News Summary

• Celero Communications, a two-year-old chip startup, has raised $275m in a Series C round that values it at more than $3bn.
• It makes the processors that push data down fibre optic cables between AI chips, racks and whole data centres.
• Atreides Management, Valor Equity Partners and CapitalG, Alphabet’s growth fund, co-led the round.
• Existing investors Sutter Hill Ventures and Maverick Silicon also took part.
• Celero has now raised $415m in total.