The MIT spinout has developed semiconductor technology that uses light rather than electrical signals to process data.
Lightmatter, a US-based artificial intelligence (AI) chipmaker spun out from Massachusetts Institute of Technology (MIT) raised $11m in a series A round yesterday co-led by Matrix Partners and Spark Capital.
Founded in 2017, Lightmatter has developed a silicon chip that uses light signals instead of electrical signals to process data, offering orders of magnitude performance improvements. The technology is particularly relevant for AI applications, which require vast amounts of computing power.
The company is based on work conducted by Nicholas…
