Astera Labs, Inc.
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Headquarters in San Jose, California, in 2025 | |
| Public | |
| Traded as | NASDAQ: ALAB |
| ISIN | 🆔 |
| Industry | Semiconductors, Artificial intelligence |
| Founded 📆 | 2017 |
| Founder 👔 | |
| Headquarters 🏙️ | , San Jose, California , United States |
Area served 🗺️ | |
Key people |
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| Products 📟 |
|
| Revenue🤑 |  US$396.3 million (FY24) |
 -US$116.1 million (FY24) | |
| -US$83.4 million (FY24) | |
| Total assets | US$1.05 billion (FY24) |
| Total equity | US$964.8 million (FY24) |
| Members | |
Number of employees | 440 (FY24) |
| 🌐 Website | asteralabs.com/ |
| 📇 Address | |
| 📞 telephone | |
| Footnotes / references Financials as of fiscal year ended December 31, 2024[update] (FY24). References:[1] | |
Astera Labs, Inc. is an American multinational corporation and technology company headquartered in San Jose, California. It specializes in designing high-speed connectivity solutions for data centers and artificial intelligence (AI) infrastructure. The company develops semiconductor-based technologies and systems management software to enable rack-scale AI systems, integrating technologies such as Compute Express Link (CXL), Ethernet, PCI Express (PCIe), NVLink, and Ultra Accelerator Link (UALink). Since March 2024, Astera Labs has been listed on the NASDAQ.
History
Early history
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.[2] The trio quit their jobs to found the startup in Sanjay Gajendra's garage.[3][4] Their company set out to develop purpose-built connectivity solutions to remove performance bottlenecks in data centers.[5][6] Astera Labs adopted a fabless semiconductor model, outsourcing manufacturing to partners such as Taiwan Semiconductor Manufacturing Company Limited (TSMC).[7]
Funding history
In April 2020, Astera Labs closed its Series B funding with technology investors including Avigdor Willenz, Intel Capital, Ron Jankov, and Sutter Hill Ventures.[8] In September 2021, Astera Labs marked a significant milestone by raising $50 million in Series C funding led by Fidelity Investments.[9] The funding round allowed it to continue focusing on eliminating data bottlenecks in cloud and AI infrastructure.[10] A year later Astera Labs raised a fourth round of funding,[11] and launched two new design centers in Toronto and Vancouver.[12][13]
In 2023, the media began to report that Astera Labs was considering an IPO the following year.[14] The company finished the year reporting revenue of US$116 million, up from US$80 million the previous year.[15] Official confirmation came in early 2024 that Astera Labs would be listing shares publicly on the NASDAQ in March 2024 under the ticker symbol ALAB.[16][17][18]
Offices
In the summer of 2024, Astera Labs expanded operations in Taiwan to further strengthen collaboration with local server ODMs.[19] Astera Labs also opened a new research and development center in Bengaluru, India in September 2024.[20][21]In June 2025, Astera Labs relocated its headquarters to a larger campus in San Jose, California, tripling its headquarters' size to accommodate growth.[22][23][24] Astera Labs' global operations include offices in Austin, Bengaluru, Haifa, Seattle, Shanghai, Singapore, Taipei, Toronto, Vancouver, and Vietnam.[25][26]
References
- ↑ "Astera Labs, Inc. 10-K Report FY2024". U.S. Securities and Exchange Commission. December 31, 2024. Retrieved 2 September 2025.
- ↑ Feldman, Amy (August 16, 2022). "With Data Centers Expanding, Semiconductor Startup Astera Labs Is On Track For $100 Million In Revenue This Year". Forbes.
- ↑ "Behind the Bell: Astera Labs, Inc". YouTube. Nasdaq. 2 April 2024.
- ↑ Feldman, Amy (August 16, 2022). "With Data Centers Expanding, Semiconductor Startup Astera Labs Is On Track For $100 Million In Revenue This Year". Forbes.
- ↑ Wiggers, Kyle (May 12, 2020). "Intel Capital commits $132 million to 11 AI startups". VentureBeat.
- ↑ Feldman, Amy (August 16, 2022). "With Data Centers Expanding, Semiconductor Startup Astera Labs Is On Track For $100 Million In Revenue This Year". Forbes.
- ↑ Feldman, Amy (August 16, 2022). "With Data Centers Expanding, Semiconductor Startup Astera Labs Is On Track For $100 Million In Revenue This Year". Forbes.
- ↑ Black, Doug (April 24, 2020). "Astera Labs lands funding for purpose-built connectivity solutions". insideHPC.
- ↑ Chan, Rosalie (September 27, 2021). "A top exec at startup Astera Labs explains how it just hit a $950 million valuation in three years by building better connectivity for processors in the cloud". Business Insider.
- ↑ Lunden, Ingrid (September 27, 2021). "Astera Labs, a fabless chip startup, nabs $50M at a $950M valuation to remove bottlenecks in high-bandwidth cloud applications". TechCrunch.
- ↑ Takahashi, Dean (November 17, 2022). "Astera Labs raises $150M for chips that deliver AI in the cloud". VentureBeat.
- ↑ Snider, Shane (November 17, 2022). "Chip Startup Astera Labs Rockets To Over $3B Valuation After Funding Round". CRN.
- ↑ "Chipmaker Astera Labs valued at over $3 bln after latest fundraise". Reuters. November 17, 2022.
- ↑ Gould, Ryan (October 4, 2023). "Intel-backed Astera Taps Morgan Stanley, JPMorgan, for 2024 IPO". Bloomberg.
- ↑ "AI infrastructure firm Astera Labs prices IPO above target to raise US$713 million". The Straits Times. March 20, 2024.
- ↑ "Astera Labs seeks to raise around $713 mln in IPO at $5.5 bln valuation". Reuters. March 20, 2024.
- ↑ Hughes, Jennifer (April 20, 2024). "A boring IPO market is a good one — for now". Financial Times.
- ↑ Basil, Arasu (February 21, 2024). "Chipmaker Astera Labs reveals smaller annual loss in US IPO filing". Reuters.
- ↑ Liu, Jay (May 21, 2024). "Astera Labs steps up investment in Taiwan". DigiTimes.
- ↑ "How Astera Labs is driving AI and cloud innovation". The Economic Times. The Economic Times. 23 November 2024.
- ↑ "Astera Labs Opens New R&D Hub in Bengaluru to Drive AI and Cloud Innovation". Astera Labs. September 12, 2024.
- ↑ "Artificial intelligence company Astera Labs opens new building in San Jose". NBC Bay Area. July 18, 2025.
- ↑ "Astera Labs to triple the size of its Silicon Valley headquarters". The Real Deal. January 7, 2025.
- ↑ Gonzalez, Matthew (July 18, 2025). "Astera Labs unveils massive new San Jose HQ". Silicon Valley Business Journal.
- ↑ "Contact Us". Astera Labs.
- ↑ "Careers". Astera Labs.
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