Downing Ventures has completed a $35M Series B funding round in Ayar Labs. Ayar Labs is a Deep Tech organisation that is solving semiconductor interconnect (I/O), bandwidth and power bottlenecks by moving data using light, with its TeraPHY monolithic in-package electronic/photonic chiplet-based solution. The result is a vast improvement in bandwidth, bandwidth density, latency and power consumption across a wider distance. Ayar Labs will use the investment to continue product development and commercialization of its optical (I/O) solution while also expanding its presence in the UK and Europe.
Ayar Labs was founded to drive the next phase of Moore’s Law through its Optical I/O technology. They are disrupting the traditional performance, cost, and efficiency curves of the semiconductor and computing industries by driving a 1000x improvement in interconnect bandwidth density at 10x lower power and latency of copper at distances of up to two kilometres.
Warren Rogers, Partner and Head of Ventures at Downing Ventures comments “Ayar Labs represents the future of interconnects which have eventual applicability to every electronic device on earth. We have the highest confidence that when their optical I/O technology is applied to computing, the industry will finally break away from Moore’s Law and redefine the boundaries of computing. We have been extremely impressed with the team at Ayar and how they have proved themselves by already being market leaders in what they do. Charlie and his team are at the frontier of solving critical computing challenges and we are delighted to be supporting Ayar Labs at a global level as they scale up the business and roll out this technology across different markets making photonics the new standard of I/O.”
Their patented approach uses industry standard cost-effective silicon processing techniques to develop the optical I/O TeraPHY chiplets and SuperNova Light Supply multi-wavelength lasers to replace traditional electrical based I/O. These smart optical I/O chiplets enable System-on-a-chip (SOC) companies and system-integrators to focus on their core function integration and process scaling while offloading the I/O tasks to low-power, high-throughput and reach optical I/Os, enabling logically connected but physically disaggregated systems.
Charles Wuischpard, CEO of Ayar Labs says, “We are excited to have Downing Ventures as a partner and investor, especially as we prepare to expand operations internationally. Integrated Optical I/O (OIO) is a multi-billion dollar market opportunity and Ayar Labs remains at the forefront in terms of demonstrated technology firsts and industry and ecosystem traction.”
Ayar Labs is the first company and the current leader for in-package optics to solve some of the key challenges related to using photonics within an existing system architecture. In solving the bandwidth and power issues using this technology, they are able to service a wide variety of market verticals including: Aerospace & Government, Artificial Intelligence (AI), High-Performance Computing (HPC), Cloud, Telco, and LIDAR.