LightSpeedAI Labs raises new funding

LightSpeedAI Labs Pvt Ltd, a photonics and computing startup, on Tuesday said it has raised a new funding round led by early-stage investors YourNest Venture Capital and growX Ventures.

LightSpeedAI was founded last year by Rohin Y and PV Ramana. The company will use the fresh capital to build and deploy its product, LightCompute, said LightSpeedAI in a statement without disclosing the funding amount.

LightCompute is an optoelectronic processor for accelerating artificial intelligence and high-performance computing applications.