Nexthop AI raises $500M at $4.2B valuation
Nexthop AI, which builds networking gear for AI data centres, has banked $500 million in a Lightspeed-led round valuing it at $4.2 billion, and showed off three new switches.
Company
Every investor coverage indicates participated in a round Cisco raised.
Companies Cisco acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Joe Iavarone | Global Program Management Roles (former) | Australian FinTech |
| Kelly Steckelberg | Senior Director in Consumer Finance (former) | Startup Daily |
| Markus Borlinghaus | Wholesale Investor (3 Mar 2022), Wholesale Investor (11 Feb 2022) | |
| Richard Hsu | Software Engineer (former) | Afterwork Ventures portfolio |
Stories naming Cisco. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Nexthop AI, which builds networking gear for AI data centres, has banked $500 million in a Lightspeed-led round valuing it at $4.2 billion, and showed off three new switches.
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