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Benzinga
Benzinga
Business
Paula Tudoran

Google Parent Alphabet Drops $100 Million On Celero: The $140 Million Startup Ending AI Data Center Bottlenecks

Alphabet Google Artificial Intelligence Broadcom CapitalG Marvell Technology Semiconductor
Startup,Funding,Or,Project,Crowdfunding,As,Business,And,Financial,Concept

Semiconductor startup Celero Communications announced on Nov. 17 that it closed $140 million in total funding to tackle one of artificial intelligence’s most critical infrastructure challenges: bandwidth limits in AI data centers.

Celero Communications pulled in $100 million during its Series B round, with CapitalG, Alphabet’s (NASDAQ:GOOG, GOOGL)) independent growth fund, serving as lead investor. 

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