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Astera Labs lands funding for purpose-built connectivity solutions

Today Astera Labs announced that it has closed its Series B funding with renowned technology investors including Sutter Hill Ventures, Intel Capital, Avigdor Willenz, and Ron Jankov. This investment round, along with a strategic collaboration with TSMC for manufacturing, positions Astera Labs to rapidly scale production of its Aries Smart Retimer, the world’s first Smart Retimer Portfolio for PCI Express (PCIe) 4.0 and 5.0 solutions, and to accelerate development of additional product lines for Compute Express Link (CXL) solutions. “We are very proud of the significant industry traction for our Aries Smart Retimer Portfolio which has been extensively tested with all major CPU, GPU and PCIe 4.0 endpoints,” said Jitendra Mohan, CEO, Astera Labs. “We look forward to accelerating this momentum by partnering with such a distinguished group of technology and manufacturing heavyweights to develop purpose-built connectivity solutions for data-centric systems.”