Funding round
Nexthop AI Growth
Reported as "Growth Equity"
Nexthop AI, which works in AI infrastructure hardware manufacturing in Santa Clara, raised $110M in a Growth round announced on 25 Mar 2025, led by Lightspeed Venture Partners and Kleiner Perkins. 5 firms took part. It is Nexthop AI's first venture round on record.
$110M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Nexthop AI did not disclose a valuation in this round. It is Nexthop AI's first venture round on record, in the year it was founded (2025). It is 18% of the $610M Nexthop AI has raised in the venture rounds on record. Nexthop AI raised again 12 months later: a Series B round of $500M in Mar 2026, at $4.20B post-money.
Nexthop AI's funding rounds
Nexthop AI has 2 venture rounds on record. This one is highlighted.
- Growth this round 25 Mar 2025, led by Lightspeed Venture Partners and Kleiner Perkins $110M
- Series B 10 Mar 2026, led by Lightspeed Venture Partners $500M$4.20B post-money
Investors
Who put money in
Lightspeed Venture Partners and Kleiner Perkins led the round with 3 other firms.
Lead investors
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
Also in the round
- backs 43 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- backs 31 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
431 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OpenAI Tech Companies | 31 Mar 2025 | $40.00B | $300.00B | SoftBank Group |
| ReliaQuest Tech Companies | 31 Mar 2025 | $500M | $3.40B | EQT and KKR |
| Tech Companies | 13 Mar 2025 | $275M | $7.50B | Andreessen Horowitz |
| Tech Companies | 10 Mar 2025 | $250M | not disclosed | not named |
| Tech Companies | 5 Mar 2025 | $140M | $1.00B | KKR and Partners Group |
| Dataminr Tech Companies | 19 Mar 2025 | $85M | not disclosed | NightDragon |
| Mews Tech Companies | 4 Mar 2025 | $75M | not disclosed | Tiger Global |
| Tech Companies | 17 Mar 2025 | $60M | not disclosed | Climate Investment |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Nexthop AI raise in its Growth round?
Nexthop AI raised $110M in its Growth round, announced in Mar 2025.
Who led Nexthop AI's Growth round?
Lightspeed Venture Partners and Kleiner Perkins led it, with WestBridge Capital, Battery Ventures and Emergent Ventures.
What was Nexthop AI's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
431 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.2 times the median.
Did Nexthop AI raise again after this round?
Yes: a Series B round in Mar 2026 of $500M at $4.20B post-money.