About Lightmatter
Lightmatter is a company based in Boston (United States) founded in 2017 by Darius Bunandar, Nicholas Harris, and Thomas Graham.. Lightmatter has raised $822.23 million across 9 funding rounds from investors including Fidelity Investments, Hewlett Packard Enterprise and Lockheed Martin. The company has 145 employees as of December 31, 2023. Lightmatter offers products and services including Passage M1000, Passage L200, Envise, and Idiom. Lightmatter operates in a competitive market with competitors including LightOn, Celestial AI, Optalysys, LightSpeedAI Labs and Expedera, among others.
- Headquarter Boston, United States
- Employees 145 as on 31 Dec, 2023
- Founders Darius Bunandar, Nicholas Harris, Thomas Graham
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$822.23 M (USD)
in 9 rounds
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Latest Funding Round
$400 M (USD), Series D
Oct 11, 2024
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Investors
Fidelity Investments
& 12 more
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Employee Count
145
as on Dec 31, 2023
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Products & Services of Lightmatter
Lightmatter offers a comprehensive portfolio of products and services, including Passage M1000, Passage L200, Envise, and Idiom. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for AI interconnects using silicon photonics technology.
Solution for 3D co-packaged optics in AI applications.
Software for photonic research and development purposes.
Component for photonic standardization and AI networking.
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Software Development Team
24 people
Creative and Marketing Team
13 people
Leadership Team
12 people
Product Management Team
5 people
Senior Team
3 people
Human Resources and Administration
3 people
Photonics Team
2 people
Sales and Marketing
2 people
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Funding Insights of Lightmatter
Lightmatter has successfully raised a total of $822.23M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $400 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $400.0M
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First Round
First Round
(09 May 2017)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series D - Lightmatter | Valuation | T. Rowe Price | |
| Jan, 2024 | Amount | Series C - Lightmatter | Valuation | SIP Global Partners |
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| Dec, 2023 | Amount | Series C - Lightmatter | Valuation | Google Ventures , Viking Global Investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lightmatter
Lightmatter has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, Hewlett Packard Enterprise and Lockheed Martin. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage technology startups are supported by SIP Global Partners.
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Founded Year | Domain | Location | |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lightmatter
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lightmatter
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lightmatter Comparisons
Competitors of Lightmatter
Lightmatter operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LightOn, Celestial AI, Optalysys, LightSpeedAI Labs and Expedera, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Optical processors are provided for machine learning computations.
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| domain | founded_year | HQ Location |
Provider of AI-powered optical processing units
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| domain | founded_year | HQ Location |
AI-powered optical processing technology for big data applications is developed.
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| domain | founded_year | HQ Location |
Developer of optoelectronic processors and interconnects for data centers and near-edge compute
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| domain | founded_year | HQ Location |
Manufacturer of AI accelerators
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lightmatter
Frequently Asked Questions about Lightmatter
When was Lightmatter founded?
Lightmatter was founded in 2017.
Where is Lightmatter located?
Lightmatter is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Lightmatter?
Nicholas Harris is the current CEO of Lightmatter. They have also founded this company.
Is Lightmatter a funded company?
Lightmatter is a funded company, having raised a total of $822.23M across 9 funding rounds to date. The company's 1st funding round was a Series C of $155M, raised on May 09, 2017.
How many employees does Lightmatter have?
As of Dec 31, 2023, the latest employee count at Lightmatter is 145.
What does Lightmatter do?
Lightmatter was founded in 2017 in Boston, United States, and operates in the photonics sector for AI applications. 3D-stacked photonic chips are developed to overcome bandwidth and power constraints of silicon processors. Interconnect and packaging solutions are provided, along with integrated lasers, to support advanced AI systems. Operations focus on hardware innovations for scalable computing architectures.
Who are the top competitors of Lightmatter?
Lightmatter's top competitors include Celestial AI, LightOn and Optalysys.
What products or services does Lightmatter offer?
Lightmatter offers Passage M1000, Passage L200, Envise, and Idiom.
Who are Lightmatter's investors?
Lightmatter has 13 investors. Key investors include Fidelity Investments, Hewlett Packard Enterprise, Lockheed Martin, T. Rowe Price, and Google Ventures.
What is Lightmatter's valuation?
The valuation of Lightmatter is $1.2B as of Dec 2023.
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