Celestial AI has been acquired by Marvell. This exit carries particular significance for us here at imec.xpand. We were the first institutional investor, backing Celestial AI at the seed stage in 2020, long before hardware for AI came on everyone’s radar.
A few things that truly made the difference:
🔹 Exceptional execution - Under David Lazovsky’s outstanding leadership, the team delivered at every stage and built a category-defining company in one of the most competitive corners of the semiconductor industry.
🔹 Deep partnership - Celestial AI was first introduced to us by imec, whose early contributions played a critical role in shaping the company’s foundational technology. Celestial AI would not be what it is today without imec's insights and support.
🔹 Early backing - We invested when the company was little more than a bold idea backed by a compelling vision. Today’s outcome underscores the value of spotting breakthrough technologies early and supporting them from day one.
More information can be found in Marvell's press release.