Bengaluru-based deeptech startup LightSpeedAI Labs has raised an undisclosed amount in a funding round led by YourNest Venture Capital and growX Ventures.
With the fresh capital, the company plans to build and deploy LightCompute MVP for pilots.
Previously, LightSpeedAI Labs received pre-seed funding from Entrepreneur First in 2019 and went on to join the cohort of Semiconductor Fabless Accelerator Lab (SFAL).
Founded by Rohin Y and P V Ramana in 2019, LightSpeedAI Labs is building LightCompute optoelectronic processors for accelerating AI & high performance computing (HPC) application. The company’s processor uses light to compute and plugs into standard PCIe slots in server racks and integrates with the existing ML libraries thereby reducing 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” said Rohin Y and P V Ramana.
LightSpeedAI competes with startups like Petasense, LabToInnovation, Synconext and many 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,” said Satish Mugulavalli, venture partner, YourNest Venture 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,” said Manish Gupta, principal – growX ventures.