Ayar Labs, a San Jose, CA-based company which specializes in optical interconnect solutions for large-scale AI workloads, raised $155M in Series D funding.
The round was led by Advent Global Opportunities and Light Street Capital with participation from AMD Ventures, Intel Capital, NVIDIA, 3M Ventures and Autopilot. They joined existing investors such as Applied Ventures LLC, Axial Partners, Boardman Bay Capital Management, GlobalFoundries, IAG Capital Partners, Lockheed Martin Ventures, Playground Global, and VentureTech Alliance. This brings the total funding to $370 million and raises the company’s valuation to above $1 billion.
The company intends to use the funds to scale its optical I/O technology, a commercially viable optical interconnect solution backed by a manufacturing ecosystem.
Led by CEO Mark Wade, Ayar Labs provides an optical I/O solution that enables customers to optimize the compute efficiency and performance of AI infrastructure, while reducing costs, latency and power consumption. Optical I/O allows customers to maximize the compute efficiency and performance of their AI infrastructure, while reducing costs and power consumption, to improve profitability metrics for AI applications.
FinSMEs
11/12/2024