Santa Clara-based nEye.ai raised $80 million in Series C funding to grow its optical interconnect technology. Sutter Hill Ventures led the round, which included participation from CapitalG, M12 and Socratic Partners. This latest investment brings the company’s total funding to $152 million.
With the new capital, nEye.ai plans to accelerate high-volume manufacturing of its proprietary optical circuit switches. By integrating silicon photonics and micro-electromechanical systems, or MEMS, into a single chip, the company aims to reduce the physical space and power needed for large-scale artificial intelligence infrastructure. Its approach is intended to help data centers handle the heavy data demands of training and running AI models more efficiently.
“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,” Ashish Vengsarkar, CEO of nEye.ai, said in a statement.
Stefan Dyckerhoff, managing director at Sutter Hill Ventures, is joining the company’s board of directors as part of the deal.
