Articles from CapitalG

Celero Communications, a leader in high-performance coherent DSP (digital signal processor) technology for AI infrastructure, today announced that it has raised a total of $140 million in funding. This includes a recent $100 million Series B investment led by CapitalG (Alphabet’s independent growth fund) and earlier Series A and seed rounds totaling $40 million led by Sutter Hill Ventures with participation from Valor Equity Partners, Atreides Management, Maverick Silicon, and others. The funding positions the company to address a rapidly expanding market for coherent optical connectivity.

Clay, the leading AI go-to-market (GTM) development platform, today announced it has raised $100 million in Series C funding at a $3.1 billion post-money valuation, just six months after announcing its Series B expansion. The round was led by Alphabet’s independent growth fund, CapitalG, with participation from existing investors Sequoia Capital, Meritech Capital, First Round Capital, BoxGroup, and Boldstart, as well as new investor Sapphire Ventures. This brings the company’s total funding to $204 million.

nEye Systems, an optical switch startup founded by UC Berkeley technologists, has announced the completion of a $58 million Series B round of financing led by Alphabet’s independent growth fund, CapitalG, with participation from M12, Microsoft’s venture fund; Micron Ventures; NVIDIA; and Socratic Partners. This financing brings the company’s total funding to $72.5 million; nEye previously secured an unannounced Series A led by TEDA Holdings with support from Innolight Technology USA and additional Seed funds.