Xsight Labs, an Israeli semiconductor company managed from Kiryat Gat that competes with Nvidia in connectivity solutions announced this afternoon that it had raised $300 million at a valuation of $2.8 billion. The round was led by Fidelity Management & Research Company with participation from Aliya Capital Partners, Atreides Management, Artisan Partners, Battery Ventures, Diagonal Capital, Intel Capital, Key1 Capital, Maverick Capital, Sienna, T. Rowe Price, Union Group, and Valor Equity Partners. Serial entrepreneur Avigdor Willenz was one of the initial investors in the company and serves as its chairperson. The timing of the announcement of the raise is also not coincidental: it comes a week after a successful joint trial of Xsight processors with SpaceX. This flexibility makes it suitable for use in space, where breakdowns occur that make control of the software a necessity.