Salience Labs secures 125 million dollars in Series B funding

Salience Labs has raised 125 million dollars in an oversubscribed Series B funding round, Tech.eu and Pulse 2.0 reported. Techzine Global, The Next Web, Business Live, Embedded Computing Design, and SiliconANGLE also confirmed the 125 million dollar raise. The startup develops optical circuit switching technology for connectivity and networking chips used in artificial intelligence data centres. [1][2][3][4][5][6][7]

Bullhound Capital led the investment round, according to Tech.eu and Pulse 2.0. Additional participation came from corporate and institutional investors, including AMD Ventures, Intel Capital, SBI Group, Hudson River Trading, and the British Business Bank. Existing backers Applied Ventures, Oxford Science Enterprises, Cambridge Innovation Capital, and Silicon Catalyst Ventures also joined the round, Tech.eu noted. [1][2]

As part of the financing agreement, Bullhound Capital principal Callum Stewart will join the board of directors at Salience Labs, Tech.eu and Pulse 2.0 reported. The company intends to use the capital to scale its photonic networking technology and speed up deployment in data centre infrastructure. [1][2]

The fresh capital will help Salience Labs tackle network performance bottlenecks, Tech.eu reported. Business Live noted that the startup aims to address energy issues in data centres, while The Next Web reported that Salience Labs is expanding its operations in California. [1][4][5]