SpaceX Alumni Raise $50 Million for Data Center Optical Tech

Mesh Optical Technologies, a startup working on hardware used to move data at high speeds within data centers, raised a $50 million funding round led by Joshua Kushner’s Thrive Capital to scale manufacturing of the technology in the US.

Other investors backing Los Angeles-based Mesh, which came out of stealth this week, include Also Capital and Banner VC, the company told Bloomberg. The firm’s valuation was not disclosed.