Setting up the labs closed a $155 million Series D led by International Advent AND The capital of Light Street valued at over $1 billion and became the latest optical interconnect to make big money.
The recent round included participation from a variety of strategies, including: AMD ventures, Intel capital, Nvidia, New 3M ventures AND Autopilot. Existing investors, e.g Applied Ventures LLC, Axial partners, Boardman Bay Capital Management, GlobalFoundries, IAG Capital Partners, Lockheed Martin’s ventures, Playground around the world AND VentureTech Alliance also took part.
Ayar optical data solutions replace legacy electrical solutions to assist users maximize computing performance and AI infrastructure performance while reducing costs and energy consumption.
Founded in 2015, Ayar has raised $370 million for the company.
Big money for optical interconnects
Ayar is the latest optical interconnect startup trying to resolve AI bottlenecks around processing power and energy consumption.
in October Light matter closed a $400 million Series D led by a recent investor T. Rowe Price at a valuation of $4.4 billion. The round nearly quadrupled its previous valuation of $1.2 billion in December, following a $155 million raise led by G.V — which together with Faithfulness also took part in the recent round.
In the same week Xscape Photonics — a New York startup also using photonics technology to deal with the energy, efficiency and scalability challenges of AI data centers — raised $44 million in Series A funding led by: IAG Capital Partners and because of investments from firms akin to Cisco investments AND Nvidia.