{"id":1103,"date":"2021-03-03T02:43:35","date_gmt":"2021-03-03T02:43:35","guid":{"rendered":"https:\/\/grzdemo.grazitti.com\/xsightlabs\/?p=1103"},"modified":"2024-07-18T12:42:05","modified_gmt":"2024-07-18T12:42:05","slug":"xsight-labs-closes-series-d-funding-led-by-valor-and-atreides-joined-by-fidelity","status":"publish","type":"post","link":"https:\/\/grzdemo.grazitti.com\/xsightlabs\/xsight-labs-closes-series-d-funding-led-by-valor-and-atreides-joined-by-fidelity\/","title":{"rendered":"Xsight Labs Closes Series D Funding Led by Valor and Atreides, Joined by Fidelity"},"content":{"rendered":"
Round endorses Xsight Labs\u2019 vision for end-to-end cloud infrastructure<\/h5>\n

Xsight Labs, a fabless semiconductor startup company, today announced the closing of its Series D funding. The round was led by Valor Equity Partners and Atreides Management and was joined by new investor Fidelity Management & Research Company. Existing investors Battery Ventures, Intel Capital, M12 Microsoft\u2019s Venture Fund and Xilinx, increased their investments. Additionally, Accton Technology joined as a new strategic investor.<\/p>\n

\u201cXsight Labs\u2019 Series D was significantly oversubscribed and is the largest round ever raised by our group,\u201d said Avigdor Willenz, Xsight Labs\u2019 founding investor. \u201cThe completion of this round will help Xsight Labs execute its ambitious vision of delivering end-to-end connectivity solutions for cloud infrastructure.\u201d<\/p>\n

Xsight Labs emerged from stealth in December 2020 and announced the sampling availability of X1, the industry\u2019s first 25.6T data center switch with 100G PAM4 SerDes. The capital infusion enables Xsight Labs to scale its R&D, operations, and commercial teams, in order to accelerate the development of its multi-product roadmap while engaging customers globally.<\/p>\n

\u201cI would like to welcome Fidelity Management & Research Company to the Xsight Labs family and thank all of our investors for their continued support, especially Valor and Atreides for their leading efforts. With this new investment, we are poised to ramp up the X1 family of data center switches and drive exciting new additions to our roadmap,\u201d said Guy Koren, Co-Founder and CEO of Xsight Labs.<\/p>\n<\/div><\/div><\/div>

About Xsight Labs<\/h2><\/div>

Xsight Labs is a fabless semiconductor company that enables end-to-end connectivity for the next generation of cloud service providers and hyperscale data center networks. Xsight Labs\u2019 technology delivers exponential bandwidth growth while lowering power and total cost of ownership. Founded in 2017, Xsight Labs is headquartered in Kiryat Gat, Israel and has offices in Tel-Aviv, Binyamina, Boston, MA, Raleigh, NC and San Jose, CA. For additional information, visit http:\/\/www.xsightlabs.com<\/a>.<\/span><\/p>\n<\/div><\/div><\/div>

Xsight Labs Contact:<\/strong><\/span><\/h5><\/h6><\/div>

Rajagopal Krishnaswamy<\/span>
\nVice President Marketing and Business Development<\/span>
\nrajagopalk@xsightlabs.com<\/a>
\n<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

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