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Hyperlume Raises $12.5 Million Seed Round to Revolutionize AI Data Center Connectivity

Hyperlume Raises $12.5 Million Seed Round to Revolutionize AI Data Center Connectivity

March 3, 2025 Craig Etkin

OTTAWA, Canada, Feb. 19, 2025 /PRNewswire/ — Hyperlume, Inc. (“Hyperlume” or the “Company”) has completed a $12,500,000 USD seed round to commercialize its high bandwidth, low latency, low power interconnects for AI data centers and high-performance computing systems. The oversubscribed round, led by BDC’s Deep Tech Venture Fund and ArcTern Ventures with participation from MUUS Climate Partners, SOSV and Intel Capital also includes a strategic investment from LG Technology Ventures. 

Hyperlume was founded in 2022 by Mohsen Asad and Hossein Fariborzi to develop breakthrough technology that addresses connectivity bottlenecks in accelerated computing and AI data centers. Hyperlume’s unique technology uses specialized, ultra-fast microLEDs and ultra-low power circuitry to achieve significant performance, cost and energy-efficiency gains relative to the traditional copper interconnects. 

“This funding represents a significant step in Hyperlume’s journey as we continue to push the boundaries of optical communication and deliver transformative solutions for the AI and semiconductor industries,” said Mohsen Asad, Co-founder and CEO of Hyperlume. “We are grateful for the trust and support of our investors who share our vision of a more efficient and sustainable future for computing.”

A New Paradigm in Computing
As AI models exceed 1 trillion parameters and high-performance computing clusters surpass 100,000 GPUs, today’s interconnect technology is becoming a critical bottleneck to computing performance. The future of computing requires a new level of connectivity—higher bandwidth, lower latency, and step-change improvements in energy efficiency.

Hyperlume’s novel technology is designed to overcome the energy and bandwidth bottlenecks inherent in traditional electronic interconnects, offering pluggable, mid-board and co-packaged optical alternatives.

With this funding, the company plans to:

  • Accelerate development of optical interconnect technologies
  • Expand its product, engineering and R&D teams
  • Strengthen strategic partnerships with leading hyperscalers, chip manufacturers and AI infrastructure providers
  • Prepare steps for production of its optical technology to meet industry demand for 800G and 1.6T interconnects.

“BDC’s Deep Tech Venture Fund is committed to supporting visionary companies that are reshaping industries through cutting-edge technology. Hyperlume’s optical interconnect technology represents a transformative leap forward in energy-efficient AI and semiconductor infrastructure. We are proud to be part of their journey as they redefine the future of computing,” said Charles Lespérance, Partner at BDC Capital’s Deep Tech Venture Fund. Murray McCaig, Managing Partner at ArcTern Ventures added, “The carbon emissions from data centers are projected to more than double by 2030, underscoring the urgent need to invest in technologies that reduce energy consumption. Hyperlume’s groundbreaking ultra-low-power microLED interconnect technology not only significantly reduces energy usage in networking but also delivers exceptional high-bandwidth performance.”

“As the demand for AI grows, so do its energy requirements, placing a significant burden on traditional copper interconnects,” said Srini Ananth, Managing Director at Intel Capital. “Hyperlume’s technology effectively tackles the bottlenecks hindering optimal performance in AI and data centers, representing a significant step forward for the semiconductor industry as it supports the demands of an AI-driven future.”

About Hyperlume
Hyperlume is a cutting-edge technology company focused on developing a low-energy optical interconnect solution to revolutionize chip-to-chip communication. The Company aims to enable efficient, low-power AI infrastructure through innovative optical solutions. For more information, visit www.hyperlume.com.

About BDC: 80 Years as Canada’s Bank for Entrepreneurs
BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the most innovative firms. BDC’s development role means we are in a state of perpetual evolution – wherever entrepreneurs go and whatever the Canadian economy needs – we will be there to help them defy the odds. 80 years later, that commitment remains very much alive. BDC’s services in 2024 alone will add an estimated $25.5 billion in GDP to Canada’s economy over the next five years. We are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers, and the first financial institution in Canada to receive the B Corp certification in 2013. For more information on our products and services and to consult free tools, templates and articles, visit bdc.ca or join BDC on social media. 

About ArcTern
ArcTern Ventures is a venture capital firm committed to addressing the climate crisis and advancing sustainability. Headquartered in Toronto, with offices in Oslo and San Francisco, ArcTern invests globally in innovative technology companies focused on climate action and sustainability—what we call Earthtech. The firm was founded on the premise that accelerating the transition to a carbon-neutral economy can disrupt industries and present an unprecedented opportunity for outsized financial returns, benefiting companies, investors, and the planet. ArcTern’s latest fund, Fund III, closed in January 2024 with US$337M from leading institutional investors, with a focus on Series A and B startups. Visit www.arcternventures.com.

About Intel Capital
Over three decades, Intel Capital has invested more than US $20 billion in the future of compute, funding standout, early-stage startups across four key areas of the tech ecosystem; Silicon, Frontier, Devices and Cloud. Intel Capital-funded companies created more than US $170 billion in market value in the past 10 years. For more information, visit www.intelcapital.com or follow @Intelcapital.

SOURCE Hyperlume, Inc.

Copyright © 2025 Cision US Inc.


Venture Capital
Canada, Cision, Hyperlume, Ottawa, PRNewswire, 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.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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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.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

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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