Aries Smart Retimers gaining significant industry traction with cloud and HPC customers; Sutter Hill Ventures and Intel Capital investments boost market momentum, new product development.

Astera Labs, a pioneer in connectivity solutions for intelligent systems, today announced that it has closed its Series B funding with renowned technology investors including Sutter Hill Ventures, Intel Capital, Avigdor Willenz, and Ron Jankov. This investment round, along with a strategic collaboration with TSMC for manufacturing, positions Astera Labs to rapidly scale production of its Aries Smart Retimer, the world's first Smart Retimer Portfolio for PCI Express® (PCIe®) 4.0 and 5.0 solutions, and to accelerate development of additional product lines for Compute Express Link™ (CXL) solutions.

"We are very proud of the significant industry traction for our Aries Smart Retimer Portfolio which has been extensively tested with all major CPU, GPU and PCIe 4.0 endpoints," said Jitendra Mohan, CEO, Astera Labs. "We look forward to accelerating this momentum by partnering with such a distinguished group of technology and manufacturing heavyweights to develop purpose-built connectivity solutions for data-centric systems."

Watch Astera Labs' overview video here.

Highlights

About Astera Labs

Astera Labs Inc., a fabless semiconductor company headquartered in the heart of California's Silicon Valley, is a leader in purpose-built connectivity solutions for data-centric systems. The company's product portfolio includes system-aware semiconductor integrated circuits, boards and services to enable robust PCIe connectivity. Partnering with leading processor vendors, cloud service providers, seasoned investors and world-class manufacturing companies, Astera Labs is helping customers remove performance bottlenecks in compute-intensive workloads. For more information about Astera Labs including open positions, visit www.AsteraLabs.com.

PCI Express and PCIe are trademarks or registered trademarks of PCI-SIG.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200422005174/en/

Joe Balich astera@nereus-worldwide.com