Xsight Labs Secures $300M Funding to Advance AI Data Center Networking Chips

Israeli semiconductor startup Xsight Labs has raised over $300 million, achieving a valuation of $2.8 billion, to accelerate the development and scaling of its high-performance networking chips. The funding round, led by Fidelity Management & Research Company, will support the expansion of engineering and customer support teams and scale manufacturing. Xsight Labs' programmable networking chips, including its E1 Data Processing Unit (DPU) and X2 Ethernet switch, are designed to address the critical challenge of efficiently moving massive amounts of data within AI data centers.