Spanish startup iPronics has raised $125 million in a Series B round led by Maverick Silicon and Light Street Capital, with Nvidia also participating. The Valencia-based company says the funding will help it speed up deployment of its programmable optical switching technology for AI data centers.
Founded in 2019 as a spin-off from the Universitat Politècnica de València, iPronics is positioning itself around optical networking infrastructure designed for the growing demands of AI workloads. The company’s core technology focuses on programmable optical switching, an approach intended to improve how data is routed inside data centers as AI systems require ever higher bandwidth and lower latency.
The new capital and Nvidia’s involvement underscore investor interest in optical networking as a potential bottleneck-solving layer for AI infrastructure. For iPronics, the round provides both financial backing and strategic validation as it moves to scale a technology aimed at next-generation AI data centers.