Ayar Labs Series D, $155 Million, Hits Unicorn Status
- Joshua Hawley
- Dec 13, 2024
- 1 min read
Dec 12th, 2024
Ayar Labs, a trailblazer in data transfer technology, is revolutionizing the industry by harnessing light to achieve unmatched speed and efficiency. Its optical I/O solutions provide high bandwidth and low latency, drastically cutting power consumption and enabling advanced, scalable computing architectures. This innovation is set to transform data movement across computing systems, especially for AI and high-performance applications.
The company recently secured $155 million in a Series D funding round led by Advent International and Light Street Capital, raising its valuation above $1 billion. Notable investors include AMD Ventures, Intel Capital, Nvidia, 3M New Ventures, and Autopilot, along with continued support from existing backers like Applied Ventures LLC, GlobalFoundries, Lockheed Martin Ventures, and Playground Global. To date, Ayar Labs has raised $370 million.
Founded in 2015 in Emeryville, California, by Alex Wright-Gladstein, Chen Sun, Mark Wade, Milos Popovic, Rajeev Ram, and Vladimir Stojanovic, Ayar Labs is at the forefront of innovation. CEO Mark Wade highlights the strategic alignment with top industry players such as AMD, Nvidia, and GlobalFoundries, stating that their optical I/O technology is poised to redefine AI infrastructure. The support from prominent investors reinforces confidence in Ayar Labs' potential to shape the future of technology.
#Unicorn #AdventInternational #AMDVentures #Intelcapital #Nvidia #3M #LockheedMartin #AyarLabs #PrivateEquity #seriesD #Bloomberg
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