Ayar raises $35M for optical interconnect tech to overcome computing bottlenecks in the CPU
The race is on to build more efficient chip technology for faster and less power-intensive computing, and today an innovative startup that’s built one solution based on in-package optical interconnect (optical I/O) technology is announcing a round of growth funding from a number of strategic investors that speaks to how its approach is getting traction. Ayar Labs, which makes chip solutions based
on optical networking principals – architecture that promises both faster computing speeds and far less power consumption (and heat) in the process – has picked up $35 million in a Series B round of funding. Co-led by Downing Ventures and BlueSky Capital, the round also includes Applied Ventures (the VC arm of Applied Materials), Castor Ventures and SGInnovate (the Singaporean government’s deep tech fund), with participation also from existing investors BlueSky Capital, Founders Fund, GLOBALFOUNDRIES, Intel Capital, Lockheed Martin Ventures, and Playground Global.
Date: 2020-11-05
yahoo.com
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