Alum’s deep-tech startup acquired for $128M
Hyperlume, a deep-tech company based in Ottawa, has been acquired by San Jose-based semiconductor firm Credo Technology Group for $128 million.
Hyperlume was co-founded by University of Waterloo alum Dr. Mohsen Asad (PhD '20, electrical and computer engineering) in 2022. Its technology makes AI data centres faster, cheaper and more energy efficient.