Ayar Labs raises $130M

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Santa Clara, Calif.-based Ayar Labs, a company working on chip-to-chip optical connectivity, has secured $130 million in financing.

The investment was led by Boardman Bay Capital Management. Hewlett Packard Enterprise (HPE) and Nvidia also particpated in the funding, along with Agave SPV, Atreides Capital, Berkeley Frontier Fund, IAG Capital Partners, Infinitum Capital, Nautilus Venture Partners, and Tyche Partners.

Ayar Labs also announced that it made its first volume commercial shipments under contract and expects to ship thousands of units of its in-package optical interconnect by end of year.

[Image courtesy: Ayar Labs]