Lumilens Series C

Lumilens, an optical networking chip provider for AI clusters, has secured $900 million in funding, including a $700 million Series C round that values the company at $5.51 billion. This funding, led by Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures, and Spark Capital, represents a significant milestone for the two-year-old startup which has already reported billions of dollars in chip orders. The capital will be used to accelerate the replacement of copper wires with faster fiber-optic cabling in data centers, targeting both scale-up and scale-out networking use cases with their co-packaged and near-packaged optics chips.