Latham & Watkins Represents Celestial AI in US$250 Million Series C1 Funding Round

Celestial AI™, creator of the Photonic Fabric™ optical interconnect technology platform, has announced that it has raised US$250 million in its Series C1 funding round led by Fidelity Management & Research Company, bringing the total capital raised to date to more than US$515 million. In addition to Fidelity Management & Research Company, new investors include funds and accounts managed by BlackRock, Maverick Capital, Tiger Global Management, and Lip-Bu Tan, as well as participation from existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly owned subsidiary Xora Innovation, Porsche Automobil Holding SE, and The Engine Ventures.

Latham & Watkins LLP represents Celestial AI in the transaction with a corporate deal team led by Bay Area partner Jim Morrone, with associates Omar Ammash, Erica Kucharski, and Lou Jeffers. Advice was also provided on tax matters by Bay Area partner Jay Metz; on CFIUS matters by Washington D.C. partner Jim Barker, with associate Asia Cadet; and on IP matters by Bay Area partner Anthony Klein.