Xsight Labs, a fabless semiconductor company making data center switches and processors, closed a $300+ million funding
Xsight Labs announced the closing of a $300 million plus funding round establishing a $2.8 billion post-money valuation on July 30, 2026. The round was led by Fidelity Management & Research Company with participation from new and existing investors including 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.
CEO Yossi Meyouhas said in a statement: "This valuation is a testament to the team's relentless execution and reflects the market need for a high-performance alternative to closed, legacy architectures. We are grateful to our investors, new and longstanding, for the confidence they continue to place in this team."
The funding follows rapid commercial expansion. Xsight Labs' E1 Data Processing Unit and X2 switch have been selected by multiple global network operators for next-generation edge and network infrastructure. The company's silicon is also under evaluation at Tier-1 hyperscalers and has secured design wins across service providers and original equipment manufacturers.
The company positions itself as the only semiconductor maker shipping both high-end data processing units and Ethernet switches that are fully programmable and open. According to the release, these products address unprecedented scale, latency, and power constraints facing operators at the edge and in data centers.
Xsight Labs will use the new capital to accelerate its multi-generational switch and DPU roadmap including support for Ultra Ethernet Consortium standards, expand engineering and customer support teams across the US, Israel, Europe, and Asia, and scale manufacturing and supply chain operations to support high-volume customer orders from Tier-1 operators.
Founded in 2017, the company is headquartered in Tel Aviv with offices in Kiryat Gat and Haifa in Israel and in Boston, Raleigh, and San Jose in the United States, plus Yerevan, Armenia.