Nexthop AI Launches from Stealth with $110M Funding
Deal News | Mar 25, 2025 | Battery Ventures
Nexthop AI has publicly launched with $110 million in funding to develop AI infrastructure for major cloud providers. The funding, led by Lightspeed Venture Partners and supported by investors including Kleiner Perkins and Battery Ventures, will accelerate Nexthop AI's development of networking solutions tailored for AI clusters. As cloud providers scale up their AI operations, Nexthop AI offers crucial networking capabilities through customized hardware and software solutions, prepared to meet the high demands of AI data centers. By collaborating closely with hyperscalers, Nexthop AI aims to provide cost-effective and efficient solutions that integrate into existing cloud infrastructure, supporting the ongoing evolution of AI technologies.
Sectors
- Artificial Intelligence
- Cloud Computing
- Venture Capital
Geography
- United States – Nexthop AI is headquartered in Santa Clara, California, with additional locations in Seattle and Vancouver.
- India – Nexthop AI has a presence in Bengaluru, highlighting its global operational scope.
Industry
- Artificial Intelligence – Nexthop AI operates in the AI sector, developing infrastructure solutions for AI data processing.
- Cloud Computing – Nexthop AI serves major cloud providers, helping them scale and optimize AI workloads.
- Venture Capital – Involvement of multiple venture capital firms, including Lightspeed Venture Partners, in funding Nexthop AI.
Financials
- $110 million – Total funding raised by Nexthop AI in the latest round.
- $35 billion – Market size relevant to Nexthop AI's services.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexthop AI | Target Company | Company | A company providing AI infrastructure solutions for large cloud providers. |
| Battery Ventures | Investor | Company | A private equity and venture capital firm investing in Nexthop AI. |
| Lightspeed Venture Partners | Lead Investor | Company | A VC firm leading the $110M round for Nexthop AI. |
| Kleiner Perkins | Investor | Company | An established venture capital firm participating in the funding round. |
| WestBridge Capital | Investor | Company | A private equity firm investing in Nexthop AI. |
| Emergent Ventures | Investor | Company | A venture firm supporting the funding of Nexthop AI. |