Astera Labs, a fabless chip startup, nabs $50M at a $950M valuation to remove bottlenecks in high-bandwidth cloud applications - NewsBreak

The Series C values the company at $950 million post-money, the company confirmed. Fidelity Management and Research is leading the round with Atreides Management and Valor Equity Partners — two other new backers — also participating, and previous investors Avigdor Willenz Group, GlobalLink1 Capital, Intel Capital, Sutter Hill Ventures, and VentureTech Alliance, also participating.