Altair Leads Seed Funding for Xscape Photonics with $10 Million Investment
TROY, Mich., December 20, 2022 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computer science and artificial intelligence (AI), has invested $10 million in Xscape Photonics, a startup that has developed patented photonic chip technology for ultra-high-bandwidth connections within data centers and high-performance computing (HPC) systems.
Until now, computers have used a traditional electronic approach to move large amounts of data from chip to chip, which requires significant space and power and produces significant heat leading to performance challenges as HPC applications scale exponentially, especially in data science and AI. By applying innovative photonics technology, Xscape has developed a platform that connects various computing elements in an environmentally sustainable way while providing the highest possible performance. This new approach uses photonics to drastically reduce power consumption and heat production, while increasing the speed and power of communications, all to support the vast increase in the amount of data transferred from chip to chip, node to node, and more.
“This investment and collaboration with some of the world’s best innovators in photonics will enable us to remain at the forefront of such high-fidelity and advanced technologies that will help our customers solve their problems more efficiently as they move to the next generation hardware look. ,” said James R. Scapa, Founder and CEO, Altair. “In keeping with Altair’s history in embracing high-performance computing and connecting our software innovation to advances in HPC hardware, we will understand how our software can integrate with such technologies in the future, enabling us set to continue to push the boundaries of technology and help our customers accelerate their pace of innovation.”
The potential for photonics is significant as high-speed data transfer is also relevant for software that facilitates simulation, HPC, AI and machine learning. In the future, more simulation and computing power will be needed to enable greater analysis, more sustainable productivity, reduced costs, better products and faster time-to-market. Shifting to photonics will enable organizations in all sectors – including hardware, software and product development companies – to accelerate their pace of innovation.
Xscape Photonics is led by Columbia University professors and world-leading researchers in photonics, including:
- Alexander Gaeta – chief executive officer and co-founder; David M. Rickey Professor of Applied Physics at Columbia University and world leader in nonlinear photonics
- Keren Bergman – co-founder; professor at Columbia Universityand world leader in photonic architectures for computing
- Michael Lipson – co-founder; professor at Columbia Universityworld leader in silicon photonics, and MacArthur Fellow
- Vivek Raghunathan – co-founder; senior principal engineer, product architecture, Silicon Photonics foundation team at Broadcom; led Intel’s first SiPh product ramp
- Yoshi Okawachi – co-founder; research scientist at Columbia University and a world leader in photonic frequency comb technology
“We are proud to reinvent the future of computing by developing the most energy-efficient, high-bandwidth and high-performance photonics technology that can scale in a sustainable way while meeting the demands of the future,” said Gaeta. “The investment and relationship with Altair will allow us to push the boundaries of our platform and integrate it with the world’s best simulation, HPC and AI software to help customers in all industries take their innovations to new heights. take.”
As part of the investment, Scapa will assume a seat on Xscape Photonics’ board of directors and Altair will also secure a seat on the board of observers.
For more information about Xscape Photonics, visit https://www.xscapephotonics.com/.
Altair is a world leader in computer science and artificial intelligence (AI), providing software and cloud solutions in simulation, high performance computing (HPC), data analytics and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world—all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.