Nexthop AI Announces $110M Financing Led by Lightspeed

Gunderson Dettmer represented client Nexthop AI, a company building an AI infrastructure for the world’s cloud companies, who announced its launch from stealth and its $110 million financing led by Lightspeed Venture Partners with participation from Kleiner Perkins, Battery Ventures, Westbridge Capital, and Emergent Ventures.

In the announcement of the transaction, CEO of Nexthop AI Anshul Sadana said, “Hyperscalers need the ecosystem to innovate with them to accelerate their infrastructure deployments. Nexthop AI is a force-multiplier, as it partners with and works as an extension of the cloud companies’ engineering teams. This disruptive model enables cloud companies to build the most cost and power efficient AI solutions.”

The Gunderson deal team was co-led by Andy Bradley and Ibrahim Elshamy and included Aaron Fiske, Yeji Han, Alan Gao and Killian McDonald.

Companies
Nexthop AI
Lightspeed Venture Partners
Kleiner Perkins
Battery Ventures
Westbridge Capital
Emergent Ventures