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SIP Global Partners and Aliya Capital Partners led a $154m Series C round in Lightmatter.

Financials

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Transaction Value£124m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Computer Hardware

United States

Single Bidder

Venture Capital

Friendly

Completed

Cross Border

Minority

Private Equity

high-performance computing

photonic processors

Acquisition

Private

Synopsis

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SIP Global Partners, a US-Japan VC firm investing in early-stage decarbonization technology, and Aliya Capital Partners, a multi-family office based in Miami, led a $154m Series C round in Lightmatter, a computer hardware manufacturer. "Lightmatter’s unique approach to harnessing the power of photonics will drive the enormous compute required for generative AI. The massive global growth in these technologies and use cases is at the forefront of this absolutely essential paradigm shift. We are especially excited to see LM’s early entry into the Japanese market. We expect them to play a leading role as Japanese AI use cases grow exponentially," Jeffrey Smith, SIP Global Partners General Partner.

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