Latest news with #MaverickSilicon
Bloomberg
06-08-2025
- Business
- Bloomberg
Tiger Cub Maverick Looks to Raise Money After Trouncing Rivals
Lee Ainslie 's Maverick Capital is raising money for a new semiconductor fund and seeking to boost assets in its hedge funds, a rare expansion for the $10 billion firm that opened more than three decades ago. The new fund, Maverick Silicon, focuses on private late-stage growth companies. The company seeded it with internal capital a year ago and opened it to client money this year, according to regulatory filings and investors.
CNA
14-05-2025
- Business
- CNA
AI infrastructure firm TensorWave raises $100 million in latest funding
TensorWave, a Las Vegas-based startup, announced on Wednesday that it has secured $100 million in the latest funding round, as it aims to capitalize on the rapidly expanding AI infrastructure market. The company, however, did not disclose the valuation at which the funding was raised. The Series A funding round was led by Magnetar and AMD Ventures along with participation from existing partners, including Maverick Silicon and Nexus Venture Partners, and new investor Prosperity7. With the growing demand for AI computing resources, companies such as TensorWave are emerging as key players by offering the tools and infrastructure required to efficiently train AI models and optimize workloads. "The funding comes at a time when the AI infrastructure market is experiencing unprecedented growth, with recent industry reports projecting the AI infrastructure market to exceed $400 billion by 2027", the company said. With the latest fundraise, the startup plans to scale operations, expand its team and accelerate the deployment of AMD-powered GPU clusters tailored for AI model training. "This $100M funding propels TensorWave's mission to democratize access to cutting-edge AI compute," said TensorWave CEO Darrick Horton.
Yahoo
12-03-2025
- Business
- Yahoo
Celestial AI raises $250m in Series C1 funding
Celestial AI has secured $250m in its Series C1 funding round to enhance its Photonic Fabric technology for AI infrastructure. The latest funding round, spearheaded by Fidelity Management & Research Company, brings the total capital raised by the company to more than $515m. New investors in the round include funds and accounts managed by BlackRock, Maverick Silicon, Tiger Global Management and Lip-Bu Tan. Existing investors such as AMD Ventures, Koch Disruptive Technologies, Porsche Automobil Holding SE, Temasek, the Engine Ventures and Xora Innovation also participated in the funding. Celestial AI's Photonic Fabric is an optical interconnect technology platform designed for AI computing systems. It powers data centre computing, networking and memory systems, supporting advancements in AI. Celestial AI CEO David Lazovsky said: 'Cluster sizes must scale from a few AI processors in a server to tens of processors in a single rack and thousands of processors across multiple racks, all while relying on high-bandwidth, low-latency network connectivity to handle massive data transfers between processors. 'Celestial AI's Photonic Fabric is the only technology platform capable of meeting these critical demands while setting new standards for bandwidth, latency, energy efficiency and total cost of ownership.' With the latest proceeds, Celestial AI plans to broaden and qualify its volume manufacturing supply chain to meet growing customer demand. BlackRock Fundamental Equities Technology Group head Tony Kim said: 'Amid the explosive growth of Artificial Intelligence, Celestial AI is uniquely positioned to meet the soaring demands of data centre infrastructure with its disruptive Photonic Fabric technology." Maverick Silicon managing partner Andrew Homan said: 'By providing terabytes of low-latency bandwidth and in-network computing, as well as in-network high-speed, high-capacity memory, Photonic Fabric enables the next generation of AI infrastructure, drawing upon the company's rich IP [intellectual property] in optical interconnect within chip, within package and between package-to-package.' The Photonic Fabric technology is fully compatible with industry-standard manufacturing and 2.5D packaging processes, Celestial AI said. This compatibility ensures that Celestial AI's solutions can be integrated smoothly into existing systems. This paves the way for widespread adoption and technological advancement in the field of AI infrastructure. "Celestial AI raises $250m in Series C1 funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
