Lightmatter, one of the newest components of the Prime Unicorn Index for Q1 2024, is making waves in photonic computing. The company is focused on developing light-powered chips to accelerate AI’s computation capabilities. By leveraging light for computing, Lightmatter aims to address the growing demand for more efficient and powerful processing units, particularly in the context of artificial intelligence.
In addition to its focus on AI and computing, Lightmatter is also involved in developing photonic products for various applications. The company’s work extends to healthcare technology, where it builds software applications for healthcare companies, showcasing its versatility in leveraging light-based technologies for different sectors.
Lightmatter has raised a total of $422.79 million, most recently raising $155 million in a Series C round in December 2023, which valued the company at $1.18 billion. Investors include Viking Global, Fidelity, GV, Aliya Capital Partners, SIP Global Partners, Sequoia, Spark Capital, Lockheed Martin, Hewlett Packard, and others.
See how Lightmatter has performed against the Prime Unicorn Index below.