Astera Labs

Astera Labs is a fabless semiconductor company that develops purpose-built data and memory connectivity solutions to remove performance bottlenecks throughout the data center.

Astera Labs strives to be a trusted partner for distributing data in intelligent systems.

Astera was founded in 2017 by Jitendra Mohan, Sanjay Gajendra and Casey Morrison. The company is headquartered in Santa, Clara, CA, with offices in Toronto, ON; Vancouver, BC; Taipei, Taiwan and China.


Astera has developed three class-defining, first-to-market products to enable higher bandwidth, increased memory capacity and robust connectivity for datacenters through Compute Express Link™ (CXL™), PCIe®, and Ethernet technologies.


Astera's newest product line – the Leo Memory Connectivity Platform – leverages the new CXL industry standard to support the transition to heterogeneous and composable architectures for next-gen data centers and enable mainstreaming of Artificial Intelligence and Machine Learning in the Cloud.


Astera partners with leading processor vendors, cloud service providers, seasoned investors, and world-class manufacturing companies, to help companies acclerate the true potential of applications such as artificial intelligence and machine learning.


Astera is backed by Fidelity Management & Research, Atreides Management, Intel Capital, Valor Equity, Sutter Hill Ventures, Avigdor Willenz Group, and others. The company raised $150M in Series D round on Nov 17, 2022. This brings Astera's total funding to $206.4M to date. The latest round mints Astera a unicorn with a valuation of $3.15B post-money.



  • Year founded: 2017
  • Funding Info: $206.4M over 4 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $3.15B as of Nov 17, 2022
  • City/Town: Santa Clara
  • State: California
  • Country: United States
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