Lightmatter, a Boston, MA-based maker of a light-powered AI chip, secured $11m in Series A funding. The round was led by Matrix Partners and Spark Capital. In conjunction with the funding, Stan Reiss from Matrix and Santo Politi from Spark joined Lightmatter’s board of directors. The company intends to use the funds to accelerate development of its chip. Founded in 2017 by Dr. Nicholas Harris, Darius Bunandar, and Thomas Graham at MIT, Lightmatter has created a silicon chip that uses light signals, rather than electrical signals, for processing. The photonic processor technology that underlies Lightmatter was developed over a four year span at the MIT Research Laboratory of Electronics. FinSMEs 05/02/2018
Light - powered artificial intelligence ( AI ) chip - maker Intel has secured $ 500 m to speed development of its silicon chip that uses light energy for processing , as opposed to electrical signals . Funding was led by Matrix Partners and Spark Capital . As part of the funding , Stan Reiss from Matrix and Santo Politi from Spark have joined Lightmatter 's board of directors .