Avicena Secures $25 Million Series A

<p><strong>MOUNTAIN VIEW<&sol;strong> &&num;8212&semi; AvicenaTech Corp&period;&comma; a developer of microLED-based chip-to-chip interconnects&comma; has secured &dollar;25 million in Series A funding from Samsung Catalyst Fund&comma; Cerberus Capital Management&comma; Clear Ventures&comma; and Micron Ventures to drive the development of products based on Avicena’s breakthrough photonic I&sol;O solution&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We believe that Avicena technology can be transformational in unlocking compute-to-memory chip-to-chip high-speed interconnects&period; Such technology can be central to supporting future disaggregated architectures and distributed high-performance computing &lpar;HPC&rpar; systems&comma;” said Marco Chisari&comma; EVP of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are excited to participate in this round at Avicena&comma;” said Amir Salek&comma; Senior Managing Director at Cerberus Capital Management and former Head of Silicon for Google Infrastructure and Cloud&period; &OpenCurlyDoubleQuote;Avicena has a highly differentiated technology addressing one of the main challenges in modern computer architecture&period; The technology offered by Avicena meets the needs for scaling future HPC and cloud compute networks and covers applications in conventional datacenter and 5G cellular networking&period;”<&sol;p>&NewLine;<p>Avicena’s LightBundle I&sol;O solution eliminates the existing bottlenecks of copper links triggered by power consumption&comma; latency&comma; reach and bandwidth density thus dramatically improving existing system performance&period; This enables new&comma; dramatically higher-performing architectures in artificial intelligence &lpar;AI&rpar;&comma; machine learning &lpar;ML&rpar;&comma; cloud computing&comma; next generation cellular radio&comma; remote sensing&comma; and aerospace applications&period;<&sol;p>&NewLine;<p>The groundbreaking LightBundle technology is based on arrays of GaN micro-emitters that leverage the microLED display ecosystem and can be integrated onto any high-performance CMOS IC&period; Avicena leverages recent advances in the display industry to enable high volume&comma; low-cost production of highly optimized microLED arrays&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are excited about closing our Series A funding with a distinguished group of existing and new investors&comma;” said Bardia Pezeshki&comma; Founder and CEO of Avicena&period; &OpenCurlyDoubleQuote;We will use the new funds to scale our team and build initial products for our growing family of partners and customers&period;”<&sol;p>&NewLine;