# Astera Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astera-labs

- Industry: Semiconductors
- Headquarters: San Jose, US
- Website: www.asteralabs.com/
- Total disclosed funding: $232M
- Latest round: Series D (Nov 17, 2022)
- Investors on record: 7

## About

Astera Labs, Inc. is a US-based company specializing in purpose-built connectivity solutions for rack-scale AI infrastructure, delivering advanced hardware and software products designed to enhance performance in cloud-scale environments.Founded in 2017 by Casey Morrison and Sanjay Gajendra, Astera Labs, Inc. operates from its headquarters in San Jose, US. The company has successfully completed 5 deals with its most recent funding round occurring on 19 March 2024, where it raised USD 150.00 mn in a Series D round led by Fidelity Investments, bringing the total amount raised to USD 150.00 mn and valuing the company at approximately USD 2.40 bn.Astera Labs specializes in connectivity solutions for AI infrastructure, offering products such as the COSMOS Intelligent Connectivity Platform, Scorpio Smart Fabric Switches, and Aries PCIe®/CXL® Smart DSP Retimers. These solutions cater to data centers requiring robust AI capabilities, targeting major technology firms and cloud service providers across North America, Europe, and Asia.In 2024, Astera Labs reported a revenue of USD 396.29 mn with an EBITDA of USD -112.91 mn. The company primarily generates revenue through B2B transactions with enterprise clients in the technology sector, leveraging partnerships with major vendors to enhance product integration and performance.Astera Labs plans to enhance its product lineup with new offerings scheduled for release in late 2024, focused on expanding its capabilities in AI-driven solutions. The company aims to grow its presence in Asia-Pacific markets by 2025. The recent IPO in March 2024, where Astera Labs raised USD 713 mn with an initial share price of USD 36, will support these expansion efforts and product developments.

## Funding rounds

- Series D, Nov 17, 2022, $150M — Intel Capital, Sutter Hill Ventures, Fidelity Investments, Atreides Management
- Series C, Aug 24, 2021, $50M — Intel Capital, Valor Equity Partners, Sutter Hill Ventures, Fidelity Investments, VentureTech Alliance, Atreides Management, GlobalLink1 Capital
- Series B, Nov 8, 2019, $26M — Intel Capital, Sutter Hill Ventures, VentureTech Alliance, GlobalLink1 Capital
- Series A, Mar 21, 2018, $6.3M — Intel Capital, Sutter Hill Ventures, VentureTech Alliance, GlobalLink1 Capital

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B, Series C, Series D
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series A, Series B, Series C, Series D
- VentureTech Alliance (https://capitalatlas.ai/funds/venturetech-alliance) — Series A, Series B, Series C
- GlobalLink1 Capital (https://capitalatlas.ai/funds/globallink1-capital) — Series A, Series B, Series C
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series C
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C, Series D
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series C, Series D