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nEye.ai secures $80 million Series C to scale Optical Circuit Switching for AI infrastructure. Investment led by Sutter Hill Ventures enables next-generation optical interconnects for AI Data Centers SANTA CLARA, Calif.-(BUSINESS WIRE)-nEye.ai, a pioneer in integrated optical interconnects, today announced it has raised $80 million in Series C financing led by Sutter Hill Ventures with participation from existing investors including Alphabet's independent growth fund, CapitalG; Microsoft's Venture Fund, M12; and Socratic Partners, among others. This latest infusion of capital brings nEye's total funding to $152 million. The funding will accelerate the development and high-volume manufacturing of nEye's proprietary Optical Circuit Switches (OCS). As AI gigawatt factories emerge as the standard for large-scale compute, the industry is shifting toward composable infrastructure. nEye's technology introduces compact, fast-switching optical layers that allow for the flexible pooling of CPU, GPU, and memory resources, ensuring data center architectures can evolve alongside rapidly advancing AI models. In conjunction with the financing, Stefan Dyckerhoff, Managing Director at Sutter Hill Ventures, will join the nEye Board of Directors. "The market for Optical Circuit Switching is projected to surpass $3 billion within the next three years," said Dyckerhoff. "By moving away from complex mechanical assemblies to a foundry-compatible wafer-scale process, nEye is positioned to deliver the most cost-effective, high-performance switching solution for scale-up, scale-out and scale-across applications." "Optical switching is now a requirement to unlock the true potential of AI training and inference at scale," said James Luo, General Partner at CapitalG. "We are doubling down on nEye because their 'OCS-on-a-chip' approach offers a unique path to meeting the extreme density and power constraints of modern hyperscale data centers." nEye integrates Silicon Photonics, MEMS, and CMOS into a single chip, allowing for a significantly smaller footprint and lower power consumption compared to traditional switching solutions - critical requirements for the power-constrained environments of next-generation data centers. "While this milestone validates our technology, our focus now shifts to scaling our foundry-based manufacturing and meeting the rigorous performance standards our customers demand," said Ashish Vengsarkar, CEO of nEye.ai. "The addition of Stefan and the team at Sutter Hill Ventures to our existing slate of strategic partners strengthens our ability to address all hyperscaler use-cases." About nEye.ai nEye.ai is a pioneer in reconfigurable optical interconnects, reimagining data center connectivity through its unique Optical Circuit Switch (OCS) on-a-chip architecture. By fusing silicon photonics with advanced MEMS technology, nEye.ai delivers the ultra-low latency, massive bandwidth, and superior power efficiency required to fuel the next generation of AI fabrics. Headquartered in Silicon Valley, nEye has received venture funding from Sutter Hill Ventures; Alphabet's independent growth fund, CapitalG; Socratic Partners; Microsoft's venture fund, M12; and Micron Technology. Learn more at http://neye.ai, and see open roles at https://www.neye.ai/join-us. More News From nEye.ai AMSTERDAM & BERLIN-( BUSINESS WIRE )-Duna, the identity fintech founded by two Stripe alumni, today announced a €30 million Series A funding round led by CapitalG, Alphabet's independent growth fund. Existing investors Index Ventures, Puzzle Ventures and Snowflake Chairman Frank Slootman also participated in the round. The company, based in Germany and the Netherlands, was launched in 2023 by Duco van Lanschot, who was head of Benelux and DACH at Stripe for three years, and David Schreiber, who... NEW YORK-( BUSINESS WIRE )-Clay, the leading AI go-to-market (GTM) development platform, today announced its second employee tender offer in nine months, giving team members the opportunity to sell a portion of their vested equity for liquidity. The tender offer values Clay at $5 billion, marking more than a 3x increase from the company's previous tender last spring. Tender offers - and especially repeat tenders at this pace - are extremely rare in the private market. Clay believes employees sh... IRVINE, Calif.-( BUSINESS WIRE )-Celero Communications, a leader in high-performance coherent DSP (digital signal processor) technology for AI infrastructure, today announced that it has raised a total of $140 million in funding. This includes a recent $100 million Series B investment led by CapitalG (Alphabet's independent growth fund) and earlier Series A and seed rounds totaling $40 million led by Sutter Hill Ventures with participation from Valor Equity Partners, Atreides Management, Maveri... nEye.ai. Release Versions

nEye, a developer of optical chips and devices, has secured $58 million in a Series B funding round. The investment was led by CapitalG, Alphabet Inc.'s growth-stage investment fund, with participation from Microsoft's M12 fund, Micron Technology, NVIDIA, and Socratic Partners.

nEye Systems, a silicon photonics startup based in Emeryville, California, has raised $58 million in a Series B funding round led by Alphabet's CapitalG, with participation from Microsoft's M12, Micron Technology, Nvidia, and Socratic Partners. The funding will support the development and commercialization of nEye's optical interconnect chip technology, aimed at enhancing data center efficiency for AI workloads. The company claims its technology can improve energy efficiency by 100 to 1,000 times.