iPronics, a pioneer in silicon photonics-based optical circuit switching for AI infrastructure, has announced US$125 million in Series B funding co-led by Maverick Silicon and Light Street Capital. NVIDIA joined the round, with participation from new and existing investors including Triatomic Capital, Bosch Ventures, Catalight Capital, European Innovation Council Fund, the Tate Family Trust, Fine Structure Ventures, Amadeus Capital Partners, Build Collective, and Criteria Venture Tech. Today’s Series B brings the company’s total funding to US$177 million.
Latham & Watkins LLP represented Maverick Silicon in the transaction with a corporate deal team led by partners John Miller and Haim Zaltzman, with associates Mason Taylor and Samantha McGarvey. Advice was also provided on Spanish law matters by partner Jose Antonio Sánchez-Dafos and counsels Carmen Esteban and Ori Assa, with associates Elena Martínez de Luco and Jimena Calleja; on tax matters by partner Jordi Domínguez and Bora Bozkurt, with associates Farrah Yan, María Goñi, and Juan Rodríguez; on data privacy matters by partner José María Alonso, with associate Telmo Iriondo and Jack Bergantino; and on restructuring matters by partner Pedro de Rojas.
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