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Celestial AI Secures $250 Million Funding to Revolutionize AI Infrastructure with Its Photonic Fabric™

Celestial AI Secures $250 Million Funding to Revolutionize AI Infrastructure with Its Photonic Fabric™

March 21, 2025 Craig Etkin

Funding Accelerates the Commercialization of Photonic Fabric, Unlocking Unprecedented AI Performance and Scalability

SANTA CLARA, Calif.–(BUSINESS WIRE)–Celestial AI™, creator of the Photonic Fabric™ optical interconnect technology platform, today announced that it has raised $250 million in its Series C1 funding round led by Fidelity Management & Research Company, bringing the total capital raised to date to more than $515 million. In addition to Fidelity Management & Research Company, new investors include funds and accounts managed by BlackRock, Maverick Silicon, Tiger Global Management and Lip-Bu Tan, as well as participation from existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly-owned subsidiary Xora Innovation, Porsche Automobil Holding SE and The Engine Ventures.

“With the emergence of complex reasoning models and agentic AI, the requirements on AI infrastructure are compounding,” said David Lazovsky, CEO of Celestial AI. “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. We are excited to work with top global investors who bring the capital and commitment to support our long-term mission of revolutionizing AI infrastructure with our Photonic Fabric.”

To address the rapidly changing AI landscape, Celestial AI’s Photonic Fabric technology platform allows AI compute to be networked seamlessly, from within processor packages to servers across multiple racks. Celestial AI offers a full suite of products, that include connectivity, switching and packaging solutions which serve as the foundation for optical scale-up networks for accelerated computing.

“Amid the explosive growth of Artificial Intelligence, Celestial AI is uniquely positioned to meet the soaring demands of data center infrastructure with its disruptive Photonic Fabric technology,” said Tony Kim, Head of Fundamental Equities Technology Group at BlackRock.

“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 in optical interconnect within chip, within package and between package-to-package,” said Andrew Homan, Managing Partner at Maverick Silicon.

Celestial AI’s Photonic Fabric technology is fully compatible with industry standard manufacturing and 2.5D packaging processes. With deep engagements with multiple hyperscalers, AI processor, custom silicon and packaging partners, this funding will enable the company to expand and qualify its volume manufacturing supply-chain to serve customer demand.

“Celestial AI’s Photonic Fabric is fundamentally transforming AI computing, networking and memory solutions by addressing critical infrastructure challenges with unmatched performance and energy efficiency,” said Diane Bryant, Independent Director at Celestial AI and Broadcom Inc. “I have witnessed the innovative potential of their technology to unlock new capabilities and as a member of the Board of Directors, am proud to be on the Celestial AI team as they commercialize their ground-breaking Photonic Fabric platform.”

For more information about Celestial AI, visit www.celestial.ai.

About Celestial AI

Celestial AI is the creator of the Photonic Fabric, an optical interconnect technology platform for AI computing systems. The Photonic Fabric provides the foundational technology for data center computing, networking and memory systems to enable advancements in AI with sustainable and profitable business models. Celestial AI’s Photonic Fabric delivers a transformative leap in AI system performance and energy efficiency. https://www.celestial.ai.

Celestial AI and Photonic Fabric are trademarks of Celestial AI, Inc., registered in the U.S. and other countries or regions.

Contacts

Media Contact
Tyler Weiland
Shelton Group Public Relations
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Preet Virk
COO
pv@celestial.ai

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


Venture Capital
Business Wire, California, Celestial AI, Celestial AI™, Santa Clara, 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.

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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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