 | |
| Company type | Public |
|---|---|
| Nasdaq: ALAB | |
| Industry | Fabless Semiconductors, Artificial intelligence |
| Founded | 2017 |
| Headquarters | San Jose, California , United States |
Key people | Jitendra Mohan (co-founder & CEO) |
| Website | asteralabs.com/ |
Astera Labs is an American fabless semiconductor manufacturer and artificial intelligence company, The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. Since March 2024 Astera have been listed on the NASDAQ.
Astera Labs was founded in 2017 in Santa Clara, California by Jitendra Mohan, Sanjay Gajendra, and Casey Morrison. While working at Texas Instruments Incorporated, the cofounders observed that existing data center connectivity technologies were not keeping pace with advancements in AI and machine learning. [1] The trio quit their jobs to found the startup in Sanjay Gajendra's garage. [1] Their company set out to develop purpose-built connectivity solutions to remove performance bottlenecks in data centers. [2] [1] Astera Labs adopted a fabless semiconductor model, outsourcing manufacturing to partners such as Taiwan Semiconductor Manufacturing Company Limited (TSMC). [1]
In September 2021, Astera Labs marked a significant milestone by raising $50 million in Series C funding. [3] The funding round would allow them to continue focusing on eliminating data bottlenecks in cloud and AI infrastructure. [4] A year later they raised via a fourth round of funding, [5] and launched two new design centers in Toronto and Vancouver. [6] [7]
In 2023, the media began to report that Astera Labs were considering an IPO the following year. [8] The firm finished the year reporting revenue of US$116 million, rising from US$80 million the previous year. [9] Official confirmation came in early 2024 that Astera would be listing shares publicly on the NASDAQ in 2024. [10] [11] Initially this was due to its valuation of $5.5 billion, [12] but soon the media coverage began to focus on the increasing share price. [13] Following the company's IPO, the share price rose and continued to perform well. [14] [15] [16] [17]
Funds raised from the IPO began to be invested in expansion from the summer of 2024. One such example was the expansion of operations in Taiwan to further strengthen collaboration with local server ODMs. [18] Astera finished the year by reporting it would be opening a new research and development center in Bengaluru, India at the end of 2024. [19] In June 2025, Astera Labs relocated its headquarters to a larger campus in San Jose, California, tripling its headquarters' size. [20] [21] [22]
