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Lumai, an Oxford spinout and AI accelerator startup, raises $10M+ to cut AI compute costs with optical acceleration - Tech Startups

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As AI models get bigger and more power-hungry, data centers struggle to keep up. The cost of training and running large language models (LLMs) keeps climbing, and silicon chips are hitting performance limits. With U.S. data center energy use expected […] The post Lumai, an Oxford spinout and AI accelerator startup, raises $10M+ to cut AI compute costs with optical acceleration first appeared on Tech Startups.

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Lumai, an Oxford spinout and AI accelerator startup, raises $10M+ to cut AI compute costs with optical acceleration - Tech Startups

1 day ago

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AiThority

Lumai Secures More Than $10Million Investment to Slash AI Processing Costs, Boost Performance and Improve Data Center Sustainability

Optical Processing Breakthrough Addresses Limitations of AI Compute Lumai, an AI accelerator startup using optics to address global computational challenges, today announced that it has secured more than a $10 million investment. Lumai’s revolutionary optical computing technology will help AI data centers dramatically reduce costs and boost performance – while simultaneously minimizing energy consumption. The round was led by VC investor Constru…

16 hours ago

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Unite.AI

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thedigitalinsider.com

Lumai Raises $10M+ to Revolutionize AI Compute with Optical Processing

In a major leap forward for the future of artificial intelligence infrastructure, Lumai, the Oxford-born startup pioneering 3D optical computing, has raised more than $10 million in a fresh funding round. The investment — led by deep tech-focused Constructor Capital and backed by notable names such as IP Group, PhotonVentures, Journey Ventures, LIFTT, Qubits Ventures, State Farm Ventures, and TIS Inc. — signals growing confidence in a technolog…

1 day ago

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FinSMEs

Lumai Raises Over $10M in Funding

Lumai, an Oxford, UK-based AI accelerator startup using optics to address global computational challenges, raised over $10M in funding. The round was led by Constructor Capital, with participation from existing investor IP Group, alongside new investors PhotonVentures, Journey Ventures, LIFTT, Qubits Ventures, State Farm Ventures, and TIS Inc. The company intends to use the funds to advance product development, doubling its headcount, and […] Th…

1 day ago

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