Astera Labs is a fabless semiconductor company specializing in purpose-built connectivity solutions for rack-scale artificial intelligence (AI) and cloud infrastructure. The company designs, manufactures, and sells semiconductor-based products and software that address data, memory, and networking bottlenecks in modern data centers. Its product portfolio includes Aries retimers for PCIe/CXL connectivity, Taurus active electrical cable paddle board modules, and Leo CXL Memory Controllers. The company's solutions extend signal reach without degradation, preserving signal integrity across long PCB traces, cables, and enclosures, enabling high-speed communication between CPUs and GPUs in AI infrastructure.
Astera Labs is publicly traded
IPO'd on Mar 20, 2024
This company is no longer available on our private secondary market. Shares can be traded publicly under ALAB.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
700–800
Total Funding
$919.5M
5 rounds
Last Private Valuation
$3.16B
Nov 2022
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $919.5M across 5 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 20, 2024 | IPO | $713M | $9.5B | N/A |
| Nov 2022 | Series D | $150M | $3.16B | Fidelity Management & Research Company |
| 2021 | Series C | $50M | $0.95B | Fidelity Management & Research Company |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series C
$950M
Jan 2021
Astera Labs today
$9.5B
Mar 2024 · latest mark
Astera Labs multiple
10.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Broadcom
Large integrated circuit manufacturer providing connectivity and networking solutions, competes in retimer and PCIe/CXL space.
Marvell Technology
Semiconductor company with strong presence in data center connectivity, provides competing retimer and storage solutions.
Credo Technology Group
Fabless semiconductor company focused on PCIe/CXL retimers and connectivity solutions for data center applications.
Texas Instruments
Established semiconductor manufacturer with retimer and signal integrity products for connectivity applications.
Parade Technologies
Semiconductor company providing PCIe/CXL retimer and display interface solutions.
Montage Technology
Chinese fabless semiconductor company with retimer and connectivity product portfolio.
Yes, Astera Labs is publicly traded under the ticker symbol ALAB on the NASDAQ. The company went public in Mar 20, 2024.
Astera Labs trades under the ticker symbol ALAB on the NASDAQ. It began trading in Mar 20, 2024.
Astera Labs (ALAB on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker ALAB to place an order.
Astera Labs went public in Mar 20, 2024 via ipo, with an offering valuation of approximately $3.16B. Astera Labs completed its initial public offering on NASDAQ on March 20, 2024, priced at $36.00 per share, raising $713 million. The company's shares rose 72% on the first day of trading, closing at $62.03 and valuing the company at $9.46 billion. This reflects strong investor demand for pure-play AI infrastructure connectivity solutions.
Astera Labs raised $919.5M across 5 disclosed funding rounds prior to its public listing.
Astera Labs was co-founded by Jitendra Mohan, Sanjay Gajendra, and Casey Morrison in 2017.
Astera Labs is headquartered in San Jose, CA, United States.
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