Private Market View

Lightmatter

Application Specific Semiconductors · Mountain View, CA · Founded 2017 · Privately Held (backing)

PA Mark · $/share
$82
Sep 2026
Implied valuation
$4.6B
Total raised
$822.5M
Last round
Later Stage VC (Series D)
Dec 2025

Capitalization table

9 share classes, by liquidation seniority
ClassLiq. prefIssue price
Series A
Series A1
Series B1
Series B2
Series C1
Series C2
+ 3 more classes · a free account shows the full cap table
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Reading Lightmatter's cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked

How many share classes does Lightmatter have?
Lightmatter has 9 recorded share classes, listed by liquidation seniority — Series A is the most senior.
How many shares has Lightmatter authorized?
Across its 9 recorded classes, Lightmatter has authorized 32,440,326+ shares.
Where does Lightmatter's cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Lightmatter's 11 recorded funding rounds.