The sale occurred seven months after the startup in Ottawa is almost 18 million US dollars.
Based on Ottawa HyperlimWhich develops data processing centers for optical compounds for centers of processing of artificial intelligence (AI), were sold in San Jose, California. CredoThe field financial terms of the transaction were not disclosed.
Credo, which is traded on the NASDAQ Stock Exchange with a market capitalization of 25 billion US dollars, said that the acquisition of a diode of hyperthys (micro-microlyst) can solve the future of the AI infrastructure controlled by AI. The credo said that the escalation requirements for the throughput change the method of transmitting data in data centers, and Microled technology can help scale “large -scale clusters of artificial intelligence”.
Hyperlume is the last Canadian semiconductor startup, which will be swallowed by a larger American player.
“Microled technology corresponds to our mission on innovation and promoting high-speed communication, allowing a faster, more reliable, more energy-efficient and scalable solutions for the AI era,” said Bill Brennan, chief executive director of Credo. “We welcome the Hyperlume command in Credo and are looking forward to creating a new class for connecting.”
Founded in 2022 by the General Director of Mohsen Assad and the President and Technical Director of Hossein Fariborzi, Hyperlume seeks to take into account the narrow places of connection in accelerated computing centers and AI data centers with its specialized microlyses (type of display of the flat panel) and energy conservation. Betakit turned to more detailed information about the transaction. For his part, Assad announced Linkedin The fact that he is now the senior director of Corro for the main technology.
The transaction is concluded about seven months after Hyperlim closed $ 12.5 million. USA in Seed financing commercialize its technology. Round under the leadership of the Canadian Crown Corporation BDC Capital's Deep technical venture fundas well as the Climate Tech Investor based on Toronto Arc enterprisesWith the support of Muus Climate Partners and SOSV and SOSV and venture capital of the American manufacturer of Intel chips and South Korean giant consumer electronics LG.
Hyperlume claims that its optical relationships based on microlytics are more faster and more energy -efficient than other available options. He claims that his relationship is offered 10 times higher than computational characteristics, and the power saving in a quarter-cost of traditional copper compounds.
CONNECTED: Hyperlim brings 17.8 million dollars.
The relationship of the data center connects two or more centers of data processing together to exchange and transmit data at various distances. In the era of AI, the use of data processing centers – and, therefore, energy consumption – has taken off. Goldman Sachs Waiting that AI will help increase the need for the power of the data center by 165 percent by 2030.
The Hyperlume website notes that existing artificial intelligence models are already pushing the limits of traditional compounds. It states that scaling the next generation will require a much greater connection and significantly reducing energy consumption.
Hyperlim joins the growing list of promising Canadian semiconductor startups, such as CentralIN TenstorrentAnd Untether ai Which either moved south or were absorbed by larger American players in recent years.
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