A little-known startup that sells crucial data center components to consumers like Amazon Web Services (AMZN) and Microsoft (MSFT) is aiming to become one of the first companies to go public off the back of the boom in generative artificial intelligence, The Information’s Cory Weinberg and Anissa Gardizy report. Astera Labs, backed by Sutter Hill Ventures and Intel (INTC), has been meeting with prospective investors ahead of a potential March initial public offering led by Morgan Stanley (MS) and JPMorgan (JPM), people familiar with the matter said.
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