Semiconductor and data technology provider Intel has led an $80m funding round for Israel-based data centre processor developer Xsight Labs through corporate venture capital subsidiary Intel Capital, Globes has reported.
The round also featured semiconductor technology producer Xilinx, Battery Ventures and Valor Equity Partners. A report by Calcalist claimed software provider Microsoft also participated, though that has not been confirmed by Xsight or Microsoft itself.
Intel Capital confirmed last week that it had invested in Xsight as part of a larger round, through an announcement stating that it has provided at least $132m in funding across a dozen companies so far this year.
Xsight is working on processor architecture designed to be used in high-speed transfer in data centres, specifically those powering large-scale applications in areas such as machine learning and artificial intelligence (AI), 5G and autonomous driving.
The company continues to operate in stealth mode and has not revealed further information about its technology.
Xsight has raised $100m in funding to date according to Globes, which named Microsoft as an existing investor along with Avigdor Vilentz, former chairman of AI chip developer Habana Labs, which was acquired by Intel for $2bn in December 2019.
Vilentz led a round of undisclosed size for the company before it added a similarly undisclosed sum in a second round co-led by Intel and Microsoft, according to Calcalist. Local media reports had previously named Microsoft unit M12 and Valor Equity Partners as investors prior to the latest round.
