Nvidia invests in Spanish AI startup iPronics
Nvidia has made its first investment in a Spanish company, joining the Series B funding round of Valencia-based startup iPronics. The funding round, totaling approximately 108 million euros, was co-led by Silicon Valley funds Maverick Silicon and Light Street Capital.
iPronics, a spin-off from the Polytechnic University of Valencia, specializes in photonic chips. These chips utilize light rather than electricity to transmit data, aiming to resolve connectivity bottlenecks in AI data centers by connecting thousands of GPUs.
Since its founding six years ago, the company has raised a total of approximately 177 million dollars. The startup's technology is designed to optimize the communication between computational resources used for training and executing generative AI systems.
Entities
Light Street Capital · Maverick Silicon · Nvidia · Polytechnic University of Valencia · iPronics
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The Series B round was co-led by Maverick Silicon and Light Street Capital. www.elperiodicoextremadura.com · www.laopinioncoruna.es · www.lne.es
- [● 3 SOURCES] The company develops photonic chips that use light instead of electricity to transmit data. www.elperiodicoextremadura.com · www.laopinioncoruna.es · www.lne.es
- [● 3 SOURCES] iPronics was founded as a spin-off from the Polytechnic University of Valencia (UPV). www.elperiodicoextremadura.com · www.laopinioncoruna.es · www.lne.es
- [● 3 SOURCES] The total funding raised by iPronics since its founding is approximately 177 million dollars. www.elperiodicoextremadura.com · www.laopinioncoruna.es · www.lne.es
- [● 3 SOURCES] Nvidia has invested in the Spanish startup iPronics. www.elperiodicoextremadura.com · www.laopinioncoruna.es · www.lne.es
- [● 3 SOURCES] iPronics has closed a Series B funding round of approximately 108 million euros. www.elperiodicoextremadura.com · www.laopinioncoruna.es · www.lne.es