US-based AI company: Altair, is a computational science and artificial intelligence (AI) company. It has invested $10 million in Xscape photonics. This is a startup that developed patented technology for photonic chips for ultrahigh-bandwidth connections inside data centers and high-performance computing (HPC) systems.
Xscape photonics has developed a new technology that uses photonics to connect various computing elements for high-speed data transfer. Altair, a US-based computational science and artificial intelligence company, has invested $10 million in the startup.
In the world of business, there are always new startups popping up with innovative ideas. And in the world of technology, there’s no shortage of AI-based companies looking to make a name for themselves. One such company is Altair, which has just led a $10 million seed funding round for Xscape Photonics, a startup that is developing a new type of photonics technology.
This investment is just the latest in a series of recent venture capital financings for Altair, which is quickly becoming one of the most active investors in the AI space. With this latest investment, Altair now has a portfolio of over 20 companies that are using AI to solve various problems across a wide range of industries.
Recent Venture Capital Financings
Altair is a US-based artificial intelligence company. It has led a $10 million seed funding round for Xscape Photonics, a technology startup based in India. This investment will help Xscape Photonics scale its business and bring its products to more customers globally.
This is a vote of confidence in the Indian startup ecosystem by one of the world’s leading artificial intelligence companies. With the growing demand for artificial intelligence (AI) and machine learning (ML), technology startups are receiving increasing investment attention. This is also a positive sign for the country’s growing economy.
US-based AI firm Altair leads seed funding for technology startup Xscape Photonics with a $10 million investment
US-based AI company Altair has led a $10 million seed funding round for technology startup Xscape Photonics. The investment will be used to help the startup develop its photonic integrated circuits (PICs).
PICs are used in a variety of applications such as telecommunications, data storage, and sensing. Altair is a leading provider of AI-powered products and services.
Conclusion
It’s been a busy few weeks for technology startups in the US. So many companies have received significant investment from venture capitalists. One of the latest is Xscape Photonics. This is a startup that has secured $10 million in seed funding from US-based AI company Altair.
The investment will help Xscape Photonics develop its technology and bring it to market. Hence, with the support of a leading player like Altair, Xscape Photonics is on its way to becoming a leading player in the photonics industry.
