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Hyperlume snapped up by San Jose-based Credo for undisclosed amount
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Ottawa-based Hyperlume, which develops optical interconnects for artificial intelligence (AI) data centres, has been sold to San Jose, Calif.-based semiconductor company Credo.
The deal comes approximately seven months after Hyperlume closed $12.5 million USD in seed funding to commercialize its technology.
RELATED: Hyperlume raises $17.8-million seed round to commercialize its AI data centre techData centre interconnects link two or more data centres together to share and transfer data over varying distances.
In the AI era, data centre use—and thus energy consumption—has skyrocketed.
Goldman Sachs expects that AI will drive a 165-percent increase in data centre power demand by 2030.