Artificial intelligence infrastructure provider Nexthop AI has successfully completed a $110 million funding round, which was spearheaded by Lightspeed Venture Partners. This significant investment also saw contributions from notable firms such as Kleiner Perkins, WestBridge Capital, Battery Ventures, and Emergent Ventures.

Innovative Networking Solutions for Hyperscalers

Nexthop AI specializes in delivering tailored networking solutions for hyperscalers, including custom-designed networking hardware and an option to choose from various network operating systems integrated with the company’s proprietary AI technology.

“Hyperscalers need the ecosystem to innovate with them to accelerate their infrastructure deployments,” said Anshul Sadana, CEO of Nexthop AI. “Nexthop AI is a force-multiplier, as it partners with and works as an extension of the cloud companies’ engineering teams. This disruptive model enables cloud companies to build the most cost- and power-efficient AI solutions.”

Recent Activity from Lightspeed Venture Partners

Lightspeed Venture Partners has been particularly active in the investment landscape recently. This February, they co-led a $110 million Series B funding round for K2 Space alongside Altimeter Capital and participated in various other high-profile investment rounds. Highlights include:

• $600 million Series C for autonomous surface vessels maker Saronic.
• $250 million round for medical documentation startup Abridge.
• $100 million Series D for application security company Semgrep.

Moreover, Lightspeed led a substantial $3.5 billion funding round for Anthropic, placing the startup’s valuation at an impressive $61.5 billion, and co-led a $105 million Series A for Reflection.AI, a firm focused on developing advanced AI systems.