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Lightmatter

Lightmatter
2017 FOUNDED
PRIVATE STATUS
Series A LATEST DEAL TYPE
$11M LATEST DEAL AMOUNT
4 INVESTORS
Description

Developer of a light-powered AI chip designed to speed up artificial-intelligence computations by orders of magnitude. The company's AI chip uses integrated optical technology to create faster and efficient processors and accelerates critical operations in deep neural networks using an array of programmable photonic elements fabricated alongside transistors in conventional CMOS processes, enabling users to get a speed of light evaluations as well as low power consumption for software algorithms underlying image recognition, natural language processing and more.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Electronic Components
Primary Office
  • 61 Chatham Street
  • Boston, MA 02109
  • United States
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Lightmatter Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series A) 05-Feb-2018 $11M 0000 0000 Completed Generating Revenue
2. Grant 18-May-2017 00000 Completed Generating Revenue
1. Accelerator/Incubator 01-May-2017 $75K Completed Generating Revenue
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Lightmatter Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series A 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
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Lightmatter Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Matrix Partners Venture Capital Minority 000 0000 000000 0
Spark Capital Venture Capital Minority 000 0000 000000 0
MIT $100K Entrepreneurship Competition University 000 0000 000000 0
Harvard Innovation Launch Lab Accelerator/Incubator 000 0000 000000 0

Lightmatter Executive Team (4)

Name Title Board
Seat
Contact
Info
Nicholas Harris Ph.D Chief Executive Officer, President and Co-Founder
Thomas Graham Chief Operating Officer & Co-Founder
Darius Bunandar Ph.D Chief Scientist & Co-Founder
Carl Ramey Vice President, Engineering

Lightmatter Board Members (2)

Name Representing Role Since Contact
Info
Santo Politi Spark Capital Board Member 000 0000
Stan Reiss Matrix Partners Board Member 000 0000