Nexthop AI Closes $500M Series B At $4.2B Valuation To Build Networking Infrastructure For AI Data Centers
Nexthop AI has raised $500 million in a Series B led by Lightspeed Venture Partners, with Andreessen Horowitz joining existing backers Altimeter Capital and Kleiner Perkins. The round values the Santa Clara-based company at $4.2 billion, less than a year after it emerged from stealth with $110 milli