Early history Astera Labs was founded in 2017 in
Santa Clara, California, by Jitendra Mohan, Sanjay Gajendra, and Casey Morrison. While working at
Texas Instruments Incorporated, the cofounders observed that existing data center connectivity technologies were not keeping pace with advancements in AI and
machine learning. The trio quit their jobs to found the startup in Sanjay Gajendra's garage. In September 2021, Astera Labs marked a significant milestone by raising $50 million in
Series C funding led by
Fidelity Investments. The funding round allowed it to continue focusing on eliminating data bottlenecks in cloud and AI infrastructure. A year later Astera Labs raised a
fourth round of funding, and launched two new design centers in
Toronto and
Vancouver. In 2023, the media began to report that Astera Labs was considering an IPO the following year. The company finished the year reporting revenue of US$116 million, up from US$80 million the previous year. Official confirmation came in early 2024 that Astera Labs would be listing shares publicly on the
NASDAQ in March 2024 under the ticker symbol ALAB. Funds raised from the IPO began to be invested in expansion from the summer of 2024. One such example was the expansion of operations in
Taiwan to further strengthen collaboration with
local server ODMs. Astera finished the year by reporting it would be opening a new research and development center in
Bengaluru,
India at the end of 2024. In June 2025, Astera Labs relocated its headquarters to a larger campus in San Jose, California, tripling its headquarters' size. In late 2025, the company joined the
Arm Total Design ecosystem to support chiplet-based AI infrastructure designs. ==References==