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Benzinga
Benzinga
Business
Madison Troyer

'We're Solving For Memory-Intensive AI Workloads,' Startup Raises $100 Million To Build Energy-Saving Data Centers

Majestic Memory CNBC Lux Capital EA SPORTS Meta Google
Data Center

AI infrastructure startup Majestic Labs announced earlier this month that it had raised $100 million in funding from Bow Wow Wave Capital, which led the Series A round, and Lux Capital.

Founded by former Google and Meta (NASDAQ:META) executives Ofer Shacham and Masumi Reynders, Majestic Labs is developing servers with 1,000 times the memory of a standard server. The co-founders told CNBC that the company develops its entire system, both hardware and software, and that when complete, each server could replace up to 10 racks. 

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