Ayar Labs declared the completion of $35 million Series B financing. The completion of the funding is co-led by Downing Ventures & BlueSky Capital. Applied Ventures, Downing Ventures, Castor Ventures, & SGInnovate have joined the present investors of Ayar labs.
With this new investment, the Company seeks to hasten the development of its product plus the commercialisation of its in-package optical interconnect (I/O) solution. It also aims to grow its global presence.