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Artificial intelligence Startups Venture

Nexthop AI Locks up $110M Led by Lightspeed

Startup Money.

Artificial intelligence infrastructure provider raised a massive $110 million round led by .

The fresh round also included participation from , , and .

Nexthop AI builds custom networking solutions for the hyperscalers, including networking hardware designed to each customers specifications and a choice of a network operating system with the companys own AI.

Hyperscalers need the ecosystem to innovate with them to accelerate their infrastructure deployments, said CEO . 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.

Lightspeed speeds up

has been busy the last month-plus.

In February, the VC giant co-led satellite platform developer s $110 million Series B with . It also participated in a slew of big rounds, including autonomous surface vessels maker s $600 million Series C, medical document startup s $250 million round, and application security startup s $100 million Series D.

This month, it led s huge $3.5 billion funding round that valued the startup at $61.5 billion. Lightspeed also co-led s $105 million Series A announced this month. Reflection AI is developing superintelligence, what it calls an AI system capable of performing most work that involves a computer.

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