Israeli chip co Xsight Labs raises $116m
Xsight Labs seeks to redesign the foundation of cloud infrastructure by delivering a broad portfolio of products that enable end-to-end connectivity.
Israeli fabless semiconductor company Xsight Labs has come out of stealth and announced that it has raised $116 million to date from Intel Capital, Microsoft M12, Xilinx, Battery Ventures, Valor Equity Partners, Atreides Management and others.
Xsight Labs was founded in 2017 by a group of former employees of EZchip - CEO Guy Koren, Switch GM Erez Sheizaf, and CTO Gal Malach - who left the company when it was sold to Mellanox for over $800 million. A founding investor in the company is Israeli serial entrepreneur Avigdor Willenz, who founded Galileo Technology, which was acquired by Marvell in 2001 for $2.7 billion. His other ventures included Annapurna Labs, acquired by Amazon in 2015, Leaba Semiconductor, acquired by Cisco in 2016; and Habana Labs, acquired by Intel for $2 billion in 2019.