US Innovative Technology Fund led a $175m Series C round in Celestial AI.

US Innovative Technology Fund, an investment firm, led a $175m Series C round in Celestial AI, a machine learning accelerator company that develops a data center, with participation from AMD Ventures, Koch Disruptive Technologies, Temasek, Xora Innovation, IAG Capital Partners, Samsung Catalyst, Smart Global, Porsche SE, Engine Ventures, M-Ventures and Tyche Partners. “This highly oversubscribed financing round is another testament to Celestial AI’s position to disrupt the market, and reflects the magnitude of business opportunity before us. Today’s advanced AI models require exponentially more I/O bandwidth and memory capacity but are currently constrained by low bandwidth and high latency. Our Photonic Fabric™ technology is rapidly becoming the de facto standard for Accelerated Computing optical interconnectivity, driven by unparalleled performance and efficiency,” Dave Lazovsky, Celestial AI Founder and CEO.