Network chip manufacturer Celero Communications raised $275 million at a valuation of over $3 billion to meet the need for AI data centers to improve efficiency. The financing was led by CapitalG, Atreides Management, and Valor Equity Partners, the divisions of Google's parent company Alphabet Ventures.

Network chip manufacturer Celero Communications raised $275 million at a valuation of over $3 billion to meet the need for AI data centers to improve efficiency. The financing was led by CapitalG, Atreides Management, and Valor Equity Partners, the divisions of Google's parent company Alphabet Ventures.