On 24 May, Ayar Labs, an early-stage Silicon Valley–based developer of optical-interconnect “chiplets” and light sources for high-performance computing (HPC) and AI, announced a US$25 million increase in its Series C funding. The new Series C1 up-round—which the company characterized as “oversubscribed”—came from a group including both existing and new investors. The extra cash brought the total value of Ayar’s Series C raise, begun in late April 2022, to US$155 million.
In a press release accompanying the announcement, Ayar said it would use the added funding to “accelerate the implementation and commercialization of its optical I/O [input/output] solutions,” especially for the markets promised by generative-AI technology. The company’s CEO, Charles Wuischpard, called the new infusion of financing “further validation of our technology and plan to bring silicon photonics–based interconnect solutions to market at scale.”
Of particular interest was the participation in the up-round of Nvidia, the chip-making giant behind the graphic processing units (GPUs) and other systems empowering the recent surge in AI development.
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