iPronics raises $125 million for AI optical networking

iPronics has announced a $125 million Series B funding round to accelerate commercialization and market expansion for its silicon photonics-based optical circuit switching platform for AI infrastructure.

• The round was co-led by Maverick Silicon and Light Street Capital, with NVIDIA participating alongside Triatomic Capital, Bosch Ventures, Catalight Capital, European Innovation Council Fund, The Tate Family Trust, Fine Structure Ventures, Amadeus Capital Partners, Build Collective, and Criteria Venture Tech.
• iPronics said it will use the funds to scale operations, accelerate commercial deployment, and meet demand for iPronics Optical Networking Engine (ONE); the company also opened a Santa Clara, California office and is hiring for U.S. expansion.