional chip architectures fail when addressing the needs of diverse and varied use-cases of high performance computing and AI algorithms. We believe the founders of LightSpeedAI are building a reconfigurable, modular and optical interconnect architecture that represents the future of computing. We are delighted to partner in their journey as an early-stage deep tech investor,” mentioned Satish Mugulavalli, enterprise associate, YourNest Enterprise Capital.
“LightSpeedAI’s proprietary hardware and software solutions aim to harness the full potential of high-performance computing chips by making them both efficient and versatile. Their chipsets will create their own niche in the new world order being created by 5G and Edge AI. We are glad to be Rohin and Ramana’s partners on this quest,” mentioned Manish Gupta, principal – growX ventures.