SAN JOSE, Calif. — Avicena, a leader in ultra-low power, high-density microLED-based interconnects, announced Wednesday that it has raised $65 million in Series B funding, bringing its total capital raised to $120 million.
The funding round was led by Tiger Global, with participation from new and existing investors including Maverick Silicon, Prosperity7 Ventures, Venture Tech Alliance, SK hynix, Cerberus Capital Management, Hitachi Ventures and Lam Research.
“This highly oversubscribed funding round is another testament that Avicena is in a leading position to disrupt the AI interconnect market,” said Bardia Pezeshki, founder and CEO of Avicena. “We will use the new funds to further scale our team and ramp our first product into production.”
Avicena’s LightBundle™ microLED-based interconnect technology is designed to enhance bandwidth density, energy efficiency and reliability compared to traditional optical interconnect solutions. Its microLED arrays, integrated onto high-performance CMOS ICs, provide a scalable and cost-effective alternative to laser-based links.
Investors expressed optimism about Avicena’s potential impact on AI computing and memory architectures. Tiger Global partner Rohit Iragavarapu noted the technology’s ability to improve bandwidth while reducing power consumption, while SK hynix executive Rene Do emphasized its relevance in next-generation memory fabrics.
As AI demand continues to grow, industry leaders see energy-efficient interconnects as critical to the sustainability of AI supercomputers and data centers. “Avicena’s energy-efficient interconnects have the potential to deliver exactly what’s needed,” said Manish Muthal, senior managing director at Maverick Silicon.
Prosperity7 Ventures managing director Abhishek Shukla highlighted Avicena’s role in supporting the expansion of AI capabilities at scale. “Avicena is well positioned to deliver next-generation interconnects for AI supercomputers and datacenters,” he said.
The company plans to use the new funds to expand its team and accelerate its product development and production efforts.