Astera Labs, the industry leader for connectivity solutions for intelligent systems, today shared its progress and momentum to position the company for its next phase of growth. Astera Labs closed its Series-D funding round, expanded its board of directors, added new product lines to its portfolio, and grew its presence globally with new locations and an increased employee base.

In its Series-D funding round led by Fidelity Management and Research, Astera Labs raised $150M with a $3.15B valuation. Fidelity was joined by other existing investors, including Atreides Management, Intel Capital, and Sutter Hill Ventures.

Astera Labs is a leader in purpose-built data and memory connectivity solutions to remove performance bottlenecks throughout the data center. With locations worldwide, the company's silicon, software, and system-level connectivity solutions help realize the vision of Artificial Intelligence and Machine Learning in the Cloud through CXL™, PCIe®, and Ethernet technologies.