GlobalFoundries and Intel both took part in a $24m series A round for Ayar, which will use the money to commercialise its light-based data transmission technology.
US-based semiconductor technology developer Ayar Labs raised $24m on Wednesday in a series A round that included semiconductor manufacturer GlobalFoundries and chipmaker Intel’s corporate venturing arm Intel Capital.
Venture capital fund and incubator Playground Global led the round, which also included VC firm Founders Fund. The company had previously closed a $2.5m seed round in 2016 led by FF Science, a seed-stage investment arm of Founders Fund, and backed by TechU Angels.
Founded in 2015, Ayar has developed a silicon…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
