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Nexthop AI raised $500 million in a Series B funding round led by Lightspeed Venture Partners, increasing its valuation to $4.2 billion. The funding aims to enhance AI and cloud networking solutions, with Andreessen Horowitz and Altimeter Capital participating.

Nexthop AI launched new switches, NH-4010, NH-4220, and NH-5010, optimized for AI data traffic, focusing on efficiency and performance. The company plans to invest in R&D and manufacturing capabilities to meet the growing demand for AI infrastructure as tech giants are expected to invest heavily in data centers in the coming years.