Ayar Labs raises USD 500 mln Series E to scale co-packaged optics production
US-based optical interconnect company Ayar Labs has closed a USD 500 million Series E funding round to expand high-volume production and testing capacity for its co-packaged optics (CPO) technology, bringing total funding to USD 870 million and valuing the company at $3.75 billion. The round was led by Neuberger Berman, with participation from institutional investors including ARK Invest, Insight Partners, Qatar Investment Authority, Sequoia Global Equities and 1789 Capital.