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Lightmatter

United States

About Lightmatter

Lightmatter is a pioneering deep-tech hardware company revolutionizing computing through advanced photonic technology. Founded in 2017 as a spinout from MIT, Lightmatter has developed two flagship products: the Envise photonic processor and the Passage photonic interconnect system. Envise utilizes light instead of electricity to perform AI computations, offering significantly faster processing speeds and lower power consumption compared to traditional chips. Meanwhile, Passage enables high-speed data transfer between processors in large computing clusters, making it ideal for data centers aiming to build expansive AI systems.

With a remarkable valuation of $4.4 billion as of October 2024, following a successful $400 million Series D funding round, Lightmatter has raised a total of $850 million since its inception. The company’s strategic focus on securing large deals with major cloud providers and AI companies sets it apart from competitors, allowing it to scale effectively through high-value partnerships. Unlike other players in the photonic space, Lightmatter offers a full-stack solution that includes both photonic chips and the necessary laser systems, enhancing its appeal to data center operators.

As demand for AI computing continues to surge, Lightmatter is well-positioned to capture significant market share in the multi-billion dollar AI networking sector. The company envisions expanding its photonic technology into adjacent markets, including telecommunications and high-frequency trading, paving the way for a transformative impact on the future of computing.

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Frequently Asked Questions

How would the investment be structured?

When investment opportunities become available for Lightmatter, they would typically be structured through US-based, bankruptcy-remote Delaware SPVs. As an investor, you would become a limited partner in a fund that indirectly holds shares of the company. This page is for expressing interest in future opportunities, not for making actual investments.

Why can't I invest in Lightmatter directly?

Direct investment into high-demand private companies like Lightmatter often requires $50M+ in capital. Our SPV structure gives you access at lower minimums by pooling capital and investing through intermediaries that already hold equity.

What is the minimum investment amount?

The minimum investment typically starts from $10,000, though it may vary depending on the deal size and available allocations.

When will I receive units for my investment?

Once the SPV is fully funded and the shares are secured, units will be allocated to your account and you'll be notified. This typically takes 2–3 weeks post close date.

What are the exit options or liquidity paths?

Liquidity is not guaranteed. However, exits may occur through the following avenues:
(a) resale through our partner's Alternative Trading System (ATS) after a holding period,
(b) secondary market transactions,
(c) a future IPO of Lightmatter or its subsidiaries, or
(d) an acquisition of the company.

What are the risks of investing in Lightmatter?

Key risks include equity risk (share value decline) and liquidity risk (limited tradability of private shares). As with any private market investment, capital loss is possible.

What are the tax implications?

Taxation is treated the same as investing in US-listed stocks. Long-term capital gains (after 24 months) are taxed at 12.5%. Short-term gains are taxed as per your income tax slab.

Under which regulatory framework does this investment fall?

All investments are made through SEC-compliant SPVs under Regulation S. The structure is similar to those used by leading US platforms like EquityZen and Forge.

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Funding Rounds

No funding rounds data available

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