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Xsight Labs Raises More than $300 Million at $2.8 Billion Valuation to Power Next-Generation AI and Cloud Networks

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New capital follows the selection of the company’s E1 800G DPU and X2 switch by multiple global network operators and accelerating traction across hyperscalers, service providers, and OEMs

SAN JOSE, Calif. and TEL AVIV, Israel, July 30, 2026 /PRNewswire/ — Xsight Labs, a fabless semiconductor company providing intelligent connectivity solutions for next-generation hyperscale, edge, and AI data center networks, today announced the closing of a $300+ million funding round establishing a $2.8 billion post-money valuation. The round was led by Fidelity Management & Research Company with participation from new and existing investors.

“This valuation is a testament to the team’s relentless execution and reflects the market need for a high-performance alternative to closed, legacy architectures,” said Yossi Meyouhas, CEO of Xsight Labs. “We are grateful to our investors, new and longstanding, for the confidence they continue to place in this team.”

The funding follows rapidly expanding commercial traction. The company’s E1 Data Processing Unit (DPU) and X2 switch have been selected by multiple global network operators to power next-generation edge and network infrastructure. Xsight Labs silicon is also under evaluation in the labs of Tier-1 hyperscalers, alongside a growing roster of design wins across service providers and OEMs.

Why Operators and Vendors Are Choosing the E1 and X2

Network operators and vendors face unprecedented scale, latency, and power constraints at the edge and in the data center. Xsight Labs is the only semiconductor company shipping both high-end DPUs and Ethernet switches that are fully programmable and open. The E1 and X2 architectures address all three constraints:

Line-rate 800G processing at connection scale. The E1 processes millions of connections per second at full 800 Gbps line rate — with zero packet drops. It is the first 800G DPU to ship and the first to complete SONiC-DASH Hero 800G validation, sustaining more than 14 million connections per second in industry-standard benchmark testing. Hardware-accelerated inline crypto (AES-GCM/XTS) secures that traffic at the same line rate.No “slow path.” All 64 Arm Neoverse N2 cores sit directly in the data path, so routing, telemetry, and packet inspection run on every packet at line rate rather than being punted to an underpowered exception handler that slows everything down.Fully open, standard Linux environment. The E1 runs native Linux, DPDK, and SONiC out of the box, letting engineering teams deploy existing software stacks without proprietary SDK lock-in, accelerating development and time to market.Power efficiency. Operating at an ultra-efficient sub-75W footprint, the E1 delivers 4x the performance per watt of previous-generation designs, reducing the energy footprint of expanding edge and data center infrastructure. The same power-performance profile suits constrained environments including satellite communications and connectivity, mobile data centers, and other space- and power-limited deployments.Programmable switching at 12.8 Tbps. The X2 is a fully software-defined Ethernet switch: its data plane can be reprogrammed after deployment through XISA (Xsight Instruction Set Architecture) with full SONiC integration, letting operators and vendors add protocols and features in software instead of waiting for new silicon.Switching efficiency. The X2 operates under 200W with deterministic, sub-700ns latency and a 40 percent lower power profile than legacy 12.8 Tbps switches, cutting power and cooling costs at the top of rack.

Use of Capital

The new capital will accelerate the multi-generational switch and DPU roadmap, including support for emerging Ultra Ethernet Consortium (UEC) standards; grow engineering and customer support teams across the US, Israel, Europe, and Asia to support this rapid expansion; and scale manufacturing, supply chain, and customer delivery operations to fulfill high-volume Tier-1 customer orders.

The round was led by Fidelity Management & Research Company with participation from Aliya Capital Partners, Atreides Management, Artisan Partners, Battery Ventures, Diagonal Capital, Intel Capital, Key1 Capital, Maverick Capital, Sienna, T. Rowe Price, Union Group, and Valor Equity Partners.

About Xsight Labs

Xsight Labs is a leading fabless semiconductor company providing intelligent connectivity solutions for next-generation hyperscale, edge and AI data center networks. Xsight Labs’ technology delivers exponential bandwidth growth and unmatched versatility while lowering power and total cost of ownership. Founded in 2017, Xsight Labs is headquartered in Tel-Aviv, Israel, with additional offices in Kiryat Gat and Haifa, and international offices in Boston, Raleigh, and San Jose in the United States, as well as in Yerevan, Armenia. For additional information, visit www.xsightlabs.com.

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SOURCE xsight labs

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LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

View original content:https://www.prnewswire.com/news-releases/lianlian-global-and-paypal-power-cross-border-payouts-for-social-commerce-marketplace-and-ecommerce-customers-302917635.html

SOURCE LianLian Global

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Crab2B Debuts as Hong Kong’s First Dedicated B2B Platform for Mobile Electronics

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HONG KONG, Oct. 23, 2026 /PRNewswire/ — With the global population surpassing 8 billion, mobile electronics have become essential to modern life, with smartphones now used by billions of people. Across approximately 13,861 cities worldwide, electronics wholesalers play a vital role in the supply chain. Among the world’s three major wholesale hubs for digital electronics, Dubai serves the Middle East and Africa, Miami connects markets across Latin America, and Hong Kong draws strength from its unique position linking mainland China with global markets. According to Hong Kong Customs data, re-exports of used mobile phones from Hong Kong reached 51.5 million units in 2025, while the total value of electronics exports hit HK$3.9216 trillion. Yet despite its value running into the trillions of Hong Kong dollars, it has long lacked a dedicated online platform.

Crab2B was created to fill this gap as Hong Kong’s first B2B platform dedicated to mobile electronics. Inspired by Alibaba’s online B2B marketplace model, the platform focuses on consumer electronics, bringing together hundreds of thousands of buyers and sellers worldwide and enabling them to connect directly.

Crab2B covers a broad range of products, including smartphones, tablets, laptops and other smart devices. Listings span brand-new and used devices, as well as certified pre-owned (CPO) and as-is products. The platform also connects buyers and suppliers with service providers offering product inspection, international logistics and repair services. Users can search for products by brand and model, while all merchants undergo rigorous verification before joining the platform. With these safeguards in place, Crab2B is designed to meet the needs of businesses across the value chain, protect the interests of both buyers and sellers, and facilitate mutually beneficial transactions.

Building on Hong Kong’s established trading network, Crab2B made its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, held at AsiaWorld-Expo from October 18 to 21, 2026, where it also launched the Crab2B app. Looking ahead, Crab2B will remain firmly rooted in Hong Kong while expanding its global reach, continuing to refine the platform to deliver a smarter, more comprehensive digital marketplace for mobile electronics. By helping international buyers identify suitable suppliers, simplifying cross-border sourcing and reducing transaction costs, Crab2B aims to support the continued growth of Hong Kong’s digital trade sector and contribute to the city’s long-term prosperity and stability.

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SOURCE CRAB 2B TECHNOLOGY INVESTMENT CO., LIMITED

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AiMOGA Launches Global Robot Innovation: Mobo Debuts from Wuhu, Empowering Homes and Businesses

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KUALA LUMPUR, Malaysia, Oct. 23, 2026 /PRNewswire/ — AiMOGA Robotics has officially launched Mobo, its first consumer-grade humanoid family companion robot, marking a new chapter in intelligent living for Malaysian households and enterprises. Unveiled globally from AiMOGA’s headquarters in Wuhu, China, during a joint international users summit with its sister brands, this groundbreaking product reflects the company’s commitment to worldwide innovation and technological excellence.

Standing 0.9 meters tall with 22 degrees of freedom, Mobo supports over 20 languages—including Bahasa Malaysia—and delivers rich, personalized interactions. Designed for family life, it offers children interactive learning, storytelling, and object recognition, while providing elders with conversational companionship and customizable reminders. Powered by MoAgent, AiMOGA’s embodied intelligence system, Mobo features a dual-brain architecture enabling real-time responses, multi-tasking capabilities, and adaptive learning through facial recognition and secure MogaCloud integration.

Peng Xia, AiMOGA Robotics Executive Vice President, said Mobo’s spatial perception, interaction, execution, decision-making, and cognition layers form a perception-decision-execution-feedback loop. Spatial memory enables object retrieval, while social navigation recognizes pedestrian paths and interaction zones. Multimodal technologies coordinate language, facial expressions, and movement for natural interaction.

Beyond home use, Mobo shows strong potential in professional settings—from customer service to logistics—supporting AiMOGA’s vision of integrating robotics into everyday workflows.

Since its debut in August 2026, Mobo has attracted over 10,000 prospective users. Thirty-five were selected as Global User Experience Officers, receiving one year of complimentary use to help shape future improvements.

At the event, Guibin Zhang, AiMOGA Robotics General Manager, outlined strategies in R&D, cost optimization, sales and leasing. The “Platform Institute + Scenario Institute” model drives validation for bipedal, quadruped, and wheeled robots. Plans include 300 global experience centers and “Jia Tian Xia”, a robot leasing brand launching in Wuhu. Leveraging Chery’s manufacturing and platform resources enhances cost efficiency and scalability.

Notably, AiMOGA’s impact in Malaysia is amplified through strategic collaboration with sister brands Chery, OMODA & JAECOO, iCAUR, and LEPAS. Their partnership extends far beyond vehicle showrooms and daily operations—jointly developing integrated smart ecosystems that span mobility, retail, smart offices, and connected living.

As part of a global rollout with over 3,000 units deployed across 60+ markets, this initiative aims to bring intelligent, accessible robotics to more Malaysian families and businesses—enhancing productivity, convenience, and quality of life.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aimoga-launches-global-robot-innovation-mobo-debuts-from-wuhu-empowering-homes-and-businesses-302917658.html

SOURCE AiMOGA Robotics

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