Ayar Labs Marks Continued Growth with New Financing from Silicon Valley Bank, DARPA Research Contract, and Strategic Technical Hire from UC Berkeley

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    SANTA CLARA, Calif.–(BUSINESS WIRE)–Ayar Labs is pleased to announce that it has secured additional funding
    to fuel its growth as it drives to productize its TeraPHY™ optical I/O
    chiplets and SuperNova™ multi-wavelength lasers in 2019. The funding
    comes on the heels of the Optical Fiber Conference (OFC), where there
    was significant industry focus on the need for integrating silicon
    photonics based optical interconnect into semiconductor packages – a
    technique that promises to dramatically improve application performance,
    significantly reduce power consumption, and reduce overall datacenter
    platform costs for the Artificial Intelligence, High Performance
    Computing, Cloud, and Telecom markets.

    “Silicon Valley Bank (SVB) has a long history of supporting promising
    technology companies,” said Lafe Vittitoe, Managing Director at Silicon
    Valley Bank. “Ayar Labs has everything we look for in an investment —
    differentiated technology that addresses a large market opportunity,
    strong management and technology teams, and committed investors. We look
    forward to a long and fruitful relationship with Ayar Labs.”

    The funding, which totals $3M, comes in the form of a flexible draw down
    term loan and will be used on specific capital and manufacturing related
    expenditures as Ayar Labs ramps sampling and production. “SVB is a
    strategic long-term partner on our journey to bring our revolutionary
    technology to market,” said Charles Wuischpard, CEO of Ayar Labs. “Our
    customers and partners are excited at the progress we’re making; SVB’s
    investment will fuel our growth and accelerate our volume product
    introduction.”

    Ayar Labs is also pleased to announce that it has been awarded a DARPA
    grant as part of the “Photonics in the Package for Extreme Scalability”
    (PIPES) program, a research initiative that seeks to develop
    high-bandwidth optical signaling technologies for digital
    microelectronics. Through the grant, Ayar Labs will work to accelerate
    the adoption and integration of the Advanced Interface Bus (AIB), a
    royalty-free high-bandwidth electrical interconnect standard, which will
    be used to link third-party chips to TeraPHY.

    Additionally, to support its growing design win activities, Vladimir
    Stojanovic, a co-founder of Ayar Labs and Associate Professor of
    Electrical Engineering and Computer Science at the University of
    California at Berkeley, will be joining Ayar Labs in a full-time
    capacity to lead system architecture.

    About Ayar Labs

    Ayar Labs is 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. Ayar Labs’ patented approach uses industry standard
    cost-effective silicon processing techniques to develop high speed, high
    density, low power optical based interconnect “chiplets” and lasers to
    replace traditional electrical based IO. The company was founded in 2015
    and is funded by Playground Global, Intel Capital, Global Foundries, and
    Founders Fund. For more information, please visit http://www.ayarlabs.com.

    Contacts

    Hugo Saleh
    [email protected]