Astera Labs Secures $50 Million in Series C Funding

Astera Labs Secures $50 Million in Series C Funding to Accelerate Product and Customer Momentum at a $950 Million Valuation

The new round of financing shows recognition of the company's efficient execution capabilities

Clarifies company's leadership in the market for connectivity solutions built specifically for intelligent systems

Beijing, China - October 12, 2021 - Astera Labs, a leader in intelligent system connectivity solutions, announced that it has raised $50 million in Series C funding, led by Fidelity Management and Research with oversubscription. Fidelity and Atreides Management and Valor Equity Partners joined this round of financing, and existing investors Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures and VentureTech Alliance also participated. Prior to this round of financing, Astera Labs had only raised $35 million in three years, which fully demonstrates the innovation and agility of the company's team, the efficiency of its operations and its customer-centric philosophy.

“We are excited to partner with Fidelity, Atreides and Valor to solidify our leadership in intelligent cloud connectivity solutions and take Astera Labs into the next phase of our growth,” said Jitendra Mohan, CEO of Astera Labs. “With this investment, and closer collaboration with our manufacturing partners, we will rapidly scale our global operations to meet the needs of our customers and introduce multiple new product families to solve the industry’s toughest connectivity challenges.”

Prior to the Series C funding, Astera Labs successfully launched its Aries Smart Retimer portfolio for Compute Express Link™ (CXL™) 2.0 and PCI Express® (PCIe®) 5.0, enabling cloud workload optimized platforms. The company plans to continue its momentum and broaden its focus to break through connectivity bottlenecks in the data center with purpose-built ASIC and module solutions, unlocking complex system topologies that are critical for mainstream data-intensive applications such as artificial intelligence and machine learning.

“CXL ushers in a new era of data center system architectures that are critical to realizing the vision of AI in the cloud,” said Sanjay Gajendra, Chief Business Officer at Astera Labs. “We lead the industry in the world’s top five CPU/GPU/AI processor platforms and the majority of customer projects in the cloud. This positions us well to deliver on CXL’s exciting new capabilities in cache coherency and memory interconnect.”

Avigdor Willenz, founding investor of Astera Labs, Annapurna Labs and Habana Labs, said: “Astera Labs has done an incredible job developing a diverse portfolio of innovative products that address the critical needs of heterogeneous computing and composable disaggregated infrastructure. We are very excited to see how effectively they are executing internally and how quickly they are creating value, which will lead to many more possibilities for them in the future, including an IPO.”

“We are excited about Astera Labs’ growth and remain highly bullish on the company’s long-term potential,” said Stefan Dyckerhoff, Managing Director of Sutter Hills Ventures and member of the Astera Labs board of directors.

To support the rapid development and operation of a range of products, Astera Labs is recruiting for relevant positions in North America and Asia.

About Astera Labs

Astera Labs Inc. is a fabless semiconductor company headquartered in the heart of California's Silicon Valley, focused on providing purpose-built connectivity solutions for data center systems. The company's product portfolio includes system-aware semiconductor integrated circuits, boards, and services to enable reliable connectivity for CXL/PCIe.

About EDOM Technology

Not only a component agent, but also your ideal solution partner

Founded in 1996, EDOM Technology is an outstanding electronic component distributor and solution provider in Asia. Headquartered in Taipei, it has deployed complete and dense distribution outlets in China, Singapore, Thailand, India, Malaysia, Japan, and South Korea, providing high-quality services and solutions to ODM/OEM customers and original equipment manufacturers in the Asia-Pacific region and around the world. EDOM Technology has been deeply involved in various application fields for many years and has been leading the trend. The product application range includes portable/wearable products, wired/wireless communications, the Internet of Things, automobiles, robots, medical, industrial control, computers, and a variety of electronic products. It has many years of technical experience in optoelectronics, digital, analog, mixed signal and other fields, and provides comprehensive services and solutions, which can serve as a good bridge for communication between original equipment manufacturers, customers, and partners.