Chip Maker Xsight Labs Raises $300 Million
The chip company raised over 300 million dollars at a 2.8 billion dollar valuation. This fresh capital will help them expand their work on high speed data processing units.
Fidelity Management led the investment round. Other major firms like Intel Capital and Battery Ventures also joined in to support the company.
Based in Tel Aviv, the startup plans to focus on programmable Ethernet switches. They want to make AI and cloud networks faster and more efficient for their customers.
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