AI Chip Startup Celero Raises $275 Million at Over $3 Billion Valuation

September 8 news, according to Bloomberg, AI chip startup Celero Communications announced it has completed a $275 million funding round, valuing the company at over $3 billion. The round was co-led by Atreides Management, Valor Equity Partners, and CapitalG, the venture capital arm of Alphabet. Founded in 2024, Celero develops coherent digital signal processors (DSPs) for optical data transmission in AI systems, enhancing high-speed data transfer efficiency between data centers and across server racks within a single data center, thereby helping to build larger-scale AI chip clusters. It is reported that Gavin Baker, Managing Partner and Chief Investment Officer at Atreides, will join Celero's board of directors.