Nexthop AI
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Investors
Founders
About
Nexthop AI is a Santa Clara, California-based developer of custom-engineered networking hardware, software, and optics for AI data centers 1. Founded in 2023 by Anshul Sadana, who spent 17 years at Arista Networks as COO scaling sales from $0 to over $5B 1. The company combines hyperscale-grade performance, open software, and a co-development model built in lockstep with the world’s largest AI operators 1. Nexthop has additional offices in Seattle, Vancouver, and Bangalore 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| ~2024 | Series A | $110M | Lightspeed Venture Partners | Kleiner Perkins, WestBridge Capital, Battery Ventures, Emergent Ventures 2 |
| 2026-03-10 | Series B | $500M | Lightspeed Venture Partners | Andreessen Horowitz, Altimeter, all existing investors 134 |
Total raised: $610M. Valued at $4.2B as of March 2026 1.
What Investors Say
“AI clusters are pushing data center networks to their limits, and Nexthop is uniquely positioned to become the next great networking vendor.”
— Guru Chahal, Partner at Lightspeed Venture Partners 3
What Founders Say
“Our relentless focus on innovation and deep customer partnerships has driven the development of highly customized JDM solutions for the largest operators.”
— Anshul Sadana, Founder & CEO, Nexthop AI 3
Sources
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BusinessWire, “Nexthop AI Accelerates Into Hypergrowth With Oversubscribed $500M Series B Funding, Catapulting the Company’s Valuation to $4.2 Billion,” March 10, 2026, accessed March 2026. https://www.businesswire.com/news/home/20260310574112/en/Nexthop-AI-Accelerates-Into-Hypergrowth-With-Oversubscribed-$500M-Series-B-Funding-Catapulting-the-Companys-Valuation-to-$4.2-Billion↩↩↩↩↩
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DataCenterDynamics, “Nexthop AI launches with $110m funding round,” accessed March 2026. https://www.datacenterdynamics.com/en/news/nexthop-ai-launches-with-110m-funding-round/↩↩
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Nexthop AI company press release, “Nexthop AI Accelerates Into Hypergrowth With Oversubscribed $500M Series B Funding, Catapulting the Company’s Valuation to $4.2 Billion,” March 10, 2026. Accessed July 2026. https://nexthop.ai/news-and-event/nexthop-ai-accelerates-into-hypergrowth-with-oversubscribed-500m-series-b-funding-catapulting-the-companys-valuation-to-4-2-billion/↩↩↩
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Bloomberg, “Lightspeed, Andreessen Back $4.2 Billion AI Data Center Supplier,” March 10, 2026. Accessed July 2026. https://www.bloomberg.com/news/articles/2026-03-10/lightspeed-andreessen-back-4-2-billion-ai-data-center-supplier↩