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- CSpeed
CSpeed Funding, Investors & Competitors
CSpeed has raised $173M across 2 funding rounds, most recently a $145M Series C in September 2026.
Last CSpeed funding round
$145M
Series C · Sep 2026
Cumulative funding CSpeed raised
$173M
across 2 funding rounds
Key investors in CSpeed
Intel Capital
Valor Equity Partners
NVIDIA
Sutter Hill Ventures
Premji Invest
Atreides Management
Maverick Silicon
About CSpeed
CSpeed is a low-latency network connectivity provider based in Chicago that delivers direct market access and colocation services to financial trading firms through its datacenter interconnect platform. The company operates points of presence in major exchanges like CME Globex, NYSE, and Nasdaq, offering 10Gbps to 400Gbps Ethernet links with sub-microsecond latencies. CSpeed's fabric supports algorithmic trading, microwave wireless backhaul between Chicago and New Jersey, and cross-connects to cloud providers such as AWS Direct Connect.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Sectors
CSpeed Funding History
CSpeed has raised a total of $173M across 2 funding rounds.
CSpeed's first fundraising round was a $28M undisclosed-stage round in December 2024. The most recent completed round was a $145M Series C in September 2026.
CSpeed funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2026 | Series C | Atreides Management (lead); Premji Invest (lead); Valor Equity Partners (lead); NVIDIA; Sutter Hill Ventures; Maverick Silicon; Intel Capital | $145M | CScale, a Palo Alto-based startup developing optical interconnect technology for AI data centers and large-scale compute clusters, closed a $145 million Series C round in September 2026. Atreides Management led the round, with Valor Equity Partners and Premji Invest acting as co-leads. NVIDIA and Intel Capital participated as the company’s first strategic investors, while existing backers Sutter Hill Ventures and Maverick Silicon also joined. The financing brought CScale’s total funding to $188 million and was announced as the company exited stealth. The round supports development and commercialization of CScale’s integrated light engine and optical interconnect platform, designed to enable high-bandwidth, ultra-low-latency connections so that thousands of accelerators can operate together as a single coherent system. The company emphasized reliability features that contain optical failures without interrupting compute workloads and stated plans to ship chips by 2028. CScale was founded in 2023 and has approximately 85 employees. CEO Martin Lund previously led Broadcom’s switching business and Cisco’s Common Hardware Group; CTO Sanjai Kohli co-founded SiRF Technology and Inovi. |
| Dec 2024 | Undisclosed stage | - | $28M | CSpeed raised a Series B funding round of $28.35M on December 2, 2024, led by Sutter Hill Ventures, which also participated in its prior Series A round on April 26, 2023. Total funding across two rounds amounts to $43.35M. |
Who has invested in CSpeed?
7 investors have backed CSpeed across its funding rounds, including Intel Capital, Valor Equity Partners, NVIDIA, Sutter Hill Ventures, Premji Invest and Atreides Management.
Lead investors include Atreides Management, Premji Invest and Valor Equity Partners.
CSpeed Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Lead | Sep 2026 | ||
| 1 | Lead | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
This data is available for Pro users. Sign up to see all 7 CSpeed investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCSpeed Competitors
CSpeed competitors include listed companies like Bharti Airtel, Equinix, American Tower and Motorola, and private ones like FirstEnergy Transmission and ICEYE.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $22B | $12B | $140B | 6.4x | ||
| Publicly listed | $9.2B | $3.9B | $100B | 12.1x | ||
| Publicly listed | $11B | $6.2B | $88B | 12.5x | ||
| Publicly listed | $12B | $3.5B | $85B | 7.4x | ||
| Private | $1.9B | - | $12B | 6.3x | ||
| Private | $289M | $115M | $12B | 40.3x |
CSpeed Public Comps
CSpeed is still privately-owned, but its public comps include Bharti Airtel, Equinix, American Tower, Motorola, Digital Realty Trust, Nokia, Telstra, Crown Castle, Ciena and Ericsson.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $22B | $12B | 7.0x | 6.4x | 12.9x | 11.3x | |||
| $9.2B | $3.9B | 13.4x | 12.1x | 31.5x | 23.7x | |||
| $11B | $6.2B | 12.9x | 12.5x | 22.0x | 18.9x | |||
| $12B | $3.5B | 8.1x | 7.4x | 26.8x | 21.1x | |||
| $6.1B | $3.7B | 14.5x | 12.5x | 24.1x | 23.4x | |||
| $22B | $2.1B | 1.9x | 1.8x | 20.0x | 12.7x | |||
| $16B | $5.6B | 3.4x | 3.2x | 9.5x | 8.4x | |||
| $4.3B | $2.7B | 14.2x | 14.9x | 22.3x | 22.2x | |||
This data is available for Pro users. Sign up to see all CSpeed competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CSpeed
| When was CSpeed founded? | CSpeed was founded in 2023. |
| Where is CSpeed headquartered? | CSpeed is headquartered in San Francisco, CA, United States. |
| Is CSpeed publicly listed? | No, CSpeed is a private, VC-backed company. |
| How much funding has CSpeed raised? | CSpeed has raised $173M across 2 funding rounds. |
| What was CSpeed's last funding round? | CSpeed's last funding round was a $145M Series C in September 2026, led by Atreides Management, Premji Invest and Valor Equity Partners. |
| Who are CSpeed's investors? | CSpeed's investors include NVIDIA, Sutter Hill Ventures, Atreides Management, Premji Invest, Maverick Silicon, Valor Equity Partners and Intel Capital. |
| Which companies are comparable to CSpeed? | Companies comparable to CSpeed include Bharti Airtel, Equinix, American Tower, Motorola, FirstEnergy Transmission and ICEYE. |
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