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AttoTude Secures $50M Series B Funding Led by Mayfield to Accelerate Deployment of Revolutionary THz Interconnect Technology

AttoTude Secures $50M Series B Funding Led by Mayfield to Accelerate Deployment of Revolutionary THz Interconnect Technology

April 9, 2025 Craig Etkin

MENLO PARK, Calif.–(BUSINESS WIRE)–AttoTude, the pioneer of groundbreaking THz interconnect technology for AI and hyperscale data center applications, today announced it has raised $50 million in Series B funding led by Mayfield and joined by The Westly Group, with participation from existing investors Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital. This latest investment brings AttoTude’s total funding to $91 million, following its $30 million Series A in 2024 and $11 million Seed round earlier that year.

“Our THz platform represents a paradigm shift that solves critical bandwidth, power, and reliability challenges. ” – Dave Welch, co-founder and CEO of AttoTudeShare

AttoTude is transforming data center interconnects with the world’s first THz interconnect over wire, significantly improving bandwidth, reliability, and energy efficiency at a leading cost structure. The company’s THz platform fully meets the scale up application without the use of photonics by leveraging standard ASIC manufacturing processes to communicate up to 40m.

“The data center infrastructure powering AI workloads is hitting fundamental limits with conventional interconnect technologies,” said Dave Welch, co-founder and CEO of AttoTude. “Our THz platform represents a paradigm shift that solves critical bandwidth, power, and reliability challenges. With Mayfield’s support, we’re accelerating commercialization to meet the explosive demand from AI and hyperscale data center providers.”

The Series B funding will be used to scale manufacturing operations,expand customer engagements, and accelerate product development as AttoTude prepares for volume production.AttoTude is currently working with leading hyperscale and AI infrastructure companies on initial deployments.

“We’re witnessing a fundamental reimagining of data center architectures driven by AI, creating an urgent need for breakthrough interconnect solutions,” said Navin Chaddha, Managing Partner at Mayfield. “AttoTude’s radical innovation in THz technology represents the kind of step-function advancement that occurs once in a decade in the semiconductor industry. We’re excited to partner with Dave Welch, Joy Laskar, and their world-class team to bring this transformative technology to market.”

About AttoTude

AttoTude is pioneering THz interconnect technology for AI and hyperscale data center applications. The company’s revolutionary platform leverages THz radios over wire technology to significantly improve bandwidth, reliability, and energy efficiency at leading cost than conventional solutions. Founded by Dave Welch (former co-founder of Infinera and CTO/VP of Corporate Development of SDL) and Joy Laskar (founder of five startup companies and former professor at Georgia Institute of Technology), AttoTude is headquartered in Menlo Park, California. Learn more at attotude.com.

Contacts

Press Contact:
press@attotude.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Attotude, Business Wire, California, Menlo Park, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

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TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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