Lightmatter officially becomes a unicorn

Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall, Lightmatter has now raised $420 million. 

Lightmatter co-founder and CEO, Nick Harris said, “Lightmatter is positioned to be a key driver in powering the next generation of computing systems that will further enable AI innovation.

He added, “We are thankful for the support of our investors, each of whom share our vision of Lightmatter playing an integral role in the future of computing. By increasing speed, lowering cost, and reducing environmental impact, our technologies can continue to push the limits of what’s possible, fueling greater AI adoption and innovation.”