Following this acquisition, Nokia will overtake Ciena and become second major player in the optical networking market just behind Huawei
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This round’s noteworthy investors include former PayPal CEO Peter Thiel and Replit CEO Amjad Masad.
A major software and robotics company in San Francisco called Bright Machines has raised $106 million in a Series C funding round. Big names in the industry, like Nvidia and Microsoft, put money into this round. Venture capital company Eclipse Ventures, robotics maker Jabil, and asset management firm BlackRock also put money in. Also, Bright Machines got $20 million in debt financing from J.P. Morgan, the company said on Tuesday.
The collaborative project focuses on creating a 5-nanometer application-specific integrated chip (ASIC) that complies with US export laws. The manufacturing would be outsourced to Taiwan’s TSMC, the sources said.