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Fidelity Leads $150 Million Series D Fund for Astera Labs

fidelity investments

Santa Clara, California-based company Astera Labs has raised a $150 million Series D funding round led by Fidelity Management and Research, which has valued the company at close to $3.2 billion.

Astera Labs last raised a $50 million Series C, which was also led by Fidelity Management and Research, back in September of 2021, and at that time they valued the company at a whopping $950 million.

Investors such as Atreides Management, Intel Capital and Sutter Hill Ventures also participated.

“This latest funding round is a testament that we are not only invested in the right growth markets such as cloud, artificial intelligence/machine learning and hyperscale infrastructure, but that we are also able to consistently execute and deliver breakthrough connectivity products that are critical to our customers and partners,”  CEO Jitendra Mohan said in a release.

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