Latest news with #nEye
Yahoo
11-04-2025
- Business
- Yahoo
AI networking chip startup nEye Systems secures $58m funding
nEye Systems, a US-based startup specialising in AI networking chips, has secured $58m in its Series B funding round to advance AI infrastructure with new optical switch technology. The financing was led by Alphabet's independent growth fund, CapitalG, with participation from M12, Microsoft's venture fund, Micron Ventures, NVIDIA, and Socratic Partners. The latest round brings nEye Systems' total funding to $72.5m. nEye Systems co-founder Professor Ming Wu said: 'We are thrilled to have the support of CapitalG and our other esteemed investors as we scale our optical switch technology. 'Our wafer-scale approach, backed by years of research at UC Berkeley, positions us to transform the AI fabric and enable the next generation of high-performance computing.' The startup's optical switch technology aims to address communication bottlenecks in AI data centres, high-performance computing, and AI and machine learning systems. Existing infrastructures that depend mainly on electrical switches struggle with high power usage and limited bandwidth capacity. nEye's wafer-scale optical circuit switch offers a more 'cost-effective' solution with direct optical connections, enabling 'unlimited' bandwidth. CapitalG general partner and nEye board member James Luo said: 'nEye's groundbreaking technology has the potential to significantly improve the efficiency and scalability of AI infrastructure. 'Their innovative optical circuit switch addresses critical bottlenecks facing data centres and high-performance computing. We are thrilled to partner with Professor Ming Wu and the entire nEye team on their audacious journey to redefine the landscape of AI computing.' nEye Systems has developed prototype chips and plans to have production chip samples available next year. Earlier, nEye secured 'undisclosed' Series A funds in a financing round led by TEDA Holdings with Innolight Technology and additional seed funds taking part. "AI networking chip startup nEye Systems secures $58m 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.
Yahoo
11-04-2025
- Business
- Yahoo
AI networking chip startup nEye Systems secures $58m funding
nEye Systems, a US-based startup specialising in AI networking chips, has secured $58m in its Series B funding round to advance AI infrastructure with new optical switch technology. The financing was led by Alphabet's independent growth fund, CapitalG, with participation from M12, Microsoft's venture fund, Micron Ventures, NVIDIA, and Socratic Partners. The latest round brings nEye Systems' total funding to $72.5m. nEye Systems co-founder Professor Ming Wu said: 'We are thrilled to have the support of CapitalG and our other esteemed investors as we scale our optical switch technology. 'Our wafer-scale approach, backed by years of research at UC Berkeley, positions us to transform the AI fabric and enable the next generation of high-performance computing.' The startup's optical switch technology aims to address communication bottlenecks in AI data centres, high-performance computing, and AI and machine learning systems. Existing infrastructures that depend mainly on electrical switches struggle with high power usage and limited bandwidth capacity. nEye's wafer-scale optical circuit switch offers a more 'cost-effective' solution with direct optical connections, enabling 'unlimited' bandwidth. CapitalG general partner and nEye board member James Luo said: 'nEye's groundbreaking technology has the potential to significantly improve the efficiency and scalability of AI infrastructure. 'Their innovative optical circuit switch addresses critical bottlenecks facing data centres and high-performance computing. We are thrilled to partner with Professor Ming Wu and the entire nEye team on their audacious journey to redefine the landscape of AI computing.' nEye Systems has developed prototype chips and plans to have production chip samples available next year. Earlier, nEye secured 'undisclosed' Series A funds in a financing round led by TEDA Holdings with Innolight Technology and additional seed funds taking part. "AI networking chip startup nEye Systems secures $58m 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.
Yahoo
10-04-2025
- Business
- Yahoo
AI networking chip startup nEye Systems raises $58 million, led by Alphabet's CapitalG fund
By Stephen Nellis SAN FRANCISCO (Reuters) - NEye Systems, a startup developing a new kind of networking chip for artificial intelligence data centers, on Thursday raised $58 million in venture financing in a round led by CapitalG, a growth-stage fund backed by Alphabet. Emeryville, California-based nEye is developing a chip that taps optical technology to send information between AI chips in the form of light rather than electrical signals, a field that chip giants such as Nvidia and startups alike are chasing because it could lower energy use for AI data centers. But energy efficiency is only part of nEye's goal. The startup is focusing on a type of chip called an optical circuit switch, which allows the owner of a data center to change how its computers are connected on the fly. That can help improve the data center's performance by selecting the best way to string computers together based on whatever software it happens to be running. Alphabet's Google used such chips several years ago to construct an AI supercomputer that it claimed beat Nvidia's then-current offerings, but its chips were proprietary and not available to the wider market. NEye is now taking that concept and developing a chip for the rest of the market. "Google is a pioneer. They led the way," said Ming Wu, one of the firm's co-founders and also a professor at University of California Berkeley. "Other AI companies, other hyperscaler AI data center operators, they will be looking to acquire some of this technology rather than developing it themselves." Neye has made prototype chips and expects to have samples of production chips next year but has not disclosed when it expects to ship in large volumes. James Luo, the general partner at CapitalG who led the investment, said that even if the current AI data center boom does not last, the nEye chip's advantages in energy efficiency and flexibility also apply to more traditional data centers. "The beauty of it is as applicable to both models," Lou said. NEye has raised $72.5 million to date, and its other investors include M12, Microsoft's venture fund, Micron Technology, and Nvidia, among others.
Reuters
10-04-2025
- Business
- Reuters
AI networking chip startup nEye Systems raises $58 million, led by Alphabet's CapitalG fund
SAN FRANCISCO, April 10 (Reuters) - NEye Systems, a startup developing a new kind of networking chip for artificial intelligence data centers, on Thursday raised $58 million in venture financing in a round led by CapitalG, a growth-stage fund backed by Alphabet . Emeryville, California-based nEye is developing a chip that taps optical technology to send information between AI chips in the form of light rather than electrical signals, a field that chip giants such as Nvidia and startups alike are chasing because it could lower energy use for AI data centers. But energy efficiency is only part of nEye's goal. The startup is focusing on a type of chip called an optical circuit switch, which allows the owner of a data center to change how its computers are connected on the fly. That can help improve the data center's performance by selecting the best way to string computers together based on whatever software it happens to be running. Alphabet's Google used such chips several years ago to construct an AI supercomputer that it claimed beat Nvidia's then-current offerings, but its chips were proprietary and not available to the wider market. NEye is now taking that concept and developing a chip for the rest of the market. "Google is a pioneer. They led the way," said Ming Wu, one of the firm's co-founders and also a professor at University of California Berkeley. "Other AI companies, other hyperscaler AI data center operators, they will be looking to acquire some of this technology rather than developing it themselves." Neye has made prototype chips and expects to have samples of production chips next year but has not disclosed when it expects to ship in large volumes. James Luo, the general partner at CapitalG who led the investment, said that even if the current AI data center boom does not last, the nEye chip's advantages in energy efficiency and flexibility also apply to more traditional data centers. "The beauty of it is as applicable to both models," Lou said. NEye has raised $72.5 million to date, and its other investors include M12, Microsoft's venture fund, Micron Technology, and Nvidia, among others.
