Xsight Labs Raises More than 2.8 Billion Valuation to Power Next-Generation AI and Cloud Networks
SAN JOSE, Calif. and TEL AVIV, Israel, July 30, 2026 /PRNewswire/ — Xsight Labs, a fabless semiconductor company providing intelligent connectivity solutions for next-generation hyperscale, edge, and AI data center networks, today announced the closing of a 2.8 billion post-money valuation. The round was led by Fidelity Management & Research Company with participation from new and existing investors.
CEO Yossi Meyouhas: valuation reflects market need for a high-performance alternative to closed, legacy architectures.
Products / traction
E1 Data Processing Unit (DPU) and X2 switch selected by multiple global network operators; under evaluation in Tier-1 hyperscaler labs; growing design wins across service providers and OEMs.
Highlights claimed:
- E1: first 800G DPU to ship; SONiC-DASH Hero 800G validation; >14M connections/sec; inline AES-GCM/XTS; 64 Arm Neoverse N2 cores in data path; native Linux/DPDK/SONiC; sub-75W footprint
- X2: programmable 12.8 Tbps Ethernet switch via XISA; SONiC integration; under 200W; sub-700ns latency; ~40% lower power vs legacy 12.8 Tbps switches
Use of capital
Multi-generational switch/DPU roadmap including Ultra Ethernet Consortium (UEC) standards; grow engineering/support in US, Israel, Europe, Asia; scale manufacturing and Tier-1 delivery.
Investors
Led by Fidelity Management & Research Company. Participants include 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.
Founded 2017; HQ Tel Aviv; offices in Kiryat Gat, Haifa, Boston, Raleigh, San Jose, Yerevan.