Wednesday, May 29, 2024
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HomeNewsAltair leads seed funding of $10M for Xscape Photonics

Altair leads seed funding of $10M for Xscape Photonics

Altair, an AI company providing software and cloud solutions in high-performance computing (HPC), data analytics, and AI, has invested $10M in Xscape Photonics. Xscape is a startup that has developed patented photonic chip technology for ultra-high bandwidth connections inside computing systems and data centers. 

James R. Scapa, founder, and CEO of Altair stated that the investment and collaboration with some of the world’s best innovators in Photonics would enable Altair to focus on advanced technologies to help customers to solve their problems more efficiently, 

Until now, computing relied on traditional electronic ways to transport vast amounts of data from chip to chip. This resulted in a lot of space and power and generated a lot of heat from the computer systems. Therefore, it caused performance issues in high-performance computing applications, especially in AI and data science applications.

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Xscape has created a platform that integrates diverse computing elements in an environmentally sustainable way while providing the maximum possible performance using breakthrough photonics technology. The use of photonics cuts power consumption and heat output while increasing communication speed and power in applications. 

Alexander Gaeta, CEO and co-founder of Xscape Photonics mentioned that Xscape is proud to re-invent the future of computing by developing the highest bandwidth, energy efficiency, and high-performance photonics technology to meet the needs of the future. The investment and collaboration with Altair will enable Xscape to push the boundaries of its platform and integrate with the best HPC and AI software to help customers in all sectors.

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Manjiri Gaikwad
Manjiri Gaikwad
Manjiri is a computer science graduate from Cummins college of engineering, Pune. She is a simple calm and composed person, who loves to write.

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