Funding round
Nexthop AI Series B
Nexthop AI, which works in AI infrastructure hardware manufacturing in Santa Clara, raised $500M in a Series B round announced on 10 Mar 2026, led by Lightspeed Venture Partners, at a $4.20B post-money valuation. 3 firms took part, 1 of them already investors. It is Nexthop AI's second venture round on record; the one before was a Growth in Mar 2025.
$500M
Amount raised
$4.20B
Post-money valuation
3
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Nexthop AI at $4.20B after the new money. The $500M bought investors about 12% of the company. It came 12 months after Nexthop AI's Growth. It is 82% of the $610M Nexthop AI has raised in the venture rounds on record. No later venture round is on record for Nexthop AI.
Nexthop AI's funding rounds
Nexthop AI has 2 venture rounds on record. This one is highlighted.
- Growth 25 Mar 2025, led by Lightspeed Venture Partners and Kleiner Perkins $110M
- Series B this round 10 Mar 2026, led by Lightspeed Venture Partners $500M$4.20B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round with 2 other firms. Altimeter had backed Nexthop AI before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Altimeter backs 67 venture-backed companies existing 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
515 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 13 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Mar 2026 | $375M | not disclosed | General Catalyst and Liberty City Ventures |
| Tech Companies | 31 Mar 2026 | $250M | $1.00B | Crosspoint Capital |
| Tech Companies | 21 Mar 2026 | $120M | not disclosed | not named |
| Tech Companies | 23 Mar 2026 | $110M | $1.00B | Balderton Capital |
| Tech Companies | 19 Mar 2026 | $100M | not disclosed | Bain Capital Crypto |
| Tech Companies | 31 Mar 2026 | $80M | $580M | Meritech Capital |
| Tech Companies | 5 Mar 2026 | $80M | $1.00B | Founders Fund |
| Tech Companies | 30 Mar 2026 | $70M | not disclosed | Qumra Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Nexthop AI raise in its Series B round?
Nexthop AI raised $500M in its Series B round, announced in Mar 2026.
Who led Nexthop AI's Series B round?
Lightspeed Venture Partners led it, with Andreessen Horowitz and Altimeter.
What was Nexthop AI's valuation at the Series B round?
$4.20B post-money.
How does it compare with other Series B rounds in Tech Companies?
515 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 13 times the median.