Nexthop AI Bags $110 Mn Funding Led By Lightspeed Venture Partners

Nexthop AI, a company developing AI infrastructure for cloud providers, has raised $110 million in funding led by Lightspeed Venture Partners.

The round also saw participation from Kleiner Perkins, WestBridge Capital, Battery Ventures and Emergent Ventures.

The new funds will help Nexthop AI build networking solutions for large-scale cloud environments. As AI workloads grow, cloud providers are investing heavily in upgrading their GPU and networking infrastructure. 

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“Hyperscalers need the ecosystem to innovate with them to accelerate their infrastructure deployments,” said Anshul Sadana, CEO of Nexthop AI. “Nexthop AI is a force-multiplier, as it partners with and works as an extension of the cloud companies’ engineering teams. This disruptive model enables cloud companies to build the most cost and power efficient AI solutions.”

“The world’s largest cloud providers need a new generation of networking capabilities to keep pace with the demands of AI workloads,” said Guru Chahal, partner at Lightspeed Venture Partners. “Nexthop AI is filling a critical gap in this $35 billion market with its deep domain expertise, pioneering technology and customized solutions, positioning the company as the go-to partner for leading cloud providers, seeking to seize the AI revolution.”

Lightspeed Venture Partners is a venture capital firm that supports disruptive innovations in the Enterprise, Consumer, Health, and Fintech sectors. Over the past 25 years, the Lightspeed team has backed hundreds of entrepreneurs and helped build over 500 companies worldwide.

About Nexthop AI 

Nexthop AI offers custom networking solutions that work with open-source network operating systems like SONiC. The company specializes in hardware, software, photonics and network design, helping cloud providers build efficient AI systems.

Nexthop AI specializes in creating custom networking solutions for these companies, integrating seamlessly into their cloud infrastructure. This includes building networking hardware tailored to each customer, providing a network operating system of their choice and offering pre-tested optical and electrical interconnects from the customer’s supply chain.

Nexthop AI is based in Santa Clara, California with offices in Seattle, USA, Vancouver, Canada and Bengaluru, India. The company is working to expand its presence in global markets to support the growth of AI-powered cloud infrastructure.

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