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Nvidia Backs Major Funding Rounds for European AI Chip Startups
Spanish networking chip developer iPronics and AI startup Lyte have each closed substantial funding rounds totaling nearly $300 million, with Nvidia playing a key role in both investments. The deals highlight growing institutional backing for specialized hardware powering next-generation data centers.
2 Sept, 09:30 — 2 Sept, 12:06
The Story
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Source Diversity
Source Diversity
Low (24/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 1/5 buckets covered0/33
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Center2
Center (2)
Reutersbloomberg
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Far R
Geographic diversity— 2 regions9/34
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ReutersVery High1d ago
Spain's iPronics raises $125 million from Nvidia, others for data center networking chips - Reuters
Spain's iPronics raises $125 million from Nvidia, others for data center networking chips Reuters
Read full article →bloombergHigh1d ago
Lyte Closes $165 Million Round, Bringing AI Startup's Valuation to $1.6 Billion
Lyte, a fast-growing robotics and artificial intelligence startup from top members of Apple Inc.'s Face ID team, has secured about $165 million in a new funding round that more than triples the company’s valuation to $1.6 billion.
By Samantha Kelly
Read full article →Coverage Timeline
First report: bloomberg · 2 Sept, 09:30|Full coverage: 2 · 3h|Window: 3h
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