Valencia-based iPronics has raised $125 million in Series B funding to advance optical circuit switch technology. Maverick Silicon and Light Street co-led the round, with Nvidia also participating.
The funding positions iPronics to scale development of optical circuit switches, which route data using light rather than traditional electronic switching. This approach promises lower latency and reduced power consumption in data center environments.
Nvidia's participation underscores tech giants' interest in optical networking solutions as data center demands intensify. The chipmaker has prioritized optical interconnects to support high-performance computing and AI infrastructure.
Maverick Silicon and Light Street's co-leadership reflects investor confidence in iPronics' technical approach and market timing. The optical switching sector has attracted significant capital as cloud providers and hyperscalers seek efficiency gains.
iPronics joins a competitive field of optical networking startups, including players like Ayar Labs and Lightmatter, pursuing similar efficiency goals through photonic technologies.
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