iPronics invests in Light Street Capital
Funding Provisional 90% confidence first seen
iPronics, a Valencia-based photonics startup, announced a $125 million Series B round led by Maverick Silicon and Light Street Capital, with Nvidia participating. The coverage states Light Street Capital co-led the investment and that the funding will be used to shrink iPronics’ optical circuit switch hardware by roughly 20x, supporting commercialization and scaling of its rack-mounted ONE-32 switch products. This matters because improving optical AI interconnect density and performance can help data centers scale communication-heavy AI clusters more efficiently.
The deal
iPronics $125 million Series B · announced 2 Sep 2026
Investors NVIDIA Maverick Silicon Light Street Capital
Deal terms as reported in the coverage below.