AI Chip Startup Celero Raises $275 Million

AI chip startup Celero Communications has secured $275 million in funding, reaching a valuation of over $3 billion. The round was co-led by Atreides Management, Valor Equity Partners, and CapitalG. Founded in 2024, Celero develops coherent digital signal processors (DSP) for optical data transmission in AI systems to improve efficiency in large-scale AI chip clusters.