Although still relatively young, Astera Labs has had a particularly quick start. The pace of digital transformation has continued to accelerate amongst companies, meaning it has been able to grow despite the recent slowing of the economy. On top of this, its fabless approach facilitates faster scaling, helping to position the company as a market-leading connectivity provider.

With this remarkable growth and significant funding at its back, the company has cultivated a strong reputation and a range of products that tightly address pressing market issues. Lately, it has focused on growing its products and operations, particularly in North America and Asia, as well as expanding into Canada and eyeing up an IPO for 2024.