Celestial AI Raises $100M to Transfer Data Using Light-Based Interconnects
Celestial uses photonics for data transmission and extends to different chip systems. It allows smooth information transfer within and between chips, using memory and computational resources for AI and other workloads.
Celestial AI has recently disclosed that it has secured $100 million in a Series B funding round, taking its total funding to over $165 million. This funding round was primarily led by IAG Capital Partners and other investors.
Celestial claims their technology reduces electricity needed for data transfer, boosting microchip efficiency.
The company claims that its photonics tech aligns with industry standards for connectivity, providing 25x more bandwidth and 10x lower latency and power usage than optical alternatives.
Heard Technologies Secured $15M to Develop Therapist Accounting Tools
Heard is specifically tailored for therapists to simplify tasks related to back-end office operations, including bookkeeping, tax management, and payroll.
The platform enables therapists to allocate more time to patient care, fully concentrating on their professional expertise and delivering optimal healthcare services, easing concerns associated with back-office responsibilities.
The company has raised $15M in new funding led by Headline with participation from GGV Capital and other investors. The new investment takes the total funding of Heard to $26.3 million to date.
I have been in the IT industry for more than 20 years. I have served Fortune 100 company in a senior role looking after projects related to US Banking, BFS, Mortgage, Insurance, and FMCG. Apart from IT, I like to read books, especially spirituality… read more