SpaceX Alumni Raise $50 Million for Data Center Optical Tech

Mesh Optical Technologies, a startup founded by former SpaceX employees, has raised $50 million in a funding round led by Thrive Capital, a venture capital firm owned by Joshua Kushner. The startup is developing hardware technology to enable high-speed data transfer within data centers. The funding will be used by Mesh Optical Technologies to scale up its manufacturing capabilities in the United States. The company's technology is aimed at addressing the growing demand for efficient and fast data center infrastructure, which is crucial as data usage and cloud computing continue to expand. The startup's founders have previous experience working at SpaceX, a leading private space exploration company, which has likely contributed to their expertise in developing advanced hardware solutions. The successful fundraising round highlights the growing interest and investment in technologies that can improve the performance and efficiency of data centers, which are the backbone of the digital economy.