Lightmatter Raises $80M in Series B Funding

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The Boston, Massachusetts-based photonic computing company Lightmatter raised $80 million in Series B funding, bringing the total amount invested to far to $113 million.

In addition to GV (previously Google Ventures), Hewlett Packard Enterprise (HPE), Lockheed Martin, Matrix Partners, SIP Global Partners, Spark Capital, and others, Viking Global Investors led the round.

The company plans to use the funding to expand its sales and operations teams and speed the manufacture and market launch of its first-generation roadmap products.

CEO Nick Harris established Lightmatter in 2017, and the company is dedicated to creating AI computing solutions that accelerate AI progress while reducing its negative effects on the environment. The company sells a photonic computer called Mars, a novel wafer-scale technology called Passage that makes it possible for computer chips to connect quickly, and an accelerator for photonic AI called Envise.

In addition, Olivia Nottebohm, a former chief operational officer of Dropbox, was welcomed to the Board of Directors by Lightmatter today. Nottebohm oversaw sales, business development, partnerships, marketing, customer success, support, personnel, and communications while working for Dropbox. Nottebohm held executive sales and go-to-market positions at Google before joining Dropbox. He was also a Technology Practice Partner at McKinsey & Company.