Valencia-based iPronics raised $125M co-led by Maverick Silicon and Light Street, with participation from Nvidia, to develop optical circuit switch tech (Stephen Nellis/Reuters)

Valencia-based iPronics secured $125 million in a funding round co-led by Maverick Silicon and Light Street, with Nvidia participating. The capital will advance the company’s optical circuit switch technology, aiming to accelerate high-speed data routing for telecom and data-center applications. The investment underscores growing interest in photonic switching solutions.