Ayar Labs raises $155 million Series D for optical interconnects
Advent Global Opportunities and Light Street Capital co-led the December 2024 round.
Ayar Labs announced $155 million in Series D financing on 11 December 2024, led by Advent Global Opportunities and Light Street Capital. The round valued the company above $1 billion.
Participants included AMD Ventures, Intel Capital, NVIDIA, 3M Ventures and Autopilot, alongside existing backers Applied Ventures, Axial Partners, Boardman Bay Capital Management, GlobalFoundries, IAG Capital Partners, Lockheed Martin Ventures, Playground Global and VentureTech Alliance.
The company planned to scale manufacturing of optical interconnects and expand its team. Its technology moves data between chips using light, addressing communication bottlenecks in large AI systems.
Use of funds
Scale optical interconnect manufacturing
Hire staff