I’m very proud of our portfolio company Ayar Labs, and founders Alex, Mark, and Chen who have recently closed a massive $24M Series A round led by Playground Group, Intel Capital, GlobalFoundries, and FoundersFund. TechU participated in the initial seed round back in 2016 and also in this round earlier in the summer. Glad this finally closed so we can announce it. The company is at the forefront of building optical chips which will allow data centers to operate at the speed-of-light end-to-end. Their technology will change the world, but it’s only at the beginning. Up-up-and-away!
Optical Chip Startup Ayar Labs Raises $24 Million To Boost Data Speeds
Ayar Labs has a chip solution for data centers that boosts performance while dramatically cutting energy costs. They just raised $24 million to scale it.