Nexthop AI raises $110 million in funding as the AI infrastructure company emerges from stealth mode, with Lightspeed Venture Partners leading the round. Based in Santa Clara, the company also has operations in Bengaluru. Kleiner Perkins, WestBridge Capital, Battery Ventures, and Emergent Ventures also participated in the funding round. This investment will accelerate the development of Nexthop AI’s advanced networking solutions for cloud and hyperscale AI clusters.
“The world’s largest cloud providers need a new generation of networking capabilities to keep pace with the demands of AI workloads,” said Guru Chahal, partner at Lightspeed Venture Partners. “Nexthop AI is filling a critical gap in this $35 billion market with its deep domain expertise, pioneering technology and customized solutions, positioning the company as the go-to partner for leading cloud providers seeking to seize the AI revolution.”
Nexthop AI focuses on creating tailored networking solutions for hyperscalers, seamlessly integrating them into their optimized cloud stacks. This involves designing networking hardware according to each customer’s specifications, providing a network operating system of their choice that Nexthop AI fortifies, and offering pre-tested optical and electrical interconnects sourced from the customer’s diverse supply chain.
“Hyperscalers need the ecosystem to innovate with them to accelerate their infrastructure deployments,” said Anshul Sadana, CEO of Nexthop AI. “Nexthop AI is a force-multiplier, as it partners with and works as an extension of the cloud companies’ engineering teams. This disruptive model enables cloud companies to build the most cost and power-efficient AI solutions.”
Nexthop AI’s successful funding round marks a significant milestone in the company’s journey to revolutionize networking solutions for hyperscale AI clusters. With $110 million in backing from prominent investors, the company is poised to accelerate the development of its cutting-edge technologies, further solidifying its position as a leader in AI infrastructure. As it expands its operations across key global markets, Nexthop AI is set to drive innovation in cloud computing and AI networking.
