Archives 2026

Business Wire India

Nexthop AI, the leading pioneer of highly efficient AI Networking, today announced successful closure of an oversubscribed $500 Million Series B funding round, catapulting the company’s valuation to $4.2 Billion. This round was spearheaded by Lightspeed Venture Partners, with Andreessen Horowitz joining as a major investor, and participation from Altimeter and all existing investors.

 

“The rapid growth of AI is forcing a fundamental rethink of data center network architecture — and that creates one of the largest infrastructure market opportunities we’ve seen in a generation, with the potential to build a $100B+ company. That conviction led us to invest in Nexthop AI from Day One,” said Guru Chahal, Partner at Lightspeed Venture Partners. “Nexthop is uniquely positioned to become the next great networking vendor by combining hyperscale-grade performance, open software, and a co-development model built in lockstep with the world’s largest AI operators.“

 

 

“AI clusters are pushing data center networks to their limits, and networking is now central to overall system performance. Nexthop is purpose-built for this shift, combining deep hyperscale experience with a focus on high-performance and open networking,” said Raghu Raghuram, General Partner, Andreessen Horowitz. “We believe Anshul and the team are tackling one of the most important infrastructure challenges in AI today, and we’re excited to partner with them as they scale.”

 

 

Nexthop AI has quickly emerged as a frontrunner in the most advanced AI & Cloud Networking segment. The company delivers both off-the-shelf and highly customized switching solutions built on open source operating systems such as SONiC and FBOSS.

 

 

“Our relentless focus on innovation and deep customer partnerships has driven the development of highly customized JDM solutions for the largest operators and cutting-edge turnkey products for NeoClouds. We are thrilled to partner with the world’s leading investors in the AI space, to help scale the company to the next level,” said Anshul Sadana, Founder & CEO of Nexthop AI.

 

 

Today, Nexthop also launched a range of products for scale-out, scale-across and front-end applications for cloud and AI data centers. The launch portfolio sets new standards for performance, power efficiency, and deployment speed – very critical metrics in AI infrastructure.The company continues to invest in expanding R&D and infrastructure capabilities to broaden this foundational portfolio to meet the demands of unprecedented growth in infrastructure.

 

 

To learn more about today’s announcement, read the latest blog from Anshul Sadana, Founder & CEO of Nexthop AI.

 

 

Supporting Quotes

 

 

“AI datacenter networking is being rearchitected as genAI drives a new wave of infrastructure buildout by hyperscalers and neoclouds. With the market expected to reach $100B by 2031, there is significant opportunity for companies like Nexthop AI to deliver next-generation networking architectures with meaningful advantages in power and cost efficiency. These shifts toward scale-across networking will be critical in enabling the next generation of large-scale AI clusters while lowering total cost of ownership.” – Dylan Patel, Founder, SemiAnalysis.

 

 

About Nexthop AI

 

 

Nexthop AI is a cohesive team of seasoned industry experts, who through their collaborative product design as well as system and network engineering capabilities are building innovative networking products and solutions for Hyperscalers and NeoClouds. Nexthop is headquartered in Santa Clara with additional locations in Seattle, Vancouver, Dublin and Bengaluru, India. For more information visit http://nexthop.ai.

 

 

nexthop ai, the nexthop ai logo, and all related product and software names are trademarks of Nexthop Systems Inc. All other trademarks or service marks are the property of their respective owners. Product specifications and information are subject to change without notice.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260310574112/en/

 

Business Wire India

Nexthop AI, the leading pioneer of highly efficient AI Networking, today launched a range of products for scale-out, scale-across and front-end applications for cloud and AI datacenters. The launch portfolio sets new standards for performance, power efficiency, and deployment speed – very critical metrics in AI infrastructure.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310990709/en/

 

 

 

Nexthop also unveiled the Disaggregated Spine architecture – a new, highly efficient, scale-across network design developed in collaboration with a large hyperscaler. This innovative architecture decomposes the traditional monolithic chassis running proprietary software into independent, optimized, functional tiers. It features a scale-across leaf tier (data center fabric facing) and scale-across spine tier (data center interconnect facing) offering deep buffers, line-rate MACsec encryption and expanded routing tables. This architecture delivers 30% lower cost and 30% lower power consumption than legacy chassis-based systems and facilitates adoption of open network operating systems such as SONiC.

 

Driving the Future of Open Networking

 

 

Nexthop AI is an active contributor to the open networking ecosystem, serving as a SONiC Governing Board member of the Linux Foundation. In a very short timeframe, Nexthop has risen to be amongst the top 10 global contributors to the SONiC project. Nexthop empowers customers to run their preferred version of a network operating system like SONiC or FBOSS on its switches. In addition, for the NeoClouds, Nexthop offers a hardened, supported, high-quality distribution of the Nexthop Network Operating System powered by SONiC.

 

 

“We are delighted to see the tremendous contributions Nexthop has made to the open networking community in such a short time. They are partnering with the community on several new initiatives, including pioneering new concepts like the Disaggregated Spine. Their speed of execution, coupled with their unwavering dedication to customer success, is truly commendable,” said Dave Maltz, Principal Network Architect for Azure Networking at Microsoft.

 

 

Pioneering New Platforms for AI and Cloud

 

 

Nexthop AI’s launch portfolio sets new standards for performance, power efficiency, and deployment speed – very critical metrics in AI infrastructure. These platforms can run any version of SONiC or FBOSS that hyperscalers choose or are also available as a turnkey solution fully integrated with Nexthop NOS for NeoClouds.

 

 

• NH-4010: The industry’s lowest power 51.2 Tbps switch based on Broadcom Tomahawk 5 silicon. Its highly efficient system design is proven to save customers 15-20% power in like-for-like configurations, delivering 10s of Megawatts of total power savings at scale.
• NH-4220: The industry’s highest density 102.4 Tbps air cooled system based on Broadcom Tomahawk 6 silicon. These switches are specifically engineered to provide seamless migration from previous generations without requiring disruptive changes to rack or fiber plants, enabling rapid deployment of next-generation AI clusters.
• NH-5010: The first deep-buffer, scale-across spine switch based on Broadcom Qumran 3D silicon, enabling the Disaggregated Spine architecture for leading Hyperscalers.

 

“We are pleased to collaborate with Nexthop on SONiC and SAI-based architectures to deliver standards-based Ethernet switching solutions for deployments within and across data centers, serving our hyperscale and data center customers. Nexthop’s deep system expertise and integration of our low-power switching silicon have enabled scalable, highly power-efficient solutions,” said Asad Khamisy, senior vice president and general manager, Core Switching Group, Broadcom.

 

Nexthop platforms offer advanced real-time telemetry for efficient congestion control, advanced load balancing and real-time layer 1 and optics monitoring – significantly improving overall network performance and link reliability.

 

 

“Ethernet Switching is a key building block for AI Networking. Led by new AI and scale-across use case expansions, the market is poised to approach $200B over the next decade,” said Alan Weckel, founder and technology analyst at 650 Group. “Nexthop AI is taking a unique co-development approach to product development and their initial platforms represent the start of a foundational portfolio that raises the bar to fundamentally address the efficiency, density, and reliability challenges to support 800G and 1.6T deployments.”

 

 

Availability and Additional Resources

 

 

Nexthop AI’s innovative platforms and software solutions are already shipping to leading Hyperscalers. Nexthop platforms also have a complementary optics portfolio with dedicated focus on Layer 1 validation that improves stability and deployment speed for customers.

 

 

To learn more about today’s announcements, explore the following resources:

 

 

1. The Hyperscaler Paradox – Build, Buy or Partner?, Anshul Sadana, Founder & CEO
2. Whitepaper – Disaggregated Spine for Modern AI Networks
3. Journey of a new company built for SONiC, Ryan Torres, VP Software Engineering

 

Our team will be at OFC 2026 in Los Angeles, demonstrating some of our AI solutions. To schedule a meeting with us, reach out to sales@nexthop.ai.

 

About Nexthop AI

 

 

Nexthop AI is a cohesive team of seasoned industry experts, who through their collaborative product design as well as system and network engineering capabilities are building innovative networking products and solutions for Hyperscalers and NeoClouds. Nexthop is headquartered in Santa Clara with additional locations in Seattle, Vancouver, Dublin and Bengaluru, India. For more information visit http://nexthop.ai

 

 

nexthop ai, the nexthop ai logo, and all related product and software names are trademarks of Nexthop Systems Inc. All other trademarks or service marks are the property of their respective owners. Product specifications and information are subject to change without notice.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260310990709/en/

 

Business Wire India

IFF (NYSE: IFF) — a global leader in flavors, fragrances, food ingredients and health & biosciences — is enhancing regional production and innovation capabilities to better support the continued growth of its Health & Biosciences (H&B) business in Latin America, one of the fastest-growing markets for the company. The effort includes the transformation of the Arroyito site in Argentina into IFF’s first full fermentation‑based enzyme production hub in the region and the opening of a household care application laboratory at IFF’s Innovation Center in Brazil. Together, these enhancements expand IFF’s regional footprint and are expected to improve speed, reliability and locally relevant solutions for markets including brewing, animal nutrition, biofuels and home care.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310253993/en/

 

 

 

“This is about turning science into impact where it matters most,” said Letícia Gonçalves, president of IFF H&B. “By bringing world‑class fermentation and application capabilities to Latin America, we are accelerating innovation for our customers and translating that into better food, more effective cleaning solutions and everyday products that improve quality of life for millions of consumers across the region.”

 

Building a regional enzyme production hub
IFF’s deep expertise in fermentation technology is at the heart of the Arroyito expansion, enabling the production of high‑performance enzymes through controlled biological processes that deliver consistent results under real‑world manufacturing conditions while reducing environmental impact. With the enhancements, IFF will now produce enzymes locally from the initial biological stage rather than relying solely on final processing and packaging steps, improving performance reliability, increasing processing efficiency and enabling faster adjustments as customer needs evolve across applications including brewing, animal nutrition, biofuels and home care.

 

 

Advancing applied innovation in home and personal Care
Complementing the Arroyito plant transformation, IFF’s new household care application laboratory in Brazil is designed to help customers evaluate and optimize enzyme performance under real regional conditions. The laboratory supports laundry and dishwashing applications, enabling faster testing, improved formulation accuracy and closer collaboration with customers developing next‑generation cleaning products.

 

 

“Latin America is a dynamic growth market for bioscience‑enabled solutions,” said Deia Vilela, vice president of Latin America for IFF H&B. “What’s most exciting is how this momentum is being shaped through deeper partnerships with customers and teams across the region, creating a strong foundation for sustained innovation and shared growth in the years ahead.”

 

 

Building on more than four decades of industrial biotechnology leadership, IFF’s investment reinforces its long‑term commitment to the region and positions its Health & Biosciences business to capture future growth across food, home and personal care, animal nutrition and bio‑industrial markets.

 

 

Cautionary Statement under the Private Securities Litigation Reform Act of 1995
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “”plan”, “expect,” “anticipate,” “intend,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances.

 

 

Welcome to IFF
At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in taste, scent, food ingredients, health and biosciences, we’re innovating for the future. Every day, we deliver groundbreaking, sustainable solutions that elevate products people love — advancing wellness, delighting the senses and enhancing the human experience. Learn more at iff.com, LinkedIn, Instagram and Facebook.

 

 

©2026 International Flavors & Fragrances Inc. (IFF). IFF, the IFF Logo, and all trademarks and service marks denoted with ™, ^SM or ^® are owned by IFF or affiliates of IFF unless otherwise noted. All Rights Reserved.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260310253993/en/

 

Business Wire India

• ATLAS anchors H2O America’s equity raise and establishes new substantial shareholding
• Upsized transaction highlights strong market support for H2O’s long-term strategy and sector leading growth outlook
• H2O’s organic growth fully equity funded into 20281

 

ATLAS Infrastructure (“ATLAS”) is a specialist Global Listed Infrastructure investor managing funds on behalf of long-term infrastructure clients. Following the recent equity placement, ATLAS’s actively managed accounts hold ~10.8% voting and economic interest in H2O America (“H2O”).

 

ATLAS was pleased to support H2Os long‑term strategy to invest in local water and wastewater utility operations through our participation in the recent equity raise. ATLAS recognises the disciplined approach from H2O management which focuses on organic investment in existing businesses alongside targeted and accretive transactions such as the acquisition of Quadvest which materially expands H2O’s regulated water footprint in a premium high‑growth jurisdiction. The upsized equity raise, anchored by ATLAS, supports the company strategy through providing significant balance sheet capacity and financial flexibility well into the Company’s 2026-2030 CapEx plan.

 

 

“Increased investment in water utilities is essential to ensure that communities can continue to enjoy high quality drinking water and that wastewater networks can continue to improve to meet and exceed environmental expectations alongside a growing population. ATLAS is pleased to support the management and employees of H2O through this equity placement by ensuring that the company has the capital support to continue its strategy of investment and improvements to its network and services. This increased investment into H2O fits well with the ATLAS objective of delivering long term, sustainable returns for our clients through investment in high quality infrastructure companies that are investing in delivering essential services to their local communities.”
– Rod Chisholm, Partner

 

 

1. ATLAS estimates

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260309037799/en/

 

Business Wire India

Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, today announced that its Cross-Border business has partnered with Formula E, the world’s first all-electric FIA World Championship and B Corp Certified sport. Under the agreement, Corpay becomes the exclusive and Official Foreign Exchange Provider of the ABB FIA Formula E World Championship.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310640540/en/

 

 

The ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities providing an elite motorsport platform for the world’s leading automotive manufacturers to accelerate electric vehicle innovation with the GEN3 Evo race continuing to set a new benchmark as the fastest-accelerating FIA single-seater, rocketing from 0-60 mph in an astonishing 1.82 seconds.

 

 

Through this partnership, Corpay Cross-Border will provide comprehensive FX risk management and international payment solutions to support Formula E’s global operations. With races spanning major cities across multiple continents, Formula E operates in a highly dynamic, multi-currency environment — creating a strong strategic fit for Corpay’s expertise in managing foreign exchange exposure and cross-border transactions.

 

 

“As a truly global motorsport platform, Formula E operates across numerous currencies and jurisdictions throughout its racing calendar,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “We are proud to partner with an innovative, forward-thinking championship and to support its international growth with tailored FX and cross-border payment solutions that help mitigate currency risk and drive operational efficiency.”

 

 

“Formula E is at the forefront of technology and sustainability, and it is vital that our partners reflect that same forward-thinking approach,” said Max Adkins, Chief Financial Officer, Formula E. “Partnering with Corpay allows us to streamline our global financial operations across a highly dynamic, multi-currency environment. We look forward to working together as we continue to bring the excitement of all-electric racing to fans around the world.”

 

 

About Corpay

 

 

Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.

 

 

Corpay – Payments made easy. To learn more visit www.corpay.com.

 

 

About Formula E

 

 

The ABB FIA Formula E World Championship is known as the next evolution of motorsport. As the world’s first all-electric series, Formula E operates as a high-speed ‘living laboratory’ where innovation and adrenaline collide.

 

 

The championship has achieved the milestone of 150 races, and serves as a vital test bed for the world’s leading automotive manufacturers – including Porsche, Jaguar, Nissan, Stellantis, Mahindra and Lola Cars – to innovate and refine the electric vehicle (EV) technologies that will define future urban mobility.

 

 

Underpinning this performance is a profound commitment to impact. Formula E is a Certified B Corp – the world’s first and only sport to achieve this designation – reflecting its dedication to high standards of social and environmental transparency. It also stands as the only sport in the world to be Net Zero Carbon since inception and recently became the first to achieve the BSI Net Zero Pathway certification, setting a new global benchmark for science-based climate action.

 

 

As a progressive challenger in the sports landscape, Formula E is defined by unpredictable, wheel-to-wheel competition. In 11 seasons, the series has crowned 10 different champions, proving it to be one of the most competitive and open titles in world championship level sport. With a commitment to accessibility and a grid of world-class drivers and manufacturers, the series continues to rewrite the rules of elite sport, engaging a new generation who value purposeful ambition and fearless action.

 

 

www.FIAFormulaE.com

 

 

For Formula E media enquiries, please contact media@fiaformulae.com.

 

 

About ABB:

 

 

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and more than 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

 

 

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260310640540/en/

 

Business Wire India

Forbes releases its 40th-annual World’s Billionaireslist, the definitive ranking of the planet’s richest people. Wealth surged to unprecedented levels over the past year, with fortunes climbing at a record pace. This year’s list features 3,428 billionaires, the most since the list’s inception in 1987. The world’s wealthiest people are worth a record $20.1 trillion combined, up from $16.1 trillion in 2025.

 

Elon Musktops the Billionaires list for the second year in a row and is the richest person ever recorded, worth an estimated $839 billion. His net worth skyrocketed by half of a trillion dollars from last year, thanks to a rise in the value of Tesla, and SpaceX which is aiming to go public in 2026. Musk is the first person ever recorded to reach the $800 billion mark, as he moves toward becoming the world’s first trillionaire.

 

 

“It’s the year of the billionaire,” said Chase Peterson-Withorn, Forbes Senior Editor, Wealth. “The planet added more than one billionaire per day over the past twelve months as the AI-powered stock market boom boosted fortunes to previously unimaginable heights.”

 

 

Larry Page, cofounder of Google, follows far behind Musk, in the No. 2 spot with an estimated net worth of $257 billion, followed by his cofounder Sergey Brin at No. 3 ($237 billion). Jeff Bezos holds the No. 4 spot ($224 billion) and Mark Zuckerberg ($222 billion) rounds out the top 5.

 

 

President Donald Trump’s fortune increased by 27%, to an estimated $6.5 billion, thanks largely to crypto dealings and his New York fraud penalty being thrown out. He ranks No. 645 worldwide.

 

 

The 2026 ranking features 390 newcomers, including Dr. Dre; Beyonce Knowles-Carter; and tennis legend Roger Federer.

 

 

The United States has more billionaires than any other country, now boasting a record 989.

 

 

For the full list, visit: www.forbes.com/billionaires.

 

 

About Forbes
Forbes is an iconic global media brand that has symbolized success for over a century. Fueled by journalism that informs and inspires, Forbes spotlights the doers and doings shaping industries, achieving success and making an impact on the world. The Forbes brand reaches more than 140 million people monthly worldwide through its trusted journalism, signature ForbesLive events and 49 licensed local editions in 81 countries.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260310629058/en/