Fidelity Management and Research led a $150m Series D round in Astera Labs.

Fidelity Management and Research, an American multinational financial services corporation, led a $150m Series D round in Astera Labs, a provider of connectivity solutions for intelligent systems, with participation from Atreides Management, Intel Capital and Sutter Hill Ventures. "Astera Labs continues to surpass every milestone for a technology start-up, and we are now deep into the next stage of evolution for our company as we accelerate growth. This latest funding round is a testament that we are not only invested in the right growth markets such as Cloud, Artificial Intelligence/Machine Learning, and Hyperscale infrastructure, but that we are also able to consistently execute and deliver breakthrough connectivity products that are critical to our customers and partners," Jitendra Mohan, Astera Labs CEO.