Celero reels in $275M for its coherent digital signal processors
Celero Communications Inc., a startup that develops data center networking chips, today announced that it has raised $275 million in funding.
The Series C round was led by Alphabet Inc.’s CapitalG fund, Atreides Management and Valor Equity Partners. Returning backers Sutter Hill Ventures and Maverick Silicon chipped in as well. Celero is now valued at $3 billion.
Data center operators link together their facilities using fiber-optic cables that can span more than 100 miles. Those fiber-optic cables are managed by specialized chips called coherent digital signal processors, or DSPs.
Irvine, California-based Celero is developing a coherent DSP specifically optimized for artificial intelligence workloads. The company says its technology provides lower latency than current chips and uses less power.
