Observed Signal · Nov 20, 2025 · Funding · Source: Trending Topics · Impact: 3/5 · Sentiment: Positive
Spanish Startup iPronics Raises $125M in Series B
Spanish startup iPronics, based in Valencia, has raised $125 million in a Series B funding round led by Maverick Silicon and Light Street Capital, with participation from Nvidia and other investors. The company develops optical circuit switches for data centers, which are designed to improve network resilience and reduce power consumption in AI clusters. The funding will be used to miniaturize the hardware, expand operations, and accelerate commercialization. iPronics was founded in 2019 as a spin-off from the Technical University of Valencia and has now raised a total of $177 million.
Large funding round for AI infrastructure hardware, indicating momentum in optical switching technology for data centers.
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Key Takeaways & Evidence Grounding
- iPronics raised $125 million in Series B funding.
- The round was led by Maverick Silicon and Light Street Capital.
- Nvidia participated in the round.
- iPronics develops optical circuit switches (OCS) for AI data centers.
- The company's ONE-32 switch offers low latency and reduced power consumption.
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