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Ayar Labs Secures $155M from Investors Including AMD, NVIDIA
SAN JOSE, Calif., Dec. 11, 2024 — Optical interconnect solutions company Ayar Labs has secured $155 million in financing for the high-volume manufacturing of its optical I/O technology, as the company prepares its optical solution for high volume manufacturing strategically aligned to customer roadmaps. Participating investors on the latest round include AMD Ventures, Intel Capital, and NVIDIA.
The financing brings the company’s total funding to $370 million and raises the company’s valuation to over $1 billion.
“We believe optical I/O is on the cusp of revolutionizing the future of AI infrastructure, and we recognize the significant growth potential of in-package optical interconnects,” said Jordan Katz, partner at Advent Global Opportunities, who will join Ayar Labs’ board of directors. “The leading GPU providers — AMD and NVIDIA — and semiconductor foundries — GlobalFoundries, Intel Foundry, and TSMC — combined with the backing of Advent, Light Street, and our other investors underscores the potential of our optical I/O technology to redefine the future of AI infrastructure,” said Mark Wade, CEO and co-founder of Ayar Labs.
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