Xsight Labs News
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Chip startup Xsight Labs axing dozens of employees | CTech
Israeli chip startup Xsight Labs is laying off dozens of employees as it adjusts its expenses to the current situation. The company, which produces advanced chipsets for the communications market, has raised upwards of $100 million in three rounds led by Avigdor Willenz, Intel, and Microsoft. Xsight Labs was founded in 2017 by three former employees of EZChip and its new CEO, Yossi Meyouhas, confirmed the layoffs across different departments in Israel and eastern Europe.
Layoffs
Israeli chip co Xsight Labs raises over $100m
Israeli semiconductor company Xsight Labs has closed its Series D financing round, led by Valor Equity Partners and Atreides Management. The specific amount raised was not disclosed, but it is believed to be above $100 million. Xsight Labs aims to deliver end-to-end connectivity solutions for cloud infrastructure and has already raised $116 million to date. The latest funding will be used to scale up its R&D, operations, and commercial teams to accelerate the development of its multi-product roadmap. Xsight Labs was founded by former employees of EZchip and has offices in Israel and the US.
Investment
Xsight Labs Announces Sampling of Industry's First 25.6T Data Center Switch with 100G SerDes
Xsight Labs Announces End-to-End Connectivity Vision for Cloud Infrastructure
Xsight Labs, a fabless semiconductor startup, has announced its vision to rearchitect the foundation of cloud infrastructure by delivering a broad portfolio of products. The companys technology will help Cloud Service Providers accelerate their innovation velocity by maximizing the use of added resources without additional overhead. Xsight Labs also announced the sampling availability of X1, a data center switch. The company, founded in 2017, has raised $116 million to date from investors including Intel Capital, Microsoft M12, Xilinx, Battery Ventures, Valor Equity Partners, and Atreides Management.
InvestmentExpand
Intel and Microsoft Investing in Secretive Israeli Company
Xsight Labs, an Israel-based semiconductor manufacturer, has raised $100 million in funding. The funding round was led by Intel Capital, Microsoft, Valor Equity Partners, and others. Xsight Labs produces advanced chipsets for the communications market and is operating in stealth mode. The company has raised a total of $100 million in funding across three rounds. Xsight Labs was founded in 2017 by former employees of EZChip and is focused on developing chips for next-generation, data-intensive workloads. Intel Capital, which is active in Israel, has recently invested in other technology startups and acquired companies in the AI and transportation sectors.
Investment
