SpaceX Alumni Raise $50 Million for Data Center Optical Tech

Mesh Optical Technologies, a startup working on hardware used to move data at high speeds within data centers, raised a $50 million funding round led by Joshua Kushner’s Thrive Capital to scale manufacturing of the technology in the US.

Other investors backing Los Angeles-based Mesh, which came out of stealth this week, include Also Capital and Banner VC, the company told Bloomberg. The firm’s valuation was not disclosed.

Mesh develops optical transceivers, small devices that send and receive data using light, allowing machines to communicate at very high speeds. These devices are crucial for data centers, where training and ...