Author: Sara

Following the company’s $713 million IPO on the Nasdaq, which priced significantly above the anticipated range, Astera Labs’ shares ended Wednesday’s trading session up more than 72%. Located in Santa Clara, California Late Tuesday, Astera, a company that develops data center networking technology with applications in generative AI, set the price of its shares at…

Celestial AI, a business focused on optical interconnectivity, raised $250 million in a Series C1 financing headed by Fidelity Management & Research Co. at a stated valuation of $2.5 billion. The business secured a $175 million Series C headed by Thomas Tull’s US Innovative Technology Fund about a year prior to the new funding. The…