iPronics Raises $125 Million Series B for AI Data Center Optical Networking

AI data center optical interconnect company iPronics said it has completed a $125 million Series B financing round. According to ChainCatcher, Maverick Silicon and Light Street Capital co-led the round, with participation from Nvidia, Triatomic Capital, Bosch Ventures, Catalight Capital, and the European Innovation Council Fund. The company said its total financing has reached $177 million. iPronics provides rack-scale optical switching equipment for AI infrastructure and uses a programmable optical layer to let AI clusters adjust network connections in real time for training and inference workloads. The new capital will be used to expand operations and accelerate commercial deployment.